Monthly Archives: June 2014

19Jun
forex-trading3

IForex Market Trading Signals and News of 19th June 2014

TRADING TIPS :

  • Forex – U.S. dollar edges higher against Canadian dollar before Fed
  • Dollar dips before Fed, sterling slips lower
  • Forex – Euro higher against pound after BoE minutes

USD/CAD
USD/CAD inched up 0.05% to 1.0866, from 1.0859 late Tuesday. The pair was likely to find support at 1.0821, the low of May 30 and resistance at 1.0905. The greenback remained supported after official data on Tuesday showed that U.S. consumer prices rose 0.4% in May from a month earlier, bringing the annual rate of inflation to 2.1%.

USD/JPY
USD/JPY was at 102.19, after rising as high as 102.31 earlier. The dollar remained supported after official Tuesday on Tuesday showed that U.S. consumer prices rose 0.4% in May from a month earlier, bringing the annual rate of inflation to 2.1%. It was the fastest monthly increase in inflation in more than a year, beating forecasts of 0.2

EUR/GBP
EUR/GBP was up 0.23% to 0.8004, recovering from the one-and-a-half year low of 0.7958 struck on Monday. The pair was likely to find support at 0.7958 and resistance at 0.8020.The euro pushed higher against the pound on Wednesday as the release of more dovish than expected Bank of England minutes tempered expectations for a U.K. rate hike

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7040/ 1.7070 SL 1.6980
2. Sell GBP/USD Below 1.6920- TG: 1.6890/ 1.6860 SL 1.6950

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

19Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 19th June 2014

MARKET UPDATES :

  • LOSS-MAKING airline Tigerair Mandala will cease operating from July 1, its board announced on Wednesday.Tiger Airways has a 35.8 per cent stake in the bleeding Indonesia-based carrier; Saratoga Group and PT Cardig International are the other key shareholders.
  • PASSENGER car COE (certificate of entitlement) premiums continued to slide for a second tender, but there appears to be different reasons for the softness in Categories A and B.Cat A – for cars below 1,600cc and 130 hp – fell $1,301 to $61,899, while Cat B – for cars above 1,600cc or 130 hp – slipped $1,604 to $65,700.
  • THE Ministry of Law said on Wednesday it has formed an advisory committee on money-lending to review its regulatory regime. The committee will look into a cap on interest rates for money-lending loans, restrictions on the charging of fees by money-lenders; and a cap on the total amount of such loans taken out by each borrower.
  • THE Agency for Science, Technology and Research (A*STAR) and the Singapore Management University (SMU) will establish a centre, tapping on high performance computing technology, big data analytics and behavioural sciences, to study the human behaviour.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 44.000 TG 44.300, 44.600, 45.000 SL 43.700,

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

18Jun

Comex Commodity Trading Signals and Market News –18th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased slightly in Asia on Wednesday in mild profit taking with the focus on the upcoming Federal Reserve announcement. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,271.50 a troy ounce, down 0.04%, after hitting an overnight session low of $1,259.00 and off a high of $1,273.50.

Silver for July delivery rose 0.03% at $19.737 a troy ounce. Copper futures for July delivery gained 0.04% at $3.061 a pound.

Crude oil prices gained on Wednesday in Asia after industry data showed a sharp drop in U.S. crude oil stocks. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in August traded at $106.03 a barrel, up 0.15%, after hitting an overnight session low of $105.47 a barrel and a high of $106.67 a barrel.

Brent oil on the ICE futures exchange rose 0.5% to $113.45 a barrel on Tuesday, the highest price since Sept. 9.

Natural gas futures carried Monday’s gains into Tuesday after updated weather-forecasting models continued calling for above- average temperatures to settle in over the eastern U.S. in the coming days, which should prompt thermal power plants to burn more of the commodity to meet demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.728 per million British thermal units during U.S. trading, up 0.45%. The commodity hit a session high of $4.673 and a low of $4.739. The July contract settled down 0.68% on Monday to end at $4.707 per million British thermal units.

