19Aug

Comex Commodity Trading Signals and Market News – 19th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to weaker in early Asia on Tuesday as investors focus on U.S. monetary policy prospects that seem favorable for eventual higher interest rates. Investors are watching an annual meeting of top central bank officials and economists in Jackson Hole, Wyoming from August 21 to 23. Gold traders will also pay close attention to the minutes of the Fed’s July policy meeting due to be published on Wednesday for further clues about the timing of future interest rate hikes On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,299.00 a troy ounce, down 0.02%, after hitting an overnight session low of $1,296.70 and off a high of $1,304.80.

• Bargain hunters snapped up nicely-priced natural gas futures on Monday and sent the commodity edging up into positive territory, wiping out losses sustained from recent mild weather forecasts. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.808 per million British thermal units during U.S. trading, up 0.83%. The commodity hit a session low of $3.731, and a high of $3.817.The September contract settled down 3.33% on Friday to end at $3.776 per million British thermal units.

Crude oil prices gained in Asia on Tuesday as investors saw value after recent declines and ahead of industry stocks data in the U.S. later today. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in October traded at $93.94 a barrel, up 0.20%, after hitting an overnight session low of $93.44 a barrel and a high of $95.09 a barrel.On Monday, Brent oil on ICE Futures Europe fell 1.9% to $101.60 a barrel, the lowest price since June 25, 2013.

Copper futures fell to a seven-week low on Wednesday, after disappointing Chinese economic data fuelled concerns over the health of the world’s second largest economy. On the Comex division of the New York Mercantile Exchange, copper for September delivery declined 0.51%, or 1.6 cents, to trade at $3.139 a pound during European morning hours.Prices fell to a session low of $3.134 a pound earlier, the weakest level since June 25. A day earlier, copper futures lost 0.63%, or 2.0 cents, to settle at $3.154 a pound.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1300 TG 1294,1284 SL 1310
  • BUY GOLD COMEX ABOVE 1302 TGT 1306,1311 SL 1296

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

19Aug

IForex Market Trading Signals and News of 19th August 2014

TRADING TIPS :

  • Forex – Dollar steady, sterling pushes higher
  • Forex – Pound broadly higher after Carney comments
  • Forex – Euro steady against dollar, yen

USD/CHF
USD/CHF hit 0.9047 during European late morning trade, the session high; the pair subsequently consolidated at 0.9042, rising 0.20%.The pair was likely to find support at 0.8980, the low of July 22 and resistance at 0.9086, the high of August 14.Market participants continued to focus on developments in Ukraine following reports on Friday that the country’s military attacked and destroyed a number of armored vehicles that entered the country from Russia.Investors hoping that a meeting due to take place between Russian and Ukraine’s foreign ministers later in the day would result in a breakthrough to ease geopolitical tensions in the region.

NZD/USD
NZD/USD hit 0.8476 during late Asian trade, the session low; the pair subsequently consolidated at 0.8480, inching down 0.06%.The pair was likely to find support at 0.8420, the low of August 13 and resistance at 0.8531, the high of August 5.Investors remained cautious as tensions over the crisis in Ukraine escalated on Friday following reports that Ukraine’s military attacked and destroyed a number of armored vehicles that entered the country from Russia. The kiwi was little changed against the Australian dollar, with AUD/NZD easing up 0.04%, to 1.0986. Also Monday, official data showed that new motor vehicle sales in Australia dropped 1.3% last month, after a 1.7% increase in June.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9068-TG:0.9078/0.9108 SL 0.9038
2. Sell USD/CHF Below 0.8986-TG:0.8966/0.8936 SL 0.9016

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

 

19Aug
sgx 19 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –19th August 2014

MARKET UPDATES :

  • OCBC on Monday unveiled its long-awaited rights issue, which would back its Wing Hang purchase. Looking at the broader market, there are also fears that the deepening conflict between Ukraine and Russia could dampen sentiment this week.OCBC on Monday announced a S$3.37 billion rights issue, which will go towards funding its acquisition of Hong Kong’s Wing Hang Bank.
  • UPSTREAM oil and gas company KrisEnergy said on Monday it would begin the marketing and sale of a new issuance of notes under its S$500 million medium term note (MTN) programme.The notes will be marketed and sold to institutional and sophisticated investors. The net proceeds from the sale will be used for planned capital
  • THE Monetary Authority of Singapore (MAS) is likely to maintain a modest and gradual appreciation bias of the Sing dollar at its October policy meeting, a BofA Merrill Lynch Global Research note said on Monday.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.650 TG 36.850, 37.150, 37.450 SL 36.350

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

18Aug

Comex Commodity Trading Signals and Market News – 18th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell on Friday due to weak demand in Asia, though escalating tensions in Ukraine brought the yellow metal off session lows. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,304.70 a troy ounce during U.S. trading, down 0.84%, up from a session low of $1,293.80 and off a high of $1,316.40. Futures were likely to find support at $1,283.30 a troy ounce, the low from Aug. 5, and resistance at $1,321.80, Thursday’s high. Gold has served as a hedge to geopolitical pressures in recent sessions, though weak Asian demand kept the precious metal in negative territory despite soft data in the U.S., which normally supports the asset.

