Daily Archives: August 22, 2014

22Aug

Comex Commodity Trading Signals and Market News – 22nd August 2014

INTERNATIONAL COMMODITY NEWS :

Crude oil prices slipped in Asia on Friday ahead of a speech by Fed Chair Janet Yellen expected to set the tone for markets. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded at $93.90 a barrel, down 0.07%, after hitting an overnight session low of $92.63 a barrel and a high of $94.44 a barrel. Brent oil rose to $102.71 a barrel, up 0.42%, on Thursday.

• A bearish weekly U.S. supply report sent natural gas future falling on Thursday though prices jumped back into positive territory in choppy trading as investors digested weather reports over the lower 48 U.S. states as well as in the tropical Atlantic Ocean. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.857 per million British thermal units during U.S. trading, up 0.89%. The commodity hit a session low of $3.790, and a high of $3.955.The September contract settled down 1.39% on Wednesday to end at $3.823 per million British thermal units.Natural gas futures were likely to find support at $3.790 per million British thermal units, the session low, and resistance at $4.020, the high from Aug. 12

Gold prices rebounded in Asia early Friday on bargain hunting. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,278.60 a troy ounce, up 0.25%, after hitting an overnight session low of $1,274.20 and off a high of $1,292.90. Many investors bet Fed Chair Janet Yellen will provide dovish words in a Jackson Hole speech on Friday to complement the hawkish minutes in order to convey to markets that even though rates will rise, monetary authorities will make sure they do so gradually.

Copper futures edged lower on Thursday, after data showed that China’s factory activity slowed to a three-month low in August, fuelling 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 0.74%, or 2.4 cents, to trade at $3.153 a pound during European morning hours. Data released earlier showed that the preliminary reading of China’s HSBC manufacturing index fell to a three-month low of 50.3 in August from 51.7 in July and well short of forecasts for 51.5. Copper traders consider shifts in the HSBC PMI an indicator of China’s copper demand, as the industrial metal is widely used by the sector.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1296 TGT 1300,1305 SL 1201
  • SELL GOLD BELOW 1275 TGT 1271,1266 SL 1280

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

22Aug
forex-trading3

IForex Market Trading Signals and News of 22nd August 2014

TRADING TIPS :

  • Forex -Bitcoin prices firm up above $500 as recovery continues
  • Forex-Dollar remains broadly stronger as Fed minutes support
  • Forex-NZD/USD steady, near 6-month trough

USD/CHF
USD/CHF hit 0.9119 during European late morning trade, the session low; the pair subsequently consolidated at 0.9127, easing 0.09%.The pair was likely to find support at 0.9138, Wednesday’s low and resistance at 0.9156. The dollar remained broadly supported after Wednesday’s minutes of the Fed’s July meeting showed that some officials believe the strengthening recovery and ongoing improvement in the labor market supports a move towards tightening monetary policy.Other officials want to see further evidence of economic recovery before moving towards raising rates.

GBP/USD
GBP/USD hit 1.6564 during European morning trade, the pair’s lowest since April 4; the pair subsequently consolidated at 1.6578 edging down 0.10%.Cable was likely to find support at 1.6556, the low of April 4 and resistance at 1.6679, Wednesday\’s high.Official data showed that U.K. retail sales rose 0.1% in July, disappointing expectations for an increase of 0.4%. Retail sales for June were revised to a 0.2% gain from a previously estimated 0.1% rise.Year-on-year, U.K. retail sales rose 2.6% last month, confounding expectations for a 3.0% increase. For June, retail sales were revised to an annualized 3.4% gain from a previously estimated 3.6% advance.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9153 -TG:0.9173/0.9203 SL 0.9123
2. Sell USD/CHF Below 0.9091 -TG: 0.9071/0.9041 SL 0.9121

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22Aug
22 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –22nd August 2014

MARKET UPDATES :

  • ST Engineering is the only company in Singapore to make it to Forbes’ list of “The World’s Most Innovative Companies”.The Singapore-listed defence-related group is ranked 87 out of 100 companies globally, and boasts of an Innovation Premium (IP) of 33.6 per cent.
  • EOC Ltd, an Oslo-listed offshore support services firm, has started premarketing a share offering of up to US$250 million for a secondary listing in Singapore, IFR reported on Thursday, citing banking sources.EOC is an associate company of Singapore-listed Ezra Holdings Ltd, which has planned to inject its offshore support services division into EOC.
  • Singapore’s core inflation rate in July probably rose to its highest in almost two years, a Reuters poll showed on Thursday, reflecting wage cost pressures from a tight labour market.
  • DEPARTMENT store operator Parkson Retail Asia reported a near 36 per cent drop in net profit year on year to S$3.17 million for the fourth quarter ended June 30.Revenue slid four per cent to S$99.18 million due to negative same store sales (SSS) growth in Malaysia and Vietnam, as well as the weaker Indonesian rupiah.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 10.170 TG 10.270, 10.390, 10.440 SL 10.050

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