11Jun
Forex trading

IForex Market Trading Signals and News of 11th June 2014

TRADING TIPS :

Forex – EUR/USD extends losses as U.S. Treasury yields rise
Forex – GBP/USD slips lower despite strong U.K. Data
Forex – U.S. dollar almost unchanged against Canadian dollar

EUR/USD
In U.S. trading, EUR/USD was down 0.38% at 1.3541, up from a session low of 1.3534 and off a high of 1.3602. The pair was likely to find support at 1.3503, Thursday’s low, and resistance at 1.3677, Friday’s high. Rising Treasury yields, four months of solid monthly jobs reports and other upbeat economic indicators in the U.S. sent investors chasing the dollar on Tuesday. On Friday, the U.S. Labor Department reported that the economy added 217,000 in May, close to expectations for a 218,000 increase. It was the fourth consecutive month in which the U.S. economy added more than 200,000 new nonfarm payrolls. The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain.

GBP/USD
GBP/USD hit 1.6759 during U.S. morning trade, the pair’s lowest since June 5; the pair subsequently consolidated at 1.6767 shedding 0.21%. Cable was likely to find support at 1.6699,the low of June 4 and resistance at 1.6845, the high of June 6. The pound shrugged off an earlier report by the Office for National Statistics showing that U.K. manufacturing output rose 0.4% in April from a month earlier, as expected. On a year-over-year basis manufacturing production rose 4.4% ahead of forecasts for a 4% increase. It was the largest annual increase in output since early 2011

RECOMMENDATION :

1. Buy GBP/USD Above 1.6780- TG: 1.6810/ 1.6830 SL 1.6750
2. Sell GBP/USD Below 1.6720- TG: 1.6680/ 1.6660 SL 1.6750

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

11Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 11th June 2014

MARKET UPDATES :

  • SINGAPORE’S YCH Group – Asia Pacific’s leading integrated logistics and end-to-end supply chain solutions partner – signed a Memorandum of Understanding (MOU) on Tuesday with China’s state-owned steel manufacturer, the Qingdao Iron & Steel Group Co Ltd, to jointly develop a state-of- the-art, 13.3-hectares supply chain facility in Qingdao’s Li Cang district.
  • SINGAPORE Airlines (SIA), will use the jumbo-sized Airbus A380 jet for flights to Beijing from Aug 1.The double-decker, 471-seat jet will replace two flights, which are now run using smaller aircraft. Beijing Capital International Airport will be served thrice daily. From August, the A380 will be deployed on SQ802, which departs from Singapore at 8.30am; the return flight SQ807 will leave Beijing at 4.35pm
  • PROPERTY developer SingHaiyi Group on Tuesday said it has on Monday established a S$500 million multicurrency debt issuance programme. Under the programme, SingHaiyi may, from time to time, issue in series or tranches,

STOCK RECOMMENDATION :

  • BUY STARHUB ABOVE 4.310 TG 4.360, 4.420, 4.500 SL 4.250

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

10Jun

Comex Commodity Trading Signals and Market News –10th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Tuesday with the market looking for fresh cues on demand. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,251.70 a troy ounce, down 0.18%, after hitting an overnight session low of $1,251.70 and off a high of $1,257.20.

Silver for July delivery was down 0.17% at $19.033 a troy ounce. Copper futures for July delivery were down 0.18% at $3.045 a pound.

Crude oil prices were higher in early Asian trade on Tuesday ahead of industry data on U.S. crude stocks and an upcoming OPEC meeting. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $104.50 a barrel, up 0.08%, after hitting an overnight session low of $102.63 a barrel and a high of $104.41 a barrel.

Brent oil on the ICE futures exchange rose 1.3% to $109.99 a barrel.

Natural gas futures traded lower on Monday after updated weather forecasting models called for a storm system to trek across the central and eastern U.S. and bring damp, cooler weather, which should cut into demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.701 per million British thermal units during U.S. trading, down 0.19%. The commodity hit a session high of $4.743 and a low of $4.652. The July contract settled up 0.19% on Friday to end at $4.710 per million British thermal units.

