Comex Market

9Mar

Comex Trading Signals and Market News – 09 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading higher during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal amid hopes that the European Central Bank (ECB) will unleash further monetary easing measures to prop up the Euro area economic recovery when it meets this Thursday a move which could boost gold a hedge against the inflationary risk of monetary stimulus.
  • Copper futures fell during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal after a sharp fall in China’s exports and imports in the month of February signaled concerns over the economic outlook for the world’s biggest metals consuming nation clouding the demand outlook for copper.
  • Oil prices were lower on Tuesday, pulling back from the prior session’s three-month highs as risk appetite waned after the latest trade figures out of China added to concerns over the health of the world’s second-biggest economy. Exports plunged 25.4% from a year earlier in February, far worse than forecasts for a decline of 12.5% and the worst monthly performance since May 2009, while imports dropped 13.8%, compared to expectations for a fall of 10.0%.

ECONOMY NEWS :

  • Bank of England Governor Mark Carney on Tuesday backed Prime Minister David Cameron’s European Union deal ahead of a June referendum on membership, saying the agreement allowed the central bank to do its job. While Carney said he was not making any recommendation about how to vote in the June 23 referendum, he gave a positive assessment of Cameron’s EU settlement.
  • Japan’s gross domestic product was down an annualized 1.1 percent on year in the fourth quarter of 2015, the Cabinet Office said in Tuesday’s revised reading, following last month’s preliminary reading that suggested a contraction of 1.4 percent. GDP expanded 1.3 percent in the third quarter. On a quarterly basis, GDP dipped 0.3 percent – which also marked an upward revision from 0.4 percent. GDP added 0.3 percent in the three months prior.
  • China’s exports tumbled in February though the massive slide reflected the shift in the timing of Chinese New Year. Exports plummeted 25.4% year-on-year in February, the biggest fall since May 2009, the General Administration of Customs reported today. At the same time, imports also plunged by around 14%. As the decline in exports outpaced the fall in imports, the trade surplus narrowed sharply to $32.6 billion from $63.29 billion in the prior.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1276 TARGET 1281 1287 SL 1270
  • SELL GOLD BELOW 1272 TARGET 1268 1262 SL 1278

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

8Mar

Comex Trading Signals and Market News – 08 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil futures have continued to gain today to hit above $36 per barrel mark – their highest in around five weeks amid a growing consensus that a multi-year low around $26 per barrel might have already emerged as a bottom for the commodity.WTI Crude oil futures witnessed good buying this week amid supportive cues from equities and a continued drop in the US rig counts.
  • Oil prices rose on Monday as tightening supply and an improving global outlook boosted market sentiment. The number of rigs drilling for oil in the U.S. fell below 400 for the first time since the financial crisis. The number of U.S. oil-drilling rigs has fallen sharply since oil prices began to fallExpectations of tightening supply and growing demand have fulled hopes that the oil market may have bottomed out.
  • Gold futures edged lower in European trade on Monday, but held near the prior session’s 13-month high as market players awaited comments from a pair of Federal Reserve officials later in the session for further clues on the path of future rate hikes.Federal Reserve Governor Lael Brainard is due to deliver a speech titled “Economic Outlook, Liquidity and Resilience” at the Institute of International Bankers Annual Washington Conference, in Washington D.C. at 18:00GMT, or 1:00PM ET, Monday.

