Daily Archives: June 14, 2018

14Jun

Stocks to watch: Keppel, Tritech, China Everbright Water, Envictus International

Stocks to watch :The accompanying stocks made declarations after the market shut on Wednesday (June 13), which could influence the exchanging of their offers.

Keppel Offshore and Marine: Keppel Offshore and Marine has conveyed a second lift boring apparatus to Borr Drilling. Conveyance of the lift named Skald came a large portion of multi year after that of Borr Drilling’s apparatus, Saga. Skald and Saga are initial two of five Super B Class jack-ups Transocean has authorized to Keppel Fels for development at U$1.1 billion. Borr Drilling assumed control over the apparatus development contracts from Transocean in 2013 out of an exchange that esteemed each raise at U$216 million, not very a long way from the first cost of U$219 million.

Tritech Group: Tritech Group auxiliary Tritech Engineering and Testing (Singapore) has been granted a $4.6 million decrease by Changi Airport Group for the arrangement of soil examination administrations at Changi Airport Terminal 5, the gathering said in an administrative documenting on Wednesday night. The initiation date for administrations is June 18, with finish on April 17, 2020.

China Everbright Water: China Everbright Water has consented to an arrangement to procure building configuration firm Xuzhou Municipal Engineering Design Institute in China’s Jiangsu region, for a money thought of 82 million yuan ($17.10 million). China Everbright Water official chief and CEO A Xuesong said the organization will supplement the organization’s abilities in metropolitan building outline. “Moreover, by having its own metropolitan outline foundation, the organization will upgrade the proficiency of its building configuration works while lessening the important costs,” said Mr An. “With this new stage, the organization will likewise have the capacity to attempt configuration ventures identifying with water administrations to make another wellspring of benefit development.” The establishment is the main national review A civil plan foundation in the Huaihai financial zone.

Envictus International: Food and refreshment bunch Envictus International’s backup PT Quick Service Restaurant has entered a concurrence with United State-based franchiser Cajun Global to create 80 Texas Chicken establishments only for domains in West Java, Jakarta, Banten, Lampung, South Sumatra and Bengkulu in Indonesia for a long time through 2027.

14Jun
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Epic Research : Forex Market Update

INTERNATIONAL CURRENCY BUZZ

Forex – Dollar Slips Lower Before Fed Rate Decision
Forex – Sterling Touches Day’s Lows after UK Inflation Data
Forex – EUR/USD climbs to session tops near 1.1780 ahead of FOMC

EUR/USD

The dollar and the euro were little changed in rangebound trade on Wednesday as traders awaited a Federal Reserve policy announcement later in the day and looked ahead to Thursday’s European Central Bank meeting. The U.S. dollar index, which
measures the greenback’s strength against a basket of six major currencies, was trading at 93.88 by 03:46 AM ET (07:46 AM GMT), little changed for the day after rising 0.29%. The Fed is widely expected to raise interest rates for the second time this year
at the conclusion of its policy setting meeting later in the day. With a rate hike almost fully priced in, markets are focusing on whether the Fed will signal hiking rates four times this year, rather than the three times its indicated earlier in the year. The dollar
rose to fresh three week highs against the yen, with USD/JPY rising 0.21% to 110.59. The euro was almost unchanged against the dollar, with EUR/USD last at 1.1746.

GBP/USD

The pound slid to the day’s lows on Wednesday after data showing thatUK inflation remained steady at a one-year low on May, despite pressure from higher oil prices. GBP/USD hit lows of 1.1312 after the release of the data and was trading at 1.3319 by 05:19 AM ET (09:19 AM GMT). The Office for National Statistics reported
that the annual rate of inflation rose by 2.4% in May, unchanged from the previous month, which was a one year low and in line with expectations. Rising motor fuel prices produced the largest upward contribution to inflation, the ONS said, reflecting increases in crude oil prices. Underlying inflation rose by 2.1% on a year-over-year
basis, matching the previous month and also in line with forecasts. Inflation remains below wage growth, even after data on Tuesday showing that wage growth slowed slightly in the three months to April. The steep drop in sterling in the wake of the June 2017 Brexit referendum drove up the cost of imports, leading to a spike in inflation.

14Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold Signal

                                                                                  Comex Gold Signal

Comex Gold Signal

Comex Gold signal

INTERNATIONAL COMEX NEWS

  • U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in a tweet that said oil prices are too high and that the cartel was “at it again.“
  • Gold prices were little changed in midmorning trade on Wednesday as traders looked ahead to the Federal Reserve’s policy decision. At 10:06AM ET (14:06GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 70 cents, or 0.05%, to $1,300.10 a troy ounce. According to data released on Wednesday, producer price inflation accelerated more than expected in May, underlining the case for the Fed to stick to its plans to hike interest rates gradually.
  • Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts at about $55 last year when that looked like a good deal. Now, it looks cheap. Those hedged bets will hold down revenues and further frustrate Wall Street investors, who have been disappointed by slow returns from the booming Permian Basin in west Texas.

ECONOMY NEWS

  • Shares of H&R Block Inc (N:HRB) fell as much as 21 percent on Wednesday, after the tax preparer said it expected profit margins to shrink as it invests heavily in technology to lure clients who do their own taxes. H&R, which helps corporations and individuals prepare their tax filings, might also see fewer clients using its services because the recent tax overhaul has made it simpler for people to file their taxes. The company is investing heavily in technology, changing pricing plans and will consolidate 400 offices to cut costs.
  • Switzerland is prepared to take a flexible approach to labor market rules in talks with the European Union on a new treaty, Foreign Minister Ignacio Cassis said, signaling movement on a potential stumbling block for any deal. Swiss rules for how foreign companies deploy workers for short-term projects are a thorn in the side for Brussels, which also wants the treaty to regulate Swiss state aid that could skew competition, diplomats say.
  • The Greek government could discuss the timing of a possible new bond issue after next week’s meeting of euro zone finance ministers which is expected to decide on debt relief measures for Athens, junior economy minister Alexis Charitsis said. Heavily indebted Greece, shut out of bond markets in 2010, has returned to the markets twice over the last 12 months in an attempt to build a cash buffer that could reassure investors after its third international bailout program ends in August.

Comex Gold Signal

Comex Gold signal

 

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