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23May

Gold silver Comex Commodity Trading Signals and Market News – 23 May 2014

INTERNATIONAL COMMODITY NEWS

  • Gold eased in Asia on Friday with demand prospects from China and India in focus. A pickup in Chinese manufacturing in May though still below expansion territory – and a new government in India may bode well for demand from the world’s top two gold importers. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,294.30, down 0.05%, after hitting an overnight session low of $1,290.20 and off a high of $1,303.90.
  • Silver comex for July delivery was down 0.06% at $19.508 a troy ounce. Copper futures for July delivery were flat at at $3.139 a pound.
  • Crude oil prices eased slightly in Asia Friday with the market looking ahead on demand prospects in countries such as China adn India. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $103.67 a barrel, down 0.07%, after hitting an overnight session low of $103.68 a barrel and a high of $104.20 a barrel.
  • Brent crude on the ICE futures exchange fell 19 cents, or 0.2%, to $110.36 a barrel Thursday.
  • Natural gas prices fell on Thursday after a weekly U.S. supply report revealed that inventories rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.390 per million British thermal units during U.S. trading, down 1.87%. The commodity hit session high of $4.503 and a low of $4.372. The June contract settled down 1.74% on Wednesday to end at $4.473 per million British thermal units.
  • Base metals made gains on Thursday afternoon, with data from the US, China and Europe providing some lift to the complex into the LME close. Copper ended at $6,875 per tonne, up $44 on Thursday’s close, with stocks falling for the 22nd consecutive day, down 1,750 tonnes at 177,350 tonnes. Cancelled warrants rose 1,925 tonnes to 64,950 tonnes. Aluminium at $1,796 was up $29 at the close after a 9,475-tonne stock fall to 5,222,700 tonnes, while cancelled warrants climbed 12,150 tonnes to 2,866,575 tonnes. Nickel closed $275 higher at $19,775 and stocks declined 348 tonnes to 279,672 tonnes. Cancelled warrants however, jumped 3,648 tonnes mostly in Johor, where total cancellations now stand at 71,922 tonnes. Lead concluded at $2,137, an increase of $14 – stocks and inventories cancelled warrants both declined 100 tonnes – and zinc at $2,079 was $12 higher, with inventories falling a further 5,300 tonnes to 734,350 tonnes. Tin climbed $215 to end at $23,190 and steel was quoted at $400/410 – stocks and cancellations both fell another 65 tonnes to 8,190 tonnes and 3,900 tonnes respectively.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.374. If it breaks the level of 4.349 it can touch the level of 4.309 & 4.258 respectively. If it sustain above the level of 4.481, it can touch the level of 4.521, 4.572 respectively.
  • SELL NATURALGAS-NYMEX BELOW 4.349 TGTS 4.309, 4.258 SL 4.394.
  • BUY NATURALGAS-NYMEX ABOVE 4.481 TGTS 4.521, 4.572 SL 4.436.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

16May

Comex Commodity Trading Signals and Market News – 16th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Friday on physical demand and as the CME cut the amount of collateral required to trade the benchmark gold and silver futures contracts overnight. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,296.50 a troy ounce, up 0.22%, after hitting an overnight session low of $1,291.10 and off a high of $1,307.30.

Silver comex for July delivery was up 0.09% at $19.502 a troy ounce. Copper futures for July delivery were up 0.09% at $3.147 a pound.

Crude oil prices edged up in Asia Friday in thin trade supported by ongoing tensions in the Ukraine and the potential for shits in U.S. policy or deals with China on crude exports. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.62 a barrel, up 0.12%, after hitting an overnight session low of $101.28 a barrel and a high of $102.25 a barrel.

• The front-month June contract for Brent oil expired Thursday, rising 25 cents, or 0.2%, to $110.44 a barrel on the ICE Futures Europe exchange. Most of the volume in the Brent market has rolled forward into the July contract, which settled down 22 cents, or 0.2%, at $109.09 a barrel.

