Monthly Archives: June 2014

4Jun

Comex Commodity Trading Signals and Market News – 04th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia Wednesday on a rebound from overnight with investors search for demand cues. On the Comex division of the New York Mercantile Exchange, gold for August delivery traded at $1,245.30 a troy ounce, up 0.06%. Overnight,the Institute for Supply Management corrected its May manufacturing data twice on Monday. The index was first corrected to 56.0 after being initially reported as 53.2, before being corrected for a second time to 55.4.

Silver comex for July delivery rose 0.17% to trade at $18.795 a troy ounce. Copper for July delivery fell 0.07% to trade at $3.140 a pound.

Crude oil prices gained in Asia on Wednesday after slightly bullish industry data on U.S. stocks. On the New York Mercantile Exchange, U.S. Crude Oil for delivery in July traded at $102.91 a barrel, up 0.24%, after hitting $102.10 on Monday, the lowest since May 20, before settling at $102.47, down 0.23%, or 24 cents.

• Brent Oil on ICE Futures Europe also rallied late to settle up 0.2 cent, or 0.02%, to $108.85 a barrel on Tuesday.

Natural gas futures were higher in U.S. trade on Tuesday. On the New York Mercantile Exchange, Natural gas futures for July delivery traded at USD4.633 per million British thermal units at time of writing rising 0.47%. It earlier traded at a session high USD4.662 per million British thermal units.

Base metals prices slipped lower on Tuesday morning on worsening sentiment about the state of the Eurozone economy. the copper price at $6,867 per tonne was down $63 on Monday’s close. Business has been subdued, with around 5,600 lots changing hands so far. Stocks and cancelled warrants both fell a net 2,000 tonnes to 168,825 tonnes and 70,975 tonnes respectively. The aluminium price was $10 lower at $1,840. Stocks were down 5,825 tonnes at 5,181,250 tonnes, their lowest since May 13, 2013 – this is due to continuous drawdowns in Detroit and Vlissingen. The nickel price declined $140 to $19,210 although inventories were down 126 tonnes to 283,986 tonnes and cancelled warrants increased 1,572 tonnes to 113,568 tonnes. The lead price at $2,119 was $4 lower after a 50-tonne stock drop to 190,425 tonnes and zinc at $2,078 was $5 lower, although tightness remains in the benchmark cash/three spread-it was last at a backwardation of $4.25/6.25. Stocks and cancelled warrants were both down 1,350 tonnes at 707,075 tonnes  and 91,000 tonnes respectively. The tin price was down $87 at $23,288 – inventories dropped 65 tonnes to 10,785 tonnes.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1465. If it breaks the level of 3.1223, it can touch the level of 3.1123 & 3.0992 respectively. If it sustain above the level of 3.1404, it can touch the level of 3.1504, 3.1634 respectively.

  • SELL COPPER-COMEX BELOW 3.1223 TGTS 3.1123, 3.0992 SL 3.1333.
  • BUY COPPER-COMEX ABOVE 3.1404 TGTS 3.1504, 3.1633 SL 3.1294.

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

 

4Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 04th June 2014

MARKET UPDATES :

  • Singapore officially started its first power plant that fully operates on liquefied natural gas (LNG) on Tuesday, said the head of the company that owns the facility, as the city state tries to curb its reliance on piped natural gas.
  • Singapore sovereign wealth fund GIC and a US- based private equity firm will acquire anti- plagiarism software maker iParadigms for US$752 million, the firms said on Tuesday.
  • CAPITALAND on Tuesday said its wholly-owned subsidiary Sound Investment Holdings and its concert parties have on Monday received valid acceptances amounting to 3.46 billion shares, representing approximately 88.7 per cent of the issued share capital of CapitaMalls Asia (CMA).
  • YuuZoo, a Singapore e-commerce firm run by the former Asia head of Finnish technology company Nokia, plans to go public through a S$490.9 million (US$391 million)

 

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.400 TG 2.440, 2.480, 2.540 SL 2.340

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

3Jun

Comex Commodity Trading Signals and Market News – 03rd June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Tuesday with mixed data from China weighing on demand prospects from one of the world’s top importers. Chinese non-manufacturing PMI for May rose to 55.5, the highest since November, from 54.8. The HSBC Manufacturing PMI May final came in at 49.4, lower than the 49.7 in the “flash” reading, but still above the 48.1 final in April. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,243.60 a troy ounce, down 0.03%, after hitting an overnight session low of $1,241.20 and off a high of $1,251.00.

