13Aug

SINGAPORE STOCK WATCH: Singapore shares end bring down on Monday

SINGAPORE STOCK WATCH:
Offer costs in the Singapore bourse shut lower on Monday, with the key Straits Times Index down 39.44 focuses, or 1.2 for every penny, to 3,245.34.

Around 2.31 billion offers worth S$1.2 billion altogether changed hands, which worked out to a normal unit cost of S$0.52 per share. Washouts dwarfed gainers 276 to 164.

The most effectively exchanged stock was ThaiBev, which lost two Singapore pennies, or 2.8 for each penny, to end at S$0.70 after 64 million offers changed hands. Different actives included Yangzijiang Shipbuilding Holdings and SingTel.

Dynamic Group required an exchanging end before showcase open, pending the arrival of a declaration. No declaration had been made as at showcase close.

 

Saudi puts its cash on tech as it plans for life after oil

The world’s greatest unrefined exporter is future-sealing itself against oil’s decrease by putting resources into cutting edge innovations.

Saudi Arabia has collected a stake in electric auto producer Tesla Inc. for about US$$2 billion through its Public Investment Fund and plans to be a piece of any financial specialist pool that rises to take the organization private. That is over a US$3.5 billion interest in ride-sharing organization Uber Technologies Inc., a US$45 billion pledge to SoftBank Group Corp’s. US$100 billion innovation subsidize and an arranged venture of about US$1 billion in Virgin Group’s space organizations.

Neom, an arranged US$500 billion modern cities that it’s trusted will have a larger number of robots than individuals on a destroy landmass in the kingdom’s northwest is additionally part of the arrangement. The city will have a connection “with computerized reasoning, with the web of things — everything,” Crown Prince Mohammed canister Salman said in October, when Neom was reported. The task incorporates a scaffold spreading over the Red Sea, interfacing the proposed city to Egypt and whatever is left of Africa.

While the International Energy Agency sees oil request rising in excess of 10 percent to 103.5 million barrels every day by 2040, propels in vehicle effectiveness, the ascent of electric autos, more tightly emanations benchmarks and movements to other fuel sources would bring about rough request much lower than the business is betting on. Around 60 percent of oil is utilized as a part of transportation, which is additionally where the greatest mechanical changes are rising.

13Aug

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices traded higher on Friday as investors flocked to safe-haven assets while U.S. President Donald Trump announced the implementation of higher tariffs on Turkey. At 11:32 AM ET (15:32 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $1.55, or 0.13%, to $1,213.93 a troy ounce. “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish lira, slides rapidly downward against our very strong dollar!”
  • Metals prices were mostly lower Friday as a plunging euro pushed the dollar above a year high, rattling investor sentiment on dollar-dominated commodities. But gold steadied on safe-haven demand. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.90, or 0.07%, to $1,219.00 a troy ounce, but remained above an intraday low of $1,213.20.
  • WTI crude oil prices slumped to a weekly loss, despite settling higher Friday on renewed bets on steeper losses of Iranian crude from market. Expectations for a rebound in oil demand growth also lifted sentiment. On the New York Mercantile Exchange crude futures for September delivery rose 82 cents settle at $67.63 a barrel, while on London’s Intercontinental Exchange, Brent rose 0.97% to trade at $72.77 barrel.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China’s state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in strong shape. Commentaries in the People’s Daily, China’s top newspaper, likened the United States to a bull in a China shop running roughshod over the rules of global trade and said that China was “still one of the best-performing, most promising and most tenacious economies in the world.”
  • Talks between the United States and Mexico over the future of the North American Free Trade Agreement were set to drag into next week, as auto industry officials said on Friday that new sticking points had emerged over President Donald Trump’s threat to impose steep automotive tariffs. Auto industry officials familiar with the talks said the Trump administration wants the ability to impose national security tariffs on future Mexican production from new auto assembly and parts plants.
  •  Japan’s Economy Minister Toshimitsu Motegi said on Friday he had had productive trade talks with U.S. Trade Representative Robert Lighthizer and that they planned to meet again in September. He said both acknowledged the importance of expanding trade between the two nations. “We agreed to seek ways to promote Japan-U.S. trade by working out gaps between the two nations and expand areas to cooperate based on shared understanding,” Motegi told re