Base metals saw some profit taking following a positive start to Monday with several of the metals pushing to week-highs. Earlier, the releases of the Chinese CPI and PPI data had little impact on the metals. copper continue to languish below $6,700 per tonne, and is just $1 up from Monday’s kerb close of $6,670. Cash/threes are now at $18.50, down significantly from the $100 spread seen earlier in the month. Aluminium price stands at $1,897, $14 lower than where it last traded on Monday. Zinc at $2,123 lost $8; lead gave back $9 to $2,132 after making a $32 gain on Monday to end at $2,141 per tonne. Nickel declined $104 overnight to last bid at $18,801 – “speculative players on the LME have very much turned their attention to zinc and aluminium and nickel time in the limelight earlier this year is very much in the past,” said the note from Triland Metals. Tin lost $105 to $23,175 per tonne from last night’s $23,290 even though there was a 155-tonne reduction in stocks to 10,795 tonnes.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 109.90. If it sustain above the level of 110.27, it can touch the level of 110.77 & 111.31 respectively. If it breaks the level of 108.96, it can touch the level of 108.46, 107.91 respectively.

  • BUY BRENTCRUDEOIL-NYMEX ABOVE 110.27 TGTS 110.77, 111.31 SL 109.72.
  • SELL BRENTCRUDEOIL-NYMEX BELOW 108.96 TGTS 108.46, 107.91 SL 109.51.

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

10Jun
forex-trading3

IForex Market Trading Signals and News of 10th June 2014

TRADING TIPS :

➔Forex – GBP/USD remains moderately lower in subdued trade
➔Forex – Dollar pushes higher against euro, little changed vs. yen

EUR/USD
➔EUR/USD slid 0.25% to 1.3609.
Borrowing costs in the euro zone fell to fresh record lows on Monday, as market sentiment was boosted by the European Central Bank’s decision last week to launch a package of measures to avert the threat of persistently low inflation in the euro area.
The yield on Spain’s 10-year bonds fell to 2.6% on Monday, falling below their U.S. equivalent which was yielding 2.61%. The yield on Ireland’s 10-year bonds fell to a euro-era record low of 2.61% while the yield on German 10-year bonds fell to the lowest against their U.S. counterpart since 2005.

GBP/USD
➔GBP/USD hit 1.6788 during U.S. morning trade, the session low; the pair subsequently consolidated at 1.6786, easing 0.09%.Cable was likely to find support at 1.6723, the low of June 5 and resistance at 1.6882, the high of May 27.On Friday, the Department of Labor reported that the U.S. economy added 217,000 jobs last month, just under expectations for jobs growth of 218,000, while the unemployment rate remained unchanged at a five-and- a-half year low of 6.3%.Meanwhile, demand for the pound continued to be underpinned by expectations for a rate hike by the Bank of England in the early part of next year.Data last Wednesday showed that the U.K. service sector expanded at a faster-than-expected rate in May, indicating that the economic recovery is continuing to deepen.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6803- TG: 1.6825/ 1.6845 SL 1.6780
2. Sell GBP/USD Below 1.6780- TG: 1.6760/ 1.6740 SL 1.6810

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

10Jun
sgx-asx

Financial Sgx Singapore Stock Market Trading Picks And News – 10th June 2014

MARKET UPDATES :

  • THE China-related risks of Asia-Pacific banks continue to grow, said Fitch Ratings APAC banks had accumulated about US$1.2 trillion of China-related exposure as at end-2013, the rating agency said on Monday. Hong Kong accounts for the bulk (US$798 billion), with 34 per cent of system assets, followed by Macau (20 per cent), Singapore (12 per cent) and Taiwan (7 per cent).
  • RESALE transactions of non-landed private homes fell 7.5 per cent month-on-month in May to an estimated 421, while resale prices continued to inch down by 0.3 per cent to stay at a 17-month low. On a year-on-year basis, resale volume fell 42.6 per cent drop (from 734 units resold in May 2013), flash figures released by the Singapore Real Estate Exchange (SRX) on Monday showed.
  • VARD Holdings has shown a strong order pace with up to four contracts won in a week, but research firm OSK DMG has cautioned investors that orders tends to be “lumpy” and that near-term earnings are not expected to outperform.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.500 TG 2.550, 2.600, 2.660 SL 2.430

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

9Jun

Comex Commodity Trading Signals and Market News – 09th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures fell on Friday after data revealed the U.S. economy saw an uptick in new job creation in May, though a European Central Bank decision to loosen policy on Thursday cushioned the yellow metal’s losses. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,252.20 a troy ounce during U.S. trading, down 0.09%, up from a session low of $1,246.10 and off a high of $1,257.60. The August contract settled up 0.72% at $1,253.30 on Thursday.