ECONOMY NEWS :

  • The former head of a prominent British business lobbying group, who quit his post because he supports Britain’s exit from the European Union, accused Prime Minister David Cameron of scaremongering in comments published on Monday.British Chambers of Commerce (BCC) director general, John Longworth, resigned late on Sunday after he breached the group’s neutral stance on the in-out referendum to be held on June 23 by saying that the EU was incapable of meaningful reform and Britain could have a bright economic future outside the bloc.
  • Greece’s finance minister urged international lenders on Monday to complete their review of his country’s reform    measures by May 1 and bring to an end lengthy discussions over pension cuts.Disagreements between the International Monetary Fund (IMF) and Athens’s EU lenders over additional reforms Greece must implement to achieve its fiscal targets in 2018 are delaying the first review of its latest bailout, a hurdle the Greeks desperately need to clear to open the way for debt relief talks.
  • The Bank for International Settlements (BIS) warned that a global storm was rising for the world’s economy as central banks pushed rates into negative territory and may be running out of effective options.“The uneasy calm has given way to turbulence,” BIS chief Claudio Borio began his media brief on a quarterly report released on Sunday by the institution hailed to be the central bank of the central banks.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1268 TARGET 1273 1279 SL 1262
  • SELL GOLD BELOW 1257 TARGET 1252 1246 SL 1263

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

7Mar

Comex Trading Signals and Market News – 07 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold rose in European morning hours on Friday, to trade near the previous session’s one-year peak as investors focused on the upcoming U.S. nonfarm payrolls report for new hints on the Federal Reserve’s next policy moves.  On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were up 0.25% at $1,260.90.
  • Natural Gas futures shed more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity as hefty storage levels exacerbated concerns of oversupplies as the end of the winter heating season threatened to curb demand for the fuel in the US the world’s biggest consumer.
  • Silver futures rallied by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the precious metal as weaker than expected US economic data pushed back bets of a near-term interest rate hike by the Federal Reserve bolstering the lure for the bullion as a store of value.

ECONOMY NEWS :

  • Japan’s government named Makoto Sakurai, a think tank executive with ties to advocates of aggressive monetary policy easing in premier Shinzo Abe’s administration, to join the Bank of Japan’s board, a government document showed on Friday.Sakurai, 70, replaces Sayuri Shirai, a 53-year-old former International Monetary Fund economist and the only female in the nine-member board whose term ends on March 31.
  • Australian shares climbed to a two-month peak on Friday after gains in commodity prices underpinned the mining and financial sectors, while New Zealand stocks struck a record high, yet again.The S&P/ASX 200 index .AXJO edged up 0.3 percent or 16.4 points to 5,098.1 by 01:45 GMT. The benchmark is up 4.5 percent so far this week and if sustained, it would be the biggest increase in nearly five months.
  • China’s defence budget this year is likely to rise at its slowest pace since 2010, in line with the decelerating economy and by a much lower figure than had been expected in military and diplomatic circles, though it probably does not represent true spending.Fu Ying, spokeswoman for China’s parliament, said the figure would increase by about seven to eight percent from 2015, following a nearly unbroken two-decade run of double-digit budget increases.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1285 SL 1263
  • SELL GOLD BELOW 1258 TARGET 1252 1247 SL 1265

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

4Mar

Comex Trading Signals and Market News – 04 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures extended a slump during noon trade in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as forecasts for mild temperatures in March across the US threatened to curb demand for the heating fuel and expand a supply glut.The Commodity Weather Group called for warmer than normal weather in the US in the coming days reducing the need for gas-fired heating at offices and homes in the world’s biggest fuel consuming nation.
  • Gold futures drifted higher in European trade on Thursday, as investors looked ahead to key U.S. data later in the day to gauge if the world’s largest economy is strong enough to withstand further rate hikes this year.The U.S. was to release the weekly report on initial jobless claims at 15:30GMT, or 8:30AM ET, followed by the U.S. Institute of Supply Management’s report on service sector growth for February at 15:00GMT, or 10:00AM ET.
  • Crude prices gained further in Asia on Thursday as investors shrugged off bearish U.S. inventory reports. On the New York Mercantile Exchange, WTI crude for April delivery rose 0.40% to $34.80 a barrel. Brent rose 0.16% to $36.99 a barrel. Overnight, U.S. crude futures inched up on Wednesday remaining near one-month highs after a massive build in domestic inventories last week exacerbated concerns that top storage facilities nationwide could reach full storage capacity in the near-term future.