Natural gas prices shot up on Thursday after data revealed inventories rose more than expected though still small enough to allay supply concerns. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.456 per million British thermal units during U.S. trading, up 2.03%. The commodity hit session high of $4.508 and a low of $4.327. The June contract settled up 0.21% on Wednesday to end at $4.367 per million British thermal units.

• The nickel price was hammered by waves of technically triggered long liquidation during active Thursday LME premarket trading – the downside correction that started yesterday accelerated. the copper price was trading at an unchanged $6,920 per tonne, having touched $6,940 on Wednesday. Attention was on nearby spread tightness, with ‘Tom/next’ (tomorrow/next day) trading at $2.00 backwardation and May/June at $15 premium. Warehouse stocks notched up their 17th successive daily fall – down a net 6,400 tonnes at 191,075 tonnes, the lowest since September 2008.The aluminium price traded at $1,803, a $5.50 loss – stocks were down 8,175 tonnes at 5,273,950 tonnes, a two-month low. Zinc at $2,080 was $23 lower while inventories fell 1,350 tonnes to 753,975 tonnes, the lowest since early March. Lead business at $2,145 was down $13 – stocks declined 950 tonnes to 191,225 tonnes, the lowest since September 2013. The tin price was $100 lower at $23,300, with a 100-tonne jump in stocks to 9,720 tonnes, the highest since April 1.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1462.25. If it sustain above the level of 1470, it can touch the level of 1478 & 1488 respectively. If it breaks the level of 1451, it can touch the level of 1443, 1433 respectively.

•BUY PLATINUM-COMEX ABOVE 1470 TGTS 1478, 1488 SL 1455.
•SELL PLATINUM-COMEX BELOW 1451 TGTS 1443, 1433 SL 1466.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

30Apr
forex-trading3

Forex Market Trading Signals and News of 30th April 2014

TRADING TIPS

Forex -Dollar higher vs. euro, sterling close to multi-year highs

Forex – USD/JPY gains on upbeat U.S. housing data, BoJ expectations

Forex – EUR/USD trims gains as dollar firms on U.S. housing data

USD/JPY

USD/JPY was up 0.29% and trading at 102.49, up from a session low of 102.05 and off a high of 102.62.The pair was expected to test support at 101.96, Friday’s low, and resistance at 102.73, Tuesday’s high.The dollar firmed after the National Association of Realtors reported that pending home sales jumped 3.4% in March, far surpassing expectations for a 1% gain.Pending home sales for February were revised to a 0.5% drop from a previously reported decline of 0.8%.On a year-over-year basis, pending home sales were still down 7.9% in March, though the data firmed the dollar by reminding investors that the Federal Reserve will continue tapering monthly bond purchases as the year unfolds.Fed bond purchases, currently set at $55 billion a month, weaken the dollar by suppressing long-term borrowing costs, and talk of their dismantling can strengthen the greenback.The Bank of Japan will hold a policy meeting on Wednesday, and the monetary authority is widely seen keeping its stimulus programs in place, which softened the yen.

EUR/USD

EUR/USD touched lows of 1.3812 and was last down 0.22% to 1.3818.The euro weakened across the board after Germany’s Federal Statistics Bureau reported that consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis. Market expectations had been for a monthly decline of 0.1% and an annual increase of 1.4%.The data came as investors were looking ahead to preliminary data on euro zone inflation, due for release on Wednesday.The euro rose to almost two-week highs against the dollar earlier amid expectations that Wednesday’s report would show an uptick in consumer prices, after the annual rate of inflation in the region slowed to a record low 0.5% in March. The ECB targets an inflation rate of close to but just under 2%.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6830

