Daily Archives: August 19, 2014

19Aug

Comex Commodity Trading Signals and Market News – 19th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to weaker in early Asia on Tuesday as investors focus on U.S. monetary policy prospects that seem favorable for eventual higher interest rates. Investors are watching an annual meeting of top central bank officials and economists in Jackson Hole, Wyoming from August 21 to 23. Gold traders will also pay close attention to the minutes of the Fed’s July policy meeting due to be published on Wednesday for further clues about the timing of future interest rate hikes On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,299.00 a troy ounce, down 0.02%, after hitting an overnight session low of $1,296.70 and off a high of $1,304.80.

• Bargain hunters snapped up nicely-priced natural gas futures on Monday and sent the commodity edging up into positive territory, wiping out losses sustained from recent mild weather forecasts. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.808 per million British thermal units during U.S. trading, up 0.83%. The commodity hit a session low of $3.731, and a high of $3.817.The September contract settled down 3.33% on Friday to end at $3.776 per million British thermal units.

Crude oil prices gained in Asia on Tuesday as investors saw value after recent declines and ahead of industry stocks data in the U.S. later today. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in October traded at $93.94 a barrel, up 0.20%, after hitting an overnight session low of $93.44 a barrel and a high of $95.09 a barrel.On Monday, Brent oil on ICE Futures Europe fell 1.9% to $101.60 a barrel, the lowest price since June 25, 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.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1300 TG 1294,1284 SL 1310
  • BUY GOLD COMEX ABOVE 1302 TGT 1306,1311 SL 1296

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19Aug

IForex Market Trading Signals and News of 19th August 2014

TRADING TIPS :

  • Forex – Dollar steady, sterling pushes higher
  • Forex – Pound broadly higher after Carney comments
  • Forex – Euro steady against dollar, yen

USD/CHF
USD/CHF hit 0.9047 during European late morning trade, the session high; the pair subsequently consolidated at 0.9042, rising 0.20%.The pair was likely to find support at 0.8980, the low of July 22 and resistance at 0.9086, the high of August 14.Market participants continued to focus on developments in Ukraine following reports on Friday that the country’s military attacked and destroyed a number of armored vehicles that entered the country from Russia.Investors hoping that a meeting due to take place between Russian and Ukraine’s foreign ministers later in the day would result in a breakthrough to ease geopolitical tensions in the region.

NZD/USD
NZD/USD hit 0.8476 during late Asian trade, the session low; the pair subsequently consolidated at 0.8480, inching down 0.06%.The pair was likely to find support at 0.8420, the low of August 13 and resistance at 0.8531, the high of August 5.Investors remained cautious as tensions over the crisis in Ukraine escalated on Friday following reports that Ukraine’s military attacked and destroyed a number of armored vehicles that entered the country from Russia. The kiwi was little changed against the Australian dollar, with AUD/NZD easing up 0.04%, to 1.0986. Also Monday, official data showed that new motor vehicle sales in Australia dropped 1.3% last month, after a 1.7% increase in June.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9068-TG:0.9078/0.9108 SL 0.9038
2. Sell USD/CHF Below 0.8986-TG:0.8966/0.8936 SL 0.9016

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19Aug
sgx 19 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –19th August 2014

MARKET UPDATES :

  • OCBC on Monday unveiled its long-awaited rights issue, which would back its Wing Hang purchase. Looking at the broader market, there are also fears that the deepening conflict between Ukraine and Russia could dampen sentiment this week.OCBC on Monday announced a S$3.37 billion rights issue, which will go towards funding its acquisition of Hong Kong’s Wing Hang Bank.
  • UPSTREAM oil and gas company KrisEnergy said on Monday it would begin the marketing and sale of a new issuance of notes under its S$500 million medium term note (MTN) programme.The notes will be marketed and sold to institutional and sophisticated investors. The net proceeds from the sale will be used for planned capital
  • THE Monetary Authority of Singapore (MAS) is likely to maintain a modest and gradual appreciation bias of the Sing dollar at its October policy meeting, a BofA Merrill Lynch Global Research note said on Monday.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.650 TG 36.850, 37.150, 37.450 SL 36.350

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