• Oil prices spiked on Friday on news of escalating tensions in Ukraine, which offset a mixed bag of data out of the U.S. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded up 1.43% at $96.95 a barrel during U.S. trading. New York-traded oil futures hit a session low of $95.33 a barrel and a high of $97.16 a barrel. Nymex oil futures were likely to find support at $95.26 a barrel, Thursday’s low, and resistance at $98.58 a barrel, Monday’s high.News that Ukrainian troops destroyed a portion of a Russian column of armored vehicles inside Ukraine sent oil prices spiking on fears the conflict will escalate and disrupt crude shipments out of Russia.

• Profit taking sent natural gas futures falling on Friday, fueled by weather reports calling for a break in a U.S. heat wave. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.771 per million British thermal units during U.S. trading, down 3.46%. The commodity hit a session low of $3.765, and a high of $3.901. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ending Aug. 8 rose by 78 billion cubic feet, below expectations for an increase of 83 billion cubic feet.

TRADING STRATEGY :

  • SELL GOLD BELOW 1300 TG 1294,1284 SL 1310
  • BUY GOLD 1311 TG 1317,1327 SL 1301

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

18Aug
forex-trading3

IForex Market Trading Signals and News of 18th August 2014

TRADING TIPS :

  • Forex – Dollar falls on U.S. data, escalating Ukraine conflict
  • Forex – USD/JPY drops on U.S. data, escalating Ukraine conflict
  • Forex – EUR/USD gains on soft U.S. data, Ukraine events

EUR/USD
In U.S. trading on Friday, EUR/USD was up 0.24% at 1.3398. A double-shot of mixed data and geopolitical concerns took its toll on the dollar on Friday. The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month, and the disappointing figure weakened the U.S. Currency. Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month from 25.60 in July, worse than expectations for a decline to 20.0.

USD/JPY
In U.S. trading, USD/JPY was down 0.13% and trading at 102.32, up from a session low of 102.14 and off a high of 102.71.The pair was expected to test support at 101.51, the low from Aug. 8, and resistance at 102.71, the session high. The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month, and the disappointing figure weakened the dollar. Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month from 25.60 in July, worse than expectations for a decline to 20.0.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6700- TG: 1.6720/ 1.6750 SL 1.6670
2. Sell GBP/USD Below 1.6680- TG: 1.6660/ 1.6630 SL 1.6710

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

18Aug
sgx 18 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –18th August 2014

MARKET UPDATES :

  • UNITED Overseas Bank’s chairman, Hsieh Fu Hua, has been appointed the independent chairman of risk solutions group, ACR Capital Holdings.Mr Hsieh, who is also a director of GIC, replaces Thaddeus Beczak who has stepped down after leading the board since ACR’s founding in 2006
  • INDONESIA’S second-biggest agricultural company Japfa opened firmer as it made its debut on Singapore Exchange (SGX) on Friday morning, opening at 84 Singapore cents – up from its initial public offering (IPO) price of 80 Singapore cents – and climbing to 86.5 Singapore cents during morning trading.
  • Singapore sovereign wealth fund GIC said on Friday it has acquired an 18.5 per cent stake in Brazilian education services company Abril Educacao SA .GIC did not say how much it paid for the stake in Abril, a leading player in Brazil’s primary and secondary education market. Based on Abril’s latest closing share price, the stake is worth about US$265 million.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION LIMITED ABOVE 3.920 TG 4.120,4.300 SL 3.780

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

14Aug

Comex Commodity Trading Signals and Market News – 14th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Thursday led by profit-taking after gains overnight on bearish U.S> retail sales data. On the Comex division of the New York Mercantile Exchange,gold futures for December delivery traded at $1,313.00 a troy ounce,down 0.11%, after hitting an overnight session low of $1,306.10 and off a high of $1,316.20. Overnight, gold prices spiked after U.S. retail sales figures disappointed markets, which reminded investors the Federal Reserve won’t rush to tighten monetary policy. Core retail sales, which exclude auto sales, rose just 0.1% in July, below expectations for a 0.4% gain.

Crude prices fell in Asia on Thursday, continuing overnight declines on a bearish U.S. stocks report and a lack of fresh geopolitical drivers. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded at $97.40 a barrel, down 0.20%, after hitting an overnight session low of $96.76 a barrel and a high of $97.64 a barrel.The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 1.4 million barrels in the week ended Aug. 8, confounding expectations for a decline of 2.0 million barrels.

Brent oil futures tumbled to a 13-month low on Wednesday, as global supplies were seen as ample despite ongoing violence in Ukraine and the Middle East. On the ICE Futures Exchange in London, Brent oil for September delivery fell 0.36%, or 37 cents, to trade at $102.65 a barrel during European morning hours. The September Brent contract hit a session low of $102.37 earlier, the weakest level since July 1, 2013.