Base metals generally continued their range-bound trade but prices were mostly firmer as various fundamental news supported individual metals. Lead and zinc were modestly higher due to demand-supply data published by the International Lead &; Zinc Study Group (ILZSG), showing both metals to be in deficit in April. Copper ended the session at $6,705 per tonne on Monday and has advanced on Wednesday’s Asian trade, climbing some $17 to the current $6,722 per tonne. Still the metal is stuck in range, trading within a $25 band. Aluminium stayed flat at $1,852 per tonne, while nickel extended its hefty $570 advance on Tuesday. Today’s price is up $42 at $19,162 compared to last night’s $19,120. Nickel notched up another solid advance, closing at $19,120, a $570 gain, even after stocks increased 60 tonnes to 286,728 tonnes. Tin finished $100 higher at $22,550 – there was a 20-tonne stocks fall to 10,880 tonnes. Lead and zinc prices were both firmer today, following the report from ILZSG which saw both metals in supply deficit in April, adding on bullish sentiments. Lead advanced $13 yesterday to end at $2,119 and held on to gains at the current $2,120 per tonne.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1439.75. If it breaks the level of 1430, it can touch the level of 1423 & 1413 respectively. If it sustain above the level of 1449, it can touch the level of 1456, 1466 respectively.

  • SELL PLATINUM-COMEX BELOW 1430 TGTS 1423, 1413 SL 1440.
  • BUY PLATINUM-COMEX ABOVE 1449 TGTS 1456, 1466 SL 1439.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

18Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 18th June 2014

MARKET UPDATES :

  • DBS/POSB ATMs and online banking services were affected by a “connectivity issue” earlier on Monday, which had affected customers trying to withdraw cash and use their NETs cards. In response to queries from The Business Times, a DBS spokesperson confirmed that “all services were fully restored at about 3pm” on Monday.
  • SINGAPORE Airlines’ earnings are the least exposed to rising jet fuel prices as tensions in Iraq escalates, HSBC Global Research said in a report on Tuesday.
  • ALMOST half of employees in Singapore do not think they have the perfect job, according to results from the second quarter Randstad Workmonitor survey released on Tuesday.
  • The survey showed 75 per cent viewed their job only as a way to make a living and nothing more.
  • IN JUST over a year from conceptualisation, Singapore is finally putting into real action its vision to become the world’s first Smart Nation to use technology to enhance transport, healthcare and other public services.

STOCK RECOMMENDATION :

  • SELL JARDINE CYCLE BELOW 43.700 TG 43.400, 43.000, 42.600 SL 44.000

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

18Jun
forex-market-hours

IForex Market Trading Signals and News of 18th June 2014

TRADING TIPS :

  • Forex – Euro at session lows vs. dollar after U.S. inflation data
  • Forex – Dollar higher vs. yen, euro after U.S. data
  • Forex – U.S. dollar rises to session highs against Canadian dollar

EUR/USD
EUR/USD was down 0.24% to 1.3540, holding above the four month trough of 1.3502 struck earlier this month. The pair was likely to find support at 1.3500 and resistance at 1.3586, the session high. The Labor Department said U.S. consumer prices rose at an annual rate of 2.1% last month, while prices were up 0.4% from a month earlier. It was the fastest increase in annual inflation since October 2008.

USD/JPY
USD/JPY was up 0.28% to 101.12 from 101.82 late Monday. The pair was likely to find support at 101.59, the low of June 12 and resistance at 102.40. The Labor Department reported that U.S. consumer prices rose at an annual rate of 2.1% last month, while prices were up 0.4% from a month earlier.

USD/CAD
USD/CAD was up 0.24% to 1.0870, from 1.0843 late Monday. The pair was likely to find support at 1.0834, Monday’s low and a two-week low and resistance at 1.0905. The Labor Department said U.S. consumer prices rose at an annual rate of 2.1% last month, while prices were up 0.4% from a month earlier

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7040/ 1.7070 SL 1.6980
2. Sell GBP/USD Below 1.6930- TG: 1.6900/ 1.6870 SL 1.6960

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

17Jun

Comex Commodity Trading Signals and Market News –17th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased early on Tuesday in Asia on profit taking, though it remains poised for gains as strife in Iraq continues. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,272.20 a troy ounce, down 0.24%, after hitting an overnight session low of $1,272.60 and off a high of $1,285.10.

Silver for July delivery was down 0.21% at $19.673 a troy ounce. Copper futures for July delivery were down 0.05% at $3.047 a pound.

Crude oil prices eased in Asia on Tuesday in mild profit taking, but tension in Iraq as the government battles Islamic militants underpins the commodity. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in August traded at $106.18 a barrel, down 0.11%, after hitting an overnight session low of $106.04 a barrel and a high of $106.78 a barrel.

Brent oil futures rose 0.4% to $112.94 a barrel on the ICE Futures Europe exchange on Monday.

