26Nov

Comex Commodity Trading Signals and Market News – 26 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose in early Asia on Wednesday with investors focused on U.S. demand ahead of the start of the busy Christmas shopping season this week. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,201.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,190.60 and off a high of $1,203.00.Overnight, gold prices posted cautious gains in U.S. trading on Tuesday after a soft report on U.S. consumer confidence weakened the dollar, though a robust economic growth report capped the precious metal’s gains.

Oil prices dipped in early Asia on Wednesday despite U.S. industry data that showed a solid drop in crude stocks last week. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $73.82 a barrel, down 0.03%, after hitting an overnight session low of $74.29 a barrel and off a high of $76.57 a barrel.

Natural gas futures rose on Tuesday after investors viewed futures as oversold in wake of forecasts calling for mild temperatures across much of the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in January were up 1.22% at $4.357 per million British thermal units during U.S. trading. The commodity hit a session low of $4.229, and a high of $4.360.The January contract settled down 2.56% on Monday to end at $4.304 per million British thermal units.

Crude futures dropped on Tuesday after a widely-watched gauge of U.S. consumer confidence disappointed investors and stoked concerns over the strength of the country’s recovery and how much fuel and energy it will consume going forward. Concerns OPEC may do little to combat a global supply glut exacerbated losses. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded down 1.90% at $74.34 a barrel during U.S. trading, up from a session low of $74.29 a barrel and off a high of $76.57 a barrel.

Copper futures edged higher on Tuesday, as market players looked ahead to the release of revised U.S. third quarter growth data due later in the session. On the Comex division of the New York Mercantile Exchange, copper for March delivery picked up 1.1 cents, or 0.36% to trade at $3.017 a pound during European morning hours. A day earlier, copper prices lost 2.3 cents, or 0.76%, to settle at $3.006 A POUND. Futures were likely to find support at $2.991, the low from November 20, and resistance at $3.045,

TRADING STRATEGY :

  • SELL GOLD BELOW 1191 TARGET 1181 1171 SL 1201
  • BUY GOLD ABOVE 1205 TARGET 1215 1225 SL 1195

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

26Nov
forex-trading3

IForex Market Trading Signals and News – 26 November 2014

TRADING TIPS :

  • Forex-Yen gains in early Asia with focus on busy U.S. data day ahead.
  • Forex-Dollar softens on weak U.S. consumer confidence report.
  • Forex-EUR/USD up as weak consumer confidence data spark dollar selloff

EUR/USD
EUR/USD was up 0.25% at 1.2472, up from a session low of 1.2403 and off a high of 1.2486. The pair was likely to find support at 1.2372, Monday’s low, and resistance at 1.2600, last Wednesday’s high.The euro firmed against the dollar on Tuesday after a poor U.S. consumer confidence report offset upbeat economic growth data and sent investors selling the greenback for profits.The Conference Board market research group reported earlier that consumer confidence index fell to 88.7 this month from a 94.1 in October, whose figure was revised down from a previously reported 94.5. The dollar has rallied in recent weeks on expectations for U.S. monetary policy to grow less accommodative while European and Asian central banks move in the opposite direction.

USD/JPY
USD/JPY was down 0.25% at 117.98, up from a session low of 117.69 and off a high of 118.57. The pair was expected to test support at 117.33, Friday’s low, and resistance at 118.57, Monday’s high. The dollar slid against its Japanese counterpart on Tuesday after a disappointing report on U.S. consumer confidence sparked a round of greenback profit taking, while somewhat hawkish minutes from the Bank of Japan’s most recent meeting supported the yen. The Japanese yen gained in early Asia on Wednesday in a thin data day in the region and a focus on U.S. data ahead of the Thanks giving holiday.The currency received an additional boost after the minutes of the BoJ’s October meeting showed that some officials opposed plans to expand its stimulus program.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2507-TG:1.2527/1.2557 SL 1.2477
2. Sell EUR/USD Below 1.2438-TG:1.2418/1.2388 SL 1.2468

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

26Nov
sgx 26 nov

Financial Sgx Singapore Stock Market Trading Picks And News – 26 November 2014

MARKET UPDATES :