Silver for July delivery was down 0.45% at $18.998 a troy ounce, while copper futures for July delivery were down 1.09% at $3.057 a pound.

Crude oil prices eased slightly in Asia on Friday ahead of U.S. data expected to show a gain of 218,000 jobs, underpinning continued strength for the dollar. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.45 a barrel, down 0.03%, after falling to a session low of $101.61 a barrel, the weakest level since May 21, before trimming losses.

• The ICE Brent oil contract erased early losses and rose 0.4% to $108.79, ending four straight losing sessions.

Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in July shed 0.59%, or 2.8 cents, to trade at $4.613 per million British thermal units during U.S. morning hours. Futures traded at $4.663 prior to the release of the supply data. Prices rose to a daily high of $4.688 per million British thermal units earlier, the most since May 8. Natural gas futures ended Wednesday’s session up 0.24%, or 1.1 cents, to settle at $4.640.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0555. If it breaks the level of 3.0524, it can touch the level of 3.0424 & 3.0268 respectively. If it sustain above the level of 3.0788, it can touch the level of 3.0888, 3.1035 respectively.

  • SELL COPPER-COMEX BELOW 3.0524 TGTS 3.0424, 3.0268 SL 3.0634.
  • BUY COPPER-COMEX ABOVE 3.0788 TGTS 3.0888, 3.1035 SL 3.0678.

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

9Jun
Forex Signals

IForex Market Trading Signals and News of 09th June 2014

TRADING TIPS :

➔Forex – GBP/USD dips on solid U.S. May unemployment report
➔Forex – EUR/USD falls on solid U.S. May jobs report
➔Forex – USD/CAD almost unchanged after U.S., Canada jobs data

EUR/USD
➔EUR/USD was down 0.17% at 1.3639,up from a session low of 1.3621 and off a high of 1.3677.The pair was likely to find support at 1.3503, Thursday’s low, and resistance at 1.3723, the high from May 21.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.

GBP/USD
➔GBP/USD was down 0.14% at 1.6796,up from a session low of 1.6782 and off a high of 1.6845 .Cable was likely to find support at 1.6699, Wednesday’s low, and resistance at 1.6.458, the earlier high.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.The report also showed that the U.S.unemployment rate remained unchanged at 6.3% last month compared to expectations for a rise to 6.4%.The data, viewed by markets as not exceptionally robust, was still strong enough to keep expectations firm for the Federal Reserve to continue winding down its monthly bond-buying program, which weakens the dollar by suppressing long-term interest rates.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6815- TG: 1.6835/ 1.6865 SL 1.6785
2. Sell GBP/USD Below 1.6790- TG: 1.6770/ 1.6740 SL 1.6820

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

9Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 09th June 2014

MARKET UPDATES :

  • THE Monetary Authority of Singapore (MAS) intends to increase cooperation with other financial supervisors to fight money laundering and terrorism financing (ML/TF)
  • LIM Swee Say, secretary-general of the National Trades Union Congress (NTUC), has reiterated the labour movement’s support for the recommended changes to the Medishield Life scheme put forth by the MediShield Life Review Committee (MLRC) this week.
  • Singapore is willing to accept slower growth as a trade-off for social stability as it aims to keep down the number of foreigners working in the city-state, finance minister Tharman Shanmugaratnam told Reuters.
  • THE Ascott, CapitaLand’s wholly owned serviced residence business unit, on Friday said it has formed a strategic alliance with China’s property developer Beijing Vanke, to manage and develop serviced residences in China.

 

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.520 TG 2.560, 2.600, 2.660 SL 2.460

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

6Jun

Comex Commodity Trading Signals and Market News – 06th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose slightly in Asia on Friday as a follow-on to ultra-loose monetary policy by the European Central Bank overnight with the focus now on U.S. data later today expected to show a gain of 218,000 jobs.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,253.50a troy ounce, up 0.02%, after hitting a session high $1,257.70 a troy ounce. Prices rallied by as much as 1.06% after the ECB decision and hit a session high of $1,257.70. Gold declined 0.02%, or 20 cents, on Wednesday to settle at $1,244.30. Prices hit an 18-week low of $1,240.20 on June 3. The European Central Bank cut its benchmark interest rate to a record-low 0.15% from the 0.25% rate held since November earlier in the day.

