Daily Archives: May 8, 2018

8May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

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                                                                                  Comex Gold Signal

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INTERNATIONAL COMEX NEWS

  • Gold prices gained on Monday as the dollar slid against the other major currencies in Asia, but remained at its 4-month highs of above the 92 level. The U.S. and China issued a long list of demands for each other in Beijing on Friday, as the two nations attempted to resolve the trade dispute between them. China requested the 25% extra tariffs lifted, while the U.S. expressed concerns over intellectual properties, according to reports.
  • Natural gas futures started the week in positive territory on Monday, as updated forecasting models pointed to aboveaverage temperatures covering most of the country over the next two weeks. That should help boost early summer cooling demand for the fuel. Front-month U.S. natural gas futures jumped 5.4 cents, or around 2%, to $2.765 per million British thermal units (btu) by 9:15AM ET (1315GMT).
  • China’s main ports will step up quarantine checks on imports of apples and logs from the United States, and shipments found carrying disease or rot could be returned or destroyed, the Chinese customs agency said on Monday. Reuters reported last week that the main Chinese ports of entry have ramped up checks on fresh fruit imports from the United States, which could delay shipments from U.S. growers already dealing with higher tariffs as China-U.S. trade ties sour.

ECONOMY NEWS

  • China’s commerce ministry said on Monday U.S. unilateralism and protectionism may lead to an escalation of global trade friction and could derail the pace of global economic recovery. China does not deliberately pursue a trade surplus, the Ministry of Commerce said in a report that summarizes China’s past foreign trade situations, while calling for joint efforts between the United States and China to resolve trade disputes.
  • Emergency authorities battling lava flows and gas erupting from Hawaii’s Kilauea volcano warned some residents to “go now” as a new fissure opened and more structures were destroyed. Kilauea has destroyed 26 homes and forced 1,700 people to leave their residences since it erupted on Thursday, spewing lava and toxic gas from volcanic vents in a small area of Hawaii’s Big Island.
  • Afghanistan’s poverty rate has worsened sharply over the past five years as the economy has stalled and the Taliban insurgency has spread, with more than half the population living on less than a dollar a day, a survey published on Monday showed. The Afghanistan Living Conditions Survey (ALCS), a joint study by the European Union and Afghanistan’s Central Statistics Organisation, showed the national poverty rate rising to 55 percent in 2016-17 from 38 percent in 2011-12.

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NZD/USD : Forex Technical Analysis

NZD/USD Technical Strategy: FLAT

  • Morning Star candle design indications at New Zealand Dollar skip
  • Dissimilarity on 4-hour RSI reinforces the case for ebbing offering weight
  • Rise may offer chance to offer into the more extensive bearish pattern

    The New Zealand might prepared an endeavor at recuperation against its US partner after costs slid to the most minimal level in more than four months. The presence of a bullish Morning Star candle example may go before a ricochet. Regardless of whether such a move denotes a redress or bona fide inversion stays to be seen.

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    Zooming in from the day by day outline to shorter-term situating, the setup on the four-hour time span uncovers positive RSI dissimilarity that supports the case for ebbing upside energy. Prompt pattern protection is as yet holding in any case, so it is untimely to state whether a rise or sideways float will take after.

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    Truant further affirmation, standing aside appears to be judicious. All things considered, offering into indications of fixing after a ricochet to retest slant characterizing protection close to 0.7140 appears like an alluring recommendation, were such a chance to emerge. Close term value activity will be nearly checked for advance.

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