Monthly Archives: July 2014

31Jul

Comex Commodity Trading Signals and Market News – 31 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dropped in U.S. trading on Tuesday after an upbeat consumer confidence report sent investors betting that the Federal Reserve will deliver an positive take on the U.S. economy at a policy meeting this week and make fresh cuts to its stimulus program that has supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,300.80 a troy ounce during U.S. trading, down 0.38%, up from a session low of $1,298.10 and off a high of $1,314.40.The December contract settled up 0.04% at $1,305.80 on Monday. Futures were likely to find support at $1,289.40 a troy ounce, Thursday’s low, and resistance at $1,320.40, the high from July 21.Data released earlier bolstered the dollar and in turn, pushed down gold, as the two assets tend to trade inversely with one another.

Natural gas futures edged lower but held range bound on Tuesday as investors bet a recent spate of mild U.S. temperatures will result in a bearish supply report due out on Thursday. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at$3.753 per million British thermal units during U.S. trading, down 0.33%. The commodity hit a session high of $3.793 and a low of $3.740. The September contract settled down 0.58% on Monday to end at $3.765 per million British thermal units.Natural gas futures were likely to find support at $3.725 per million British thermal units, Monday’s low, and resistance at $3.857, Monday’s high.

U.S. crude futures dropped on Tuesday amid concerns that this week’s supply data will depict a U.S. economy that is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.82% at $100.84 a barrel during U.S. trading. New York-traded oil futures hit a session low of $100.38 a barrel and a high of $101.82 a barrel.The September contract settled down 0.41% at $101.67 a barrel on Monday.

Nymex oil futures were likely to find support at $99.60 a barrel, the low from July 16, and resistance at $102.10 a barrel, Monday’s high.The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles fell by 1 million barrels in the week ending July 25.

Brent oil on the ICE futures exchange rose 0.1% to $107.72 a barrel. Also aiding crude was news that CVR Refining LP shut down its 115,000- barrel-a-day refinery in Coffeyville, Kansas., after a fire Tuesday morning thatinjured four employees, according to a company statement. Despite concerns that conflict in Ukraine and across the Middle East may disrupt supply, shipments have continued to flow normally, with sentiments that the U.S. is brimming with crude oil often overshadowing upbeat U.S. data.The Conference Board reported earlier that its consumer confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. It was the highest reading since October 2007, defying consensus forecasts for a decline to 85.3.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1290 TG 1284,1274 SL 1300
  • BUY GOLD COMEX ABOVE 1303 TG 1309,1319 SL 1293

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

31Jul
forex-trading3

IForex Market Trading Signals and News of 31 July 2014

TRADING TIPS :

  • Forex -Dollar hits 6-month highs before U.S. GDP, Fed
  • Forex -USD/CHF near 5-month highs after KOF report, Fed ahead
  • Forex -Dollar index at 6-month highs ahead of GDP, Fed

AUD/USD
AUD/USD hit 0.9374 during early European trade, the session low; the pair subsequently consolidated at 0.9372, easing 0.13%.The pair was likely to find support at 0.9338, the low of July 18 and resistance at 0.9424, the high of July 25.The greenback remained supported ahead of preliminary data on U.S. second-quarter growth and the Federal Reserve’s latest rate statement, both due on Wednesday. Investors were also awaiting the July employment report on Friday.

EUR/USD
EUR/USD was trading at 1.3405, the lowest level since November 21.The pair was likely to find support at around 1.3350 and resistance at 1.3445.The U.S. was to release the preliminary estimate on second quarter gross domestic product growth later Wednesday, which was to be followed by the conclusion Fed policy meeting later in the day. Investors were also awaiting the U.S. nonfarm payrolls report for July on Friday.The dollar has strengthened in recent sessions as economic data indicated that the recovery is gaining traction. A report by the Commerce Board on Tuesday showed that U.S. consumer confidence rose to the highest level in seven years this month.The euro remained under heavy selling pressure amid concerns over the divergence in monetary policy between the European Central Bank and its major peers.