Silver for July delivery fell 0.18% to trade at $19.048 a troy ounce. Copper for July delivery rose 0.05% to trade at $3.093 a pound amid growing concerns over the demand outlook in China.

Crude oil prices eased slightly in Asia on Friday ahead of U.S. data expected to show a gain of 218,000 jobs, underpinning continued strength for the dollar. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.45 a barrel, down 0.03%, after falling to a session low of $101.61 a barrel, the weakest level since May 21, before trimming losses.

• The ICE Brent oil contract erased early losses and rose 0.4% to $108.79, ending four straight losing sessions.

Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in July shed 0.59%, or 2.8 cents, to trade at $4.613 per million British thermal units during U.S. morning hours. Futures traded at $4.663 prior to the release of the supply data. Prices rose to a daily high of $4.688 per million British thermal units earlier, the most since May 8. Natural gas futures ended Wednesday’s session up 0.24%,
or 1.1 cents, to settle at $4.640.

Base metals were mixed during Thursday morning trading sessions, but remained within recent ranges as the market waited for key news and data releases from the EU and US. The copper price at $6,783 per tonne was down $2 on the previous day’s close, while more than 7,000 lots were changing hands so far. Nickel business was up $60 at $19,080 as it found support from news from Indonesia. The aluminium price at $1,845 was up $10 as stocks continue to fall – both stocks and cancelled warrants lost 5,125 tonnes to 5,170,375 tonnes and 2,851,250 tonnes respectively. The lead price was $1 higher at $2,104 with a 50-tonne reduction in stocks to 190,375 tonnes. Sister metal zinc at $2,077 fell $2 although stocks at 700,375 tonnes are now the lowest since December 29, 2010. The tin price at $23,239 increased $14 with a 50 tonne drop in inventories to 10,885 tonnes.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.698. If it sustain above the level of 4.733, it can touch the level of 4.783 & 4.852 respectively. If it breaks the level of 4.585, it can touch the level of 4.535, 4.464 respectively.

  • BUY NATURALGAS-NYMEX ABOVE 4.733 TGTS 4.783, 4.852 SL 4.678.
  • SELL NATURALGAS-NYMEX BELOW 4.585 TGTS 4.535, 4.464 SL 4.640.

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

 

6Jun
forex-market-hours

IForex Market Trading Signals and News of 06th June 2014

TRADING TIPS :

➔Forex – USD/CAD pares losses after U.S., Canadian data
➔Forex – GBP/USD remains higher after BoE holds
➔Forex – EUR/USD hits 4-month lows on ECB rate cut, Draghi remarks

USD/CAD
➔USD/CAD pulled away from 1.0917, the pair’s lowest since Wednesday, to hit 1.0934 during European afternoon trade, still down 0.07%. The pair was likely to find support at 1.0885,the low of May 22 and  resistance at 1.0989, the high of May 5. Official data showed that building permits in Canada rose 1.1% in April, confounding expectations for an increase of 1.4%,after a 3.2% decline   in March, whose figure was revised down from a previously estimated 3% drop. Meanwhile, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 31 increased by 8,000 to 312,000 from the previous week’s revised total of 304,000.Analysts had expected jobless claims to rise by 6,000 to 310,000 last week.

GBP/USD
➔GBP/USD hit 1.6792 during early European afternoon trade, the pair’s highest since May 28; the pair subsequently consolidated at 1.6767, adding 0.17%.Cable was likely to find support at 1.6693, the low of May 29 and resistance at 1.6841, the high of May 16.In a widely expected move,the BoE’s Monetary Policy Committee voted to keep interest rates on hold at their current record low of 0.5%. The bank also made no change in its quantitative easing program, which remains at £375 billion.Expectations for a U.K. rate hike in the early part of next year have recently propelled sterling to multi-year highs against the dollar, after a string of strong economic reports indicated that the recovery is deepening..

RECOMMENDATION :

1. Buy GBP/USD Above 1.6815- TG: 1.6835/ 1.6865 SL 1.6785
2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6800

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

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