Comex Market

2Jun

Comex Trading Signals and Market News – 02 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures tumbled by more than 1 per cent during late morning trade in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal after data showed that manufacturing activity in China the world’s biggest metals consumer continued to contract in May signaling a worsening economic slowdown in the country darkening the demand outlook for the metal.
  • Gold prices rose with investors noting mixed China PMI estimates. The Caixin manufacturing PMI came in at 49.2 below the 49.3 expected and down from the previous 49.4. Earlier in China the semi-official CFLP manufacturing PMI for May came in a bit higher than expected at 50.1 unchanged from the previous month.The non-manufacturing PMI for May came in at 53.1 down from 53.5 the previous month.
  • Crude oil prices fell as production from the major Middle East exporters was expected to remain high or even increase. Traders said that the dips were a result of the prospect of rising output from Middle East members of the Organization of the Petroleum Exporting Countries (OPEC) which meets this week in Vienna to discuss its market policy which most analysts say will continue to focus on defending market share instead of propping up prices by controlling output.

ECONOMY NEWS :

  • Japanese Prime Minister Shinzo Abe told lawmakers on Wednesday that he has decided to delay a scheduled sales tax hike by two-and-a-half years, putting his plans for fiscal reforms on the back burner amid more weakness in the economy. The widely-anticipated delay will be welcomed by a majority of voters, who will cast ballots in an upper house election in July. But it is fanning doubts about Abe’s plans to curb Japan’s huge public debt and fund ballooning social welfare costs of a fast-ageing population.
  • China’s central bank on Wednesday said it injected a total of 290.57 billion yuan ($44.1 billion) through short- and medium-term liquidity facilities in May to help support credit growth and the slowing economy.That amount of liquidity injections was down from 715.76 billion yuan in April.The People’s Bank of China extended 290 billion yuan to financial institutions in May via its medium-term lending facility (MLF), it said in a statement on its website.
  • The total amount of capital that euro zone banks are expected to hold as a safety buffer would not change even if part of it was expressed as non-binding “guidance” by the watchdog, one of the European Central Bank’s top supervisors said on Wednesday.”This adjustment to the…concept would not change the total capital level; it would just be divided differently between requirements and guidance,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the bank’s executive board, said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1223 TARGET 1228 1234 SL 1218
  • SELL GOLD BELOW 1213 TARGET 1208 1202 SL 1218

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

1Jun

Comex Trading Signals and Market News – 01 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled near the lowest level in more than three months in European trade on Tuesday, as investors returning from the long Memorial Day weekend awaited data that could back some Federal Reserve officials’ relatively optimistic views on the U.S. economy.The Commerce Department will release its core personal consumption expenditure (PCE) index for April, along with personal income and spending for the same month at 12:30GMT or 8:30AM ET.
  • Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting later this week, while U.S. crude edged higher as the summer driving season began.Brent crude oil futures were down 40 cents at $49.36 a barrel by 0839 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures traded 10 cents higher at $49.43 a barrel.
  • Natural Gas futures jumped during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for mild summer weather in the near-term bolstered hopes of a pickup in cooling demand.Updated weather forecasting models called for mild summer temperatures over the next two weeks which may boost demand for gas-fired air conditioning.About 50 per cent of US households use natural gas for cooling purposes.

ECONOMY NEWS :

  • Having dumped Asian shares on resurgent worries about China’s economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region’s bonds and currencies.A net $3.2 billion left Asian equity markets, excluding Japan, during the period May 1 to 24, the largest outflow since January, data from HSBC showed. Indonesia’s and South Korea’s bond markets, heavy recipients of foreign investment until March, are now seeing chunks of inflows reverse while Asia’s currencies have also fallen quite sharply.
  • Japanese Economy Minister Nobuteru Ishihara said on Tuesday there is no change to the government’s stance that it is trying to balance the need for economic growth with the need for fiscal discipline.Prime Minister Shinzo Abe will delay the tax hike by 2-1/2 years, sources told Reuters, due to worries the move could push down consumer spending even further and possibly hasten a return to deflation.
  • India probably gathered momentum to hold its ranking as the world’s fastest growing large economy in the quarter    through March, giving Prime Minister Narendra Modi more to celebrate after completing two years in office last week. Modi swept to power promising to revitalize Asia’s third-largest economy and, despite a dearth of private investment and shrinking exports, his policies are having some success as cooling inflation and lower interest rates have boosted consumer demand.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1214.3 TARGET 1219.3 1225.3 SL 1209.3
  • SELL GOLD BELOW 1209.5 TARGET 1204.5 1198.5 SL 1214.5