Copper futures fell to a seven-week low on Wednesday, after disappointing Chinese economic data fuelled concerns over the health of the world’s second largest economy. On the Comex division of the New York Mercantile Exchange, copper for September delivery declined 0.51%, or 1.6 cents, to trade at $3.139 a pound during European morning hours. Prices fell to a session low of $3.134 a pound earlier, the weakest level since June 25. A day earlier, copper futures lost 0.63%, or 2.0 cents, to settle at $3.154 a pound.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1318 TG 1326,1336 SL 1308
  • SELL GOLD BELOW 1308 TG 1302,1292 SL 1318

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

14Aug
Forex Signals

IForex Market Trading Signals and News of 14th August 2014

TRADING TIPS :

  • Forex – Euro steady close to 9-month lows vs. dollar
  • Forex – Sterling falls to 10-week lows vs. dollar
  • Forex – Pound edges lower after UK jobs report, BoE ahead

EUR/USD
EUR/USD was at 1.3371, not far from the nine-month lows of 1.3332 reached a week ago.The pair was likely to find support at 1.3332 and resistance at 1.3400.The euro fell to lows of 1.3335 on Tuesday after a report showed that investor confidence in Germany, the euro zone’s largest economy, slumped to the lowest level since December 2012 this month. The ZEW Centre for Economic Research reported that its index of German economic sentiment dropped to 8.6 this month, down from 27.1 in July, due to the impact of ongoing geopolitical tensions.

GBP/USD
GBP/USD dipped 0.04% to 1.6803 from around 1.6819 ahead of the employment report.Cable was likely to find support at 1.6755, Tuesday’s low and a two-month trough and resistance at 1.6840.The Office of National Statistics reported that average earnings, excluding bonuses, rose by just 0.6% in the three months to June. Including bonuses, pay packets contracted by 0.2% during the quarter, the first decrease since 2009. Pay growth is continuing to lag inflation which came in at 1.9% in June. The Bank of England has indicated that concerns over weak wage growth are an important factor in the debate on when to start hiking borrowing costs.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3370: TG: 1.3390/1.3420 SL 1.3340
2. Sell EUR/USD Below 1.3355 TG: 1.3335/1.3305 SL 1.3385

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

 

14Aug
sgx 14 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –14th August 2014

MARKET UPDATES :

  • YING Li International Real Estate swung into the black with a net profit of 13.98 million yuan (S$2.84 million) for the second quarter ended June 30, 2014, versus a loss of 17.19 million yuan in Q2 2013.Revenue surged 175.5 per cent year on year to 246.33 million yuan, boosted by revenue recognition from the handover of residential units in the Ying Li International Plaza project.
  • NET profit for palm oil producer First Resources dropped 30.8 per cent year on year to US$26.09 million in the second quarter ended June 30, 2014, as operating profit fell due to the lower selling prices of crude palm oil and its refined products.Revenue eased 6.3 per cent downwards to US$112.19 million on the back of lower average selling prices, which was partially offset by higher sales volumes from the refinery and processing segment.
  • PALM oil firm Bumitama Agri saw net profit surge 89.6 per cent year on year to 293.34 billion rupiah (S$31.34 million) for the second quarter ended June 30, bolstered by the higher selling price and sales volume of both crude palm oil and palm kernel.Revenue grew 48.7 per cent to 1.46 trillion rupiah due to the same factors.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 35.100 TG 35.300, 35.600, 36.000 SL 34.850

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

13Aug
forex-trading3

IForex Market Trading Signals and News of 13th August 2014

TRADING TIPS :

  • Forex – Dollar gains as euro nears 9-month lows
  • Forex – Bitcoin extends sell-off after U.S. agency warns of risks
  • Forex – Euro extends losses after German ZEW miss

USD/CHF
USD/CHF hit 0.9101 during European late morning trade, the pair’s highest since August 7; the pair subsequently consolidated at 0.9097, rising 0.33%.The pair was likely to find support at 0.9056, Monday’s low and resistance at 0.9156.Risk sentiment was hit after Iraq on Monday named Haidar al-Abadi as the new prime minister to end the eight-year rule of Nuri al-Maliki, but Maliki has refused to go and deployed special forces in Baghdad. In Ukraine, a Russian convoy of 280 trucks carrying humanitarian aid set off on Tuesday amid Western warnings against using help as a pretext for an invasion.The Swissie was steady against the euro, with EUR/CHF inching up 0.05% to 1.2141.

GBP/USD
GBP/USD hit 1.6757 during European morning trade, the pair’s lowest since June 11; the pair subsequently consolidated at 1.6768, slipping 0.10%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6831, the high of August 8.Investors remained cautious after Iraq on Monday named Haidar al-Abadi as the new prime minister to end the eight-year rule of Nuri al-Maliki, but Maliki has refused to go and deployed special forces in Baghdad. In Ukraine,a Russian convoy of 280 trucks carrying humanitarian aid set off on Tuesday amid Western warnings against using help as a pretext for an invasion.Sterling was higher against the euro, with EUR/GBP falling 0.21% to 0.7957.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9135: TG: 0.9150/0.9170 SL 0.9115
2. Sell USD/CHF Below 0.9076 TG: 0.9061/0.9041 SL 0.9196

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

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