Silver comex for July delivery was up 0.26% at $18.788 a troy ounce. Copper futures for July delivery fell 0.38% at $3.155 a pound. China is the world’s top copper importer.

Crude oil prices stayed slightly positive Tuesday after data from China showed mixed fortunes for the economy. Chinese non- manufacturing PMI for May rose to 55.5, the highest since November, from 54.8. The HSBC Manufacturing PMI May final came in at 49.4, lower than the 49.7 in the “flash” reading, but still above the 48.1 final in April. On the New York Mercantile Exchange,West Texas Intermediate crude oil for delivery in July traded at $102.51 a barrel, up 0.04%, after hitting an overnight session low of $102.11 a barrel and a high of $103.34 a barrel.

• Brent crude on ICE Futures Europe also settled down 0.4% at $108.94 a barrel.

Natural gas futures were higher on Monday,as market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand for air conditioning. On the New York Mercantile Exchange, natural gas for delivery in July rallied 1.03%, or 4.7 cents, to trade at $4.589 per million British thermal units during U.S. morning hours. Prices rose to a session high of $4.604 earlier in the day, the most since May 29. Natural gas futures fell 0.37%, or 1.7 cents, on Friday to settle at $4.542.

Base metals were mostly trading lower on Tuesday Asian trade after making a steadier start to the month on Monday. Copper ended at $6,930 per tonne on Monday, up $85 on Friday’s close due to the supportive official PMI data. Today, the poorer HSBC Flash PMI drove the metal down below $6,900 again, with prices now hovering at $6,896.25. Aluminium was the only metal in the complex that did not slide, with prices flat at $1,850 per tonne.Nickel at $19,331 is $19 lower;stocks fell 324 tonnes to 284,112 tonnes and cancelled warrants increased 864 tonnes to 111,996 tonnes. Tin at $23,210 is $165 lower; Lead fell $13 to $2,110 and zinc at $2,078 was also $5 lower.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 108.79. If it breaks the level of 108.65, it can touch the level of 108.10 & 107.32 respectively. If it sustain above the level of 109.83, it can touch the level of 110.38, 111.16 respectively.

  • SELL BRENTCRUDEOIL-NYMEX BELOW 108.65 TGTS 108.10, 107.32 SL 109.25.
  • BUY BRENTCRUDEOIL-NYMEX ABOVE 109.83 TGTS 110.38, 111.16 SL 109.23.

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

3Jun
forex-market-hours

IForex Market Trading Signals and News of 03rd June 2014

TRADING TIPS :

➔Forex – EUR/USD trims losses but remains under pressure
➔Forex – GBP/USD holds steady after disappointing U.S. data

EUR/USD
➔EUR/USD pulled away from 1.3594, the pair’s lowest since May 29, to hit 1.3619 during U.S. morning trade, still down 0.09%.In a report, the Institute of Supply Management said its manufacturing purchasing managers’ index ticked down to 53.2 in May, from a reading of 54.9 the previous month, confouding expectations for a rise to 55.5.Meanwhile, the single currency remained under pressure after data on Friday showing that the annual rate of inflation in Italy and Spain slowed in May added to expectations that the ECB will take steps to tackle low consumer price growth, which is threatening the fragile recovery in the single currency bloc.Earlier Monday, official data showed that German consumer price inflation accelerated at an annualized rate of 0.9% last month, down from 1.3% in April. Analysts had expected German consumer prices to rise by 1.1% in May.

