Comex Market

25Jun
SG_Seminar

Singapore Trading Investment Seminar 2016 by Epic Research Pte ltd.

“Learn the Art of Making Money by Day Trading Stocks…”

Epic Research Pte ltd is sharing the Art of Making Money by Day Trading Stocks by multiplying your money by trading stocks and applying the techniques to diversify your portfolio by trading mix of Large cap, Mid cap and penny stocks. Within Singapore Trading Investment Seminar 2016, we will provide you expertise for trading and save your time for tracking the market. We will let you strategize your trades by applying some good risk management factors to it, that will create a great impact on your profitability, and all these things are based on our expert technical and fundamental analysis. Kindly join it for achieving something unique.

VENUE :-
Cliftons Singapore.
Level 11, Finexis Building,
108 Robinson Road,
Singapore.

HURRY UP REGISTER HERE & BOOK YOUR SEAT – Free seminar on Day Trading Stocks.

24Jun

Comex Trading Signals and Market News – 24 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices inched higher in cautious European trade on Thursday, as investors remained on edge ahead of the U.K. vote on whether to leave the European Union.The vote on a potential Brexit was set to take place between 6:00GMT, or 7:00AM London time, and 21:00GMT, or 10:00PM in London, with results expected early Friday morning.
  • Gold futures struggled for direction near two-week lows in European trade on Thursday, as U.K. voters go to the polls for a referendum on European Union membership.The vote on a potential Brexit was set to take place between 6:00GMT, or 7:00AM London time, and 21:00GMT, or 10:00PM in London, with results expected early Friday morning.
  • Zinc futures were trading lower during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further traders are nervously eying the outcome of the EU referendum today with British voters deciding whether to keep their country in the trade block or exit the European Union.

ECONOMY NEWS :

  • A top Federal Reserve policymaker said on Thursday he is not advocating for interest rate hikes at this point and instead wants to “show more patience” waiting for the U.S. economy to show clearer signs of improvement. Dallas Fed President Robert Kaplan, speaking as results trickled in from Britain’s referendum on membership in the European Union, said he was concerned about the vote because the result could stress international trade, which could hurt global economic growth.
  • Bank of Japan policymakers remained deeply divided on whether to expand or scale back its massive stimulus program as they struggled to address weak inflation with a dwindling range options, a summary of opinions from a June rate review showed on Friday.While the rift has existed ever since BOJ Governor Haruhiko Kuroda deployed his huge asset-buying program in 2013, it is becoming more evident as dissenters to negative interest rates openly criticize the governor’s radical policies.
  • U.S. fund investors pulled out of riskier markets over the last week, data from Lipper showed on Thursday, as they braced for a British vote on its European Union membership even as stocks rallied.Investors pulled $6.1 billion from U.S.-based stock funds during the weekly period ended June 22, the data showed. That was the most pulled from the funds since the week ended May 4.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
  • SELL GOLD BELOW 1256 TARGET 1251 1245 SL 1261

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

23Jun

Comex Trading Signals and Market News – 23 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil rose further above $50 a barrel on Wednesday supported by an industry report that showed a large drop in U.S. crude inventories and a boost in investor risk appetite ahead of Britain’s referendum on EU membership.U.S. crude inventories fell by 5.2 million barrels, the American Petroleum Institute (API) said on Tuesday, far more than analysts expected.
  • Gold futures extended losses from the prior session in European trade on Wednesday, falling to the lowest level in almost two weeks as investors looked ahead to Thursday’s highly-anticipated referendum on whether Britain will choose to remain in the European Union. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to an intraday low of $1,263.80 a troy ounce, the weakest since June 9.
  • U.S. natural gas futures rose to a new nine-month high on Tuesday, as forecasts for continued above-normal temperatures across most parts of the U.S. throughout most of summer raised expectations for power generation demand to meet air conditioning needs. Updated forecasts released Monday said temperatures in the Midwest and eastern seaboard will be warmer than previously expected going into the July 4 holiday weekend.