  • SINGAPORE share prices opened flat on Tuesday with the Straits Times Index down 0.94 points to 3,339.59. Volume was 83.2 million shares worth S$107.1 million. Losers outnumbered gainers 67 to 64.
  • SINGAPORE shares ended higher on Tuesday with the Straits Times Index gaining 4.46 points to 3,344.99. Some 1.78 billion shares, valued at S$1.83 billion were traded. Gainers numbered 172 while losers numbered 233.
  • THE Singapore government now expects the economy to grow by 3 per cent this year – at the mid-point of its earlier official forecast of 2.5-3.5 per cent, which had been kept unchanged since August. The Ministry of Trade and Industry (MTI) announced on Tuesday morning that Q3 GDP grew a stronger 2.8 per cent year-on-year, thanks to stronger growth in the manufacturing and services sector.
  • SINGAPORE’S non-oil domestic exports for 2015 are tipped to move into positive terrain, growing between 1.0 and 3.0 per cent year on year, up from a revised forecast of 1.0-1.5 per cent dip this year, according to trade promotion agency International Enterprise Singapore. Earlier growth projection for the NODX was a 1.0-2.0 drop for 2014.
  • Protests spread across the United States on late Monday over the explosive grand jury decision in Missouri against indicting a white cop who shot dead an unarmed black teen. Angry people took to the streets from Seattle out west to Chicago in the middle and New York, the nation’s largest city, as the hotspot town of Ferguson, Missouri – where the decision was rendered – roiled with rioting.
  • Singapore’s sovereign wealth fund GIC and Indonesia’s Rajawali Group have agreed to jointly invest up to US$500 million in equity in property projects in Indonesia, the two companies said in a statement on Tuesday.
  • CHINA’S unexpected interest rate cuts, its first in almost two years, provided the fuel for rallies in some Asian stock markets on Monday. But the bounce could be short-lived when the dust clears and investors are reminded the country’s fundamentals are largely unchanged.
  • EMERGING East Asia’s local currency bond markets continue to expand with Singapore the fastest- growing in Q3, said the Asian Development Bank (ADB). In its latest Asia Bond Monitor released on Tuesday, it noted cross-border bond issuances remained active, in particular China-based corporates selling debt in Hong Kong dollars and Singapore dollars. Issuances in US dollars also reached a record.
  • VARIOUS e-Government and Smart Nation initiatives planned by Singapore over the next few years are expected to keep government spending on Information and Communications Technology (ICT) on the upswing till 2018. And research agency Gartner reckons that government.

STOCK RECOMMENDATION :

  • BUY SMRT CORP ABOVE 1.645 TGT 1.685 ,1.745 SL 1.590

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

25Nov

Comex Commodity Trading Signals and Market News – 25 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to higher in Asia on Tuesday with investors looking for any cue on physical demand ahead of end-year holidays. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,198.20 a troy ounce, up 0.08%.Overnight, gold prices held steady on Monday, supported by softer dollar and a Chinese decision to trim interest rates, though uncertainty ahead of Tuesday’s economic growth and consumer confidence reports capped gains.

Crude oil prices fell in early Asia on Monday as an OPEC meeting this week is unlikely to reach agreemnt on trimming production. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $75.66 a barrel, down 0.07%, after hitting an overnight session low of $75.85 a barrel and off a high of $77.02 a barrel.

Natural gas futures dropped on Monday after updated weather-forecasting models called for December to arrive with mild temperatures, which should dampen demand for heating.On the New York Mercantile Exchange, natural gas futures for delivery in January were down 2.73% at $4.297 per million British thermal units during U.S. trading. The commodity hit a session low of $4.176, and a high of $4.313. The January contract settled down 4.99% on Friday to end at $4.417 per million British thermal units.

Oil prices swung between small gains and losses on Monday, as market players continued to weigh the likelihood that the Organization of the Petroleum Exporting Countries will cut output to support prices when it meets in Vienna later this week. On the ICE Futures Exchange in London, Brent oil for January delivery inched up 21 cents, or 0.27%, to trade at $80.58 a barrel during European morning hours. On Friday, Brent rallied $1.03, or 1.3% to settle at $80.36 a barrel as investors bet that fresh stimulus efforts in China and the euro zone will lead to increased global demand.

