Daily Archives: August 26, 2014

26Aug
forex-trading3

IForex Market Trading Signals and News of 26th August 2014

TRADING TIPS :

  • Forex- Dollar rises broadly as Yellen comments support.
  • Forex-Bitcoin prices little changed above the $500-level
  • Forex-USD/CHF rises to fresh 9-month highs on Yellen speech

EUR/USD
EUR/USD hit 1.3186 during late Asian trade, the session low; the pair subsequently consolidated at 1.3195, shedding 0.34%.The pair was likely to find support at 1.3105 and resistance at 1.3297, the high of August 22. The dollar strengthened broadly after Fed Chair Janet Yellen said on Friday that the U.S. economy is recovering and added the labor market is improving as well.Ms. Yellen was speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.At the same time, ECB President Mario Draghi told the Jackson Hole gathering that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.

GBP/USD
GBP/USD was at 1.6578 during European morning trade, not far from the five month session low of 1.6538. Cable was likely to find support at 1.6466 and resistance at 1.6597, Friday’s high.The dollar strengthened broadly after Fed Chair Janet Yellen said on Friday that the U.S. economy is recovering and added the labor market is improving as well.Ms. Yellen was speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming. Sterling was higher against the euro, with EUR/GBP retreating 0.41% to 0.7959.The weak data dampened optimism over the health of the euro zone’s largest economy.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3228 -TG:1.3248/1.3278 SL 1.3198
2. Sell EUR/USD Below 1.3147 -TG: 1.3127/1.3097 SL 1.3177

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

26Aug

Comex Commodity Trading Signals and Market News – 26th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices slid on Monday after the Jackson Hole, Wyoming, symposium wrapped up leaving markets expecting monetary policy to tighten in the U.S. while remaining loose in Europe and in Japan. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,278.70 a troy ounce during U.S. trading, down 0.12%, up from a session low of $1,276.50 and off a high of $1,282.10. The December contract settled up 0.38% at $1,280.20 on Friday. The Federal Reserve Bank of Kansas City’s annual Jackson Hole symposium wrapped up over the weekend leaving investors preparing for diverging monetary policies across the globe.

Crude prices continued to slide on Monday due to ongoing fears that the global supply is outstripping demand despite unrest in Ukraine and in the Middle East. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded down 0.42% at $93.28 a barrel during U.S. trading. New York-traded oil futures hit a session low of $93.07 a barrel and a high of $93.95 a barrel.Nymex oil futures were likely to find support at $92.50 a barrel, Thursday’s low, and resistance at $94.45 a barrel, Thursday’s high.

Natural gas prices shot up on Monday after updated weather-forecasting models called for a quick return of seasonably warm temperatures to edge out a cool snap in the U.S. Elsewhere, Tropical Storm Cristobal appeared to dodge the U.S. coast, though investors kept their eyes on another system hinting at formation in the Gulf of Mexico. On the New York Mercantile Exchange, natural gas futures for delivery in October traded at $3.976 per million British thermal units during U.S. trading, up 2.38%. The commodity hit a session low of $3.860, and a high of $3.983. The October contract settled up 1.20% on Friday to end at $3.883 per million British thermal units.

Copper futures held steady near a two-week high on Monday, as growing optimism over the health of the U.S. economy supported demand for the industrial metal. On the Comex division of the New York Mercantile Exchange, copper for September delivery inched up 0.09%, or 0.3 cents, to trade at $3.207 a pound during European morning hours. The focus this week will be on a flurry of key U.S. economic indicators, as investors look for further clues on the strength of the recovery and the possible future path of monetary policy.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1279 TGT 1283,1288 SL 1274
  • SELL GOLD BELOW 1276 TGT 1272,1266 SL 1281.30

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26Aug
sgx 26 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –26th August 2014

MARKET UPDATES :

  • SINGAPORE Airlines’ (SIA) partnerships with India’s Tata Sons and Air New Zealand (Air NZ) appear promising but key uncertainties still need to be addressed, OCBC Investment Research analyst Eugene Chua wrote in a note. SIA and Tata are planning to begin flights in October by a new jointly owned carrier, Vistara, to serve the Indian market.
  • Fund managers of collective investment schemes (CIS) from each of Singapore, Malaysia and Thailand can now sell directly to retail investors in the other two Association of South-east Asian Nations (Asean) countries. The change comes with the launch on Monday of the Asean CIS Framework, which is part of plans to integrate regional capital markets.
  • CONSUMER price inflation in Singapore eased more than expected to 1.2 per cent in July from 1.8 per cent in June, mainly on account of lower private road transport costs due to a high base a year ago.
  • THE Aspire Committee, set up by the government to help polytechnic and Institute of Technical Education (ITE) graduates get the right jobs and move up the career ladder, has completed its work.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.590 TG2.630.2.680 SL 2.540

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