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

31May

Comex Trading Signals and Market News – 31 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures plunged during morning trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking a bearish trend in the overseas market as a stronger dollar curbed the lure for the bullion as an alternative asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.
  • Oil prices were modestly lower in quiet European trade on Monday, as a broadly stronger U.S. dollar prompted market players to lock in gains from a recent rally which took prices above the key $50-level.Both Brent and West Texas Intermediate oil futures cracked $50 late last week for the first time since October as traders eyed supply disruptions in Nigeria, France, Canada and Venezuela.
  • Gold futures fell sharply in European trade on Monday, dropping below the key $1,200-level for the first time since February as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.In remarks made during an appearance at Harvard University Friday afternoon, Federal Reserve Chair Janet Yellen said a rate hike in the coming months “would be appropriate,” if the economy and labor market continue to improve.

ECONOMY NEWS :

  • German Finance Minister Wolfgang Schaeuble said on Monday that the European Central Bank’s responsibility for the entire euro zone meant the institution was not implementing the best monetary policy for Germany. He said it was necessary to recognise that “the ECB has to pursue a policy in a currency union for all 19 member states that is not the optimal monetary policy for Germany”.
  • St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. “My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time,” Bullard told a news conference after speaking at an academic conference in Seoul.
  • India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers,
    as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.Unscrupulous operators have bilked savers of billions of dollars by running pyramid schemes or promoting questionable investments in everything from tree plantations to farming emus, a flightless bird.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1211 TARGET 1216 1222 SL 1206
  • SELL GOLD BELOW 1199.7 TARGET 1194.7 1188.7 SL 1204.7

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

30May

Comex Trading Signals and Market News – 30 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity after a bigger than expected increase in US crude stockpiles signaled a worsening supply glut. The EIA said that US crude inventories rose by 71 billion cubic feet in the week ended May 20 2016 above the 68 billion cubic feet increase expected by analysts.
  • Silver futures were trading lower during late morning trade on Friday as investors and speculators resorted to a cautious stance amid rising speculation that the US Federal Reserve will lift interest rates in June or July dimming the lure for the bullion as a store of value.St. Louis Fed President James Bullard on Thursday said that financial markets are correctly reading the chances of June rate hike adding that a tighter labour market may exert upward pressure on inflation.
  • Crude oil prices fell by 0.69 per cent on Friday as investors were worried that higher prices could reactivate shuttered crude output adding to global oversupply. Prices were also pressured by a strong greenback that was buoyed by generally positive US economic data amid growing expectations of a near-term rate hike. A stronger dollar reduced the appeal of the fuel as an alternative asset. Stronger greenback makes the fuel expensive for those holding other currencies thus reducing demand.

ECONOMY NEWS :

  • The European Central Bank’s nascent policy on working off bad bank loans may be extended to smaller lenders not directly supervised by the ECB, its chief supervisor said on Friday.The ECB is crafting new guidelines aimed at forcing banks, especially in financially stretched countries such as Italy, Greece and Portugal, to reduce the pile of soured credit sitting on their balance sheet.
  • China’s central bank condemned two recent news reports from foreign media about the country’s currency reforms    and monetary policy, the People’s Bank of China (PBOC) said on its official weibo account on Friday. The reports “fabricated facts, misled readers, misled markets,” the statement said, adding the central bank would investigate taking legal action.
  • Federal Reserve (Fed) chair Janet Yellen will make her first public appearance since the hawkish tone in the minutes from the U.S. central bank’s last policy move forced markets to recalibrate expectations for the continuation of monetary policy tightening.The minutes themselves along with a string of Fed officials insisting that the June 14-15 meeting was live pushed the odds of rate hike at the next gathering from 4% before the publication of the minutes to close to 40%. However, Fed fund futures have since backed down and placed the odds at 26% as of close of market yesterday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1223 TARGET 1228 1234 SL BELOW 1218
  • SELL GOLD BELOW 1199.7 TARGET 1194.7 1188.7 SL ABOVE 1204.7