ECONOMY NEWS :

  • The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty. The IMF expects U.S. economic growth of 2.2 percent in 2016, a downgrade from 2.4 percent it forecast in April. But the Fund maintained its outlook for growth to recover to 2.5 percent in 2017, with inflation rising slowly toward the Federal Reserve’s goal of two percent, it said in a statement at the conclusion of its annual review of U.S. economic policies.
  • The European Central Bank reinstated Greek banks’ access to its cheap funding operations on Wednesday after more than a year on an emergency lifeline and said it would examine later whether to add Greek debt to its asset purchases. The restoration is a big step toward normalizing an economy that is still in recession, weighed down by capital controls and adjustments related to Greece’s third bailout since 2010, agreed last year and worth up to 86 billion euros ($97 billion).
  • Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the “Brexit” vote in Britain over its membership in the European Union.”Brexit is a risk that we are monitoring. We will be watching closely to see what the vote is and what possible repercussions it might have,” Yellen told lawmakers on Wednesday ahead of Britain’s vote scheduled for Thursday, adding in response to a question over whether she has special meetings scheduled: “No, I have not.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
  • SELL GOLD BELOW 1260 TARGET 1255 1249 SL 1265

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

22Jun

Comex Trading Signals and Market News – 22 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices pushed lower in European trade on Tuesday, falling for the first time in three days as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products.Crude oil for August delivery on the New York Mercantile Exchange shed 23 cents, or 0.46%, to trade at $49.73 a barrel by 07:53GMT, or 3:53AM ET, after soaring $1.40, or 2.88%, a day earlier.
  • Gold futures extended losses from the prior session in European trade on Tuesday, as investors awaited testimony by Federal Reserve Chair Janet Yellen while looking ahead to Thursday’s highly-anticipated referendum on whether Britain will choose to remain in the European Union.Gold for August delivery on the Comex division of the New York Mercantile Exchange dipped $5.15, or 0.4%, to trade at $1,286.85 by 06:44GMT, or 2:44AM ET. A day earlier, gold shed $2.70, or 0.21%.
  • Lead futures fell during evening trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid sluggish physical demand for Lead by battery-makers in the domestic spot market.Traders also stuck to a cautious approach ahead of the crucial EU referendum on Thursday in which Britain will vote whether to break away from the European Union a move which could hurt the global economy and dampen the appetite for risky assets including commodities and push up the dollar with which metals have an inverse relationship.

ECONOMY NEWS :

  • Hedge funds, banks and insurance companies have recently jumped into “marketplace lending,” drawing the attention of U.S. regulators, who said on Tuesday they are concerned that borrowing by consumers and small businesses through online platforms may pose risks to U.S. financial stability.In its annual review of the U.S. financial system released on Tuesday, the Financial Stability Oversight Council (FSOC) consisting of all the country’s financial regulatory chiefs, also said it is watching events overseas, including this week’s “Brexit” vote and the turmoil in Venezuela. It also noted that China “is in the midst of long-term transitions in its economy,” which could have global implications.
  • Janet Yellen rebuffed any speculation that the Federal Reserve could provide emergency lending to Puerto Rico on Tuesday, telling Congress that any bailout to the debt-ridden commonwealth appears to be outside the U.S. central bank’s authority. “This is inherently a matter for Congress and is not something that’s appropriate for the Federal Reserve,” Yellen said in testimony before the Senate Banking Committee.
  • Financial markets need to consider the risks of relying heavily on the dollar-based London Interbank Offer Rate because this reference rate could stop being published, Federal Reserve Governor Jerome Powell said on Tuesday as a Fed-convened committee continued to zero in on an alternative to the so-called Libor.”Market participants are not used to thinking about this possibility, but benchmarks sometimes come to a halt,” Powell said in prepared remarks in New York for a roundtable discussion on a report on alternative reference rates.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TARGET 1277 1283 SL 1267
  • SELL GOLD BELOW 1269 TARGET 1264 1258 SL 1274