GBP/USD
➔GBP/USD hit 1.6768 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.6754, inching up 0.01%.Cable was likely to find support at 1.6693, the high of May 29 and resistance at 1.6816, the high of May 28.In a report, the Institute of Supply Management said its manufacturing purchasing managers’ index ticked down to 53.2 in May, from a reading of 54.9 the previous month, confouding expectations for a rise to 55.5. The data came after a string of disappointing U.S. economic reports on Friday dented optimism over the strength of the country’s economic recovery.In the U.K., Markit research group said the U.K. manufacturing PMI ticked down to 57.0 in June, from a reading of 57.3 the previous month, in line with expectations.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6790- TG: 1.6810/ 1.6840 SL 1.6760
2. Sell GBP/USD Below 1.6730- TG: 1.6710/ 1.6670 SL 1.6760

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

3Jun
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 03rd June 2014

MARKET UPDATES :

  • SEMBCORP Marine has acquired a 12 per cent stake in GraviFloat AS for US$4 million, with a right to increase its stake by up to 20 per cent, it said Monday.The investment represents a new business venture for the Sembcorp Marine group
  • LOCAL commercial prompt payment performance “declined sharply” in the first quarter of 2014 (Q12014), reversing the uptrend from the preceding quarter, said the Singapore Commercial Credit Bureau (SCCB) on Monday
  • Singapore shares inched up on Monday, led by gains in media conglomerate Singapore Press Holdings Ltd, as Wall Street posted another record close and data showed China’s factory activity expanding at the fastest pace in five months.
  • SWIBER Holdings has won a US$80 million engineering, procurement, installation and construction contract in Latin American for subsea development work which includes pipeline tie-in work.

 

STOCK RECOMMENDATION :

  • BUY NOBLE GROUP ABOVE 1.400 TG 1.440, 1.480, 1.540 SL 1.340

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

 

2Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 02nd June 2014

MARKET UPDATES :
  • FRASERS Centrepoint Asset Management Ltd (FCAM), the manager of Frasers Centrepoint Trust (FCT), has privately placed 88 million new units at S$1.835 per unit, raising gross proceeds of about S$161.5 million.The issue price represents a 2.5 per cent discount to FCT’s adjusted volume weighted average price of S$1.882 per unit for trades done on May 29, 2014
  • PACIFIC Andes Resources Development said its indirect subsidiary, Quality Food (Singapore), has on Thursday agreed to sell 26.5 million shares in Tassal Group Limited for A$96.73 million. This translates to about A$3.65 a share.After the sale, Quality Food’s stake in Tassal will be reduced by 18.09 per cent to 4.64 per cent. As a result, Tassal will no longer be an associated company
  • BANK lending growth was flat in April for both business and consumer loans, compared to a month ago, preliminary data from the Monetary Authority of Singapore showed on Friday.
STOCK RECOMMENDATION :
  • BUY Oversea-Chinese Banking Corp. Limited ABOVE 9.750 TG 9.850, 9.950, 10.100 SL 9.650

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

2Jun

Comex Commodity Trading Signals and Market News – 02nd June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures fell on Friday despite less-than-stellar U.S.economic indicators, as markets bet the U.S. economy continues to recover and is in less need of monetary support from the Federal Reserve.Monetary stimulus tools such as the Fed’s monthly asset-purchasing program weaken the dollar by suppressing longer-term interest rates, making gold an attractive hedge as long as they remain in place. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,245.40 a troy ounce during U.S. trading, down 0.93%, up from a session low of $1,242.50 and off a high of $1,260.60. The August contract settled down 0.21% at $1,257.10 on Thursday.

Silver comex for July delivery was down 1.75% at $18.682 a troy ounce, while copper futures for July delivery were down 0.66% at $3.124 a pound.

Crude oil futures fell 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, West Texas Intermediate crude oil for delivery in July traded at $102.79 a barrel during U.S. trading, down 0.76%. New York-traded oil futures hit a session low of $102.42 a barrel and a high of $103.60 a barrel. The July contract settled up 0.84% at $103.58 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for July delivery were down 0.52% and trading at US$109.40 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.61 a barrel.