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

27May

Comex Trading Signals and Market News – 27 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were higher in European trade on Thursday, after falling to a seven-week low overnight as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.Odds of a Fed rate hike for June stood at nearly 32% Thursday morning, according to futures markets. July odds were at about 60%.
  • Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing.Oil prices have rallied in recent weeks as a string of outages, due in part to wildfires in Canada and unrest in Nigeria and Libya, knocked out nearly 4 million barrels per day of production.
  • Crude oil prices rose by 1.17 per cent on Thursday boosted after US government figures showed a sharper-than-expected draw down in crude stocks last week.US crude stocks fell 4.2 million barrels to 537.1 million in the week to May 20 the steepest weekly drop in seven weeks the US Department of Energy’s Energy Information Administration said on Wednesday.

ECONOMY NEWS :

  • U.S. labor markets are relatively tight and may put upward pressure on inflation, St. Louis Federal Reserve President James Bullard said on Thursday.”By nearly any metric, U.S. labor markets are at or beyond full employment,” Bullard said in an OMFIF lecture in Singapore.”In short, labor markets are relatively tight,” he said. “This may put upward pressure on inflation going forward.”
  • China will push anti-corruption cooperation when it hosts this year’s G20 summit, Foreign Minister Wang Yi said on Thursday, after it suspended an international anti-corruption task force because domestic companies declined to participate.China suspended the task force, which had been drawing up G20 policies for increasing transparency of offshore financial structures, this year after taking over the G20 presidency, according to sources, who called it a setback to global efforts to crack down on shell companies.
  • The European Central Bank plans an in-depth review of how banks are coping with ultra-low interest rates and aims to establish a more consistent approach to supervising banks with high levels of bad loans, a top ECB regulator said on Thursday.”We plan in-depth reviews of the drivers of banks’ profitability at firm level and across business models,” ECB bank supervision board member Ignazio Angeloni said in a speech.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1231.5 TARGET 1236.5 1242.5 SL 1226.5
  • SELL GOLD BELOW 1225.3 TARGET 1220.3 1214.3 SL 1230.3

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

26May

Comex Trading Signals and Market News – 26 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures fell during morning trade in the domestic market on Wednesday as investors and speculators exited positions in the precious metal amidst growing speculation that the US Federal Reserve is moving closer to raising interest rates dimming the lure for the bullion as a store of value.
  • Gold prices fell by 0.46 per cent on Wednesday as investors continued to factor in an increased chance of a near-term US interest rate rise. Market players will pay close attention to comments from a number of Fed officials later in the day for further hints on the timing of a US rate hike. Besides the Fed speakers traders will focus on an advanced read on international trade for April and FHFA home prices.
  • Crude oil prices rose by 0.85 per cent on Wednesday after US industry stock data showed a sharp drop at the end of last week. The American Petroleum Institute said that crude oil stock dropped 5.137 million barrels last week compared to a decline of 3.3 million barrels seen as refineries typically ramp up gasoline production as the summer driving season approaches next week in the US with the Memorial Day weekend.

ECONOMY NEWS :

  • German Vice Chancellor Sigmar Gabriel on Wednesday welcomed an overnight euro zone deal with Greece that offers Athens its firmest offer yet of debt relief.”We welcome in particular the Eurogroup (of euro zone finance ministers) fundamentally agreeing on a package of debt relief for Greece,” Gabriel, leader of Germany’s centre-left Social Democrats, said in a written statement sent to Reuters.
  • Regulators have yet to get a firm handle on the world’s $35 trillion shadow banking sector with supervision and data gathering still too patchy for spotting risks properly, the global Financial Stability Board said on Wednesday. Banks face tougher rules since the 2007-09 financial crisis, prompting a shift in risks to shadow banking like repurchase agreements, securitization or pooling of debt, money market funds and securities lending by asset managers.
  • Confidence among Indian businesses fell to a five-month low in May led by weak export orders and higher raw materials costs. The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, fell to 61.8 in May from 62.4 in April. This is the third consecutive decline and was led solely by the manufacturing sector, while sentiment among construction and service sector firms improved.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230.30 TARGET 1235.30 1241.30 SL 1225.30
  • SELL GOLD BELOW 1220.20 TARGET 1215.20 1209.20 SL 1226.20