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

20Jun

Comex Trading Signals and Market News – 20 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices rose on Friday for the first time in seven days as markets took a breather from concerns about the impact of Britain’s possible exit from the European Union.Brent crude futures were up 59 cents, or 1.3 percent, at $47.78 a barrel around 0650 GMT after slumping 3.6 percent in the previous session.
  • Gold prices slid lower on Friday, as traders locked in profits from the precious metal’s rally to 23-month highs on Thursday, sparked by a broadly weaker U.S. dollar. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery lost 1.03% to $1,285.05. The August contract ended Thursday’s session 0.78% higher at $1,298.40 an ounce.
  • Copper futures were trading higher in the domestic market on Friday on pick up in spot demand even as metal weakened overseas. Market men attributed the rise in copper futures to a firming trend at the domestic spot market on the back of pick up in industrial demand.

ECONOMY NEWS :

  • The New York Federal Reserve said on Friday it had lowered its forecasts for U.S. economic growth in the second and third quarter largely due to recent negative data on domestic manufacturing activities.U.S. gross domestic product is on track to grow at an annualized pace of 2.1 percent, slower than the 2.4 percent rate estimated two weeks ago, while third-quarter GDP would moderate to a 2.1 percent growth rate from 2.2 percent calculated two weeks earlier, the regional central bank said on its website.
  • The U.S. economy is on track to grow by a 2.8 percent annualized rate in the second quarter following data on housing starts in May, Atlanta Federal Reserve’s GDPNow forecast model showed on Friday. The latest GDP estimate was unchanged from the pace calculated on Tuesday, the regional Fed said on its website.
  • Satisfying new accounting rules for bad loans should not be a burden for small banks, U.S. banking regulators said    on Friday. The Financial Accounting Standards Board this week set a new framework for loan-loss reserves: the formula for how banks should account for bad loans.The rules were conceived to reduce the likelihood that investors will get blindsided by a sudden deluge of bad loans, as they did during the 2007-2009 financial crisis.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1300 TARGET 1305 1311 SL 1295
  • SELL GOLD BELOW 1292.5 TARGET 1287.5 1281.5 SL 1297.5

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

17Jun

Comex Trading Signals and Market News – 17 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures were trading lower during the evening trade in the domestic market on Thursday on worries that Britain may vote to exit the EU next week drove investors away from risky assets.Investors focus shifted to safe-haven assets amid global worries weighed on Copper futures.
  • Gold futures were trading higher during the afternoon trade in the domestic market on Thursday as speculators raised their bets after the precious metal climbed above USD 1300 an ounce in the global markets.Rally in gold prices in the global market where it again went past USD 1300 after the US Fed scaled back the outlook for interest-rate increase and US Fed Chair Janet Yellen signaled rates may stay lower for longer raised appeal of the yellow metal influenced gold futures in domestic market.
  • Silver futures closed lower during the evening trade in the domestic market on Wednesday as speculators trimmed their exposure amid a weak trend in global markets.Speculators indulged in trimming of positions at existing levels and a weak trend in precious metals globally kept pressure on Silver futures.

ECONOMY NEWS :

