Daily Archives: August 27, 2014

27Aug

Comex Commodity Trading Signals and Market News – 27th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in Asia Wednesday as investors sold early on gains overnight and kept an eye on the dollar for renewed strength. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,281.50 a troy ounce, down 0.29%, after hitting an overnight session low of $1,276.20 and off a high of $1,291.70. Overnight, gold prices rose after the U.S. dollar, which trades inversely with the yellow metal, cooled its advance in a bout of profit taking and against mixed U.S. data. Orders for durable goods in June were revised up to a 2.7% gain from a previously reported increase of 1.7%.

Natural gas prices carried Monday’s gains into Tuesday in choppy trading on expectations that warm summertime temperatures will hike demand for air conditioning, though supply uncertainty pushed the commodity into negative territory at times. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 0.34% at $3.993 per million British thermal units during U.S. trading. The commodity hit a session low of $3.944, and a high of $4.019 .The October contract settled up 2.47% on Monday to end at $3.979 per million British thermal units. Updated weather forecasting models showed that above-normal temperatures will blanket most parts of the eastern and central U.S. through Sept. 4.Supply uncertainty, however, allowed for choppy trading and pushed prices into negative territory at times.

Crude prices rose on Tuesday after investors digested a mixed bag of U.S. indicators and determined the numbers reflected a more robust U.S. economy, though global supply concerns watered down gains. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 0.56% at $93.87 a barrel during U.S. trading. New York-traded oil futures hit a session low of $93.34 a barrel and a high of $94.34 a barrel. U.S. economic indicators, though mixed, were strong enough to convince markets that the world’s largest economy is gaining steam and will consume more fuel and energy going forward.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1288 TGT 1292,1297 SL 1283
  • SELL GOLD BELOW 1282 TGT 1278,1273 SL 1287

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27Aug
Forex Signals

IForex Market Trading Signals and News of 27th August 2014

TRADING TIPS :

  • Forex-EUR/USD trims gains, holds near 11-month trough
  • Forex-Dollar little changed vs. rivals ahead of U.S. reports
  • Forex-NZD/USD holds steady, near 6-1/2 month lows

EUR/USD
EUR/USD hit 1.3208 during late Asian trade, the session high; the pair subsequently consolidated at 1.3209, adding 0.13%.The pair was likely to find support at 1.3179, Monday’s low and resistance at 1.3297, the high of August 22. The euro had come under pressure on Monday after European Central Bank President Mario Draghit said at Jackson Hole on Friday that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.In addition, the German Ifo Business Climate Index fell to a more than one-year low of 106.3 this month, below forecasts for 107.0 and down from a reading of 108.0 in July.

GBP/USD
GBP/USD hit 1.6566 during European morning trade, the session low; the pair subsequently consolidated at 1.6576, dipping 0.02%.Cable was likely to find support at 1.6546, Monday’s low and a five-month low and resistance at 1.6602, the high of August 21.Industry data showed that U.K. mortgage approvals rose by 42,800 last month, less than the expected increase of 44,200, after a revised 43,200 rise in June.On Monday, Ukraine said an armored column including 10 tanks entered from Russia as the government in Moscow unveiled plans to send a second convoy with humanitarian aid.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3225 -TG:1.3245/1.3275 SL 1.3195
2. Sell EUR/USD Below 1.3158-TG: 1.3138/1.3108 SL 1.3188

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

27Aug
sgx 27 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –27th August 2014

MARKET UPDATES :

  • JTC Corporation is releasing three industrial sites in Tuas for sale.A 0.8-hectare site at Tuas South St 9 is being sold on the confirmed list. The site is zoned for Business 2 development, which can be used for most industries. It has a 20-year nine- month tenure with maximum gross floor area to site area, or gross plot ratio, of 1.0.
  • SINGAPORE investor sentiment rose in the second quarter of 2014 to its highest level since the first quarter of 2013, according to Manulife Investor Sentiment Index.
  • United Engineers Ltd said on Tuesday its subsidiary WBL Corporation was selling its luxury car business to StarChase Motorsports (Singapore) for S$455 million (US$365 million). The company said the sale was part of its plan to exit from non- core business operations.
  • OFFSHORE marine group Otto Marine has won A$57 million (S$66 million) worth of time charter contracts in Australia for two deep-water anchor handlers. One of the vessels will operate off the north-west coast of Australia, while the other will work out of Darwin. Both will be supporting oil majors.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 7.070 TG 7.140, 7.220, 7.320 SL 6.970

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