Natural gas futures moved higher on Monday after updated weather-forecasting models called for warm temperatures for a good portion of U.S. in the coming days, which should prompt thermal power plants to burn more of the commodity to meet demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.753 per million British thermal units during U.S. trading, up 0.28%. The commodity hit a session high of $4.824 and a low of $4.670. The July contract settled down 0.48% on Friday to end at $4.739 per million British thermal units.

Base metals were generally trading in small ranges during Tuesday’s Asian trade, largely following the patterns of equities market and adopting a wait-and-see mode. Copper was up above $6,700 with current bid at $6,712, trading some $22 above Monday’s close. Aluminium’s last trade was at $1,856, up $2, with stocks and cancelled warrants both falling 8,950 tonnes to 5,118,150 tonnes and 2,811,575 tonnes respectively. Nickel pushed higher to $18,661, an $11 gain after rallying last night with prices increasing $573. Stocks fell 42 tonnes to 286,668 tonnes but remain close to all-time highs. Tin at $22,467 is $17 higher. Lead and zinc are both flat, with lead at $2,106 and the latter at $2,103.50.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0545. If it sustain above the level of 3.0637, it can touch the level of 3.0737 & 3.0883 respectively. If it breaks the level of 3.0337, it can touch the level of 3.0237, 3.0087 respectively.

  • BUY COPPER-COMEX ABOVE 3.0637 TGTS 3.0737, 3.0883 SL 3.0527.
  • SELL COPPER-COMEX BELOW 3.0337 TGTS 3.0237, 3.0087 SL 3.0447.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

17Jun
Forex Signals

IForex Market Trading Signals and News of 17th June 2014

TRADING TIPS :

  • Forex – GBP/USD gains on hawkish Carney statements
  • Forex – U.S. dollar edges higher against Canadian dollar
  • Forex – EUR/USD pares losses but remains under pressure

GBP/USD
GBP/USD hit 1.7011 during U.S. morning trade, the pair’s highest since August 6, 2009; the pair subsequently consolidated at 1.6986, adding 0.11%. Cable was likely to find support at 1.6950 and resistance at 1.7050. The pound strengthened broadly after Mark Carney said last Thursday that rapid economic growth and the steep decline in the jobless rate mean that the time to begin raising interest rates is growing closer.

USD/CAD
USD/CAD edged up 0.12% to 1.0869 from 1.0853 late Friday. The pair was likely to find support at 1.0821, the low of May 30 and resistance at 1.0905, Wednesday’s high. Crude oil prices touched session highs of $106.78 on Monday, as concerns over the ongoing Sunni insurgency in Iraq fuelled fears over the impact of reduced output from one of the world’s largest oil producers.

EUR/USD
EUR/USD pulled away from 1.3513, the pair’s lowest since June 12, to hit 1.3538 during European afternoon trade, inching down 0.02%. The pair was likely to find support at 1.3500 and resistance at 1.3570.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7030/ 1.7050 SL 1.6980
2. Sell GBP/USD Below 1.6950- TG: 1.6910/ 1.6870 SL 1.6980

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

17Jun
sgx-asx

Financial Sgx Singapore Stock Market Trading Picks And News – 17th June 2014

MARKET UPDATES :

  • NOTEBOOK-CASING producer Huan Hsin Holdings is planning to dispose of 30 per cent of the capital of Li Sheng Electronic (Kunshan) (LSE) for US$3.5 million (S$4.38 million) in cash.
  • SINGAPORE Airlines (SIA) recorded a 0.3 percentage point improvement in its passenger load factor (PLF), bringing it to 74.9 per cent in May.
  • The increase in passenger carriage outpaced capacity injection during the month. Passenger carriage, measured in revenue passenger kilometres, increased 2.5 per cent year-on-year; capacity, measured in available seat kilometres, was up 2 per cent.
  • DBS/POSB ATMs and online banking services were affected by a “connectivity issue” earlier on Monday, which had affected customers trying to withdraw cash and use their NETs cards.In response to queries from The Business Times, a DBS spokesperson confirmed that “all services were fully restored at about 3pm” on Monday.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.500 TG 2.540, 2.580, 2.640 SL 2.440

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

16Jun

Comex Commodity Trading Signals and Market News –16th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures remained in positive territory due to safe-haven demand from investors worried over chaos erupting in Iraq remained in a tight trading range after President Barack Obama said the U.S. won’t send in troops to quell the insurgency. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,275.90 a troy ounce during U.S. trading, up 0.15%, up from a session low of $1,271.00 and off a high of $1,277.50. The August contract settled up 1.01% at $1,274.00 on Thursday.

