Daily Archives: August 18, 2014

18Aug

Comex Commodity Trading Signals and Market News – 18th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell on Friday due to weak demand in Asia, though escalating tensions in Ukraine brought the yellow metal off session lows. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,304.70 a troy ounce during U.S. trading, down 0.84%, up from a session low of $1,293.80 and off a high of $1,316.40. Futures were likely to find support at $1,283.30 a troy ounce, the low from Aug. 5, and resistance at $1,321.80, Thursday’s high. Gold has served as a hedge to geopolitical pressures in recent sessions, though weak Asian demand kept the precious metal in negative territory despite soft data in the U.S., which normally supports the asset.

• Oil prices spiked on Friday on news of escalating tensions in Ukraine, which offset a mixed bag of data out of the U.S. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded up 1.43% at $96.95 a barrel during U.S. trading. New York-traded oil futures hit a session low of $95.33 a barrel and a high of $97.16 a barrel. Nymex oil futures were likely to find support at $95.26 a barrel, Thursday’s low, and resistance at $98.58 a barrel, Monday’s high.News that Ukrainian troops destroyed a portion of a Russian column of armored vehicles inside Ukraine sent oil prices spiking on fears the conflict will escalate and disrupt crude shipments out of Russia.

• Profit taking sent natural gas futures falling on Friday, fueled by weather reports calling for a break in a U.S. heat wave. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.771 per million British thermal units during U.S. trading, down 3.46%. The commodity hit a session low of $3.765, and a high of $3.901. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ending Aug. 8 rose by 78 billion cubic feet, below expectations for an increase of 83 billion cubic feet.

TRADING STRATEGY :

  • SELL GOLD BELOW 1300 TG 1294,1284 SL 1310
  • BUY GOLD 1311 TG 1317,1327 SL 1301

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

18Aug
forex-trading3

IForex Market Trading Signals and News of 18th August 2014

TRADING TIPS :

  • Forex – Dollar falls on U.S. data, escalating Ukraine conflict
  • Forex – USD/JPY drops on U.S. data, escalating Ukraine conflict
  • Forex – EUR/USD gains on soft U.S. data, Ukraine events

EUR/USD
In U.S. trading on Friday, EUR/USD was up 0.24% at 1.3398. A double-shot of mixed data and geopolitical concerns took its toll on the dollar on Friday. The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month, and the disappointing figure weakened the U.S. Currency. Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month from 25.60 in July, worse than expectations for a decline to 20.0.

USD/JPY
In U.S. trading, USD/JPY was down 0.13% and trading at 102.32, up from a session low of 102.14 and off a high of 102.71.The pair was expected to test support at 101.51, the low from Aug. 8, and resistance at 102.71, the session high. The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month, and the disappointing figure weakened the dollar. Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month from 25.60 in July, worse than expectations for a decline to 20.0.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6700- TG: 1.6720/ 1.6750 SL 1.6670
2. Sell GBP/USD Below 1.6680- TG: 1.6660/ 1.6630 SL 1.6710

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

18Aug
sgx 18 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –18th August 2014

MARKET UPDATES :

  • UNITED Overseas Bank’s chairman, Hsieh Fu Hua, has been appointed the independent chairman of risk solutions group, ACR Capital Holdings.Mr Hsieh, who is also a director of GIC, replaces Thaddeus Beczak who has stepped down after leading the board since ACR’s founding in 2006
  • INDONESIA’S second-biggest agricultural company Japfa opened firmer as it made its debut on Singapore Exchange (SGX) on Friday morning, opening at 84 Singapore cents – up from its initial public offering (IPO) price of 80 Singapore cents – and climbing to 86.5 Singapore cents during morning trading.
  • Singapore sovereign wealth fund GIC said on Friday it has acquired an 18.5 per cent stake in Brazilian education services company Abril Educacao SA .GIC did not say how much it paid for the stake in Abril, a leading player in Brazil’s primary and secondary education market. Based on Abril’s latest closing share price, the stake is worth about US$265 million.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION LIMITED ABOVE 3.920 TG 4.120,4.300 SL 3.780

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

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