2. Sell GBP/USD Below 1.6810- TG: 1.6790/ 1.6760 SL 1.6840

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED

30Apr
SGX Singapore

Financial Sgx Singapore Stock Market Trading Picks And News – 30th April 2014

MARKET UPDATES

  • THE Singapore government has released two sites at Tuas and one at Woodlands for sale in a tender under the first half of its Industrial Government Land Sales (IGLS) programme. The 3.9-ha site at Woodlands Ave 12 released by URA is zoned for Business-1 development and has a maximum permissible gross plot ratio of 2.5 with 30-year tenure.
  • COCA-COLA’S affiliate, DP Beverages, has partnered Singapore’s Agency for Science, Technology and Research to expand its technology presence in the city- state and develop new innovations that will “add value to consumers and support a sustainable world”. Coca- Cola will be able to tap on advanced technology and research expertise to optimize its production processes.
  • A 99-year private housing site in Sims Drive has attracted four bids at a state tender that closed on Tuesday.The top bid, from Guocoland unit First Changi Development, was S$530.891 milion. This translates to S$687.88 per square foot per plot ratio (psf ppr). The second highest bid, translating to S$650.45 psf ppr, was made by a City Developments, Hong Leong Holdings and TID joint venture.

STOCK RECOMMENDATION

  • BUY HONGKONG LAND ABOVE 6.980 TG 7.060, 7.140, 7.220 SL 6.900

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

28Apr

Comex Commodity Trading Signals and Market News – 28th April 2014

Gold futures were higher on Friday, supported by renewed tensions between Russia and Ukraine, while markets awaited the release of U.S. consumer sentiment data later in the trading session. On the Comex division of the New York Mercantile Exchange, gold futures for  June delivery traded at $1,300.20 a troy ounce during European afternoon trade, up 0.76%. The June contract settled 0.47% higher on  Thursday to end at $1,290.6 a troy ounce.

Silver comex for May delivery dipped 0.03% to trade at $19.682 a troy ounce, while copper for May delivery edged down 0.09% to trade at $3.118 a pound.

Crude futures fell on Friday after investors sold the commodity for profits, keeping a wary eye on escalating tensions in Ukraine on concerns the standoff could affect shipments from energy-rich Russia. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.75 a barrel during U.S. trading, down 1.17%. New York-traded oil futures hit a session low of $100.51 a barrel and a high of $102.05 a barrel. The June contract settled up 0.49% at $101.94 a barrel on Thursday.

The ICE Futures Exchange in London, Brent oil futures for June delivery were down 0.57%, trading at US$109.71 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$8.96 a barrel.

A bearish weekly stockpile report revealing a larger-than-expected inventory build in the U.S. sent natural gas prices falling on Friday, as markets priced in a late-season cool snap and avoided the commodity. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.669 per million British thermal units during U.S. trading, down 1.14%. The commodity hit session high of $4.739 and a low of $4.646. The June contract settled down 0.51% on Thursday to end at $4.723 per million British thermal units.

Base metals slipped into the minus column during Friday’s LME premarket session, pulled back by a retracement in the copper market, where prices were unable to extend beyond early six-week highs. In the metals, copper touched $6,780 initially, its best since March 7, but then tracked back to $6,740 per tonne, a $13 loss from Thursday’s kerb. Nickel was consolidating below the previous day’s 14-month high of $18,600, trading at $18,300, a $50 loss. Stocks rose 678 tonnes to 277,734 tonnes.Tin also held under its six-month high of $23,849 yesterday, with business at $23,600, down $125 – there was a five-tonne increase in stocks to 9,450 tonnes. Aluminium has become sidelined below $1,900 in recent sessions – it was recently trading at $1,873, a $4 loss. Stocks jumped 11,875 tonnes to a two-week high of 5,339,325 tonnes due to a 19,125-tonne warranting in Vlissingen. Zinc at $2,059 was $13 lower but stocks dropped 3,100 tonnes to 786,475 tonnes. Lead business at $2,164 was down $4, with inventories falling 1,500 tonnes to 193,275 tonnes, the lowest again since mid-September.