COMEX GOLD SIGNAL

10Aug
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INTERNATIONAL CURRENCY BUZZ
Forex – US Dollar Digestion Comes Back Ahead of US Inflation
Forex – GBP/USD spikes and retreats, back below 1.2900 handle
Forex – EUR/USD stays below 1.1600 post-US data

EUR/USD

The single currency keeps the negative ground so far today and is now prompting EUR/USD to navigate within the daily range below the 1.1600 milestone. The pair remained apathetic despite today’s US docket came in on a mixed tone. In fact, US Producer Prices came in flat on a monthly basis during July and rose 3.3% over the last twelve months. Prices excluding energy and food costs gained 0.1% inter-month and 2.7% on a yearly basis. Further US releases saw Initial Claims rising 213K WoW, bettering estimates and taking the 4-week Average to 214.25K from 214.75K. In the meantime, spot is looking to consolidate after failing to break above the 1.1630 region earlier in the week. The inability to move further north of this area could originate some consolidation in the near term with the likelihood of a deeper retracement afterwards.

GBP/USD

The GBP/USD pair reversed an early dip to fresh 11-month lows and spiked beyond the 1.2900 handle in the last hour, albeit quickly retreated around 20-25 pips. Incoming Brexit headlines continue to play a key role in driving the sentiment surrounding the British Pound, with some positive Brexit development helping the pair to stage a goodish rebound from an intraday low level of 1.2942. According to a report, via the Business Insider, the EU member states are reportedly willing to consider a Brexit deal, which will allow Britain to remain in the single market for goods while opting out of the free movement of people. The news provided a minor boost to the British Pound and prompted some short-covering move from a support marked by a downward sloping descending trend-channel formation on the daily chart. The uptick, however, lacked any strong follow-through as investors believed that any such deal is likely to get rejected in the UK Parliament as it will limit the country’s ability to strike a new free trade deal.

 

10

9Aug

Europe’s stocks shrink; US sanctions pummel Russia’s ruble

Asian offers were stifled on Thursday after another round of one good turn deserves another taxes in the U.S.- Sino exchange strife torpedoed oil costs, while the Russian rouble tumbled as the U.S. slapped new authorizes on the nation.

European securities exchanges battled on Thursday with exchange war stresses, Russia’s ruble tumbled after the United States forced crisp authorizes on the nation and Turkey’s lira dropped to an amazing failure.

A rally in Chinese stocks had helped balanced the most recent acceleration in the Sino-U.S. exchange war in Asia medium-term, however an excessive amount of was going on adjacent for Europe to remain upright.

London’s FTSE , Frankfurt’s DAX and Paris’ CAC40 were down 0.6 percent, 0.1 percent and 0.4 percent individually, while German government bonds ascended in expansive get for security.

However, the principle firecrackers were in the money markets. The Russian rouble sank after Washington said it would force crisp approvals since it had established that Moscow had utilized a nerve specialist against a previous Russian operator and his little girl in Britain.

There were likewise reports of another U.S. Senate charge that would force across the board endorses on Russia for interfering in U.S. decisions.

The ruble slid to its most reduced since late 2016, 66 rubles to the dollar. The Russian cash dropped 1 percent in the wake of falling 3 percent medium-term.

7Aug

Singapore Stock Watch :Singapore shares end higher on Tuesday

Singapore Stock Watch :

SINGAPORE shares shut higher on Tuesday, with the Straits Times Index up 1.7 for each penny or 54.66 focuses to 3,340.

Around 1.99 billion offers worth S$1.37 billion altogether changed hands, which worked out to a normal unit cost of S$0.69 per share.

