Daily Archives: August 21, 2014

21Aug
Forex Signals

IForex Market Trading Signals and News of 21st August 2014

TRADING TIPS :

  • Forex – Kiwi hits 5-month lows vs. broadly stronger greenback
  • Forex- Bitcoin prices stabilize after extreme volatility
  • Forex- GBP/USD rises on BoE meeting minutes

USD/JPY
USD/JPY hit 103.34 during late European morning trade, the pair’s highest since April 7; the pair subsequently consolidated at 103.26, rising 0.34%.The pair was likely to find support at 102.52, Tuesday’s low and resistance at 103.39.Demand for the dollar remained supported after data on Wednesday showed that U.S. housing starts jumped 15.7% in July, while the number of new permits granted to home-builders also accelerated, pointing to underlying strength in the housing sector.The data offset a report showing that U.S. consumer prices rose just 0.1% in July.

AUD/USD
USD/CAD was flat at 1.0942, off session highs of 1.0938.The pair was likely to find support at around 1.0920 and resistance at about the 1.0985 level.The Canadian dollar firmed up after Statistics Canada reported that wholesale sales rose 0.6% to C$53.0 billion in June. Economists had forecast an increase of 1.3%.Wholesale sales for May were revised up to 2.3% from a previously reported gain of 2.2%. Demand for the greenback continued to be underpinned after recent reports indicated that the economic recovery is on track.Data on Tuesday showed that U.S. housing starts jumped 15.7% in July, while the number of new permits granted to home-builders also accelerated.

RECOMMENDATION :

1. Buy USD/JPY Above 103.47 -TG:103.67/102.97 SL 103.17
2. Sell USD/JPY Below 102.78 -TG: 102.58/102.28 SL 103.08

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21Aug

Comex Commodity Trading Signals and Market News – 21st August 2014

INTERNATIONAL COMMODITY NEWS :

Copper and gold prices dipped smartly in Asia on Thursday after a preliminary survey of China manufactuing dropped sharply. The HSBC China August flash manufacturing PMI fell to 50.3, compared to a July figure that came in at 51.7 for the final. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,290.80 a troy ounce, down 0.34%, after hitting an overnight session low of $1,288.90 and off a high of $1,298.90. Silver for September delivery was down 0.23% at $19.453 a troy ounce. Copper futures for September delivery were down 0.40% at $3.157 a pound, after the closely watched for demand by the world’s top importer of copper.

• Oil prices rose on Wednesday after a weekly U.S. supply report revealed that inventories dropped more than expected.In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 0.47% at $93.30 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.74 a barrel and a high of $93.57 a barrel. The U.S.Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 4.5 million barrels in the week ended Aug. 15, far surpassing expectations for a decline of 1.2 million barrels.

• Profit taking sent natural gas prices falling on Wednesday after investors locked in gains stemming from warm U.S. weather forecasts and sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.800 per million British thermal units during U.S. trading, down 1.99%. The commodity hit a session low of $3.794, and a high of $3.887. The September contract settled up 2.24% on Monday to end at $3.877 per million British thermal units.

Gold prices traded lower on Wednesday after the Federal Reserve’s July policy meeting minutes revealed that rate hikes could come sooner rather than later if the job market continues to improve. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,290.10 a troy ounce during U.S. trading, down 0.51%, up from a session low of $1,288.90 and off a high of $1,298.90.The December contract settled down 0.20% at $1,296.70 on Tuesday.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1294 TGT 1298,1303 SL 1288
  • SELL GOLD COMEX BELOW 1282 TGT 1278,1273 SL 1287

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21Aug
sgx 21 Aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –21st August 2014

MARKET UPDATES :

  • STARHUB has launched on Wednesday a new cloud marketplace, ‘SmartBusiness’, for small and medium sized businesses (SMBs) to buy software and services such as Microsoft Office 365 and McAfee Endpoint Protection.
  • OCBC Investment Research on Wednesday upgraded KS Energy to a “buy” and pegged the fair value at S$0.58 a share. “The firm is still finding its footing in terms of earnings, but given that KS Energy is now trading at 0.64x P/B (Price to Book), we are seeing value in the stock,” OCBC said in a research note.
  • XMH Holdings, a diesel engine provider for the marine and industrial sectors, on Wednesday said it has inked a memorandum of understanding (MOU) for an 80 per cent stake in Singapore’s Z-Power Automation for S$13.2 million.

STOCK RECOMMENDATION :

  • BUY COMFOTDELGRO LTD ABOVE 2.560 TG 2.600, 2.640, 2.700 SL 2.500

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