RECOMMENDATION :

1. Buy AUD/USD Above 0.9378 TG: 0.9398/ 0.9428 SL 0.9348
2. Sell AUD/USD Below 0.9359- TG: 0.9339/0.9309 SL 0.9389

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

31Jul
sgx 31 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News –31 July 2014

MARKET UPDATES :

  • RESEARCHERS from the Singapore General Hospital and the Duke-NUS Graduate Medical School are a step closer to finding a treatment for dengue fever, which currently cannot be treated with an antiviral drug or vaccinated against. The progress comes after the researchers found that Celgosivir, a medicine derived from the seeds of the Moreton Bay Chestnut trees, to be safe for dengue patients.
  • STEPHEN Lee is stepping down as President of the Singapore National Employers Federation (SNEF) on August 31, after 26 years at the helm. He will be succeeded by Robert Yap, the current chairman and chief executive of home-grown logistics company YCH Group, on Sep 1. Dr Yap is one of four vice- presidents at SNEF.
  • TATA Consultancy Services (TCS) announced on Wednesday that it is the official IT consultancy partner of the Standard Chartered Singapore Marathon (SCMS) 2014. It will provide a mobile application and technology support for the event. Vish Iyer, President,
  • THE Building and Construction Authority (BCA) has granted S$8.3 million to researchers from the National University of Singapore (NUS), Nanyang Technological University and Ngee Ann Polytechnic to develop energy efficient technologies.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.090 TG 18.190, 18.300, 18.440 SL 17.950

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

30Jul

Comex Commodity Trading Signals and Market News – 30 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dropped in U.S. trading on Tuesday after an upbeat consumer confidence report sent investors betting that the Federal Reserve will deliver an positive take on the U.S. economy at a policy meeting this week and make fresh cuts to its stimulus program that has supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,300.80 a troy ounce during U.S. trading, down 0.38%, up from a session low of $1,298.10 and off a high of $1,314.40.The December contract settled up 0.04% at $1,305.80 on Monday. Futures were likely to find support at $1,289.40 a troy ounce, Thursday’s low, and resistance at $1,320.40, the high from July 21.Data released earlier bolstered the dollar and in turn, pushed down gold, as the two assets tend to trade inversely with one another.

Natural gas futures edged lower but held range bound on Tuesday as investors bet a recent spate of mild U.S. temperatures will result in a bearish supply report due out on Thursday. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at$3.753 per million British thermal units during U.S. trading, down 0.33%. The commodity hit a session high of $3.793 and a low of $3.740. The September contract settled down 0.58% on Monday to end at $3.765 per million British thermal units.Natural gas futures were likely to find support at $3.725 per million British thermal units, Monday’s low, and resistance at $3.857, Monday’s high.

U.S. crude futures dropped on Tuesday amid concerns that this week’s supply data will depict a U.S. economy that is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.82% at $100.84 a barrel during U.S. trading. New York-traded oil futures hit a session low of $100.38 a barrel and a high of $101.82 a barrel.The September contract settled down 0.41% at $101.67 a barrel on Monday.

Nymex oil futures were likely to find support at $99.60 a barrel, the low from July 16, and resistance at $102.10 a barrel, Monday’s high.The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles fell by 1 million barrels in the week ending July 25.

Brent oil on the ICE futures exchange rose 0.1% to $107.72 a barrel. Also aiding crude was news that CVR Refining LP shut down its 115,000- barrel-a-day refinery in Coffeyville, Kansas., after a fire Tuesday morning thatinjured four employees, according to a company statement. Despite concerns that conflict in Ukraine and across the Middle East may disrupt supply, shipments have continued to flow normally, with sentiments that the U.S. is brimming with crude oil often overshadowing upbeat U.S. data.The Conference Board reported earlier that its consumer confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. It was the highest reading since October 2007, defying consensus forecasts for a decline to 85.3.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1291 TG 1285,1275 SL 1302
  • BUY GOLD COMEX ABOVE 1304 TG 1310,1320,SL 1294

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

30Jul
sgx 30 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News –30 July 2014

MARKET UPDATES :

  • SINGAPORE’S Land Transport Authority (LTA) has awarded the last three of 25 major civil contracts for Thomson Line’s Orchard, Marina South and Gardens by the Bay stations and tunnels at S$1.32 billion.With the award of these three civil contracts, LTA has awarded all the 25 major civil contracts for Thomson Line at a total cost of about S$7.77 billion
  • Temasek Holdings said on Friday it had sold all of its remaining shares in New China Life Insurance (NCI), on the back of a 27 per cent rally in the stock over the past year. Temasek sold 78 million shares in NCI, China’s third-largest life insurer at HK$27.45 each raising HK$2.14 billion (US$276 million), after offering the stock in a HK$27.30 to HK$27.85 per share indicative range,
  • SINGAPORE’S factory output staged a small recovery in June, growing 0.4 per cent year-on- year.This came after a revised 1.9 per cent drop in May, the first decline since June 2013.The electronics cluster, which has the biggest weightage of 33.4 per cent on the industrial production index, continued to fall last month, posting a 4.8 per cent drop,

