Daily Archives: August 1, 2014

Forex Signals

IForex Market Trading Signals and News of 01st August 2014


  • Forex -Euro steady against dollar, yen after CPI, jobs reports
  • Forex -Forex – Pound hits fresh 1-1/2 month lows vs. stronger dollar
  • Forex -Bitcoin rises for first time in 6 days after hitting 1-month low

AUD/USD hit 0.9307 during early European trade, the session low; the pair subsequently consolidated at 0.9318, slipping 0.13%.The pair was likely to find support at 0.9258, the low of June 5 and resistance at 0.9388, Wednesday’s high.Official data showed that building approvals in Australia dropped 5.0% last month, compared to expectations for a 2.0% decline. Building approvals for May were revised to an increase of 10.3% from a previously estimated 9.9% rise.A separate report showed that Australia’s import prices fell 3.0% in the second quarter, after a 3.2% rise in the three months to April. Analysts had expected import prices to drop 1.3% in the last quarter

In U.S. trading, EUR/USD was down 0.23% at 1.3378, up from a session low of 1.3367 and off a high of 1.3416. The pair was likely to find support at 1.3318, the low from Nov. 8, and resistance at 1.3444, Tuesday’s high. The Commerce Department reported earlier that gross domestic product expanded at an annual rate of 4.0% in the three months to June, blowing past forecasts for a 3.0% reading. The contraction in the first quarter was revised to 2.1% from a previously reported 2.9%.Personal consumption grew 2.5%, well above predictions of 1.9%, the report said, adding to the view that the economic recovery is gaining traction.Investors kept an eye towards the Federal Reserve, which was due to release its statement on interest rates and monetary policy later in the day.


1. Buy AUD/USD Above 0.9357 TG: 0.9377/ 0.9407 SL 0.9327
2. Sell AUD/USD Below 0.9271- TG: 0.9251/0.9221 SL 0.9301

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Comex Commodity Trading Signals and Market News – 01st August 2014


• On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,284.20 a troy ounce during U.S. trading, down 0.98%, up from a session low of $1,282.10 and off a high of $1,298.60. The December contract settled down 0.28% at $1,296.90 on Wednesday.Futures were likely to find support at $1,258.00 a troy ounce, the low from June 17, and resistance at $1,314.60, Monday’s high.The Labor Department on Friday will release its July non farm payrolls report, and consensus forecasts see the U.S. economy picking up 233,000 new jobs.Even if the figure comes in below that number, a reading over 200,000 would represent six straight months of beating that threshold, a sign the labor market is improving even if it’s still a little slack.

• On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.885per million British thermal units during U.S. trading, up 2.60%. The commodity hit a session low of $3.761. and a high of $3.889. The September contract settled down 0.99% on Wednesday to end at $3.786 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 $3.892, the high from July 24.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended July 25 rose by 88 billion cubic feet, below expectations for an increase of 93 billion cubic feet.

• In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 2.28% at $97.99 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.96 a barrel and a high of $99.84 a barrel.The September contract settled down 0.69% at $100.27 a barrel on Wednesday Nymex oil futures were likely to find support at $97.37 a barrel, the low from March 17, and resistance at $102.10 a barrel, Monday’s high.OPEC countries pumped more oil in July than in June, according to Reuters data, which sent oil futures dropping on fears the world is awash in crude.


  • BUY GOLD COMEX ABOVE 1290 TG 1296,1306 SL 1281
  • SELL GOLD COMEX BELOW 1280 TG 1274,1264 SL 1290

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sgx 1 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –01st August 2014


  • MILLENNIUM & Copthorne Hotels Plc, the hospitality arm of Singapore-listed City Developments, reported on Thursday weaker bottomline for the second quarter of 2014, prompting management’s note of cautious optimism for the full year.Net profit for the second quarter was 24 million pounds compared to a restated 33.2 million pounds a year ago.Earnings per share were 7.4 pence, compared to 10.2 pence per share a year ago.
  • BUSINESS leaders expect to increase their headcount in the next six months, according to Robert Half’s Employment Report.The report found that for business leaders in the banking or financial services sector, 49 per cent plan to add new permanent staff, with 41 per cent maintaining current levels Another 7 per cent are freezing all new hires while only 3 per cent plan to reduce headcount.
  • SINGAPORE’S services sector is now more optimistic about business prospects in the next six months, compared to sentiment a quarter ago.The Department of Statistics (DoS) said on Thursday that a weighted 21 per cent of services firms polled between June and mid-July expect the business to improve the second half of the year, up from 15 per cent of those polled in April.


  • BUY CAPITALAND LTD ABOVE 3.480 TG 3.530, 3.580,3.650 SL 3.400

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