Daily Archives: August 4, 2014

4Aug

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

INTERNATIONAL COMMODITY NEWS :

Gold futures edged up on Friday, but still remained within close distance of six-week lows as Thursday’s data showing that U.S. unemployment benefits remained near a post-recession bottom last week continued to weigh. On the Comex division of the New York Mercantile Exchange,gold for December delivery traded at $1,285.40 a troy ounce during European morning trade, adding 0.20%.The December contract settled 1.09% lower on Thursday to end at $1,282.8 a troy ounce. Gold futures were likely to find support at $1,276.20 an ounce, the low from June 19 and resistance at $1,298.80, Thursday’s high. On Thursday, the U.S. Department of Labor said that the number of individuals filing for initial jobless benefits increased by 23,000 last week to 302,000 from the previous week’s total of 279,000, which was the lowest in 14 years.

Crude oil futures dropped to five-month lows on Friday, as Thursday’s downbeat manufacturing data from Chicago coupled with tepid manufacturing reports from China weighed on the commodity, while markets eyed upcoming U.S. data On the New York Mercantile Exchange, U.S. crude oil for delivery in September traded at $97.36 a barrel during European afternoon trade, down 0.83%.Prices tumbled 1.02% on Thursday to settle at $102.07. futures were likely to find support at $96.26 a barrel and resistance at $99.85, Thursday’s high.Oil prices came under pressure after Market research group Kings bury International on Thursday said that its Chicago purchasing managers’ index fell by 10.0 points to 52.6 in July from a reading of 62.6 in June. Analysts had expected the index to decline to 63.0 in July.

Oil prices dropped on Friday after Chinese manufacturing and U.S. employment gauges missed expectations and fueled concerns over the strength of global economic recovery. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.69% at $97.49 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.10 a barrel and a high of $98.09 a barrel.The September contract settled down 2.09% at $98.17 a barrel on Thursday. Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, Monday’s high.

Natural gas futures fell on Friday after investors locked in gains stemming from Thursday’s bullish supply report and sold the commodity for profits. .On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.802 per million British thermal units during U.S. trading, down 1.03%. The commodity hit a session low of $3.782, and a high of $3.875. The September contract settled up 1.45% on Thursday to end at $3.841 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 $3.890, Thursday’s high.The U.S. Energy Information.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1302 TG 1308,1318 SL 1294
  • SELL GOLD COMEX BELOW 1286 TG 1280,1270 SL 1294

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

4Aug
forex-trading3

IForex Market Trading Signals and News of 04th August 2014

TRADING TIPS :

  • Forex -Dollar weakens on soft U.S. July jobs report
  • Forex -Japanese yen weaker in Asia as regional data mixed
  • Forex -Dollar broadly higher vs. rivals ahead of U.S. jobs data

GBP/USD
GBP/USD hit 1.6840 during European morning trade, the pair’s lowest since June 12; the pair subsequently consolidated at 1.6850, shedding 0.21%.Cable was likely to find support at 1.6790, the low of June 12 and resistance at 1.6927, Thursday’s high.Markit research group said the U.K. manufacturing purchasing managers’ index fell to 55.4 last month, from a reading of 57.5 in June. Analysts had expected the index to slip to 57.2 in July.Meanwhile, demand for the dollar remained supported after the Labor Department on Thursday reported that the U.S. employment cost index rose by 0.7% in the seconf quarter, progressing at the fastest rate since September 2008, after a 0.3% increase in the first quarter.

EUR/USD
In U.S. trading, EUR/USD was up 0.30% at 1.3431, up from a session low of 1.3378 and off a high of 1.3445. The pair was likely to find support at 1.3367, Wednesday’s low, and resistance at 1.3445, the session high. The Labor Department reported earlier that the U.S. economy added 209,000 jobs in July, missing expectations for an increase of 233,000. The number of jobs added in June was revised up to a 298,000 gain from a previously estimated rise of 288,000.The report also showed that the U.S. unemployment rate ticked up to 6.2% last month from 6.1% in June. Analysts had expected the rate to remain unchanged in July.While the economy is improving, the Fed noted in its July statement on interest rates this week that slackness remains in the labor market.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6870 TG: 1.6885/ 1.6905 SL 1.6850
2. Sell GBP/USD Below 1.6810- TG: 1.6795/1.6775 SL 1.6830

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

4Aug
sgx 4 aug 2014

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

MARKET UPDATES :

  • The Monetary Authority of Singapore (MAS) has sought information from some Singapore-based lenders about their Chinese clients and loan exposure to China amid an investigation into a suspected commodity financing fraud at China’s Qingdao port. The regulator sent a questionnaire to a number of banks in mid-July requesting data on their total China exposure by purpose and trade finance exposure, according to five Singapore-based banking sources. Lenders were also asked for details of their import and export commodities exposure.
  • THE Singapore Mediation Centre (SMC) says more businesses are turning to mediation to settle commercial disputes in place of costlier lawsuits. To cater to the increase in demand and to provide greater access to mediators, the SMC on Friday said they now have a panel of 60 mediators who specialise in 10 areas including healthcare and shipping.
  • P2i, a technology spin-off from Britain’s Ministry of Defence, is looking to raise as much as 10 million pounds (US$17 million) from Singapore investors as it readies the launch of its “Dunkable” or waterproof technology for smartphones and tablets. The fundraising by the nanotechnology company follows an expanding list of overseas firms tapping Singapore’s pool of high net worth individuals.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.990 TG 7.060, 7.130, 7.220 SL 6.900

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

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