7Oct

Comex Commodity Trading Signals and Market News – 07 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Tuesday, continuing a weak trend as expectations grow for a rate hike by the Federal Reserve next year. On the Comex division of the New York Mercantile Exchange, Gold for December delivery traded at $1,206.70, down 0.10%. Overnight, gold futures inched higher, but held below the key $1,200-level as upbeat U.S. employment data underlined optimism over the strength of the economy and fueled expectations that the Federal Reserve will begin to raise rates sooner than previously thought.

Brent oil futures fell to a 27-month low during U.S. morning trade on Monday, amid ongoing speculation rising global supplies will be more than enough to meet slowing demand. On the ICE Futures Exchange in London, Brent oil for November delivery hit a session low of $91.27 a barrel, a level not seen since June 2012.Prices recovered to last trade at $91.44 during U.S. morning hours, down 88 cents, or 0.95%, from Friday’s closing price of $92.31.

• U.S. natural gas futures gave back all of the previous session’s strong gains during U.S. morning trade on Monday, as market players positioned themselves for a bearish weekly storage report later in the week. On the New York Mercantile Exchange, natural gas for delivery in November traded at $3.921 per million British thermal units during U.S. morning hours, down 11.8 cents, or 2.92%. Natural gas prices hit a session low of $3.900 earlier in the day, a level not seen since September 25.U.S. gas futures surged 10.7 cents, or 2.72%, on Friday to settle at $4.039 as market players wagered that cold weather across the U.S. will boost demand for heating.

Copper futures edged higher during European morning trade on Monday, as the greenback took a breather from its recent rally against a basket of other major currencies sparked by upbeat U.S. employment data. On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $3.015 a pound during European morning hours, up 1.6 cents, or 0.54%, from a closing price of $2.998 on Friday.Futures were likely to find support at $2.985, the low from October 2, and resistance at $3.039, the high from October 2.

Crude oil futures edged higher during European morning trade on Monday, but gains were limit amid speculation rising global supplies will be more than enough to meet slowing demand.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1208 TGT 1212,1217 SL 1203
  • SELL GOLD BELOW 1203 TGT 1199,1193 SL 1208

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

7Oct

IForex Market Trading Signals and News – 07 October 2014

TRADING TIPS :

  • Forex-Dollar rally stalls after record run higher.
  • Forex-Euro pushes higher as dollar pauses.
  • Forex- USD/CHF edges lower in quiet trade.

EUR/USD
EUR/USD was up 0.22% to 1.2542, easing back from Friday’s two year trough of 1.2499.The US Dollar Index, which tracks the performance of the greenback against a basket of six major currencies, slipped 0.21% to 86.60, not far from Friday’s four-year peaks of 86.79. It notched up its twelfth consecutive weekly gain last week, the longest rally since the index was created in 1971.Demand for the dollar continued to be underpinned after Friday’s stronger-than-forecast U.S. jobs report fuelled expectations that the Federal Reserve could raise interest rates in the middle of next year.

USD/JPY
USD/JPY was down 0.23% to 109.52, off Friday’s highs near six year highs of 109.86.The US Dollar Index, which tracks the performance of the greenback against a basket of six major currencies, dipped 0.12% to 86.69, not far from Friday’s four year peaks of 86.79. It notched up its twelfth consecutive weekly gain last week, the longest rally since the index was created in 1971.The U.S. economy added 248,000 jobs in September, the Labor Department reported Friday, well ahead of forecasts for jobs growth of 215,000. The unemployment rate ticked down to 5.9%, the lowest level since July 2008The robust data reinforced expectations that the strengthening economic recovery may prompt the Federal Reserve to raise interest rates sooner..

RECOMMENDATION :

1. Buy EUR/USD Above 1.2583-TG:1.2603/1.2633 SL 1.2553
2. Sell EUR/USD Below 1.2532-TG:1.2512/1.2482 SL 1.2562

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

6Oct
forex-trading3

IForex Market Trading Signals and News – 06 October 2014

TRADING TIPS :

  • Forex-U.S. stocks shoot up on robust U.S. jobs report; Dow rises 1.24%.
  • Forex-Pound pushes sharply lower vs. stronger dollar.
  • Forex- Dollar remains near 4-year peak as U.S. data supports.

