Daily Archives: August 25, 2014

25Aug

Comex Commodity Trading Signals and Market News – 25th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose on Friday as events heated up in Ukraine, while investors digested an upbeat take on the economy from Federal Reserve Chair Janet Yellen and concluded that despite improvements taking place in the labor market, slackness persists, leading investors to believe the Fed will take its time raising interest rates. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,281.20 a troy ounce during U.S. trading, up 0.45%, up from a session low of $1,275.00 and off a high of $1,283.70. The December contract settled down 1.53% at $1,275.40 on Thursday

Crude prices dropped but remained range bound on Friday after investors locked in gains from upbeat U.S. data and sold the commodity for profits in a selloff fueled by concerns that the world is awash in crude. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded down 0.90% at $93.11 a barrel during U.S. trading. New York- traded oil futures hit a session low of $92.94 a barrel and a high of $94.05 a barrel. The October contract settled up 0.55% at $93.96 a barrel on Thursday.

Natural gas prices fell on Friday after updated weather-forecasting models suggested a tropical low could intensify into a cyclone but would likely remain in the Atlantic Ocean and veer away from the Gulf of Mexico. Tropical weather systems in the Gulf of Mexico often send prices rising, as rigs are evacuated and supply slows. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.866 per million British thermal units during U.S. trading, down 0.60%. The commodity hit a session low of $3.851, and a high of $3.894. The September contract settled up 1.73% on Thursday to end at $3.889 per million British thermal units.

• Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in September shed 0.51%, or 1.9 cents, to trade at $3.804 per million British thermal units during U.S. morning hours. Futures traded at $3.875 prior to the release of the supply data.

TRADING STRATEGY :

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25Aug

IForex Market Trading Signals and News of 25th August 2014

TRADING TIPS :

  • Forex -CFTC – week ending August 19: speculators more bearish on Euro, Yen
  • Forex-Dollar remains broadly stronger as Fed minutes support
  • Forex-Bitcoin prices firm up above $500 as recovery continues

EUR/USD
In U.S. trading, EUR/USD was down 0.32% at 1.3238, up from a session low of 1.3221 and off a high of 1.3297. The pair was likely to find support at 1.3221, the session low, and resistance at 1.3412, the high from Aug. 15 Speaking at the Federal Reserve Bank of Kansas City’s annual Jackson Hole symposium, Janet Yellen said the U.S. economy is recovering and added the labor market is improving as well.The Federal Reserve Bank of Philadelphia said that its manufacturing index topped a three-year high of 28.0 this month from July’s 23.9 reading. Analysts had expected the index to decline to 19.2 in July.

GBP/USD
In U.S. trading on Friday, GBP/USD was unchanged at 1.6581 up from a session low of 1.6562 and off a high of 1.6597.Cable was likely to find support at 1.6562, the session low, and resistance at 1.6738, Monday’s high. Speaking at the Federal Reserve Bank of Kansas City’s annual Jackson Hole symposium, Janet Yellen said the U.S. economy is recovering and added the labor market is improving as well.The unemployment rate, at 6.2 percent in July, has declined nearly 4 percentage points from its late 2009 peak. Over the past year, the unemployment rate has fallen considerably, and at a surprisingly rapid pace.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3283 -TG:1.3303/1.3333 SL 1.3253
2. Sell EUR/USD Below 1.3198 -TG: 1.3178/1.3148 SL 1.3228

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25Aug
sgx 25 14

Financial Sgx Singapore Stock Market Trading Picks And News –25th August 2014

MARKET UPDATES :

  • Singapore’s industrial production in July likely posted its first month-on-month rise since March, a Reuters poll showed on Friday, adding to signs that manufacturing activity may have bottomed out after weakening in the second quarter.
  • THE secured pre-commitment at Asperia is below expectations, but the tenants it has secured should translate to a sustainable income stream for Ascendas Real Estate Investment Trust (A-Reit), said OCBC Investment Research (OIR) on Friday. According to A- Reit’s management, Asperia has secured pre- commitment for 46 per cent of its space, with another 15 per cent in advanced negotiations.
  • CAPITALAND Treasury Limited, a wholly owned subsidiary of CapitaLand, has priced the offering of S$500 million, 3.80 per cent fixed-rate notes due 2024. The notes will be issued under a S$5 billion Euro Medium Term Note Programme established in August 2012 and updated in September last year.
  • BOC Aviation has priced A$125 million in 6.5-year fixed rate senior unsecured notes due 2021.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.390 TG 3.440, 3.490, 3.560 SL 3.320

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