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

25May

Comex Trading Signals and Market News – 25 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures rose during morning trade in the domestic market on Tuesday amidst firm physical demand for the industrial metal in the domestic spot market. However the gains in the metal were restricted by worries over global growth as manufacturing in the US tumbled to the lowest level since September 2009 with the Markit Manufacturing PMI falling to 50.5 in May from 50.8 in April a tad above the neutral 50-mark.
  • Gold prices fell by 0.11 per cent on Tuesday as comments from Federal Reserve officials added to expectations that a rate hike could come as soon as June. The latest signal came from Philadelphia Federal Reserve Bank President Patrick Harker who said that two to three rate hikes are possible this year if the economy continues to grow as projected.
  • Crude oil prices rose by 0.15 per cent on Tuesday after Germany’s gross domestic product rose in the last quarter signaling bullish sentiment in the region which raised the demand outlook for the fuel. In a report Statistisches Bundesamt Deutschland said that German GDP rose by a seasonally adjusted 0.7 per cent the same as the preceding quarter. Analysts had also expected German GDP to rise 0.7 per cent in the last quarter.

ECONOMY NEWS :

  • Singapore ordered BSI’s operations in the city-state to close, as Switzerland started criminal proceedings against the private bank, in the biggest international crackdown on financial entities dealing with a troubled Malaysian state fund. The Monetary Authority of Singapore (MAS) said on Tuesday it had withdrawn BSI Bank’s status as a merchant bank in Singapore for serious breaches of anti-money laundering rules, the first time in 32 years it has taken such action against a bank.
  • Bank of England Governor Mark Carney defended the central bank’s decision to flag the risks of leaving the European Union on Tuesday, hitting back at one of his toughest critics who has called for him to resign.Carney said the outcome of the June 23 referendum could require the Bank to make a big reassessment to how it sets interest rates, something it needed to explain to businesses and households.
  • Leaders from the Group of Seven advanced economies will examine potential risks to the global economy when they gather this week for their summit in western Japan, government sources told Reuters.While the global economy was not at a critical stage, uncertainty was rising and the G7 leaders were expected to promote a combination of monetary, fiscal and structural policies to spur growth in their communique, the sources, who were not authorized to speak to the media, said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1247 TARGET 1252 1258 SL 1242
  • SELL GOLD BELOW 1240 TARGET 1235 1229 SL 1245

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

24May

Comex Trading Signals and Market News – 24 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled near three-week lows in European trade on Monday, adding to last week’s sharp losses, as markets continued to factor in the possibility of another interest rate hike by the Federal Reserve as early as June. Gold for June delivery on the Comex division of the New York Mercantile Exchange shed $1.90, or 0.15%, to trade at $1,251.00 a troy ounce by 06:45GMT, or 02:45AM ET.
  • Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output, returning investor attention to a global glut.Adding to signs the oil market will remain oversupplied, data showed last week the number of rigs operated by U.S. drillers held steady for the first time this year, following a near two-year slump in the rig count.
  • Natural gas futures jumped more than 2 per cent during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a bullish trend in the overseas market as a smaller than expected gain in US stockpiles eased worries over a supply glut.

ECONOMY NEWS :

  • Wall Street futures continued to move to the downside on Monday as markets digested the latest remarks on monetary policy from members of the Federal Reserve (Fed) with two more officials to speak later in the day. The blue-chip Dow futures dropped 27 points, or 0.15%, by 11:02GMT, or 5:02AM ET, theS&P 500 futures fell 3 points, or 0.16%, while the tech-heavy Nasdaq 100 futures traded down 4 points, or 0.10%.
  • A relatively tight labor market in the United States may put upward pressure on inflation, raising the case for higher interest rates, St. Louis Federal Reserve President James Bullard said on Monday.The comments come as financial markets have increased expectations for a U.S. interest rate hike in June or July and a range of policymakers are now stating that a rise is firmly on the table for the next policy meeting in June.
  • The president of the Federal Reserve (Fed) of St. Louis James Bullard compared and contrasted the difference between the current projection of the U.S. central bank on tightening monetary policy and market expectations on Monday and concluded that there was evidence to support both forecasts.In a speech titled “Slow normalization or no normalization”, Bullard pointed out that the Fed’s view suggested a gradual pace of rate increases over the next several years, while the market’s projection was much shallower, suggesting only a few increases over the forecast horizon which he considered to be “almost no normalization”.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1256.3 TARGET 1261.3 1267.3 SL 1251.3
  • SELL GOLD BELOW 1247.5 TARGET 1242.5 1236.5 SL 1252.5