Gainers dwarfed failures 249 to 158.

The most effectively exchanged stock was Genting Singapore, which shut S$0.01 or 0.9 for each penny bring down at S$1.12 with 46.5 million offers evolving hands.

Different actives included ThaiBev and Ezion Holdings.

Singapore’s fintech stage Rate brings $15m up in token deal from Matrix Partners, others

Singapore-based fintech organization Rate has brought $15 million up in a token offering through its cross-outskirt installments blockchain venture Rate3 from speculators including Matrix Partners China and Fenbushi Capital author Bo Shen. The token deal was likewise joined by crypto-centered VC firms Node Capital, Kenetic, FBG Capital and Signum Capital. Continues will be utilized for specialized item improvement and extension to different markets. Rate3 is a blockchain-based settlement and leeway stage that encourages cross-outskirt installment and credit scoring for SMEs and people. “We trust that blockchains have not achieved standard selection in light of the fact that the present framework isn’t prepared yet. In the first place, there are no basic legitimate structures to tie possession and control of true resources for computerized tokens. Second, there are as yet many varying savvy contract gauges and in conclusion, the present character environment on blockchains is as yet divided.

Without normal benchmarks, government controllers will likewise think that its difficult to manage and review blockchain organizations,” said Rate prime supporter and CEO Jake Goh. The aggregate subsidizing got sums to 25,000 ether (ETH), the advanced token on the Ethereum organize. Rate3’s tokenized resources can likewise exit as Steller resources. Preceding the most recent gathering pledges, Rate had raised a $2.3-million pre-Series A round co-driven by Alpha JWC Ventures and Insignia Venture Partners in March 2018. Rate says it looks to guarantee honesty and security of monetary exchanges over its stage and relieve fakes in the web based business and online installment space that are required to reach $41.7 billion by 2020. “As a backer of blockchain advances and subsequent to having sponsored 400 organizations, the test for ventures to receive blockchain is extremely genuine. We trust Jake has the perseverance and foreknowledge to rally his group to execute Rate3’s vision of a tokenized world among ventures,” said David Su of Matrix Partners China. A few trades on which RTE tokens are exchanged incorporate Bibox FCOIN, Coinrail, ABCC trade, DDEX, DEX.top and IDEX.

To get more updates on Singapore Stocks Watch and best Singapore Stocks Tips, Click here SGX Stock Tips

 

 

7Aug

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices hovered near a 17-month low on Monday amid lingering worries over the U.S.-China trade conflict, while a stronger U.S. dollar also put pressure on the yellow metal. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $0.9, or 0.07%, to $1,224.4 a troy ounce by 1:50AM ET (05:50 GMT). Chinese authorities announced on Friday that it would impose tariffs, ranging from 5% to 35%, on $60 billion in U.S. goods that include many agriculture-related goods if the U.S. proceeded with placing more tariffs on Chinese imports.
  • Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. Markets also anticipated an announcement from Washington later on Monday on renewed U.S. sanctions against major oil exporter Iran. So-called “snapback” sanctions are due to be reinstated at 12:01 a.m. EDT on Tuesday, according to a U.S. Treasury official. Spot Brent crude oil futures were at $73.42 per barrel at 0653 GMT on Monday, up 21 cents, or 0.3 percent, from their last close.
  • For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. But a new pipeline that will carry gas direct from Russia under the Baltic Sea to Germany is doing rather less for friendship, driving a wedge between Germany and its allies and giving Chancellor Angela Merkel a headache. For U.S. President Donald Trump, Nord Stream 2 is a “horrific” pipeline that will increase Germany’s dependence on Russian energy.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Indonesia handed over to Malaysia on Monday a $250 million luxury yacht, impounded earlier this year as part of an international hunt for assets purchased with billions of dollars allegedly siphoned off from state fund 1Malaysia Development Bhd. Malaysia’s Prime Minister Mahathir Mohamad thanked Indonesian President Joko Widodo, in a video posted on his Facebook (NASDAQ:FB) page, for facilitating the yacht’s handover.
  • The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday. It gave no other details.
  • More than five years into a radical plan to boost the world’s third-biggest economy, the Bank of Japan sent a message of quiet surrender last week, admitting it couldn’t stoke inflation and walking back steps intended to do so. The man leading the BOJ away from its program of unprecedented asset-buying and low or negative interest rates is the man who largely crafted the measures in the first place, bank deputy governor Masayoshi Amamiya. A fan of classical music who has recently begun to favor Russian composers, Amamiya “plays the piano, guitar and flute well,” says a person who has known him for decades.