Copper futures edged lower on Monday, as traders weighed whether a surprise rate cut in China would translate into an increase in demand for the industrial metal. On the Comex division of the New York Mercantile Exchange, copper for March delivery declined 0.4 cents, or 0.12% to trade at $3.026 a pound during European morning hours. On Friday, copper prices tacked on 1.2 cents, or 0.4%, to settle at $3.031 a pound.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1204 TARGET 1214 1228 SL 1194
  • SELL GOLD BELOW 1189 TARGET 1179 1170 SL 1199

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

25Nov

IForex Market Trading Signals and News – 25 November 2014

TRADING TIPS :

  • Forex-Yen weaker in early Asia ahead of scheduled Kuroda remarks.
  • Forex-Dollar softens in quiet session, awaits key U.S. data.
  • Forex-EUR/USD gains on upbeat German business climate report.

EUR/USD
EUR/USDwas up 0.31% at 1.2429, up from a session low of 1.2363 and off a high of 1.2443. The pair was likely to find support at 1.2503, last Thursday’s low, and resistance at 1.2600, last Wednesday’s high. The euro firmed against the dollar on Monday after an upbeat German business climate report surpassed expectations and offset ongoing expectations for the European Central Bank to loosen policy in the near future.The single currency found support after a report showed that German business sentiment improved this month after six successive months of declines, indicating that the downturn the euro area’s largest economy may be ending.

USD/JPY
USD/JPY traded at 118.35, up 0.06%,The Japanese yen fell in early Asian trade on Tuesday ahead of a busy day of scheduled remarks from Japan’s central bank chief.BoJ Governor Haruhiko Kuroda speaks to business leaders in Nagoya City, central Japan at 100 Tokyo time (0100 GMT). Later in the day, at 1345 (0445 GMT), Kuroda holds a news conference in Nagoya.He said said last week that the year-on-year increase in core CPI may slip below 1% in the near term, but consumer prices will pick up “at some point” as the output gap improves and inflation expectations rise. The pair slid lower on Friday after Japan’s Finance Minister Taro Aso voiced concerns over the weaker yen, saying the speed of the currency’s recent decline against the dollar was “too fast.”

RECOMMENDATION :

1. Buy EUR/USD Above 1.2445-TG:1.2464/1.2495 SL 1.2415
2. Sell EUR/USD Below 1.2395-TG:1.2375/1.2345 SL 1.2425

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

25Nov
sgx 25 nov

Financial Sgx Singapore Stock Market Trading Picks And News – 25 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended 0.14 per cent lower on Monday with the Straits Times Index slipping 4.79 points to 3,340.53. Some 1.48 billion shares, valued at S$1.07 billion were traded. Gainers numbered 224 while losers numbered 187.
  • SINGAPORE share prices opened higher on Monday with the Straits Times Index up 4.61 points to 3,349.93. Volume was 70.6 million shares worth S$78.1 million. Gainers outnumbered losers 92 to 35.
  • SINGAPORE’S headline inflation eased more than expected in October, slowing to 0.1 per cent last month from 0.6 per cent in September. This marks a new low since December 2009. The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in joint comments that this was “mainly on account of base effects associated with fluctuations in car Certificate of Entitlement (COE) premiums, as well as sharper declines in the costs of accommodation and oil-related items”.
  • SINGAPORE wants to be a smart nation in 10 years, making it one of the world’s leading cities. This means Singapore will be “a nation whose people live meaningful and fulfilled lives, enabled seamlessly by technology, offering opportunities for all”, Prime Minister Lee Hsien Loong said this morning when he launched the Smart Nation Initiative. A Smart Nation Programme Office will be set up in the Prime Minister’s Office to bring Singaporeans, government and business together to realise the vision.
  • US stock investors head into the Thanksgiving holiday thankful for the market’s recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows. The S&P 500 is up 13.3 per cent from an intraday low hit on Oct 15, and the gains since then have been broad. Since that bottom, all but 23 S&P 500 components are higher.
  • SINGAPORE wants to be a smart nation in 10 years, making it one of the world’s leading cities. This means Singapore will be “a nation whose people live meaningful and fulfilled lives, enabled seamlessly by technology, offering opportunities for all”, Prime Minister Lee Hsien Loong said this morning when he launched the Smart Nation Initiative. A Smart Nation Programme Office will be set up in the Prime Minister’s Office to bring Singaporeans, government and business together to realise the vision.
  • STOCKS to watch on Monday include Technics Oil & Gas, Pacific Andes Resources Development (PARD) and Golden Ocean Group, which both released their latest financial results. nvestors were greeted with positive news from PARD, which posted on Sunday a 27.5 per cent jump in net profit to HK$953 million (S$159.5 million) for the full year ended Sept 28 on the back of expanded Peruvian fishmeal operations at its subsidiary China Fishery.