ECONOMY NEWS :

  • Foreign capital outflows from the South Korean securities markets continued for a fourth consecutive month in February but there were signs of the trend easing, the country’s finance ministry said on Thursday.Data from the ministry showed foreign investors reduced their holdings of South Korean domestic bonds by a net 4.2 trillion won ($3.46 bil lion) and sold a net 0.2 trillion won worth of stocks during February.
  • Australia’s deputy leader called for government unity on Thursday as Prime Minister Malcolm Turnbull’s polls plummet amid party divisions and ahead of a critical budget and looming election later this year.Deputy Prime Minister Barnaby Joyce said the honeymoon was over for Turnbull, who became leader in a party room coup in late 2015 and is now under pressure on several policy fronts and facing party instability blamed on the man he toppled, former prime minister Tony Abbott.
  • Bank of Japan Deputy Governor Hiroshi Nakaso on Thursday put the onus on the government to speed up structural reforms to boost the country’s growth potential and maximise the economic impact of the bank’s massive monetary stimulus programme.The former career central banker said it was technically possible to push interest rates further into negative territory, stressing the BOJ’s readiness to expand stimulus again if needed to achieve its 2 percent inflation target.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1245 TARGET 1250 1256 SL 1239
  • SELL GOLD BELOW 1235 TARGET 1230 1224 SL 1241

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

3Mar

Comex Trading Signals and Market News – 03 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Wednesday after industry data showing a huge build inU.S. crude stockpiles that were already at record highs.U.S. crude inventories jumped by 9.9 million barrels last week the American Petroleum Institute said after Tuesday’s settlement.That was well above a 3.6-million barrel increase expected by analysts.
  • Gold futures were slightly lower in European trade on Wednesday, as investors looked ahead to key U.S. data later in the day to gauge if the world’s largest economy is strong enough to withstand further rate hikes this year. The U.S. was to release the ADP employment report for February at 13:15GMT, or 8:15AM ET, amid expectations for a gain of 190,000 jobs.
  • Natural Gas futures sank more than 2 per cent during noon trade in the domestic market on Wednesday as investors and speculators shunned the energy commodity as forecasts for above normal temperatures threatened to cut demand for the heating fuel in the world’s biggest fuel consuming nation.Updated weather forecasting models called for the arrival of mild spring weather across parts of the US in the next ten days which may curb demand for gas-fired heating at offices and homes.

ECONOMY NEWS :

  • Parts of Australia’s Great Barrier Reef face permanent destruction if the current El Nino, one of the strongest in two decades, does not ease this month, scientists said on Wednesday.The El Nino is a result of a warming of the ocean in the western Pacific — ideal conditions for coral bleaching, where coral expels living algae, causing it to calcify. Coral can only survive within a narrow band of ocean temperature.
  • Euro zone banks have dealt well with rock bottom interest rates and their biggest problems are not caused by loose monetary policies, a top European Central Bank official said on Wednesday, paving the way for more policy easing next week.Bank earnings may be weak, constraining their ability to generate capital, but many have overcome negative central bank rates and the ECB’s commitment to price stability has actually supported banking profitability, Executive Board member Benoit Coeure said.
  • The Group of 20’s agreement that monetary policy alone cannot lead to balanced growth does not place any restrictions on the Bank of Japan’s ability to expand its negative interest rate policy, an adviser to Japan’s prime minister said on Wednesday.The BOJ should calmly study the impact of its negative rate policy, which came into effect last month, when deciding its next move, Masahiko Shibayama told Reuters in an interview.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1222 TARGET 1217 1211 SL 1228