  • The Federal Reserve left rates on hold on Wednesday and lowered projections for how much they will rise in the coming years.”We are quite uncertain about where rates are heading in the longer term,” Fed Chair Janet Yellen said. The U.S. central bank indicated that it still planned two hikes this year.The Fed lowered its growth forecast for 2016 to 2% from 2.2% and its outlook for 2017 to 2% from 2.1%.
  • The European Central Bank (ECB) and the Bank of England (BoE)have agreed to provide liquidity to each other if    needed, ECB governing council member Ewald Nowotny said ahead of Britons’ June 23 vote on whether to stay in the European Union. “There are agreements between the (ECB and the BoE) for mutual liquidity help, which means that if necessary it will be assured that there would not be liquidity bottlenecks either at English banks or at European banks,” Nowotny said on Thursday.
  • Global bonds extended this week’s rally on Thursday, with yields on Japanese and German 10-year government bonds dropping deeper into negative territory as investors digested the latest monetary policy decisions from the Federal Reserve and Bank of Japan, while continuing to worry about a potential U.K. exit from the European Union. The 10-year Japanese government bond yield hit a record low of -0.202% before climbing back to -0.198% by 09:25GMT, or 5:25AM ET. A negative yield implies investors are paying borrowers for the privilege of parking their cash. Bond prices move inversely to yields.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1302 TARGET 1307 1313 SL 1297
  • SELL GOLD BELOW 1300 TARGET 1295 1289 SL 1300

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

15Jun

Comex Trading Signals and Market News – 15 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil fell on Tuesday, as investor nervousness over next week’s vote on Britain’s possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices.Perceived safe-haven assets such as the Swiss franc and German Bunds rallied, while industrial commodities and equity markets, seen as more vulnerable to economic risk, fell after polls showed Britain’s “Leave” campaign leading before a referendum on EU membership.
  • Gold futures were lower in European trade on Tuesday, after climbing to a four-week high in the prior session, as investors readjusted positions ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day. While the Fed is widely expected to leave interest rates unchanged at the conclusion of its policy meeting at 18:00 GMT, or 2:00PM ET, Wednesday, the U.S. central bank could provide guidance on its pace of tightening over the next several months.
  • Silver futures were trading lower during the late morning trade in the domestic market on Tuesday as traders trimmed their positions amid tracking weak trend in global markets.Speculators indulged in trimming of positions at existing levels and a weak trend in precious metals globally kept pressure on Silver futures.

ECONOMY NEWS :

  • Evidence that the U.S. neutral rate of interest remains stalled near zero may slow Federal Reserve rate hikes even more than expected, tying the hands of policymakers until a rebound in global demand or other forces raise that key measure of the economy’s underlying strength.Though difficult to estimate precisely, the neutral rate is the point at which monetary policy neither encourages nor discourages spending and investment, and is thus a key measure of whether a given federal funds rate is stimulating or restricting the economy.
  • British finance minister George Osborne, battling to keep the country in the EU, warned voters that he will take new austerity measures if they decide to leave the bloc in next week’s referendum. With opinion polls showing momentum swinging to the “Out” camp, Osborne intensified the tone of his warnings about the consequences of a so-called Brexit, saying he would respond by increasing taxes and cutting spending.
  • Half of Chinese investors are holding back from buying property in Britain until after the country’s referendum on EU membership, a survey showed on Wednesday, though a quarter say they are more eager to complete purchases before the vote. A total of 51 percent of the 411 Chinese property professionals and investors surveyed by juwai.com, the largest real estate portal that targets Chinese buyers looking abroad, said the June 23 vote had made them hold back from deals.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1286.8 TARGET 1291.8 1297.8 SL 1281.8
  • SELL GOLD BELOW 1277.8 TARGET 1272.8 1266.8 SL 1282.8

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

14Jun

Comex Trading Signals and Market News – 14 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices edged lower in European trade on Monday, with the U.S. benchmark falling further below the $50-level amid indications of increased domestic drilling activity.Crude oil for July delivery on the New York Mercantile Exchange fell to an intraday low of $48.21 a barrel, the weakest level June 2. It last stood at $48.56 by 07:50GMT, or 3:50AM ET, down 51 cents, or 1.04%.On Friday, New York-traded oil prices sank $1.49, or 2.95%, after data showed the U.S oil rig count rose the second straight week last week, underlining concerns over growing supplies.
  • Gold futures extended last week’s strong gains in European trade on Monday, hitting a fresh four-week high as investors looked ahead to the Federal Reserve’s policy meeting later this week and amid mounting jitters over the upcoming referendum on whether the U.K. would remain in the European Union.The Fed is not expected to take action on interest rates at the conclusion of its two day policy meeting on Wednesday.
  • Copper futures closed lower in the domestic market on Friday as headwinds from a mid-term U.S. rate hike that have boosted the dollar added to pressure from tepid physical demand in top user China. The dollar was bolstered by an unexpected drop in domestic jobless claims last week calming some worries about U.S. economic growth decelerating in the second quarter.