Natural gas futures carried Thursday’s losses into Friday after official data revealed U.S. stockpiles rose more than markets were expecting last week, though prices steadied in afternoon trading.On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.552 per million British thermal units during U.S. trading, down 0.16%. The commodity hit a session high of $4.592 and a low of $4.490. The July contract settled down 1.21% on Thursday to end at $4.559 per million British thermal units.

Base metals were trading in well-worn ranges during Friday morning sessions as the complex looked towards US and Chinese data releases for direction. The copper price at $6,890 per tonne was up $6 on the previous day’s close, as stocks and cancelled warrants fell 1,150 tonnes to 171,350 tonnes and 73,500 tonnes respectively. Aluminium at $1,840 was down $4, dropping of its session and one-month highs of $1,853. Inventories were 4,750 tonnes lower. The nickel price continues to be jumpy – the metal had soared above $21,000 at the start of the month, but has since declined to $18,972. Lead at $2,100 was $22 lower with a 375-tonne decrease in stocks to 19,045 tonnes. Sister metal Zinc at $2,048 was down $20 although stocks fell 7,700 tonnes to 711,900 tonnes. Tin was $15 lower at $23,460 and stocks and cancelled warrants declined $50 to 10,865 tonnes and 3,500 tonnes respectively.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1449.25. If it breaks the level of 1443, it can touch the level of 1436 & 1425 respectively. If it sustain above the level of 1465, it can touch the level of 1472, 1483 respectively.

  • SELL PLATINUM-COMEX BELOW 1443 TGTS 1436, 1425 SL 1453.
  • BUY PLATINUM-COMEX ABOVE 1465 TGTS 1472, 1483 SL 1455.

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

2Jun
forex-trading3

IForex Market Trading Signals and News of 02nd June 2014

TRADING TIPS :

➔Forex – GBP/USD gains on soft U.S. consumer sentiment report
➔Forex – EUR/USD gains on soft U.S. sentiment, personal spending data
➔Forex – USD/CAD rises but gains limited after U.S., Canadian data

EUR/USD
➔EUR/USD was up 0.24% at 1.3635, up from a session low of 1.3598 and off a high of 1.3650.The pair was likely to find support at 1.3586, Thursday’s low, and resistance at 1.3668, Tuesday’s high.The revised Thomson Reuters/University of Michigan consumer sentiment index ticked up to 81.9 this month from 81.8 in April, missing market expectations for a reading of 82.5.While harsh winter weather dampened spirits, concerns wages will remain weak did more so.”The May decline in consumer confidence was not due to the dismal state of the economy during the 1st quarter, which had the weakest pace of GDP growth in three years. Consumers thought the harsh winter weather was mainly responsible,” the indicator’s statement read.Consumer sentiment would suffer more if the economy failed to rebound in the months ahead, though the survey revealed that consumers feel the economy will be strong enough to produce more jobs in the year ahead.

GBP/USD
➔GBP/USD was trading at 1.6762, up 0.27%, up from a session low of 1.6715 and off a high of 1.6778.Cable was likely to find support at 1.6693, Thursday’s low, and resistance at 1.6882, Tuesday’s high.The revised Thomson Reuters/University of Michigan consumer sentiment index ticked up to 81.9 this month from 81.8 in April, missing market expectations for a reading of 82.5.While harsh winter weather dampened spirits, concerns wages will remain weak did more so.”The May decline in consumer confidence was not due to the dismal state of the economy during the 1st quarter, which had the weakest pace of GDP growth in three years.Consumers thought the harsh winter weather was mainly responsible,” the indicator’s statement read. Consumer sentiment would suffer more if the economy failed to rebound in the months ahead, though the survey revealed that consumers feel the economy will be strong enough to produce more jobs in the year ahead.

RECOMMENDATION :
1. Buy GBP/USD Above 1.6790- TG: 1.6810/ 1.6840 SL 1.6760
2. Sell GBP/USD Below 1.6750- TG: 1.6730/ 1.6700 SL 1.6780

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

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