EUR/USD
EUR/USD hit fresh two-year lows of 1.2505, and was last down 1.30% to trade at 1.2504.The euro showed little reaction after official data showed that euro zone retail sales rose 1.2% in August, beating expectations for an uptick of 0.1%, after 0.4% fall in July. Earlier Friday, Markit said the euro zone services purchasing managers’ index ticked down to 52.4 in September from 52.8 the previous month, confounding expectations for the index to remain unchanged. Markit also reported that Germany’s services PMI rose to 55.7 last month from a reading of 55.4 in August, while France’s services PMI fell to 48.4 in September from 49.4 in August.

GBP/USD
GBP/USD hit 1.5965 during U.S. morning trade, the pair’s lowest since Novemer 2013; the pair subsequently consolidated at 1.5969, down 1.09%.Cable was likely to find support at 1.5852 and resistance at 1.6159, the session high.The Institute of Supply Management said its non-manufacturing purchasing managers’ index slipped to 58.6 in September from a reading of 59.6 in August. Analysts had expected the index to fall to 58.5 last month.Earlier Friday, the Department of Labor said the U.S. economy added 248,000 jobs in September, more than the expected 215,000 increase. The number of jobs created in August was revised to 180,000 from a previous estimate of 142,000.In addition, the U.S. unemployment rate ticked down to 5.9% last month, from 6.1% in August. Analysts had expected the rate to remain unchanged.A robust U.S. jobs report coupled with a soft U.K. service-sector gauge sent the pound dropping to near 11-month lows against the dollar on Friday.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2521-TG:1.2541/1.2571 SL 1.2491
2. Sell EUR/USD Below 1.2445-TG:1.2425/1.2395 SL 1.2475

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

1Oct

Comex Commodity Trading Signals and Market News – 01 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Wednesday as investors continued to watch the dollar, which traded largely flat .On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,209.70 a troy ounce, up 0.09%, after hitting $1,210.30 a troy ounce during U.S. trading, down 0.70%. It hit a session low of $1,205.00 and off a high of $1,220.50. Overnight gold futures edged lower and threatened to post their first quarterly this year after soft European inflation data sparked demand for the U.S. dollar, which trades inversely with the yellow metal. Eurostat, the statistics arm of the European Union, reported earlier that the euro area’s annual inflation rate fell to a five-year low of 0.3% in September from 0.4% in August. Core inflation, which strips out food, energy, alcohol and tobacco costs, came in at 0.7%, down from 0.9% in August.

Natural gas prices fell on Tuesday after updated weather-forecasting models called for mild temperatures in the U.S. to offset the bullish pressures seen coming from a cool snap affecting portions of the central and northeastern reaches of the country . On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.77% at $4.122 per million British thermal units during U.S. trading. The commodity hit a session low of $4.100, and a high of $4.174.The November contract settled up 3.10% on Monday to end at $4.154 per million British thermal units. Natural gas futures were likely to find support at $4.011 per million British thermal units, Monday’s low, and resistance at $4.174, the session high.

Copper futures edged lower on Tuesday, as weaker than expected Chinese manufacturing data added to concerns over the health of the world’s second largest economy. On the Comex division of the New York Mercantile Exchange, copper or December delivery traded at $3.044 a pound during European morning hours, down 1.2 cents from $3.056 on Monday. Futures were likely to find support at $3.012, the low from September 29 and resistance at $3.067, the high from September 29.

Crude oil prices eased in Asia on Tuesday with investors looking ahead to weekly industry and government reports on U.S. crude oil stockpiles expected to be bearish. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $94.31 a barrel, down 0.21%, after hitting an overnight session low of $92.75 a barrel and a high of $94.63 a bar.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1210 TGT 1214,1219 SL 1205
  • SELL GOLD BELOW 1203 TGT 1199,1194 SL 1208

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

1Oct
forex-trading3

IForex Market Trading Signals and News – 01 October 2014

TRADING TIPS :

  • Forex-Dollar extends rally as euro weakens.
  • Forex-EUR/USD hits fresh 2-year lows as inflation data disappoints .
  • Forex-Dollar slips vs. yen, still supported near recent highs.