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

2Mar

Comex Trading Signals and Market News – 02 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural gas futures tumbled by more than 1 per cent during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as fears mounted that demand for the heating fuel may wane with the winter season in the US the world’s biggest fuel consumer fast drawing to a close.
  • Gold futures rose in European trade on Tuesday, with prices re-approaching the highest level in a year amid mounting expectations for further stimulus measures from central banks in Asia and Europe.Weak Chinese manufacturing activity data released earlier underlined concerns over the health of the world’s second largest economy and raised hopes of additional stimulus measures in the near-term to support growth.
  • Oil prices edged higher on Tuesday as falling U.S. and OPEC production tightened an oversupplied market.U.S. government data on Monday showed crude output fell in December for a third straight month.Supply from OPEC has also declined, fallinby 280,000 barrels per day in February to 32.37 million.But weak economic data out of China and the prospect of slowing oil demand growth continued to weigh on prices.

ECONOMY NEWS :

  • Australia’s deputy prime minister on Tuesday urged the country’s A$1.8 trillion ($1.3 trillion) pension fund industry to boost its investment in agriculture as the sector gears up to meet strong demand from Asia.While foreign interest in Australian agriculture has soared, Deputy Prime Minister and Agriculture Minister Barnaby Joyce said it was baffling that local pension funds had just 0.3 percent of their total investment portfolio in the growing sector.
  • Japan’s finance ministry may need to undertake “sporadic intervention” in the currency market to limit the yen’s gains, a senior economic adviser to Prime Minister Shinzo Abe said on Tuesday.Koichi Hamada, an emeritus professor of economics at Yale University, said in an opinion piece for the Japan Times that the yen exchange rate was determined by monetary policy in recent years, and had not been manipulated by intervention.
  • India’s 2016/17 budget unveiled by Finance Minister Arun Jaitley on Monday is “pragmatic” and “balanced,” and its focus on the rural economy and job creation will bring long-term benefits, Reserve Bank of India Deputy Governor S.S. Mundra said.Mundra’s reaction, during an interaction with reporters on Tuesday, marks the first public comment from a senior RBI official on the budget.”It is a pragmatic budget, particularly if you look at the fiscal consolidation road map,” Mundra told reporters on the sidelines of a conference.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1245 TARGET 1250 1256 SL 1239
  • 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.

1Mar

Comex Trading Signals and Market News – 01 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Brent crude futures edged higher on Monday, adding to strong gains last week, on rising hopes the market has bottomed out though analysts warned it would still take a long time to clear a huge global glut. ,Brent futures (LCOc1) were trading at $35.28 per barrel at 1042 GMT (05:42 EST), up 18 cents from their previous close., Since Feb. 11, the last time Brent was below $30, the crude benchmark has risen some 17 percent, although prices are still a fraction of the $115 per barrel seen only 20 months ago.
  • Gold futures pushed higher in European trade on Monday, as sharp declines on China’s stock market drove investors to seek shelter in the safe-haven asset.The Shanghai Composite Index tumbled by more than 4% in early trading to hit levels not seen since late 2014, as China’s central bank guided the yuan to its weakest level in three weeks.
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exited positions in the precious metal after upbeat US economic data signaled strength in the world’s biggest economy despite global headwinds raising the case for the US Federal Reserve to hike interest rates this year after December’s initial lift-off dimming the lure for the bullion as a store of value.

ECONOMY NEWS :

  • The People’s Bank of China eased monetary policy on Monday by cutting the amount of cash that banks must hold as reservesIt was the fifth time since February 2015 that the PBOC cut the Reserve Rate Requirement as it seeks to revive a stumbling economyCutting the RRR will guarantee “ample liquidity” in the financial sector and encourage “appropriate growth” in the credit market the PBOC said.A lower RRR will give Chinese banks the leeway to lower borrowing costs and to make more money available to borrowers.
  • India needs to lower its debt to GDP ratio and materially lower its fiscal deficit for a ratings upgrade, Kyran Curry, S&P director, sovereign ratings in Asia, told Reuters after the federal budget was announced earlier on Monday.The country’s debt to GDP ratio falling to below 60 percent would bring a “clear upside” to the sovereign ratings, Curry said. It currently stands at 67 percent.”We are just seeing continuing a very, very slow pace in its (government’s) consolidation path. And that if anything, delays a ratings rise,” Curry added.
  • Expectations among people in Britain for inflation over the coming year rose to their highest level in five months in    January, according to a survey which followed a pick-up in official inflation data from below zero. The monthly YouGov/Citi survey, published on Monday, found year-ahead inflation expectations rose to 1.5 percent from 1.3 percent in December. Expectations for inflation over the next five to 10 years also rose to 2.9 percent from 2.7 percent, hitting their highest level since October 2014.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1225 TARGET 1220 1214 SL 1231