TRADING STRATEGY

BRENTCRUDEOIL-NYMEX has closed @ 109.49. If it breaks the level of 109.33, it can touch the level of 108.93 & 108.30 respectively. If it sustain above the level of 110.57, it can touch the level of 110.97 & 111.62 respectively.
SELL BRENTCRUDEOIL-NYMEX BELOW 109.33 TGTS 108.93, 108.30 SL 109.93.
BUY BRENTCRUDEOIL-NYMEX ABOVE 110.57 TGTS 110.97, 111.62 SL 109.97

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED

28Apr
Forex Signals

Forex Market Trading Signals and News of 28th April 2014

➔ Forex – EUR/USD edges higher but upside seen limited
➔ Forex – USD/JPY slides on Ukraine unease, U.S. data support
➔ Forex – GBP/USD holds steady after upbeat U.K. retail sales data

GBP-USD
GBP/USD hit 1.6831 during European morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.6807, inching up 0.03%.Cable was likely to find support at 1.6718, the low of April 11 and resistance at 1.6842, the high of April 17 and a four-and-a-half year high.Official data showed that U.K. retail sales rose 0.1% in March, beaing expectations for a 0.4% fall. Retail sales in February were revised down to a 1.3% increase from a previously estimated 1.7% gain.A separate report showed that U.K. mortgage approvals rose by 45,900 last month, compared to expectations for an increase of 48,900. February’s mortgage approvals were revised down to a 47,200 rise from a previously estimated 47,600 increase.

EUR/USD
EUR/USD hit 1.3848 during U.S. morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.3841, adding 0.08%.The pair was likely to find support at 1.3792, Thursday’s low and resistance at 1.3884, the high of April 13.In a revised report, the University of Michigan said its consumer sentiment index rose to a nine-month high of 84.1 in April, from a reading of 82.6 in March. Analysts had expected the index to rise to 83.0 this month.The University of Michigan also said inflation expectations for the next 12 months ticked up to 3.2% in April, from the previous month’s estimate of 3.1%.Meanwhile, market sentiment remained fragile amid renewed tensions in Eastern Europe, after Ukrainian troops killed several pro-Russian rebels on Thursday,and Russian troops started military exercises close to its border with Ukraine.

RECOMMENDATION :-

1. Buy USD/CAD Above 1.1050- TG: 1.1090/ 1.1150 SL 1.1000
2. Sell USD/CAD Below 1.0995- TG: 1.0955/ 1.0895 SL 1.1050

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED

28Apr
financial

Financial Sgx Singapore Stock Market Trading Picks And News – 28th April 2014

MARKET UPDATES

  • SINGAPORE’S manufacturing sector expanded by a surprising 12.1 per cent in March compared to a year ago, thanks to double-digit jumps in transport engineering and biomedical output. This came after February’s revised year-on-year pace of 13.1 per cent(previously estimated at 12.8 per cent). The 18 economists polled by Bloomberg prior to the data release had a median growth forecast of 6.4 per cent.
  • RESALE prices of public flats here slipped further in the first quarter by 1.6 per cent from a quarter ago, afterfalling 1.5 per cent in the fourth quarter of last year, For the first time since 2007, HDB has ceased publication of the quarterly median cash-over- valuation by town and flat type.
  • OCBC will maintain the quality of its loan portfolio with its $6.23 billion acquisition of Wing Hang Bank, said OCBC chief executive Samuel Tsien on Thursday. Responding to a query at a shareholders’ meeting, Mr Tsien said Wing Hang’s non-performing loan ratio stands at 0.44 per cent, which is lower than OCBC’s 0.7 per cent.

STOCK RECOMMENDATION

  • BUY SMRRT CORPORATION ABOVE 1.280 TG 1.320,1.360, 1.420 SL 1.220

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

24Apr

Comex Commodity Trading Signals and Market News – 24th April 2014

Gold prices eased in Asia on Thursday in mild profit taking. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,283.60 a troy ounce, down 0.08%, after hitting an overnight session low of $1,281.00 and off a high of $1,289.00. Overnight, gold prices rose after disappointing home sales figures reminded investors benchmark interest rates in the U.S. will remain low for the foreseeable future, a recipe for firm gold prices.