EUR/USD
EUR/USD hit lows of 1.2590, the weakest since September 2012, and was last down 0.63% to 1.2605.The drop in the euro came after official data showed that the annual rate of euro are inflation fell to a five year low of 0.3% this month from 0.4% in August. The slowdown in inflation added to pressure on the European Central Bank to implement additional stimulus measures to stave off the threat of deflation in the region after the bank unexpectedly cut rates to record lows last month. A separate report showed that the euro zone’s unemployment rate was unchanged at 11.5% in August.Germany’s unemployment rate remained unchanged at 6.7% last month, in line with estimates.

GBP/USD
GBP/USD hit 1.6287 during European morning trade, the pair’s highest since September 26; the pair subsequently consolidated at 1.6257, adding 0.09%. Cable was likely to find support at 1.6160, the low of September 16 and resistance at 1.6334, the high of September 26. In a revised report, the Office for National Statistics said that the U.K. gross domestic product increased by 0.9% in the second quarter, beating expectations for 0.8% growth and up from a previous estimate of 0.7%.Year-on-year, the U.K. economy expanded at a 3.2% rate in the second quarter, in line with expectations.Meanwhile, the dollar remained broadly supported by the view that the strengthening economic recovery in the U.S. would prompt the Federal Reserve to hike rates sooner.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2616-TG:1.2636/1.2666 SL 1.2586
2. Sell EUR/USD Below 1.2562-TG:1.2542/1.2512 SL 1.2592

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

1Oct
sgx 01 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 01 October 2014

MARKET UPDATES :

  • JLL has launched an Expression of Interest (EOI) exercise for a portfolio of strata-titled shops on behalf of the HiapHoe Group as part of the group’s exercise to divest non-core assets while capitalising on the strong investor demand for retail space and income-generating assets. Hiap Hoe has identified a total of 39 shop units to be divested, the largest of which includes a a single portfolio of 33 strata units located at the basement of Parklane Shopping Mall at Selegie Road.
  • SINGAPORE’S mainboard-listed Tiong Seng Holdings has bagged a S$107.7 million job from national water agency PUB for the proposed construction of the second phase of the Stamford diversion canal. Work on the canal which stretches from Grange Road at the Orchard Boulevard junction to River Valley Road will start in November this year with a contract period of 40 months, said the construction group in an announcement to the Singapore Exchange. The proejct is not expected to have a material impact on the group’s net tangible assets and earnings per share for the current year ending December 2014.
  • OCBC said it now owns 20 per cent of China’s Bank of Ningbo – up from 15.34 per cent previously – after completing the subscription of 207.55 million new shares in the bank for 1.75 billion yuan (S$362.7 million) on Tuesday. As a result, Bank of Ningbo is now an associated company of OCBC. The placement price of 8.85 yuan per share that was earlier mentioned in January this year was adjusted to 8.45 yuan per share to account for the dividend that was paid during the year. The transaction was funded with the bank’s internal resources and satisfied in cash, said OCBC in an announcement to the Singapore Exchange. Bank of Ningbo is listed on the Shenzhen Stock Exchange with a market capitalisation of some 29.47 billion yuan as at Monday, after finishing the day at 10.22 per share. Its unaudited consolidated book value stood at some 29.22 billion yuan and net tangible asset value at 29.07 billion yuan as at end June 2014.
  • NOBLE Group has completed a deal with China’s Cofco Corp to form an agri-business joint venture Noble Agri. A consortium of investors consisting of Hopu Investment, Temasek, IFC and Standard Chartered Private Equity has also joined in as minority co-investors of Noble Agri. “The completion of this transaction marks a significant milestone in the continued development of our bulk commodity business,” said Noble’s chairman Richard Elman in a statement. In April, Noble Group first announced the deal to sell a 51-per-cent stake in Noble Agri to Cofco, China’s largest food processor, manufacturer and trader.
  • CITY Developments Limited (CDL), in its first foray into acquiring land for residential use in Japan, has joined hands with a US-based investment firm to buy a prime freehold site in Tokyo for 30.5 billion yen (S$355.5 million) from Seiko Holdings Corporation. The site is in the high-end residential Shirokane area in Tokyo’s Minato ward, where numerous foreign embassies and offices of multi-national corporations are based. A mansion that used to be the former home of Seiko founder Kintaro Hattori now sits on the site.
  • THE chief executive of traditional Chinese medicine retailer Eu Yan Sang has come out to say that the recent negative publicity in the US following an apparent case of lead-poisoning from its best-selling product has been unfair to the company. Richard Eu, speaking to reporters on Tuesday, addressed concerns arising from the alert raised by the US Food and Drug Administration (FDA) about a lead poisoning risk from its product called “Bo Ying Compound” following an incident in which an 18-month-old child who, fed the product, was poisoned.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.400 TG 2.450, 2.500, 2.570 SL 2.340

