Daily Archives: September 25, 2014


Comex Commodity Trading Signals and Market News – 25 September 2014


Gold futures fell on Wednesday after the greenback advanced on news that far more new homes were sold in the U.S. last month than expected. Gold and the greenback tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,217.60 a troy ounce during U.S. trading, down 0.36%, up from a session low of $1,216.30 and off a high of $1,226.70.The December contract settled up 0.34% at $1,222.20 on Tuesday. The Census Bureau reported earlier that U.S. new home sales data rose 18.0% last month to 504,000 units, far surpassing expectations for a 4.4% gain to 430,000 units.

Natural gas prices rose on Wednesday after updated weather-forecasting models called for warm weather in the near term and potentially chilly temperatures in October. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 1.63% at $3.932 per million British thermal units during U.S. trading. The commodity hit a session low of $3.846, and a high of $3.936.The November contract settled down 1.00% on Tuesday to end at $3.869 per million British thermal units. Natural gas futures were likely to find support at $3.846 per million British thermal units, the session low, and resistance at $3.959, Tuesday’s high.

Crude prices edged higher on Wednesday on the coattails of upbeat U.S. inventory data, though concerns the world is awash in oil at a time when global demand remains soft sent futures dipping into negative territory at times. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 0.22% at $91.76 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.13 a barrel and a high of $92.11 a barrel. The November contract settled up 0.76% at $91.56 a barrel on Tuesday.

Crude oil futures edged higher on Wednesday, but gains were expected to remain limited as ample supplies and weak economic data from the euro zone overshadowed geopolitical tensions in the Middle East. On the New York Mercantile Exchange, crude oil for delivery in November traded at $91.66 a barrel during European morning trade, up 0.10%.Prices gained 0.76% on Tuesday to settle at $91.56. Iraq and Nigeria are reportedly stepping up exports, adding more oil to the market, while output at Libya has rebounded as well.


  • BUY GOLD ABOVE 1217 TGT 1221,1225 SL 1212
  • SELL GOLD BELOW 1210 TGT 1214,1218 SL 1205

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IForex Market Trading Signals and News of 25 September 2014


  • Forex-Dollar slips lower vs. yen, euro steady near lows .
  • Forex- Euro steady near 2-year lows against sterling .
  • Forex-Euro steady vs. dollar after weak Ifo, Draghi comments .

EUR/USD was trading at 1.2850, hovering just above Monday’s 14-month trough of 1.2815.The pair was likely to find support at 1.2815 and resistance at around the 1.29 levelThe euro was little changed after a report showed t That Germany’s Ifo business confidence index deteriorated for the fifth successive month in September.The Ifo economic institute’s business climate index fell to 104.7 from 106.3 in August.The euro was steady against the dollar on Wednesday, holding above 14 month lows after data showed that business confidence in Germany continued to deteriorate this month and after the European Central Bank reiterated its commitment to accommodative monetary policy.Monetary policy will remain accommodating for a long time and I can tell you t that the Governing Council is unanimous in committing itself to using the tools at its disposal to bring inflation back to just under 2%

GBP/USDhit 1.6414 during European afternoon trade, the session high; the pair subsequently consolidated at 1.6394, inching up 0.03%. Cable was likely to find support at 1.6287, the low of September 22 and resistance at 1.6526, the high of September 19.The pound was almost unchanged against the U.S. dollar in quiet trade on Wednesday, as demand for sterling remained supported by the outcome of last week’s vote on Scottish independence, while Tuesday’s U.S. manufacturing data continued to boost the greenback. European Central Bank President Mario Draghi said the bank will keep its monetary policy “accommodative for as long as needed, and will use every tool at its disposal to fight deflation.The Ifo economic institute’s business climate index fell to 104.7 from 106.3 in August. It was the lowest level since April 2013 and much weaker than economists’ forecasts for 105.7.


1. Buy EUR/USD Above 1.2846-TG:1.2866/1.2896 SL 1.2816
2. Sell EUR/USD Below 1.2824-TG:1.2804/1.2774 SL 1.2854

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