Silver for May delivery was down 0.07% at US$19.425 a troy ounce, while copper futures for May delivery was down 0.02% at US$3.057 a pound.

Crude oil prices rebounded in Asia on Thursday after a decline on U.S. supplies reaching an all-time high in weekly EIA data going back to August 1982. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.58 a barrel, up 0.13%, after hitting an overnight session low of $101.21 a barrel and a high of $102.07 a barrel.

Brent crude on the ICE Futures Exchange fell 16 cents, or 0.2%, to $109.11 a barrel on Wednesday.

Natural carried Tuesday’s gains into Wednesday after updated weather-forecasting models continued to call for below- normal temperatures stretching across portions of the central and eastern U.S. in the coming week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.776 per million British thermal units during U.S. trading, up 0.37%. The commodity hit session high of $4.802 and a low of $4. 746. The June contract settled up 0.91% on Tuesday to end at $4.758 per million British thermal units.

The base metals were generally strong yesterday with average gains of 1.1 percent, copper bucked the trend it was down 0.2 percent at $6,657.50, while the rest were stronger, with nickel up 2.4 percent to $18,340, aluminium up 1.3 percent at $1,890 and the rest up around one percent.

TRADING STRATEGY

NATURALGAS-NYMEX has closed @ 4.721. If it sustain above the level of 4.795, it can touch the level of 4.840 & 4.894 respectively. If it breaks the level of 4.676, it can touch the level of 4.631 & 4.575 respectively.

BUY NATURALGAS-NYMEX ABOVE 4.795 TGTS 4.840, 4.894 SL 4.735.
SELL NATURALGAS-NYMEX BELOW 4.676 TGTS 4.631, 4.575 SL 4.736.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED

24Apr

Forex Market Trading Signals and News of 24th April 2014

➔ Forex – Euro extends gains after euro zone PMI surveys
➔ Forex – USD/CAD modestly higher after Canadian retail sales
➔ Forex – AUD/USD drops to 2-1/2 week lows after Australian data

USD/CAD
USD/CAD was last trading at 1.1042, up from 1.1028 ahead of the data.The pair was likely to find support at 1.0999, Tuesday’s low and resistance at 1.1075.The pair showed a muted reaction after Statistics Canada reported that retail sales rose 0.5% in February, in line with analysts’ forecasts, slowing from a downwardly revised increase of 0.9% in January.Core retail sales, which exclude automobile sales, rose 0.6%, in line with expectations.The pair has traded in a relatively narrow range this week, with the greenback supported by indications that the U.S. economy is recovering. The loonie, as the Canadian dollar is also known, remained
softer as the Bank of Canada’s dovish stance weighed

EUR/USD
EUR/USD hit highs of 1.3845, the strongest since April 17 and was last up 0.26% to 1.3841.
The pair was likely to find support at 1.3784, Tuesday’s low and resistance at 1.3865.The euro zone manufacturing purchasing managers’ index rose to 53.3 this month from 53.0 in March, compared to expectations for an unchanged reading.The bloc’s services PMI rose to 53.1 from 52.2 the previous month, better then forecasts for 52.4.The recovery in the euro zone’s largest economy accelerated this month, with activity in both the manufacturing and service sector strengthening.Germany’s manufacturing PMI rose to 54.2 from 53.7 in March, ahead of expectations for a reading of 54.0. The country’s services PMI increased to 55.0 from 53.0,
better than the 53.4 forecast by analysts.But growth in the French private sector lost momentum this month,with the country’s manufacturing PMI falling to 50.9 from 52.1 in March, and weaker than the 51.9 expected by analysts.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6820- TG: 1.6840/ 1.6870 SL 1.6784
2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED

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