STOCK RECOMMENDATION :

  • BUY EZION HOLDINGS ABOVE 1.480 TARGET 1.530 1.580 1. SL 1.420

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

24Nov

Comex Commodity Trading Signals and Market News – 24 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in early Asia on Monday with the focus on a weak yen and signals from Beijing on measures to boost the economy. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,202.20 a troy ounce, up 0.32%. On Friday they settled at $1,197.70 a troy ounce. Markets in Japan are shut on Monday.

• U.S. natural gas futures rose to a near five-month high on Friday, before turning lower to end the session down 5% as weather forecasting models pointed to less frigid temperatures across the U.S. later this month. On the New York Mercantile Exchange, natural gas for delivery in December tumbled 22.3 cents, or 4.97%, on Friday to settle at $4.266 per million British thermal units by close of trade.

• A double shot of upbeat U.S. data and talk oil cartel OPEC may consider trimming output to shore up slumping prices sent crude futures rising on Thursday. In the New York Mercantile Exchange, West Texas Intermediatecrude oil futures for delivery in January traded up 0.85% at $75.13 a barrel during U.S. trading, up from a session low of $74.22 a barrel and off a high of $75.53 a barrel. The January contract settled down 0.19% at $74.50 a barrel on Wednesday.

Copper futures edged lower on Thursday, in the wake of disappointing economic signals from China, where data showed manufacturing activity hit a six-month low in November. On the Comex division of the New York Mercantile Exchange, copper for December delivery declined 1.5 cents, or 0.48% to trade at $3.031 a pound during European morning hours. A day earlier, copper rallied 4.3 cents, or 1.43%, to settle at $3.045 a pound amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth.

Oil prices declined on Thursday, as concerns over the global economy mounted following the release of disappointing manufacturing data out of China and the euro zone. On the ICE Futures Exchange in London, Brent oil for January delivery shed 47 cents, or 0.6%, to trade at $77.64 a barrel. A day earlier, Brent declined 37 cents, or 0.47%, to settle at $78.10. London-traded Brent futures fell to a four- year low of $76.76 a barrel on November 14.

TRADING STRATEGY :

  • SELL GOLD BELOW 1191 TARGET 1181 1176 SL 1201
  • BUY GOLD ABOVE 1205 TARGET 1215 1230 SL 1195

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

24Nov

IForex Market Trading Signals and News – 24 November 2014

TRADING TIPS :

  • Forex-Dollar re-approaches 4-1/2 year peak in risk-off trade.
  • Forex-EUR/USD drops to session lows on dovish Draghi comments.
  • Forex-Dollar gains on Draghi comments, Chinese rate cut.

GBP/USD
GBP/USD was down 0.27% at 1.5650, up from a session low of 1.5628 and off a high of 1.5714.Cable was likely to find support at 1.5588, Wednesday’s low, and resistance at 1.5737, Thursday’s high.The dollar rose on safe-haven demand after ECB President Mario Draghi reiterated on Friday that the central bank is prepared to act rapidly if low inflation persists.Draghi also expressed concerns over the euro zone’s weak growth, pointing out he saw no improvements in the coming months.The ECB head was speaking at the 24th European Banking Congress “Reshaping Europe,” in Frankfurt, and his comments sparked expectations for fresh stimulus.supporting the dollar was news that China cut its benchmark one-year deposit rate by 25 basis points to 2.75% and trimmed its one-year lending rate by 40 basis points to 5.6%

USD/JPY
USD/JPY hit lows of 117.36 before settling at 117.67, down 0.43% for the day as investors locked in profits on the greenback’s recent climb to seven-year highs against the Japanese currency.The dollar remained supported after the Federal Reserve Bank of Philadelphia said on Thursday that its manufacturing index jumped to a 21-year high of 40.8 this month from 20.7 in October.Data also showed that U.S. sales of previously owned homes rose to a 13- month high in October.However, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 15 decreased by a less-than-expected 2,000 to 291,000 from the previous week’s revised total of 293,000.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5681-TG:1.5701/1.5731 SL 1.5651
2. Sell GBP/USD Below 1.5622-TG:1.5602/1.5572 SL 1.5652

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

24Nov
sgx 24 nov

Financial Sgx Singapore Stock Market Trading Picks And News – 24 November 2014

MARKET UPDATES :