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

30Sep

Comex Commodity Trading Signals and Market News – 30 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on Tuesday with civil unrest in Hong Kong a continued focus as is data from China on manufacturing. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,215.90 a troy ounce, down 0.04%, after hitting an overnight session low of $1,215.90 and off a high of $1,223.90.In China, HSBC/Market is due to release the final reading of their September PMI at 0945 local (0145 GMT). The flash reading, released last week, showed a surprise uptick to 50.5 from August’s final 50.2, helping lift sentiment. Overnight, gold futures came off earlier highs in trading after the dollar recovered from mixed U.S. Data.

• Better-than-expected U.S. personal spending data coupled with news of refinery closures sent oil prices trading near session highs on Monday. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 1.15% at $94.62 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.75 a barrel and a high of $94.63 a barrel.The November contract settled up 1.09% at $93.54 a barrel on Friday. Nymex oil futures were likely to find support at $90.41 a barrel, last Monday’s low, and resistance at $95.91 a barrel, the high from Sept. 2.

Natural gas prices rose on Monday after updated weather-forecasting models pointed to falling temperatures across the U.S., which should drive demand for heating in the country’s homes and businesses. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 1.68% at $4.097 per million British thermal units during U.S. trading. The commodity hit a session low of $4.012, and a high of $4.098.The November contract settled up 0.37% on Friday to end at $4.029 per million British thermal units. Natural gas futures were likely to find support at $3.845 per million British thermal units, last Tuesday’s low, and resistance at $4.100, the high from Sept. 17.

Silver for December delivery rose 1.07% to $17.625 an ounce on Friday, paring the week’s losses to 0.83%. Silver prices hit lows of $17.27 an ounce on Thursday, their weakest since June 2010. Comex copper for December delivery eased up 0.27% to end at $3.038 a pound .Elsewhere in metals trading, NYMEX platinum futures for October delivery dropped 1.01% to $1,300.9 an ounce on Friday, the lowest level since October 2009.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1220 TGT 1224,129 SL 1215
  • SELL GOLD BELOW 1213 TGT 1209,1204 SL 1218.20

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

30Sep

IForex Market Trading Signals and News – 30 September 2014

TRADING TIPS :

  • Forex-Dollar extends broad gains ahead of busy week.
  • Forex-Pound steady near 2-week lows against dollar .
  • Forex-Dollar gains against weaker yen, euro.

EUR/USD
EUR/USD touched lows of 1.2664, the weakest since November 2013 and was last trading at 1.2679.The euro zone was to release preliminary data on consumer prices on Tuesday ahead of the outcome of Thursday’s ECB meeting. Investors were also looking ahead to economic data from the U.S., with Friday’s nonfarm payrolls report sharply in focus after August’s report fell short of expectations. The U.S. was to release data on personal income and expenditure later Monday, followed by a report on pending home sales.The euro zone was to release preliminary data on consumer prices on Tuesday ahead of the outcome of Thursday’s ECB meeting.

GBP/USD
GBP/USD touched lows of 1.6215, the weakest since September 16 and was last down 0.13% to 1.6222.Cable was likely to find support at the 1.6200 level and resistance at around 1.6330.The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, touched a four year high of 85.93, and was last up 0.06% to 85.83, after notching up its eleventh consecutive weekly gain last week.Demand for the dollar continued to be underpinned after data on Friday showed that the U.S. economy grew at an annual rate of 4.6% in the second quarter, the fastest pace in two-and-a-half years.Investors were looking ahead to economic data from the U.S., with Friday’s nonfarm payrolls report sharply in focus after August’s report fell short of expectations.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2714-TG:1.2734/1.2764 SL 1.2684
2. Sell EUR/USD Below 1.2662-TG:1.2642/1.2612 SL 1.2692

