Daily Archives: August 13, 2014

13Aug
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IForex Market Trading Signals and News of 13th August 2014

TRADING TIPS :

  • Forex – Dollar gains as euro nears 9-month lows
  • Forex – Bitcoin extends sell-off after U.S. agency warns of risks
  • Forex – Euro extends losses after German ZEW miss

USD/CHF
USD/CHF hit 0.9101 during European late morning trade, the pair’s highest since August 7; the pair subsequently consolidated at 0.9097, rising 0.33%.The pair was likely to find support at 0.9056, Monday’s low and resistance at 0.9156.Risk sentiment was hit after Iraq on Monday named Haidar al-Abadi as the new prime minister to end the eight-year rule of Nuri al-Maliki, but Maliki has refused to go and deployed special forces in Baghdad. In Ukraine, a Russian convoy of 280 trucks carrying humanitarian aid set off on Tuesday amid Western warnings against using help as a pretext for an invasion.The Swissie was steady against the euro, with EUR/CHF inching up 0.05% to 1.2141.

GBP/USD
GBP/USD hit 1.6757 during European morning trade, the pair’s lowest since June 11; the pair subsequently consolidated at 1.6768, slipping 0.10%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6831, the high of August 8.Investors remained cautious after Iraq on Monday named Haidar al-Abadi as the new prime minister to end the eight-year rule of Nuri al-Maliki, but Maliki has refused to go and deployed special forces in Baghdad. In Ukraine,a Russian convoy of 280 trucks carrying humanitarian aid set off on Tuesday amid Western warnings against using help as a pretext for an invasion.Sterling was higher against the euro, with EUR/GBP falling 0.21% to 0.7957.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9135: TG: 0.9150/0.9170 SL 0.9115
2. Sell USD/CHF Below 0.9076 TG: 0.9061/0.9041 SL 0.9196

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

13Aug

Comex Commodity Trading Signals and Market News – 13th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased slightly in Asia on Wednesday as investors awaited fresh cues on European growth prospects and geopolitical tensions. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,310.00 a troy ounce, down 0.05%, after hitting an overnight session low of $1,306.90 and off a high of $1,318.90.Overnight, gold prices rose albeit in choppy trading after data out of Germany suggested the Russia-Ukraine conflict may be watering down global recovery, which bolstered the precious metal’s safe-haven appeal.

Crude oil prices fell in Asia Wednesday after an industry group said U.S. crude stocks rose last week. The American Petroleum Institute reported that U.S. crude stocks rose by 2 million barrels, while distilaltes fell 2.6 million barrels and gasoline supplies gained 2.7 million barrels. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded at $97.22 a barrel, down 0.15%, after hitting an overnight session low of $96.87 a barrel and a high of $97.94 a barrel.

Natural gas futures rose on Tuesday as investors bet a heat wave making its way across the eastern U.S. will prompt households to ramp up their air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $4.002 per million British thermal units during U.S. trading, up 0.92%. The commodity hit a session low of $3.960, and a high of $4.020.

Brent oil futures sank to a nine-month low on Tuesday, as global supplies were seen as ample despite ongoing violence in Ukraine and Iraq. On the ICE Futures Exchange in London, Brent oil for September delivery tumbled 1.01%, or $1.06, to trade at $103.62 a barrel during U.S. morning hours.

Copper futures fell to a seven-week low before turning higher on Tuesday, as investors were cautious ahead of key economic data out of China, while geopolitical developments in Ukraine, Iraq and Gaza remained in focus. On the Comex division of the New York Mercantile Exchange, copper for September delivery tacked on 0.28%, or 0.9 cents, to trade at $3.183 a pound during European morning hours.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1312 TG 1318,1328 SL 1302
  • SELL GOLD BELOW 1304 TG 1294,1284 SL 1314

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13Aug
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Financial Sgx Singapore Stock Market Trading Picks And News –13th August 2014

MARKET UPDATES :

  • LED by International Enterprise (IE) Singapore and the Singaporean-German Chamber of Industry and Commerce, 10 Singapore technology SMEs (small and medium-sized enterprises) will showcase their products to prospective partners at the upcoming IFA 2014.
  • SBS Transit’s second quarter net profit rose 57.2 per cent to S$4.96 million, up from S$3.16 million a year ago. Revenue rose 12.3 per cent, from $209.34 million to S$235.13 million. Revenue from the bus segment was 10.3 per cent higher at S$186.3 million, compared with S$168.9 million previously, as a result of an increase in average daily ridership, average fares and other operating income.
  • THE Singapore economy grew 2.4 per cent in the second quarter of 2014; above the government’s July estimate of 2.1 per cent, but slower than Q1’s growth of 4.8 per cent. This was largely due to a sharp slowdown in the manufacturing sector, although expansion in the services and construction sectors moderated as well.
  • SINCAP Group has entered into a term sheet to acquire investment holding firm LTN Land for S$38.5 million.Sincap’s group chief executive Ng Hong Wheel owns an 18 per cent stake in LTN Land.

STOCK RECOMMENDATION :

  • BUY DBS GROUP ABOVE 18.100 TG 18.200,18.300,18450 SL 19.950

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