Monthly Archives: September 2014

25Sep
forex-trading3

IForex Market Trading Signals and News of 25 September 2014

TRADING TIPS :

  • 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
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/USD
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.

RECOMMENDATION :

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

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

24Sep
sgx 25 sep 14

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

MARKET UPDATES :

  • Singapore shares dipped on Wednesday with the benchmark Straits Times Index down 5.28 points to close at 3,292.81. Volume was 1.28 billion shares worth S$860 million. Losers outnumbered gainers 223 to 175.
  • The Asia-Pacific Trade and Investment Report (APTIR) 2014 published by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the developments in 2013 and so far in 2014, continue to show that the prolonged consequence of the global 2008 financial crisis is still posing risks to the trade prospects of Asia and the Pacific.
  • THE ANZ-Roy Morgan Singapore Consumer Confidence Index rose slightly in September from a month ago to 120.7 points, said ANZ Research on Wednesday. The slight increase in confidence over the month – up just 1.7 points – was driven by an improvement in the assessment of current and future financial situations, according to the index, which was launched early this month. This contrasts with a sharp 16.9-point dive.
  • CUSHMAN & Wakefield said on Wednesday that Singapore Grade A office rents are expected to rise to the highest since 2008 by the end of this year. This comes as average Grade A overall rents has already risen to their highest in three years to S$10.20 per square foot per month or 2 per cent higher than a quarter ago, and 9.9 per cent stronger than a year ago. Some new leases recorded during the quarter include advertising and marketing firm Publicis taking up 33,000 square feet (sq ft) of space at [email protected] At 6 Battery Road, insurance broker Willis has signed a lease for about 22,000 sq ft of space, while management consultancy firm Bain & Company took up an 18,000 sq ft unit in South Beach.
  • JUMBO Group plans to sell shares to raise about S$30 million in an IPO, said Bloomberg on Wednesday, citing sources. Jumbo intends to use some of the proceeds to expand in China, Bloomberg said. It cited a company spokeswoman saying that Jumbo does not discount such plans, but would not comment on “market speculations”.
  • British holidays and airline company Monarch is set to be acquired by Greybull Capital after the London- based family investment firm was named as its preferred bidderThe new owner would invest around £75 million (S$155.8 million) in the airline, a person familiar with the matter said, to help fund its plan to turn into a budget airline to better compete against Europe’s biggest low-cost carriers Ryanair and easyJet .
  • NEC Corporation said on Wednesday that it is partnering Singapore’s Economic Development Board (EDB) to grow the pool of specialists to counter cyber threats The multi-year agreement through EDB’s Strategic Attachment and Training (Strat) Programme aims to equip qualified cybersecurity professionals and graduates with skills in areas of malware analysis, incident response, intrusion detection, digital forensics and vulnerability assessment According to a Mckinsey and World Economic Forum report, delays in adopting cybersecurity capabilities could result in a loss of US$3 trillion in economic value by 2020 globally.
  • SINGAPORE mutual fund investors want a stream of income from their investments and have a stronger home bias than regional investors. These were the main takeaways from an online survey of 300 investors here, commissioned by Prudential’s Asia asset management arm Eastspring Investments. The desire forincome is more pronounced among those who are married with children and those who are planning to buy a mutual fund in the next six months. Asked how they would change their strategy if there is an interest rate hike, nearly a quarter said they would invest more in an income-generating fund. Eastspring’s survey was conducted in July. Out of the 300 Singapore investors surveyed, two-thirds were mutual fund investors and one-third comprised prospective investors.
  • Singapore offshore oilfield services company Ezra Holdings has agreed to defer for up to three years the majority of cash owed for assets bought by affiliate Emas Offshore Ltd. Ezra in July said it planned to sell its offshore support services division to Emas Offshore for US$520 million, made up of US$370 million worth

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.700 TG 9.780, 9.880, 10.000 SL 9.600

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

24Sep

Comex Commodity Trading Signals and Market News – 24 September 2014

INTERNATIONAL COMMODITY NEWS :

Natural gas prices fell on Tuesday after updated weather-forecasting models scaled back on calls for colder temperatures dipping across the U.S., with milder temperatures seen reducing the need for air conditioning or heating. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.87% at $3.874 per million British thermal units during U.S. trading. The commodity hit a session low of $3.866, and a high of $3.959.The November contract settled up 0.13% on Monday to end at $3.908 per million British thermal units.Natural gas futures were likely to find support at $3.864 per million British thermal units, Monday’s low, and resistance at $3.958, the session high.