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.620 TG 2.660, 2.700, 2.760 SL 2.560

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

30Jul

IForex Market Trading Signals and News of 30 July 2014

TRADING TIPS :

  • Forex -Dollar holds near 6-month highs, CB report ahead
  • Forex -GBP/USD almost unchanged in cautious trade
  • Forex -USD/CAD rises to 1-month highs

USD/CAD
USD/CAD touched highs of 1.0827, the most since June 19 and was last up 0.16% to 1.0816. The pair was likely to find support at 1.0737, Friday’s low and resistance at the 1.0850 level. Demand for the dollar continued to be underpinned ahead of preliminary data on U.S. second-quarter growth and the Federal Reserve’s latest rate statement, both due on Wednesday. Investors were also awaiting the July employment report on Friday.

GBP/USD
GBP/USD hit 1.6995 during European morning trade, the session high; the pair subsequently consolidated at 1.6989, inching up 0.03%. Cable was likely to find support at 1.6924, the low of June 18 and resistance at 1.7053, the high of July 24. Official data earlier showed that U.K. net lending to individuals rose by £2.5 billion last month, below expectations for an increase of £2.6 billion. Net lending to individuals in May was revised up to a £3.0 billion increase from a previously estimated £2.7 billion gain.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6955- TG: 1.6975/ 1.7005 SL 1.6925
2. Sell GBP/USD Below 1.6930- TG: 1.6910/ 1.6880 SL 1.6960

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

28Jul

Comex Commodity Trading Signals and Market News – 28 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures were hovering near more than one-month lows on Friday, still weighed by Thursday’s report showing that the number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since February 2006. On the Comex division of the NewYork Mercantile Exchange, gold for August delivery traded at $1,293.20 a troy ounce during European afternoon trade, adding 0.19%.The August contract settled 1.07% lower on Thursday to end at $1,290.8 a troy ounce.Gold futures were likely to find support at $1,376.20 an ounce, the low from June 19 and resistance at $1,311.80, the high from July 23.

Crude futures moved lower in whipsaw trading on Friday, with upbeat U.S. data supporting the commodity with supply concerns pushing it back down. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.08% at $101.99a barrel during U.S. trading. New York-traded oil futures hit a session low of $101.01 a barrel and a high of $102.53 a barrel. The September contract settled down 1.02% at $102.07 a barrel on Thursday.Nymex oil futures were likely to find support at $101.01 a barrel, the earlier low, and resistance at $103.45 a barrel, Tuesday’s high.

Natural gas futures dropped but remained range bound on Friday after updated weather-forecasting models called for mild temperatures to hover over portions of the heavily populated eastern half of the U.S. in the coming days On the New York Mercantile Exchange, naturalgas futures for delivery in August traded at $3.782 per million British thermal units during U.S. trading, down 1.70%. The commodity hit a session high of $3.861 and a low of $3.765. The August contract settled up 2.26% on Thursday to end at $3.847 per million British thermal units. Natural gas futures were likely to find support at $3.744 per million British thermal units, Thursday’s low, and resistance at $3.886, Thursday’s high.

Crude oil futures edged lower on Friday, as Thursday’s disappointing U.S. home sales data continued to weigh and investors continued to focus on developments in Ukraine and the Middle East. On the New York Mercantile Exchange, U.S. crude oil for delivery in September traded at $101.95 a barrel during European morning trade, down 0.12%.Prices tumbled 1.02% on Thursday to settle at $102.07. Futures were likely to find support at $100.61 a barrel, the low from July 17 and resistance at $103.31, Thursday’s high.The U.S. Census Bureau said on Thursday that new home sales dropped by 8.1% to 406,000 units last month, far worse than expectations for a 5.3% decline.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1314 TG 1320,1330 SL 1308
  • SELL GOLD COMEX BELOW 1308 TG 1302,1292 SL 1314

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

28Jul
forex-trading3

IForex Market Trading Signals and News of 28 July 2014

TRADING TIPS :

  • Forex – EUR/USD remains near 8-month lows
  • Forex – GBP/USD dips on upbeat U.S. durable goods data

EUR/USD
The euro remained near eight-month lows against the U.S. dollar on Friday, as growing optimism over the strength of the U.S. economic recovery supported the greenback, while poor German business climate data still pressured the single currency lower. A better-than-expected uptick in demand for durable goods in the U.S. sent the dollar firming against the euro on Friday.