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

29Feb

Comex Trading Signals and Market News – 29 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold fell sharply on Friday after the Federal Reserve’s preferred gauge for inflation rose by its highest annual percentage in more than three years, augmenting hawkish sentiments for accelerated normalization in the U.S. central bank’s first tightening cycle in nearly a decade.On the Comex division of the New York Mercantile Exchange, gold for April delivery traded in a broad range between $1,212.10 and $1,240.90 an ounce before settling at $1,220.20, down 18.60 or 1.51% on the session.
  • Silver futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the precious metal as San Francisco Fed President John Williams stressed that the Fed should follow a broad policy of gradual interest rate tightening with the number of rate hikes in the current monetary tightening cycle dependent on inflation and other economic data dimming the lure for Silver as a store of value.The focus today will be on the revised US Q4 GDP estimates and consumer spending data.
  • Copper futures fell in the domestic market on Thursday as investors and speculators exited positions in the industrial metal as weak US economic data signaled concerns over copper’s demand outlook.Manufacturing activity in Kansas City shrank in February with the manufacturing gauge falling to -12 this month the lowest since 2009 from -9 in January as a reading below 0 signals contraction.

ECONOMY NEWS :

  • The Federal Reserve, facing the delicate task of explaining how it will forge ahead with rate hikes in a stormy world economy, is wary of again tying its actions to calendar dates but officials want to keep “forward guidance” as an emergency tool. San Francisco Fed President John Williams said on Friday such time-based guidance can be “like a sledgehammer … a powerful tool when it’s needed,” while Fed Vice Chairman Stanley Fischer said it is as close as the U.S. entral bank can get to a cohesive forecast.
  • EU and U.S. negotiators seeking a transatlantic free trade agreement expressed cautious optimism on Friday that they could resolve most issues by July, which could lead to a conclusion of a deal by the end of the year.The two sides are trying to agree on the Transatlantic Trade and Investment Partnership (TTIP), which supporters say could boost each economy by some $100 billion at a time of slowing growth in China and emerging markets.
  • China sought to restore confidence in its economy as financial leaders from G20 nations gathered in Shanghai on Friday, but Germany all but ruled out any coordinated stimulus to counter a deepening global chill.While the health of the world’s second-largest economy, which hosts the G20 presidency this year, is a key talking point around the two-day summit, the threat of the UK leaving the European Union and its political and economic implications have also surfaced as concerns among participants in the meeting.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TARGET 1230 1237 SL 1218
  • SELL GOLD BELOW 1217 TARGET 1212 1204 SL 1222

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

26Feb

Comex Trading Signals and Market News – 26 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Thursday after U.S. inventory data showing stockpiles at another record high last week.U.S. crude stockpiles rose 3.5 million barrels to reach an all-time high above 507 million barrels.Oil prices have fallen almost 70% since June 2014 with global production outstripping demand.
  • Natural Gas futures extended a slump during noon trade in the domestic market on Thursday as investors and speculators remained jittery ahead of the weekly US storage data which may show a below average drop in US gas supplies signaling weak demand for the heating fuel in the world’s biggest gas consuming nation.US gas supplies probably fell by 125 billion cubic feet in the week ended February 19 2016 compared to 158 billion cubic feet in the prior week 220 billion cubic feet in the same week a year ago and a five-year average draw of around 137 billion cubic feet.
  • Gold futures struggled for direction in Europe trade on Thursday, swinging between small gains and losses as investors continued to monitor movements in oil and global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange dipped $1.60, or 0.13%, to trade at $1,237.50 a troy ounce by 09:50GMT, or 4:50AM ET.’