Crude oil prices gained slightly in Asia on Wednesday after bullish industry data on U.S. stocks.The American Petroleum Institute showed a 6.5-million-barrel drop in crude stocks in the past week. The API also said gasoline supplies rose by 91,000 barrels, while distillate inventories rose by 3 million barrels.On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in November traded at $91.64 a barrel, up 0.09%, after hitting an overnight session low of $90.66 a barrel and a high of $91.89 a barrel.Brent oil fell 12 cents, or 0.1%, to $96.85 a barrel on ICE Futures Europe on Monday. Overnight, crude prices jumped after data revealed Chinese factories have been busier this month than markets were expecting.China’s HSBC manufacturing index for September came in at 50.5, ahead of expectations for 50.0 and up from the final reading of 50.2 in August.

Gold prices fell in Asia on Wednesday on profit taking after solid overnight gains on a mix of a weaker dollar and geopolitical tension. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,222.90 a troy ounce, down 0.16%, after hitting an overnight session low of $1,214.70 and off a high of $1,235.60. Overnight, gold futures rose as investors sold the dollar for profits, while U.S.-led air strikes in Syria fueled safe-haven demand for the precious metal.Profit taking sent the dollar edging lower on Monday, wiping out a rally stemming from expectations for U.S. monetary policy to grow less accommodative at a time when European and Japanese monetary authorities take steps to loosen.Markit Economics reported earlier that its preliminary U.S.manufacturing purchasing managers’ index came in at 57.9 in September, unchanged from August and the highest since April 2010 though shy of market calls for a 58.0 reading, which allowed the dollar to take a break from its rally.

RECOMMENDATION :

  • BUY GOLD ABOVE 1225 TGT 1229,1233 SL 1220
  • SELL GOLD BELOW 1219 TGT 1215,1210 SL 1224

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

24Sep
forex-market-hours

IForex Market Trading Signals and News of 24 September 2014

TRADING TIPS :

  • Forex-Dollar off 4-year highs as rally stalls.
  • Forex- Dollar dips against yen, euro steady after China data.
  • Forex-Yen, Aussie flat to stronger ahead of China HSBC flash PMI

EUR/USD
EUR/USD was up 0.18% to 1.2871, off session lows of 1.2816. The pair was likely to find support at 1.2815, Monday’s low and a 14 month trough and resistance at around 1.29. The euro rose to session highs against the dollar on Tuesday after data showed that output in the euro zone private sector grew at the slowest rate so far this year in September, adding to fears over the outlook for the recovery in the region..The bloc’s services PMI slid to a three month low of 52.8 from 53.1 last month, while the manufacturing index ticked down to a 14 month low of 50.5 from 50.7 in August.The data indicated that the euro area economy is on track to grow by 0.3% in the third quarter, and also signaled that growth could slow further in the fourth quarter

GBP/USD
GBP/USD edged up 0.08% to 1.6372, coming off the lows of 1.6303 hit earlier in the session.Cable was likely to find support at 1.6286, Monday’s low and resistance at around 1.6410.The pound erased losses against the dollar on Tuesday as the greenback took a breather following its recent run higher, while elsewhere sterling was lower against the euro.The dollar has rallied in recent months, boosted by expectations that the strengthening recovery in the U.S. would prompt the Federal Reserve to raise interest rates sooner than markets expectThe Office for National Statistics reported that public sector net borrowing, excluding public sector banks, was £11.6 billion in August 2014, an increase of £700 million compared with August 2013The preliminary reading of China’s HSBC manufacturing index for September came in at 50.5, ahead of expectations for 50.0 and up from the final reading of 50.2 in August..

