Daily Archives: February 1, 2019

1Feb

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Many market pundits think gold will come off its highs soon and see lackluster moves till the year end. For now, the yellow metal’s momentum at the top is telling a different story. For a fourth day in a row, benchmark February gold futures on New York Mercantile Exchange’s Comex division hit highs above the key $1,300-an-ounce level. The last two session have been particularly remarkable for February gold as it made highs on days when even the dollar, a contrarian trade to gold, rose.
  • U.S. homes and businesses will likely use record amounts of natural gasfor heating on Wednesday as an Arctic-like freeze blankets the eastern half of the country, according to energy analysts. Harsh winds brought record-low temperatures across much of the Midwest, unnerving even residents accustomed to brutal winters and keeping them huddled indoors as offices closed and mail carriers halted their rounds.
  • U.S. oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing signs of tightening supply in the United States. U.S. West Texas Intermediate (WTI) crude futures were at $54.41 per barrel at 0052 GMT, up 19 cents from their last settlement. WTI futures closed up 1.7 percent on Wednesday, when prices touched their highest since Nov. 21 at $54.93 a barrel.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Standard & Poor’s upgraded New Zealand’s credit outlook to “positive” on Thursday, saying expected budget surpluses in coming years would allow the country to reduce its debt and provide resilience to future risks. S&P reaffirmed its sovereign credit rating at AA+, the second highest, and revised its outlook from stable. “The positive outlook on the long-term ratings on New Zealand reflects our view that the general government budget could achieve a surplus in the early 2020s,” S&P said in a statement.
  • Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank must contain the side effects of its policy to maintain its current “powerful” monetary easing for a prolonged period. Amamiya said it was taking longer than initially expected to achieve the BOJ’s 2 percent inflation target, as firms were keeping costs low by streamlining operations and price-sensitive households were discouraging companies from raising prices.
  • Fragile equity markets forced Federal Reserve Chairman Jerome Powell to pledge on Wednesday that the U.S. central bank will be patient with future interest rate hikes, said DoubleLine Capital Chief Executive Jeffrey Gundlach. “He’s caving to the stock market. The stock market scared him,” in late 2018, Gundlach, who oversees $123 billion, said in a phone interview with Reuters. Powell, citing rising uncertainty about the U.S. economic outlook, said the case for raising rates had “weakened,” and the U.S. central bank in a post-meeting statement dropped its earlier expectation for “some further” tightening.

GOLD TRADING FORECAST TODAY

For More information and daily updated KLSE stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.my or Whatsapp us at +917312580605

1Feb

Singapore Stock Watch: Singapore shares open higher on Friday, STI up 0.17% to 3,195.71

Singapore Stock Watch: SINGAPORE stocks opened somewhat higher on Friday, with the Straits Times Index progressing 5.54 focuses, or 0.17 percent to 3,195.71 as at 9.05am.

Gainers dwarfed washouts 59 to 54, after about 60.2 million offers worth S$118.5 million changed hands.

The most effectively exchanged counter was seaward vitality organization Ezion Holdings, which exchanged unaltered at S$0.054, with around 8 million offers evolving hands.

Other dynamic stocks included Thai Beverage, which rose 1.37 percent, or one Singapore penny to S$0.74, and Golden Agri-Resources, which exchanged level at S$0.255.

Financial plan 2019 will proceed with government’s procedure for exploring worldwide vulnerability: Indranee

THE Singapore Government will keep its 2019 Budget went for helping the economy explore worldwide vulnerabilities through development, internationalization and ability working for laborers, said Minister in the Prime Minister’s Office and Second Minister for Finance and Education Indranee Rajah on Friday morning.

In a meeting on business and individual back radio station MONEY FM 89.3, she noted exchange strains, the stoppage in China’s ongoing financial figures, the International Monetary Fund and World Bank’s admonitions of “darker skies ahead” and the troublesome capability of innovation.

“Financial plan 2019 is a continuation of our system to graph an unfaltering course through this sort of monetary vulnerability,” she said.

Approached about help for little and medium ventures (SMEs) specifically, she answered: “The best help is truly to help SMEs to be profitable, to assist them with seeing how to best scale up, how to join forces with greater elements to get to circumstances.” This year’s Budget will center “a considerable amount” on these territories, just as moves to additionally urge SMEs to unite as one – albeit such association is most normally completed in terms of professional career affiliations and chambers, she included.

Concerning managing the disturbance brought about by mechanical change, “the key is helping individuals to most likely deal with it,” she said. Refering to the current SkillsFuture plot, she included: “That will proceed yet we’ll take a gander at manners by which you can enable individuals to further.”

Monetary issues aside, the current year’s Budget will have a social spotlight on training and medicinal services specifically, as Finance Minister Heng Swee Keat prior referenced, just as measures to empower volunteering. Ms Indranee included that there will be a “unique spotlight on the underprivileged”.

On the perpetual inquiry of how to support spending, she noticed that Singapore “can’t over-depend” on the net speculations return commitment, which originates from venture returns on the stores, in light of the fact that the venture atmosphere varies. The forthcoming climb in merchandise and ventures impose from 7 percent to 9 percent, due somewhere in the range of 2021 and 2025, goes in close vicinity to this specific situation and in perspective of the long haul needs of human services and a maturing populace. The correct planning of the climb, be that as it may, will rely upon the monetary circumstance and conditions in the following term of government, she included.

With respect to the online business impose due in 2020, Ms Indranee said the administration is “as yet chipping away at it” and would not be drawn into uncovering more: “Watch this space, however nothing to add on that specific subject until further notice.”

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.