Silver for July delivery was up 0.69% at $19.668 a troy ounce, while copper futures for July delivery were up 0.49% at $3.030 a pound.

Crude futures advanced on Friday amid fears that Iraq is on the brink of a civil that could disrupt oil shipments, though reassurances from President Barack Obama that the U.S. won’t send troops into the troubled country moved prices off earlier highs.On the new York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $106.91 a barrel during U.S. trading, up 0.36%. New York-traded oil futures hit a session low of $106.39 a barrel and a high of $107.67 a barrel. The July contract settled up 2.04% at $106.53 a barrel on Thursday.

Natural gas futures edged lower on Friday after investors locked in gains from Thursday’s bullish supply report and sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.756 per million British thermal units during U.S. trading, down 0.14%. The commodity hit a session high of $4.791 and a low of $4.717. The July contract settled up 5.63% on Thursday to end at $4.762 per million British thermal units.

Base metals other than the tin price were back in positive territory in Friday’s pre-market sessions, rebounding from the previous day’s lows. The copper price dived to a five-week low near $6,600 on Thursday, aluminium its weakest for a week and lead its softest for a month. High-priced nickel and tin saw steeper corrections, falling to their lowest for two and three months respectively. The copper price at $6,662 per tonne was up $42 on Thursday’s close. The aluminium price at $1,850 was $5 higher – stocks fell 4,575 tonnes to 5,127,100 tonnes – and nickel climbed $88 to $18,088 although stocks rose 228 tonnes to 286,710 tonnes and cancelled warrants fell 720 tonnes to 114,270 tonnes. The lead price at $2,083 was up $8 following a 25-tonne stock drop to 191,250 tonnes and zinc at $2,086 was $11 higher – stocks and cancelled warrants both fell 2,650 tonnes to 684,625 tonnes and 65,275 tonnes respectively. The tin price was the exception, falling $50 to $22,520 after a 60-tonne stock increase to 10,900 tonnes.

• The ICE Futures Exchange in London, Brent oil futures for August delivery were up 0.30% and trading at US$112.76 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$5.85 a barrel.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1431.75. If it breaks the level of 1427, it can touch the level of 1420 & 1408 respectively. If it sustain above the level of 1453, it can touch the level of 1460, 1472 respectively.

  • SELL PLATINUM-COMEX BELOW 1427 TGTS 1420, 1408 SL 1437.
  • BUY PLATINUM-COMEX ABOVE 1453 TGTS 1460, 1472 SL 1443.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

13Jun

Comex Commodity Trading Signals and Market News –13th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell early in Asia on Friday on profit taking after a run-up overnight on geopolitical tension over Iraq. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,273.00 a troy ounce, down 0.08%, after hitting an overnight session low of $1,260.10 and off a high of $1,275.00.

Silver for July delivery was down 0.08% at $19.517 a troy ounce. Copper futures for July delivery were up 0.05% at $3.015 a pound.

Crude oil prices held gain into Asia on Friday as continued strife in Iraq underpinned concerns on supply. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $106.96 a barrel,up 0.40%, after hitting an overnight session low of $104.36 a barrel and off a high of $1,275.00, its highest settlement since September.

Natural gas futures shot up on Thursday after official data revealed that U.S. natural gas supplies rose less than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.756 per million British thermal units during U.S. trading, up 5.49%. The commodity hit a session high of $4.759 and a low of $4.518. The July contract settled down 0.49% on Wednesday to end at $4.508 per million British thermal units.

• The price of a barrel of Brent oil, traded on the ICE Europe, settled at its highest level since September, climbing 2.8% to $113.02 a barrel, on Thursday.

• The base metals closed lower yesterday, with average losses of 1.2 percent, with the copper price falling the least, it was down 0. 3 percent at $6,673.75, but the others gave back more of their recent gains, with nickel down 2.4 percent at $18,250, the aluminium price off 1.6 percent at $1,866, the lead price down 1.2 percent, zinc off 0.7 percent and tin off 1.1 percent. As such, the markets did seem to have a reaction to the World Bank’s global outlook downgrade and it suggests the run-up in prices of late was largely driven by short-covering.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1440.25. If it breaks the level of 1440, it can touch the level of 1432 & 1422 respectively. If it sustain above the level of 1465, it can touch the level of 1473, 1483 respectively.

  • SELL PLATINUM-COMEX BELOW 1440 TGTS 1432, 1422 SL 1450.
  • BUY PLATINUM-COMEX ABOVE 1465 TGTS 1473, 1483 SL 1455.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.