ECONOMY NEWS :

  • U.S. Treasuries are not as safe as investors assume, fund manager Michael Hasenstab said on Monday, as full employment and rising inflation put pressure on central bankers to raise rates.The U.S. Federal Reserve could tighten monetary policy as inflation rises to 3 percent this year and oil prices stabilize, according to Hasenstab, chief investment officer of Templeton Global Macro, who spoke at the Morningstar Inc Investment Conference in Chicago.
  • The California Public Employees’ Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds.In May, CalPERS bought a 10 percent stake of the road’s concession, representing the first U.S. transportation investment for the nation’s largest public pension fund. The Indiana Toll Road had been acquired out of bankruptcy in 2015 for about 50 percent more than its original 2006 price by a fund made up of more than 70 U.S. pension plans.
  • Britain’s status as a trade power has become one of the most contentious issues in the European Union membership referendum on June 23.The uncertain outlook for exporters, and the implications for investment in Britain, are driving much of the nervousness in financial markets where the pound has weakened sharply.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1286.7 TARGET 1291.7 1297.7 SL BELOW 1281.7
  • SELL GOLD BELOW 1282.8 TARGET 1277.8 1271.8 SL ABOVE 1287.8

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

13Jun

Comex Trading Signals and Market News – 13 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices slid lower on Friday, as a stronger U.S. dollar weighed but the precious metal still remained within close distance of a three-week highs amid lower expectations for a summer U.S. rate hike. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.34% to $1,268.25.
  • Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery    demand and global supply disruptions lent some support.International Brent crude oil futures were trading at $51.59 per barrel at 0537 GMT, down 36 cents from their last settlement. U.S. West Texas Intermediate (WTI) futures were down 38 cents at $50.18 a barrel.
  • Copper futures closed lower in the domestic market on Thursday as dollar strengthened after U.S. data revived expectations of an imminent Fed rate rise while higher inventories reinforced negative sentiment.The dollar was bolstered by an unexpected drop in domestic jobless claims last week calming some worries about U.S. economic growth decelerating in the second quarter.

ECONOMY NEWS :

  • Growth in China’s fixed-asset investment and retail sales cooled unexpectedly in May, but factory output growth was steady, doing little to clear up uncertainty over prospects for the world’s second-largest economy. Factory output grew 6 percent in May from a year earlier, the National Bureau of Statistics (NBS) said on Monday. Economists polled by Reuters had expected growth to ease slightly to 5.9 percent from 6 percent in April.
  • Foreign investors are bailing out of Japanese stocks as a wobbly economy feeds disillusionment about ‘Abenomics’, sparking bouts of volatility in a market increasingly shaken up by policy decisions of the Bank of Japan. The trouble is that long-term focused foreign funds have turned bearish on doubts that Tokyo can pull Japan out of two decades of economic stagnation, despite more than three years of massive monetary and fiscal stimulus.
  • New York state regulators have asked Goldman Sachs Group Inc (N:GS) for details about probes into billions of dollars it raised in a bond offering for a scandal-hit Malaysian fund, a person familiar with the matter said on Friday. The New York State Department of Financial Services, in a letter sent late Thursday, asked Goldman for a report on its in-house investigation into the matter, as well as others by U.S. and foreign regulators, said the person, who was not authorized to publicly discuss the matter.

TRADING STRATEGY :

  • BUY GOLD AROUND 1240 TARGET 1245 1250 SL 1236
  • SELL GOLD AROUND 1250-1251 TARGET 1246 1240 SL 1253

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

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