Daily Archives: September 23, 2014


Comex Commodity Trading Signals and Market News – 23 September 2014


Gold prices were higher to steady in early Asia on Tuesday with the focus on HSBC’s China flash PMI figures for September. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,216.90 a troy ounce, up 0.08%, after hitting an overnight session low of $1,208.90 and off a high of $1,221.00. In China, the flash HSBC manufacturing PMI is due for September with a reading of a borderline between expansion and contraction of 50 expected, down from last month’s final of 50.2, a three-month low .Overnight, gold futures posted modest gains on Monday after disappointing U.S. housing data .The National Association of Realtors reported that existing home sales unexpectedly fell 1.8% to an annual unit rate of 5.05 million in August. Analysts had expected existing home sales to rise 1% to 5.20 million units,

Natural gas prices posted slight gains on Monday after updated weather forecasting models called for warming temperatures in the southern U.S., which should prompt thermal power plants to burn more of the commodity to meet demand for air conditioning. Still, futures dipped into negative territory at times due to uncertainty as how mild temperatures elsewhere may cut into demand for both heating and air conditioning .On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.28% at $3.914 per million British thermal units during U.S. trading. The commodity hit a session low of $3.865, and a high of $3.939.

• Disappointing U.S. housing data coupled with ongoing concerns that the global economy is awash in crude while demand remains soft sent oil futures falling on Monday. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 1.06% at $90.68 a barrel during U.S. trading. New York-traded oil futures hit a session low of $90.426 a barrel and a high of $91.92 a barrel. The November contract settled down 0.36% at $91.65 a barrel on Friday.

Crude oil futures were lower on Monday, as concerns about weak demand and ample global supplies continued to weigh. On the New York Mercantile Exchange, crude oil for delivery in November hit a session low of $91.11 a barrel, the weakest level since September 15. Prices recovered to last trade at $91.32 during European morning hours, down 34 cents, or 0.37%.


  • BUY GOLD ABOVE 1220 TGT 1224,1229 SL 1215
  • SELL GOLD BELOW 1212 TGT 1208,1203 SL 1217

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IForex Market Trading Signals and News of 23 September 2014


  • Forex-Dollar eases off highs but remains broadly supported .
  • Forex- Bitcoin trades near 5-month low as regulation concerns weigh.
  • Forex-EUR/USD off 14-month lows but remains under pressure.

EUR/USD hit 1.2868 during European morning trade, the session high; the pair subsequently consolidated at 1.2855, adding 0.19%The pair was likely to find support at 1.2826, the low of September 19 and resistance at 1.2929, the high of September 19.The euro edged up against the U.S. dollar on Monday, easing off a 14-month low but gains were expected to be capped as growing expectations for an early U.S. rate hike continued to support the greenback.The euro has remained under broad selling pressure since the European Central Bank unexpectedly cut rates to record lows across the euro zone earlier this month, and implemented fresh measures in an attempt to shore up inflation in the currency bloc.

GBP/USD hit 1.6366 during European morning trade, the session high; the pair subsequently consolidated at 1.6331, rising 0.28%.Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6408, t the high of September 18.The pound rose to two-week highs against the greenback on Friday after voters in Scotland chose to stay in the U.K. by a significant margin in a independence referendum, defying opinion polls which had indicated that the final result would be too close to call.The pound edged higher against the U.S. dollar on Monday, but gains were expected to remain limited as demand for the greenback remained supported by expectations for an early rate hike by the Federal Reserve.


1. Buy EUR/USD Above 1.2854-TG:1.2874/1.2904 SL 1.2834
2. Sell EUR/USD Below 1.2838-TG:1.2818/1.2788 SL 1.2868

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