  • SINGAPORE share prices opened higher on Friday with the Straits Times Index up 20.62 points to 3,336.22. Volume was 38.8 million shares worth S$65.8 million. Gainers outnumbered losers 89 to 33.
  • SINGAPORE shares ended higher on Friday with the Straits Times Index gaining 29.72 points to 3,345.32. Some 1.16 billion shares, valued at S$1.09 billion were traded. Gainers numbered 268 while losers numbered 151.
  • THE global economy – which Singapore now relies on more heavily to support growth given domestic restructuring’s drag – has been handed a negative report card in a week heavy with economic data: Japan fell unexpectedly into recession, the eurozone’s recovery stalled and China’s
  • China cut its benchmark interest rates for the first time in more than two years on Friday to lower borrowing costs and lift a cooling economy that is on track for its slackest annual growth in 24 years. The People’s Bank of China said it was cutting one-year benchmark lending rates by 40 basis points to 5.6 per cent.
  • Britain’s anti-European Union UK Independence Party (UKIP) won its second seat in parliament on Friday, in a by-election that could signal upheaval in a general election in six months’ time. Mark Reckless was re- elected to parliament with 42 per cent of the vote, after defecting in September from Prime Minister David Cameron’s Conservative Party to UKIP, which wants strict quotas on immigration.
  • The lower chamber of Japan’s parliament was dissolved Friday in readiness for a general election, expected next month, as Prime Minister Shinzo Abe seeks to consolidate his grip on power and reinvigorate his economic drive.
  • THE Singapore market appears fully priced at 13.5 times forward earnings, close to one standard deviation above its seven-year average, said brokerage Maybank Kim Eng Research in a recent report. Meanwhile, earnings are estimated to grow 9 per cent in 2015 and 2016.
  • SINGAPORE is ranked only 16th in the world when it comes to talent competitiveness, due to its imbalance in optimising homegrown talent and attracting those from overseas. According to IMD’s latest annual World Talent Report, this disparity has pushed Singapore out of the top 10 rankings . It placed 17th last year – a far cry from its 2nd position in 2008, and its 10th position in 2005 (when the rankings were first compiled).
  • EXACTLY a year and a fortnight ago, this column noted the possibilities of investors returning to Chinese stocks as its top leadership met for its Third Plenum. At the meeting, a “decisive role” for markets was called for.

STOCK RECOMMENDATION :

  • BUY CAPITALAND ABOVE 3.280 TARGET 3.340 3.400 SL 3.210

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

21Nov

Comex Commodity Trading Signals and Market News – 21 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to weaker in Asia on Friday with markets in Tokyo trading light ahead of a three-day weekend, though investors are still looking for physical demand support ahead of the year-end holidays. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,193.00 a troy ounce, down 0.04%, after hitting an overnight session low of $1,176.30 and off a high of $1,196.60. Japan has a publi holiday on Monday. Overnight, Gold prices edged lower in U.S. trading on Thursday after a batch of upbeat U.S. indicators sent investors flocking to the dollar, which trades inversely with the yellow metal.

Crude oil prices eased in early Asia on Friday with markets in Tokyo in light trade ahead of a three-day weekend and mixed supply/demand signals ahead of a key OPEC meeting next week. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $76.55 a barrel, up 0.94%, after hitting an overnight session low of $74.22 a barrel and off a high of $75.53 a barrel. Markets in Tokyo are shut on Monday.

Natural gas futures jumped up on Thursday after data revealed U.S. inventories dropped more last week than markets were expecting. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 0.92% at $4.411 per million British thermal units during U.S. trading. The commodity hit a session low of $4.253, and a high of $4.500. The December contract settled up 2.99% on Wednesday to end at $4.371 per million British thermal units.

Oil prices declined on Thursday, as concerns over the global economy mounted following the release of disappointing manufacturing data out of China and the euro zone. On the ICE Futures Exchange in London, Brent oil for January delivery shed 47 cents, or 0.6%, to trade at $77.64 a barrel.

Copper futures edged lower on Thursday, in the wake of disappointing economic signals from China, where data showed manufacturing activity hit a six-month low in November. On the Comex division of the New York Mercantile Exchange, copper for December delivery declined 1.5 cents, or 0.48% to trade at $3.031 a pound during European morning hours. A day earlier, copper rallied 4.3 cents, or 1.43%, to settle at $3.045 a pound amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth.

TRADING STRATEGY :

  • SELL GOLD BELOW 1191 TARGET 1185 ,1175 SL 1197

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

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