RECOMMENDATION :

1. Buy EUR/USD Above 1.2908-TG:1.2928/1.2958 SL 1.2878
2. Sell EUR/USD Below 1.2886-TG:1.2866/1.2836 SL 1.2916

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

24Sep
sgx 24 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 24 September 2014

MARKET UPDATES :

  • SINGAPORE shares end 0.05 per cent higher on Tuesday. The Straits Times Index closed up 1.52 points at 3,298.09. Some 1.38 billion shares valued at S$931.9 million changed hands. Losers beat gainers 186 to 246.
  • CONSUMER price inflation eased more than expected to 0.9 per cent in August from 1.2 per cent in July, again because of lower private road transport costs. The median forecast of 20 economists polled by Bloomberg before the Department of Statistics released the data on Tuesday was for a 1.1 per cent year-on-year rise in the consumer price index (CPI) Private road transport costs fell by 2.9 per cent, largely due to lower certificate of entitlement (COE) premiums in the month before. This followed July’s drop of 1.6 per cent.
  • Singapore billionaire businessman Peter Lim, who once courted Liverpool, is set to take a 50 per cent stake in Salford City FC. Papers have been submitted to the Football Association to formalise the acquisition of the shares of the club owned by the five former Manchester United players known as the ‘Class of ‘92’. Gary and Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt will each retain a 10 per cent stake in the Evo-Stik Division One North clubLim has long been linked with owning an English club and in 2010 withdrew a bid to buy Liverpool.
  • The International Atomic Energy Agency’s (IAEA) Convention on the Physical Protection of Nuclear Material (CPPNM) and the instrument of acceptance to its 2005 AmendmentSingapore will become a party to the CPPNM 30 days after the instrument of accession is deposited with the IAEA, said the Ministry of the Environment and Water Resources (MEWR) in a statement. According to IAEA, the amended Convention makes it legally binding for states to protect nuclear facilities and material in peaceful domestic use, storage and transport. It also provides for expanded cooperation among states on rapid measures to locate and recover stolen or smuggled nuclear material, mitigate any radiological consequences of sabotage, and prevent and combat related offences.
  • SINGAPORE Airlines (SIA) and Air New Zealand’s strategic alliance will take off from Jan 6 next year, which will add capacity between the two countries as well as offer passengers codeshare connectivity to both carriers’ networks. Under the alliance, which was first announced at the beginning of this year, the two Star Alliance carriers will operate one return service daily between Singapore and Auckland, while SIA will operate a daily return service between Singapore and Christchurch. n addition, passengers will gain access to 40 destinations in Air NZ’s network via codeshare flights, while Air NZ will codeshare on 50 other destinations in SIA and SilkAir’s network.
  • CIMB Research has raised its recommendation and target price for Far East Hospitality Trust (FEHT), after the trust announced its joint venture with Far East Organization Centre to develop a new S$443.8 million hotel in Sentosa, Singapore. Given that FEHT’s contribution to the proposed JV will be fully funded via debt, we view it positively as no equity dilution is expected consequently,” said CIMB, which upgraded the stock to “hold” from “reduce”. It also upped the target price to S$0.83 from S$0.80. Shares of FEHT gained on Tuesday, trading at S$0.815, up half a cent.
  • A SURVEY commissioned by Principal Global Investors on Tuesday showed investors are becoming more cautious, and are looking to mitigate unrewarded risk. The survey showed retail investors are accepting lower yield, while high net worth individuals have shifted from a blanket focus on alpha – a common measure of performance that takes risk adjustments into account – to focus on risk mitigation, the survey said. The emphasis on real estate investment is particularly stark for the latter group: investor interest shot to 61 per cent this year, up from 37 per cent in 2012. Principal Global Investors is the institutional asset management arm of the Principal Financial Group. It managed US$328.2 billion of assets as at June 30, 2014.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.390 TG 18.520, 18.650, 18.800 SL 18.250

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

23Sep

Comex Commodity Trading Signals and Market News – 23 September 2014

INTERNATIONAL COMMODITY NEWS :

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%.