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

23May

Comex Trading Signals and Market News – 23 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading higher during noon trade in the domestic market on Friday tracking a bullish trend in the global market as the sharp losses in the previous session amid bets of a Fed rate hike in June offered a good bargain buying opportunity to traders in the precious metal at existing levels.
  • Natural Gas futures fell in the domestic market during noon trade on Friday as investors and speculators exited positions in the energy commodity as rising US supplies signaled weak demand for the power plant fuel in the world’s biggest gas consuming nation.The EIA on Thursday said that US gas stockpiles climbed by 73 billion cubic feet to 2.754 trillion cubic feet in the week ended May 13 2016.
  • Gold prices fell by 0.19 per cent on Friday as market players continued to price in the improved chances of multiple rate increases from the Federal Reserve this year following hawkish comments from the US central bank on the likelihood of a June rate hike. Federal Open Market Committee (FOMC) said in the minutes from its April meeting that it will likely raise short-term rates at its next meeting in June if the economy continues to improve as expected.

ECONOMY NEWS :

  • Japan’s extraordinarily easy monetary policy, a source of friction with the United States for pushing the yen’s value down, has had some positive effects on emerging Asian economies, including increased growth and equity prices, International Monetary Fund researchers have foundThe IMF findings were released in a paper on Friday, as Group of Seven finance ministers and central bank governors began meeting in Japan, where divergent views on Japan’s monetary policy and currency market interventions were expected to be a hot topic.
  • The United States issued a fresh warning to Japan against competitive currency devaluation on Saturday, exposing a rift on exchange-rate policy that overshadowed a Group of 7 finance leaders gathering hosted by the Asian nation. Japan and the United States are at logger-heads over currency policy with Washington saying Tokyo has no justification to intervene in the market to stem yen gains, given the currency’s moves remain “orderly”.
  • A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans.The Alternative Reference Rates Committee (ARRC) said that together with the Federal Reserve it has identified the Fed’s Overnight Bank Funding Rate (OBFR) and the overnight rate on U.S. Treasury securities pledged as collateral in repurchase, or repo, transactions as alternatives.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1261 TARGET 1266 1272 SL 1256
  • SELL GOLD BELOW 1247 TARGET 1242 1236 SL 1252

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

 

20May

Comex Trading Signals and Market News – 20 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices fell by 1.87 per cent on Thursday as the minutes of the Federal Reserve’s April meeting weighed on the commodity with prospects for a rate hike as early as June expected to boost the greenback further. Federal Reserve sent strong indications in its April minutes that it could raise interest rates next month triggering a rapid increase in the slumping dollar.
  • Gold prices fell as minutes from the Federal Reserve suggested a near-term rate hike is possible. Minutes released by the Federal Reserve from its April policy meeting suggested an interest-rate increase in June was possible if incoming data showed an improving economy.
  • The report released by World Metal Statistics (WBMS) that this year, the global primary aluminum market was in a slight excess supply of 48,000 tons during the first 3 months of this year. The primary aluminum demand during the first 3 months was 13.28 million tons, reducing by 664,000 tons compared with the same period last year.

ECONOMY NEWS :

  • The International Monetary Fund backed Saudi Arabia’s sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices.Late last month, Deputy Crown Prince Mohammed bin Salman announced steps to reduce the kingdom’s dependence on oil exports over the next 15 years, including subsidy cuts, tax rises, sales of state assets, a government efficiency drive and efforts to spur private sector investment.
  • Global economic uncertainties and measures to deal with tax evasion will be among the key topics that finance leaders of the G7 advanced economies will discuss at a weekend meeting, Japanese Finance Minister Taro Aso said on Thursday.Bank of Japan Governor Haruhiko Kuroda also warned that there are “various challenges” that G7 economies need to address as the global economy suffers from subdued growth.
  • The first batch of foreign commercial banks has registered to directly trade yuan used for overseas trade settlement and can begin doing so on Friday, the foreign exchange market operator said. Approved foreign commercial banks include CTBC Bank, Taipei Fubon Bank, Standard Chartered (L:STAN) and Citibank Hong Kong Ltd (C).Foreign central banks have already been approved to trade directly in the country’s massive interbank forex market.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1262 TARGET 1267 1273 SL 1257
  • SELL GOLD BELOW 1252 TARGET 1247 1241 SL 1257

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

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