GOLD TRADING FORECAST TODAY

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6Aug

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices traded lower while the dollar was little changed ahead of the U.S. July job reports due later in the day. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $4.0, or 0.33%, to $1,216.10 a troy ounce by 1:40AM ET . The dollar was little changed as traders await the monthly jobs report for more cues. The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was down 0.01% to 94.99 on Friday.
  • Oil prices were mixed on Friday after strong gains in the previous session on reports that crude supplies fell at a domestic delivery hub at Cushing, Oklahoma. Crude Oil WTI Futures for September delivery climbed 0.15% to $69.06 per barrel at 1:30AM ET , while Brent Oil Futures for October delivery were down 0.08% to $73.39 for one barrel.
  • Metal prices traded mostly lower, pressured by a rising dollar and escalating U.S.-China trade tensions as the White House sought tougher sanctions on Beijing. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $7.10, or 0.58%, to $1,220.50 a troy ounce, just above session lows of $1,228.90. U.S. President Donald Trump proposed a higher 25% tariff on $200 billion worth of Chinese imports, his administration said on Wednesday, raising fears of an escalating trade-war between the world’s two largest economies, which could hurt global growth.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Although July’s nonfarm payrolls fell short of consensus, the data continue to paint a picture of a solid labor market poised for strong job creation that will likely keep the Federal Reserve on track for two more rate hikes this year as part of its plan to “gradually” tighten monetary policy. “The U.S. economy’s powerful job creation engine continues as revisions to prior months, together with 157,000 new jobs in July, take the three-month average to over 220,000 and unemployment falls to 3.9%,” Allianz Chief Economic Adviser Mohamed El-Erian commented after the release.
  • China on Friday announced retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft and warned of further measures, signaling that it won’t back down in a protracted trade war with Washington. China’s finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, ranging from 5 to 25 percent. Timing will depend on the actions of the United States, the Chinese Commerce Ministry said in a separate statement.
  • A selloff in big U.S. tech shares wasn’t enough to pull money away from the sector, Bank of America Merrill Lynch (NYSE:BAC) strategists said on Friday, but U.S. large-cap stocks suffered outflows as investors grew more cautious about an aging bull market. Overall investors shed risky assets this week, pulling $2 billion from equity funds and plowing $2.2 billion into bond funds, the strategists said, citing flows data from EPFR.

COMEX GOLD SIGNAL

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2Aug

Singapore Stocks Watch: STI resumes Thursday evening at 3,282.38, down 1.4%

Singapore Stocks Watch: SINGAPORE stocks continued after Thursday’s meal break in negative an area, with the Straits Times Index shedding 46.63 focuses or 1.4 for each penny to exchange at 3,282.38 as at 1.02pm.

Washouts intensely dwarfed gainers 238 to 94, or around five down for each two up, as 990.7 million offers worth S$649.6 million altogether changed hands.

The most effectively exchanged counter was Ezion, which fell 0.6 Singapore penny, or 7.6 for each penny, to 7.3 Singapore pennies with 59.01 million offers evolving hands. Different actives included Jiutian Chemical, exchanging up 2.5 for every penny, or 0.1 Singapore penny, at 4.1 Singapore pennies with 14.75 million offers exchanged, and Singtel, level at S$3.22 with 10.2 million offers evolving hands.