RECOMMENDATION :

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

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

23Sep
forex-trading3

IForex Market Trading Signals and News of 23 September 2014

TRADING TIPS :

  • 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
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
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.

RECOMMENDATION :

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

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

22Sep
sgx 23 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 23 September 2014

MARKET UPDATES :

  • THE Ministry of Finance (MOF), Monetary Authority of Singapore (MAS) and the Inland Revenue Authority of Singapore (IRAS) have proposed regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act (Fatca). The Fatca requires all financial institutions outside of the US to regularly submit information on financial accounts held by US persons to the US Internal Revenue Service (IRS), or face a 30 per cent withholding tax on certain gross payments received from the US. To ease the Fatca compliance of financial institutions here, Singapore has substantially concluded a Model 1 Intergovernmental Agreement (IGA) with the US, announced the three government agencies in a joint statement on Monday. Under the Model 1 IGA, Singapore- based financial institutions will report information on financial accounts held by US persons to IRAS, which will in turn provide the information to the US IRS.
  • Singapore shares ended lower on Monday with the benchmark Straits Times Index down 8.48 points to close at 3,296.57. Volume was 1.57 billion shares worth S$952.7 million. Losers outnumbered gainers 280 to 162.
  • Danish rookie Kevin Magnussen needed medical attention for burns to his backside following Sunday’s Singapore Grand Prix in which he finished 10th for McLaren. In hot and humid conditions under floodlights at the south east Asian street circuit, he was one of many drivers to suffer from fatigue and dehydration – and in his case a burnt backside.
  • Palm oil’s share of global vegetable oil consumption looks set to climb in the months ahead as the top two producers engage in a tit-for-tat export tax tussle designed to boost sales. Barely a month after number two producer Malaysia cut export tariffs, top palm oil maker Indonesia is preparing a similar move to boost sales of the tropical oil used for cooking and in products ranging from candies to cosmetics. It might seem that Malaysia would then lose the competitive advantage it gained with its tax cut, which has pushed up shipments this month. But traders and analysts say there’s room for both countries to benefit at the expense of Argentina’s soybean oil and Ukraine’s sunflower oil.
  • CITIMAC Industrial Complex, a stone’s throw from Tai Seng MRT Station, has been launched for collective sale with a price tag of at least S$550 million. This has been billed as the largest freehold Business 1-White redevelopment site in Singapore to be put up for sale. Cushman & Wakefield is handling the collective sale through a tender that will close on Oct 30. A price of S$550 million translates to about S$1,347 per square foot of potential gross floor area inclusive of development charges payable to the state.
  • LCD Global Investments on late Monday morning topped the SGX’s list of most actively-traded stocks, with as many as 312.9 million stocks changing hands as at 11.56am. LCD’s shares opened at 29 Singapore cents on Monday, up one Singapore cent from Friday’s close, and immediately spiked to a high of 30 Singapore cents within the first five minutes of trading. They were trading at 29 Singapore cents as at 11.56am, up 3.57 per cent. In June, Aspial Corporation chief executive Koh Wee Seng continued to buy shares in the company at prices above the 17 Singapore cents-per share buyout offer from Lum Chang’s Raymond and David Lum, which at that time fuelled further market talk of a counter-bid.
  • Singapore’s former prime minister Lee Kuan Yew has been presented the Global Citizen Award by US think-tank Atlantic Council for his achievements as one of “history’s longest-serving and most successful leaders”, said the council’s website. Mr Lee became prime minister of Singapore in 1959, became senior minister in 1990 and minister mentor in 2004. He stepped down in 2011 The think-tank said: “He is widely regarded as the founding father of modern Singapore, shepherding his country through a difficult independence and transforming it into one of the freest, most-robust economies in Asia.”.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.000 TG 36.250, 36.550, 36.950 SL 35.700

