Daily Archives: August 12, 2014

12Aug

Comex Commodity Trading Signals and Market News – 12th August 2014

INTERNATIONAL COMMODITY NEWS :

• U.S. natural gas futures rallied more than 2% on Friday, as weather patterns called for warmer summer temperatures across much of the U.S. later this week. On the New York Mercantile Exchange, natural gas for delivery in September hit a daily high of $3.975 per million British thermal units, before settling at $3.962 by close of trade, up 2.22%, or 8.6 cents. Demand for natural gas tends to fluctuate in the summer based on hot weather and air conditioning use.

Crude oil futures swung between small gains and losses on Monday, as traders awaited new developments from Ukraine and the Middle East. On the ICE Futures Exchange in London, Brent oil for October delivery dipped 0.09%, or 10 cents, to trade at $105.53 a barrel during European morning hours Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in September inched up 0.09%, or 9 cents, to trade at $97.74 a barrel.Fighting between Ukraine security forces and pro-Russia rebels continued in eastern Ukraine over the weekend, as Ukraine dismissed the insurgents’ offer of a ceasefire.

Copper futures edged higher on Monday, as investors digested Chinese inflation data released over the weekend. On the Comex division of the New York Mercantile Exchange, copper for September delivery tacked on 0.18%, or 0.6 cents, to trade at $3.179 a pound during European morning hours. Copper prices have been on a downward trend in recent sessions amid indications of a slowdown in demand from China, the world’s largest consumer of the red metal. Official trade data released Friday showed that China’s copper arrivals fell 2.9% month-on-month in July, declining for a third straight month.

Gold futures edged modestly lower on Monday, as market players continued to monitor geopolitical developments from Ukraine and the Middle East. On the Comex division of the New York Mercantile Exchange, gold for December delivery dipped 0.15%, or $2.00, to trade at $1,309.00 a troy ounce during European morning hours. Gold prices eased in Asia on Monday on profit taking, but remain well supported on prospects for volatility linked to events in the Middle East and Russia. On the Comex division of the New York Mercantile Exchange, gold for December delivery eased to $1,309.70 a troy ounce, down 0.10%, after settling last week at $1,311.00 by close of trade, down 0.11%, or $1.50.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1314 TG 1320,1330 SL 1304
  • SELL GOLD BELOW 1304 TG 1298,1288 SL 1313

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12Aug
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IForex Market Trading Signals and News of 12th August 2014

TRADING TIPS :

  • Forex – Dollar edges higher vs. yen as geopolitical tensions ease
  • Forex – NZD/USD steady, market sentiment recovers
  • Forex – Bitcoin holds steady in lackluster trade

USD/CHF
USD/CHF hit 0.9066 during European late morning trade, the session high; the pair subsequently consolidated 0.9062, adding 0.10%.The pair was likely to find support at 0.9018, the low of July 25 and resistance at 0.9098, the high of August 8.Official data showed that Swiss retail sales rose 3.4% in June compared to a year earlier, beating expectations for a 0.3% gain. May’s figure was revised to a 0.5% fall from a previously estimated 0.6% decline. Market sentiment improved on Monday following reports Russia ended military exercises it was holding close to the border with Ukraine, but investors were continuing to monitor developments in the region closely.

GBP/USD
GBP/USD hit 1.6795 during European morning trade, the session high; the pair subsequently consolidated at 1.6792,edging up 0.11%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6831, Friday’s high. Market sentiment improved on Monday following reports Russia ended military exercises it was holding close to the border with Ukraine, but investors were continuing to monitor developments in the region closely.News of a fresh 72-hour ceasefire between Israel and Hamas in Gaza which came into effect on Sunday also eased concerns over geopolitical instability in the Middle East. Separately,demand for the safe-haven dollar had weakened on Friday after the U.S. launched airstrikes in Iraq.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9080: TG: 0.9095/0.9115 SL 0.9060
2. Sell USD/CHF Below 0.9008 TG: 0.8993/0.8973 SL 0.9028

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12Aug
sgx 12 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –12th August 2014

MARKET UPDATES :

  • GLOBAL Logistic Properties Limited (GLP) said it will sell nine properties in Japan to associate GLP J-Reit for 53.8 billion yen (S$659 million).These properties comprise a total gross floor area of 237,000 square metres.GLP, the property and asset manager of J-Reit, said it plans to recycle the sales proceeds to retain its 15 per cent stake in J-Reit and in developments in China, Japan and Brazil.
  • FOOD and beverage (F&B) firm Super Group reported a 59 per cent slump in net profit to S$15.04 million for the second quarter ended June 30, 2014, compared to a year ago when there was a S$17.1 million boost from the sale of an associate.
  • GOLD mining company CNMC Goldmine Holdings reported a net profit of US$4.44 million for the second quarter ended June 30, 2014, up from US$26,180, bolstered by a record fine gold production volume. Revenue shot up by over 272 per cent year on year to US$8.27 million as the significant increase in the production and sales volume of fine gold in Q2FY14 offset the lower average realised gold price. Earnings per share jumped to 1.09 US cent, up from 0.01 US cent previously.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.500 TG 2.530, 2.600, 2.660 SL 2.460

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