Daily Archives: August 14, 2014


Comex Commodity Trading Signals and Market News – 14th August 2014


Gold prices eased in Asia on Thursday led by profit-taking after gains overnight on bearish U.S> retail sales data. On the Comex division of the New York Mercantile Exchange,gold futures for December delivery traded at $1,313.00 a troy ounce,down 0.11%, after hitting an overnight session low of $1,306.10 and off a high of $1,316.20. Overnight, gold prices spiked after U.S. retail sales figures disappointed markets, which reminded investors the Federal Reserve won’t rush to tighten monetary policy. Core retail sales, which exclude auto sales, rose just 0.1% in July, below expectations for a 0.4% gain.

Crude prices fell in Asia on Thursday, continuing overnight declines on a bearish U.S. stocks report and a lack of fresh geopolitical drivers. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded at $97.40 a barrel, down 0.20%, after hitting an overnight session low of $96.76 a barrel and a high of $97.64 a barrel.The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 1.4 million barrels in the week ended Aug. 8, confounding expectations for a decline of 2.0 million barrels.

Brent oil futures tumbled to a 13-month low on Wednesday, as global supplies were seen as ample despite ongoing violence in Ukraine and the Middle East. On the ICE Futures Exchange in London, Brent oil for September delivery fell 0.36%, or 37 cents, to trade at $102.65 a barrel during European morning hours. The September Brent contract hit a session low of $102.37 earlier, the weakest level since July 1, 2013.

Copper futures fell to a seven-week low on Wednesday, after disappointing Chinese economic data fuelled concerns over the health of the world’s second largest economy. On the Comex division of the New York Mercantile Exchange, copper for September delivery declined 0.51%, or 1.6 cents, to trade at $3.139 a pound during European morning hours. Prices fell to a session low of $3.134 a pound earlier, the weakest level since June 25. A day earlier, copper futures lost 0.63%, or 2.0 cents, to settle at $3.154 a pound.


  • BUY GOLD ABOVE 1318 TG 1326,1336 SL 1308
  • SELL GOLD BELOW 1308 TG 1302,1292 SL 1318

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Forex Signals

IForex Market Trading Signals and News of 14th August 2014


  • Forex – Euro steady close to 9-month lows vs. dollar
  • Forex – Sterling falls to 10-week lows vs. dollar
  • Forex – Pound edges lower after UK jobs report, BoE ahead

EUR/USD was at 1.3371, not far from the nine-month lows of 1.3332 reached a week ago.The pair was likely to find support at 1.3332 and resistance at 1.3400.The euro fell to lows of 1.3335 on Tuesday after a report showed that investor confidence in Germany, the euro zone’s largest economy, slumped to the lowest level since December 2012 this month. The ZEW Centre for Economic Research reported that its index of German economic sentiment dropped to 8.6 this month, down from 27.1 in July, due to the impact of ongoing geopolitical tensions.

GBP/USD dipped 0.04% to 1.6803 from around 1.6819 ahead of the employment report.Cable was likely to find support at 1.6755, Tuesday’s low and a two-month trough and resistance at 1.6840.The Office of National Statistics reported that average earnings, excluding bonuses, rose by just 0.6% in the three months to June. Including bonuses, pay packets contracted by 0.2% during the quarter, the first decrease since 2009. Pay growth is continuing to lag inflation which came in at 1.9% in June. The Bank of England has indicated that concerns over weak wage growth are an important factor in the debate on when to start hiking borrowing costs.


1. Buy EUR/USD Above 1.3370: TG: 1.3390/1.3420 SL 1.3340
2. Sell EUR/USD Below 1.3355 TG: 1.3335/1.3305 SL 1.3385

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sgx 14 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –14th August 2014


  • YING Li International Real Estate swung into the black with a net profit of 13.98 million yuan (S$2.84 million) for the second quarter ended June 30, 2014, versus a loss of 17.19 million yuan in Q2 2013.Revenue surged 175.5 per cent year on year to 246.33 million yuan, boosted by revenue recognition from the handover of residential units in the Ying Li International Plaza project.
  • NET profit for palm oil producer First Resources dropped 30.8 per cent year on year to US$26.09 million in the second quarter ended June 30, 2014, as operating profit fell due to the lower selling prices of crude palm oil and its refined products.Revenue eased 6.3 per cent downwards to US$112.19 million on the back of lower average selling prices, which was partially offset by higher sales volumes from the refinery and processing segment.
  • PALM oil firm Bumitama Agri saw net profit surge 89.6 per cent year on year to 293.34 billion rupiah (S$31.34 million) for the second quarter ended June 30, bolstered by the higher selling price and sales volume of both crude palm oil and palm kernel.Revenue grew 48.7 per cent to 1.46 trillion rupiah due to the same factors.


  • BUY JARDINE STRATEGIC HOLDING ABOVE 35.100 TG 35.300, 35.600, 36.000 SL 34.850

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