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

29Sep
sgx 30 sep 2014

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

MARKET UPDATES :

  • THE Manpower Ministry (MOM) has accepted the recommendation from representatives of unions, employers and the government that the current re-employment age ceiling of 65 be raised to 67 gradually and through the use of incentives, given that the Singapore labour market remains tight.MOM said on Monday that the Tripartite Committee on Employability of Older Workers (Tricom) had also proposed that the government offer incentives to encourage companies to re-employ their older workers aged above 65 in the interim, even before the legislation kicks in.
  • SINGAPORE share prices ended lower on Monday with the Straits Times Index down 2.49 points to 3,289.72.Volume was 1 billion shares worth S$682.1 million.Losers outnumbered gainers 222 to 186.
  • DBS Bank said on Monday that it has suspended services at four of its Hong Kong branches in Admiralty, Causeway Bay and Mong Kok until further notice, amid ongoing unrest in the former British colony.The bank said in a statement: “Our DBS Hong Kong and DBS Vickers offices, as well as other DBS branches are operating as normal. Customers are urged to visit our other branches for banking services. We apologise for any inconvenience caused.”
  • OCBC said on Monday that its subsidiary, Wing Hang Bank, has temporarily suspended operations at its United Centre branch at Admiralty in Hong Kong after pro-democracy protesters occupied streets in the Special Administrative Region of the People’s Republic of China .Patrick Chew, head of Operational Risk Management at OCBC Bank, said the suspension was due to “traffic conditions in the area”.
  • JTC Corporation on Monday launched two “confirmed list” sites at Tuas South Street 9 (Plot 50) and Tampines North Drive 1 (Plot 1) for sale, along with one “reserve list” site at Tuas South Street 6 (Plot 46).Reserve list sites are launched for tender only upon successful application by a developer, while confirmed list sites are launched according to schedule, regardless of demand.The two confirmed list sites are zoned for business-2 development, or heavier and more pollutive industrial use.
  • UOB’s Hong Kong franchise remains open for business, the Singapore bank said on Monday after riot police pulled back from pro-democracy demonstrations that left more than 40 people injured and disrupted the former British colony.”We are monitoring the situation closely and are ready to implement our business continuity plans if needed,” a spokesman said.The spokesman added that the bank takes a long-term view of its business in Hong Kong, one of the world’s international financial centres.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.800 TG 6.880, 6.980, 7.100 SL 6.700

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

29Sep

Comex Commodity Trading Signals and Market News – 29 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased further in Asia on Monday as investors expect continued dollar strength on an expected Federal Reserve rate hike sometime next year. On the Comex, gold futures for December delivery traded at $1,217.80 a troy ounce, down 0.08%.Last week, gold futures ended close to their lowest levels of the year as the U.S. dollar notched up its eleventh consecutive week of gains, hitting investor demand for the precious metal. A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Crude oil prices fell in ASia on Monday with the supply outlook prompting profit taking after last week’s gains on solid U.S. GDP data. Crude oil for delivery in November traded at $93.07 a barrel, down 0.34%, as investors took profits on last week’s gain. Last week, U.S. crude oil futures rose, boosted by expectations that accelerating economic growth would support demand, while Brent oil futures ended flat, narrowing the gap between the two contracts to the smallest in nearly a year. Brent oil for November delivery ended last week almost unchanged at $97.02 a barrel on the ICE Futures Exchange in London and ended the week down 1.07%.

Natural gas prices moved up and down on Friday after updated weather forecasting models called for mild temperatures in the coming days, which should curb demand for both air conditioning and heating. Trading was choppy, however, as longer-term models predicted significant cooling in the eastern U.S. later in October. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.39% at $4.030 per million British thermal units during U.S. trading. The commodity hit a session low of $3.970, and a high of $4.034.The November contract settled up 1.24% on Thursday to end at $4.014 per million British thermal units.

Gold and the greenback tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,224.00 a troy ounce during U.S. trading, up 0.37%, up from a session low of $1,207.40 and off a high of $1,225.10.The December contract settled down 0.20% at $1,219.50 on Wednesday.

RECOMMENDATION :

  • BUY GOLD ABOVE 1215 TGT 1211,1207 SL 1220
  • SELL GOLD BELOW 1222 TGT 1226,1231 SL 1207

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

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