GBP/USD
The pound fell against a firming dollar Friday after data revealed demand for long-lasting goods and appliance was on the rise in the U.S. last month. The data came a day after the U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending July 19 declined by 19,000 to 284,000, defying market forecasts for claims to rise by 5,000. Elsewhere, sterling was up against the euro, with EUR/GBP down 0.15% at 0.7914, and down against the yen, with GBP/JPY down 0.10% at 172.77.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6980- TG: 1.7000/ 1.7030 SL 1.6950
2. Sell GBP/USD Below 1.6963- TG: 1.6943/ 1.6913 SL 1.6993

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

28Jul
sgx 28 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 28 July 2014

MARKET UPDATES :

  • SINGAPORE’S Land Transport Authority (LTA) has awarded the last three of 25 major civil contracts for Thomson Line’s Orchard, Marina South and Gardens by the Bay stations and tunnels at S$1.32 billion.With the award of these three civil contracts, LTA has awarded all the 25 major civil contracts for Thomson Line at a total cost of about S$7.77 billion
  • Temasek Holdings said on Friday it had sold all of its remaining shares in New China Life Insurance (NCI), on the back of a 27 per cent rally in the stock over the past year. Temasek sold 78 million shares in NCI, China’s third-largest life insurer at HK$27.45 each raising HK$2.14 billion (US$276 million), after offering the stock in a HK$27.30 to HK$27.85 per share indicative range,
  • SINGAPORE’S factory output staged a small recovery in June, growing 0.4 per cent year-on- year.This came after a revised 1.9 per cent drop in May, the first decline since June 2013.The electronics cluster, which has the biggest weightage of 33.4 per cent on the industrial production index, continued to fall last month, posting a 4.8 per cent drop,

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.620 TG 2.660, 2.700, 2.760 SL 2.560

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

25Jul

Comex Commodity Trading Signals and Market News – 25 July 2014

INTERNATIONAL COMMODITY NEWS :

• On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,292.60 a troy ounce, up 0.14%, after hitting an overnight session low of $1,288.00 and off a high of $1,305.60.The U.S. believes Russia is firing artillery across its border at Ukrainian military positions, the State Department said on Thursday, an assertion that Moscow is playing a more direct role in the Ukrainian conflict.The latest accusations show U.S. officials raising pressure on Moscow and more closely examining Russian activities near the rebel-held portions of eastern Ukraine since the downing of Malaysia Airlines Flight 17, which Washington blames on pro-Russian separatist fighters.

• The U.S. believes Russia is firing artillery across its border at Ukrainian military positions, the State Department said on Thursday, an assertion that Moscow is playing a more direct role in the Ukrainian conflict.The latest accusations show U.S. officials raising pressure on Moscow and more closely examining Russian activities near the rebel-held portions of eastern Ukraine since the downing of Malaysia Airlines Flight 17, which Washington blames on pro-Russian separatist fighters

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.92% at $102.17 a barrel during U.S. trading. New York-traded oil futures hit a session low of $102.08 a barrel and a high of $103.31 a barrel.The September contract settled up 0.71% at $103.12 a barrel on Wednesday.

Nymex oil futures were likely to find support at $101.19 a barrel, Tuesday’s low, and resistance at $103.45 a barrel, Tuesday’s high.The U.S. Census Bureau reported earlier new home sales dropped by 8.1% to 406,000 units last month, far worse than expectations for a 5.3% decline.

• Analysts had expected jobless claims to rise by 5,000 to 308,000 last week, and the positive numbers fueled speculation that the Federal Reserve may hike interest rates sooner than markets once anticipated. hile the Fed is seen closing its monthly bond-buying stimulus program likely in October, uncertainty as to how much time will pass from that point until rate hikes begin makes both gold and the dollar move on both positive and negative indicators.Loose monetary policies such as rock-bottom interest rates and three rounds of Fed asset purchases have elevated gold prices since the 2008 financial crisis.Separately, the Census Bureau reported that U.S. new home sales dropped by 8.1% to 406,000 units last month, worse than expectations for a decline of 5.3%, pointing to underlying weakness in the housing sector.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1287 TG 1281,1270 SL 1295
  • BUY GOLD COMEX ABOVE 1296 TG 1301,1310 SL 1288

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

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