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

22Sep

Comex Commodity Trading Signals and Market News – 22 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Monday with markets looking ahead to data signals on the U.S. economy and in China for the outlook on key industrial metal copper. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,215.80 a troy ounce, down 0.03%, after hitting on Friday a session low of $1,214.20 a troy ounce on Friday, a level not seen since Jan. 2. Prices recovered last week to settle at $1,216.60, down $10.30, or 0.84%, for the day. For the week, Comex gold prices lost $14.90, or 1.2%, the third consecutive weekly drop.Last week, the Federal Reserve cut its monthly bond-buying program by another $10 billion following its two-day policy meeting on September 17, keeping the program on track to finish next month. While the Fed reiterated that it expects rates to remain on hold for a “considerable time” after its quantitative easing program ends, it also projected a faster pace of rate hikes.

• U.S. natural gas futures ended Friday’s session lower, as investors monitored near-term weather forecasts to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, natural gas for delivery in October shed 7.3 cents, or 1.87%, to settle at $3.837 per million British thermal units by close of trade on Friday.A day earlier, natural gas prices plunged 10.3 cents, or 2.57%, to end at $3.910.Futures were likely to find support at $3.786 per million British thermal units, the low from September 12 and resistance at $4.027, the high from September 18. On the week, Nymex natural gas prices lost 2.0 cents, or 0.51%. The U.S. Energy Information Administration said that natural gas storage in the U.S. rose by 90 billion cubic feet last week. Inventories rose by 48 billion cubic feet in the same week a year earlier, while the five-year average change is a build of 71 billion cubic feet.

• A stronger U.S. dollar coupled with concerns the world is awash in crude sent oil futures falling on Friday. A firmer greenback makes oil less attractive on dollar denominated exchanges, especially in the eyes of investors holding other currencies. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 0.43% at $91.58 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.16 a barrel and a high of $92.24 a barrel. The November contract settled down 1.31% at $91.98 a barrel on Thursday. Nymex oil futures were likely to find support at $89.76 a barrel, Monday’s low, and resistance at $94.12 a barrel, Tuesday’s high.Concerns that global oil supply is outstripping demand sent crude futures falling on Friday.

RECOMMENDATION :

  • BUY GOLD ABOVE 1218 TGT 1222,1227 SL 1213
  • SELL GOLD BELOW 1210 TGT 1206,1200 SL1215

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

22Sep
forex-trading3

IForex Market Trading Signals and News of 22 September 2014

TRADING TIPS :

  • Forex-Dollar broadly supported, hits fresh 6-year peak vs. yen .
  • Forex- Forex – Pound up on expectation Scotland to stay part of United Kingdom .
  • Forex-GBP/USD hits 2-1/2 week highs as Scotland rejects independence

EUR/USD
EUR/USD hit 1.2885 during European morning trade, the session low; the pair subsequently consolidated at 1.2884, sliding 0.30%The pair was likely to find support at 1.2833, Thursday’s low and a 14-month low and resistance at 1.2981, the high of September 17 The euro edged lower against the U.S. dollar on Friday, re- approaching a 14-month trough as the Federal Reserve’s latest policy statement continued to support the greenback The single currency came under some pressure on Thursday after the European Central Bank said it allotted €82.6 billion to 255 bidders in its new Targeted Long Term Refinancing Operation, or TLTRO. That was well below the €100 to €150 billion predicted by analysts..

GBP/USD
GBP/USD.hit 1.6525 during late Asian trade, the pair’s highest since September 2; the pair subsequently consolidated at 1.6449, gaining 0.32%Cable was likely to find support at 1.6327, the low of September 4 and 10- month low and resistance at 1.6615, the high of September 2. The pound strengthened as Scotland overwhelmingly rejected independence after a record turnout of voters delivered a clear victory for the No campaign on Thursday. The pound rose to two-and-a-half week highs against the U.S. dollar on Friday, as Scotland voted to remain in the U.K. after an independence referendum, while demand for the greenback still remained broadly supported. Uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on sparked a broad based selloff in sterling last week.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2860-TG:1.2880/1.2905 SL 1.2830
2. Sell EUR/USD Below 1.2825-TG:1.2805/1.2780 SL 1.2831

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

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