Every one of the three nearby banks fell. Among the best dynamic file stocks, DBS was around 2.34 for every penny, or 63 Singapore pennies, to S$26.31, while UOB was down 2.72 for every penny, or 74 Singapore pennies, to S$26.52. OCBC Bank withdrew 2.24 for every penny, or 26 Singapore pennies, to S$11.34.

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2Aug

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were down on Wednesday as traders wait for a policy decision from the Federal Reserve. Comex gold futures for August delivery fell 0.44% to $1,218.30 a troy ounce as of 10:30 AM ET (14:30 GMT). Gold has fallen in recent months as a stronger dollar and rising interest weights weighed on the metal. The Fed Is not expected to raise interest rates later in the day, but a decision and policy statement are released at 2:00 PM ET (18:00 GMT).
  • Oil slipped below $74 a barrel on Wednesday pressured by an industry report that U.S. stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more ample supply. On Tuesday, the American Petroleum Institute said crude inventories rose by 5.6 million barrels last week. Analysts had expected a decrease of 2.8 million. The U.S. government’s supply report is due on Wednesday.
  • EU soybean imports from the United States almost quadrupled early in the new marketing year, the European Union said, a week after it struck a deal with U.S. President Donald Trump to avert a trade row, as buyers responded to a sharp drop in prices. The EU said in a statement that the collation of new bi-monthly import data showing the rise was “the first concrete follow-up to the EU-U.S. joint statement agreed in Washington between Commission President Juncker and U.S. President Trump”.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The U.S. Treasury said on Wednesday it will introduce a new benchmark 2-month bill starting in October 2018 and also increase the size of its debt auctions in the coming months. The measures are to deal with a rising budget deficit and fill gaps left by the Federal Reserve continuing to reduce its massive bond portfolio. Rising federal borrowing, while not entirely a surprise, rekindled some concerns about its effect on the bond market, lifting the 10-year Treasury yield (US10YT=RR) to 3 percent for the first time since mid-June.
  • The Federal Reserve is considering a key milestone in its public communication about the path of interest rates. Wall Street economists think a language change is coming that will signal monetary policy is no longer loose, meaning interest rates are no longer seen as particularly low. This week’s meeting may be too soon; it’s more likely such a shift will come in September, when the Fed is next expected to raise interest rates.
  • Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported on Wednesday. It is the first time parliament has summoned Rouhani, who is under pressure from hardline rivals to change his cabinet following a deterioration in relations with the United States and Iran’s growing economic difficulties. Lawmakers want to question Rouhani on topics including the rial’s decline, which has lost more than half its value since April, weak economic growth and rising unemployment, according to semi-official ISNA news agency.

2august5

1Aug

Singapore Stock Watch: SGX respects Asia’s first foundation fund securitisation notes

Singapore Stock Watch:  Bayfront Infrastructure Capital will issue Class A, B, and C notes.

Singapore Exchange (SGX) presented Bayfront Infrastructure Capital’s (BIC) foundation venture fund securitisation notes as the first of its kind to encourage institutional financial specialist access to framework obligation in Asia-Pacific and the Middle East, a declaration uncovered.

Supported by Clifford Capital, BIC issued for classes of notes including Class A Notes worth US$320.6m, Class B Notes worth US$72.6m, Class C Notes worth US$19m, and Subordinated Notes worth US$45.8m.

SGX said that the notes are sponsored by a US$458m arrangement of bank-syndicated venture back and foundation advances crosswise over 16 nations and eight industry sub-segments.

BIC’s venture review appraised Class A, B, and C Notes were offered to institutional financial specialists. As a backer of the exchange, Clifford Capital will obtain and plans to hold the Subordinated Notes.

“We are cheerful to help imaginative capital markets arrangements that not just reinforce Singapore’s situation as a framework financing center point yet in addition serve Asia’s advancement and development,” SGX head of values and settled salary Chew Sutat remarked.

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