ECONOMY NEWS :

  • Interbank money market rates in China rose noticeably Thursday as small banks rushed to borrow money to meet liquidity demand from a hike in their required reserve ratio with the People’s Bank of China.Last week, the PBOC said that under its dynamic RRR system, banks would see on Thursday what is now a standard yearly adjustment to “normal” levels.
  • Prices for mansions in Houston’s swankiest neighbourhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust. A fancy restaurant offers cut-price dinners.Twenty months into the worst oil price crash since the 1980s, well-heeled residents of the world’s oil capital are among the hardest hit largely because tanking energy firm shares make up much of oil and gas executives’ compensation.
  • A key measure of the market’s longer-term euro zone inflation expectations fell to a record low on Thursday in response to this week’s drop in oil prices.The five-year, five-year euro zone breakeven forward , which is closely watched by the European Central Bank and measures where markets expect inflation forecasts for 2026 to be at the start of 2021, hit a record low below 1.40 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TARGET 12601290 SL 1210
  • SELL GOLD BELOW 1227 TAGRET 1207 1177 SL 1157

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

25Feb

Comex Trading Signals and Market News – 25 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures extended a slide during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity after weather forecasts continued to point to warmer than average weather across parts of the US threatening to curb the demand for the heating fuel in the world’s biggest fuel consuming nation.
  • Silver futures were trading with slim losses during noon trade in the domestic market on Wednesday as investors and speculators shied away from booking fresh positions in the precious metal after a top US Federal Reserve official signaled that it was unclear whether the recent downturn in global financial markets may have a significant impact on the US economy raising speculation that the Fed’s course of tightening interest gradually may not be much affected dimming the lure for the precious metal as a store of value.
  • Gold futures pushed higher in Europe trade on Wednesday, as market players awaited comments from a barrage of Federal Reserve officials later in the session for further clues on the path of future rate hikes.Gold for April delivery on the Comex division of the New York Mercantile Exchange tacked on $4.60, or 0.38%, to trade at $1,227.20 a troy ounce by 09:15GMT, or 4:15AM ET.

ECONOMY NEWS :

  • Australia appointed its first agricultural advisor to its competition regulator on Wednesday as the country seeks to protect farmers who have long complained that profits are squeezed by the country’s dominant supermarkets and processors.Supporting farmers is seen as critical to Australia’s goal of becoming the “delicatessen of Asia” by capitalising on strong Asian demand for high -end produce that has seen the value of the country’s agricultural exports rise to about A$45 billion ($32 billion) last year.
  • Hong Kong rolled out a multi-billion dollar package of sweeteners to bolster its economy on Wednesday, as a slowdown in China and rising political tensions deepen its economic woes.In unusually blunt comments for a budget address, Financial Secretary John Tsang said “political volatility” was threatening to undermine the economy and warned disputes would intensify ahead of legislative elections this year, pitting the city’s democratic opposition against pro-Beijing and pro-establishment political parties. He said the conflicts must be resolved.
  • The “in” camp is ahead by a 12-point lead ahead of a referendum on whether Britain should stay in or withdraw from the European Union, but the gap has narrowed, according to the latest opinion poll.Support for staying in stood at 51 percent, while 39 percent wanted a so-called “Brexit” and 10 percent were undecided, according to the ComRes poll for the Daily Mail.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230 TARGET 1235 1241 SL 1224
  • SELL GOLD BELOW 1122 TAGRET 1117 1111 SL 1128

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

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