Daily Archives: August 5, 2014

5Aug
Forex Signals

IForex Market Trading Signals and News of 05th August 2014

TRADING TIPS :

  • Forex -Pound steady near 1-1/2 month lows against dollar
  • Forex -Dollar steady against euro, yen
  • Forex -USD/CHF almost unchanged after positive Swiss PMI

NZD/USD
NZD/USD hit 0.8503 during late Asian trade, the session low; the pair subsequently consolidated at 0.8506, sipping 0.09%.The pair was likely to find support at 0.8462, the low of August 1 and resistance at 0.8557, the high of July 29.On Friday, official data showed that the U.S. economy added 209,000 jobs in July, below forecasts for jobs growth of 233,000. The previous month’s figure was revised up to a gain of 298,000 from a previously reported increase of 288,000.A separate report showed that job advertisements in Australia rose 0.3% in July, after a 4.4% increase in May, whose figure was revised up from a previously estimated 4.3% gain.

GBP/USD
GBP/USD was flat at 1.6821, not far from Friday’s lows of 1.6808, the weakest since June 12.Cable is likely to find support at the 1.68 level and resistance at 1.6890, Friday’s high.The U.K. construction purchasing managers’ index slowed to 62.4 from 62.6 in June, but was still slightly ahead of expectations for a reading of 62.0.The overall pace of growth was the fastest since 2007, with housing activity still by far the best performing construction category. Last month’s increase in output was the sharpest for over a decade. Although it was the sixth successive month that the U.S. economy added more than 200,000 jobs,the unemployment rate unexpectedly ticked up to 6.2% from 6.1% in June. In addition, wage growth was flat, pointing to underlying slack in the economy.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8530 TG: 0.8545/ 0.8565 SL 0.8510
2. Sell NZD/USD Below 0.8575 TG: 0.8560/0.840 SL 0.8595

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

5Aug

Comex Commodity Trading Signals and Market News – 05th 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 1298 TG 1304,1314 SL 1288
  • SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289

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

5Aug
sgx 5 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –05th August 2014

MARKET UPDATES :

  • Drilling rig builder Sembcorp Marine Ltd said on Monday its second-quarter net profit rose 5.4 per cent from a year earlier to S$131.6 million (US$105.57 million), helped by stronger performance from its rig building and fixed platform businesses. Sembcorp Marine, in which Singapore’s state investor Temasek Holdings holds more than 60 per cent, said its revenue for the quarter ended June 30 rose 19 per cent to S$1.34 billion.
  • CLAIRE Chiang, senior vice-president of Banyan Tree Holdings, has been appointed the new chairperson of The National Book Development Council of Singapore (NBDCS). She is the first corporate head to helm the council since its establishment in 1969 to promote reading, publishing and library development in Singapore.
  • SHARES of Advance SCT were hit on Monday morning on selling ahead of a huge placement of 1.7 billion new shares which will be listed on Wednesday. Advance SCT was trading at 0.2 cents, down 0.1 cent, or 33 per cent, The group has engaged Lim & Tan Securities to procure the subscription of these new shares, which are being issued at a discount at 0.19 Singapore cents per share.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.610 TG 2.660, 2.710, 2.770 SL 2.550

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