13Aug

Comex Commodity Trading Signals and Market News – 13th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased slightly in Asia on Wednesday as investors awaited fresh cues on European growth prospects and geopolitical tensions. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,310.00 a troy ounce, down 0.05%, after hitting an overnight session low of $1,306.90 and off a high of $1,318.90.Overnight, gold prices rose albeit in choppy trading after data out of Germany suggested the Russia-Ukraine conflict may be watering down global recovery, which bolstered the precious metal’s safe-haven appeal.

Crude oil prices fell in Asia Wednesday after an industry group said U.S. crude stocks rose last week. The American Petroleum Institute reported that U.S. crude stocks rose by 2 million barrels, while distilaltes fell 2.6 million barrels and gasoline supplies gained 2.7 million barrels. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded at $97.22 a barrel, down 0.15%, after hitting an overnight session low of $96.87 a barrel and a high of $97.94 a barrel.

Natural gas futures rose on Tuesday as investors bet a heat wave making its way across the eastern U.S. will prompt households to ramp up their air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $4.002 per million British thermal units during U.S. trading, up 0.92%. The commodity hit a session low of $3.960, and a high of $4.020.

Brent oil futures sank to a nine-month low on Tuesday, as global supplies were seen as ample despite ongoing violence in Ukraine and Iraq. On the ICE Futures Exchange in London, Brent oil for September delivery tumbled 1.01%, or $1.06, to trade at $103.62 a barrel during U.S. morning hours.

Copper futures fell to a seven-week low before turning higher on Tuesday, as investors were cautious ahead of key economic data out of China, while geopolitical developments in Ukraine, Iraq and Gaza remained in focus. On the Comex division of the New York Mercantile Exchange, copper for September delivery tacked on 0.28%, or 0.9 cents, to trade at $3.183 a pound during European morning hours.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1312 TG 1318,1328 SL 1302
  • SELL GOLD BELOW 1304 TG 1294,1284 SL 1314

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

13Aug
sgx 13 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –13th August 2014

MARKET UPDATES :

  • LED by International Enterprise (IE) Singapore and the Singaporean-German Chamber of Industry and Commerce, 10 Singapore technology SMEs (small and medium-sized enterprises) will showcase their products to prospective partners at the upcoming IFA 2014.
  • SBS Transit’s second quarter net profit rose 57.2 per cent to S$4.96 million, up from S$3.16 million a year ago. Revenue rose 12.3 per cent, from $209.34 million to S$235.13 million. Revenue from the bus segment was 10.3 per cent higher at S$186.3 million, compared with S$168.9 million previously, as a result of an increase in average daily ridership, average fares and other operating income.
  • THE Singapore economy grew 2.4 per cent in the second quarter of 2014; above the government’s July estimate of 2.1 per cent, but slower than Q1’s growth of 4.8 per cent. This was largely due to a sharp slowdown in the manufacturing sector, although expansion in the services and construction sectors moderated as well.
  • SINCAP Group has entered into a term sheet to acquire investment holding firm LTN Land for S$38.5 million.Sincap’s group chief executive Ng Hong Wheel owns an 18 per cent stake in LTN Land.

STOCK RECOMMENDATION :

  • BUY DBS GROUP ABOVE 18.100 TG 18.200,18.300,18450 SL 19.950

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

12Aug

Comex Commodity Trading Signals and Market News – 12th August 2014

INTERNATIONAL COMMODITY NEWS :

• U.S. natural gas futures rallied more than 2% on Friday, as weather patterns called for warmer summer temperatures across much of the U.S. later this week. On the New York Mercantile Exchange, natural gas for delivery in September hit a daily high of $3.975 per million British thermal units, before settling at $3.962 by close of trade, up 2.22%, or 8.6 cents. Demand for natural gas tends to fluctuate in the summer based on hot weather and air conditioning use.

Crude oil futures swung between small gains and losses on Monday, as traders awaited new developments from Ukraine and the Middle East. On the ICE Futures Exchange in London, Brent oil for October delivery dipped 0.09%, or 10 cents, to trade at $105.53 a barrel during European morning hours Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in September inched up 0.09%, or 9 cents, to trade at $97.74 a barrel.Fighting between Ukraine security forces and pro-Russia rebels continued in eastern Ukraine over the weekend, as Ukraine dismissed the insurgents’ offer of a ceasefire.

Copper futures edged higher on Monday, as investors digested Chinese inflation data released over the weekend. On the Comex division of the New York Mercantile Exchange, copper for September delivery tacked on 0.18%, or 0.6 cents, to trade at $3.179 a pound during European morning hours. Copper prices have been on a downward trend in recent sessions amid indications of a slowdown in demand from China, the world’s largest consumer of the red metal. Official trade data released Friday showed that China’s copper arrivals fell 2.9% month-on-month in July, declining for a third straight month.

Gold futures edged modestly lower on Monday, as market players continued to monitor geopolitical developments from Ukraine and the Middle East. On the Comex division of the New York Mercantile Exchange, gold for December delivery dipped 0.15%, or $2.00, to trade at $1,309.00 a troy ounce during European morning hours. Gold prices eased in Asia on Monday on profit taking, but remain well supported on prospects for volatility linked to events in the Middle East and Russia. On the Comex division of the New York Mercantile Exchange, gold for December delivery eased to $1,309.70 a troy ounce, down 0.10%, after settling last week at $1,311.00 by close of trade, down 0.11%, or $1.50.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1314 TG 1320,1330 SL 1304
  • SELL GOLD BELOW 1304 TG 1298,1288 SL 1313

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

12Aug
forex-trading3

IForex Market Trading Signals and News of 12th August 2014

TRADING TIPS :

  • Forex – Dollar edges higher vs. yen as geopolitical tensions ease
  • Forex – NZD/USD steady, market sentiment recovers
  • Forex – Bitcoin holds steady in lackluster trade

USD/CHF
USD/CHF hit 0.9066 during European late morning trade, the session high; the pair subsequently consolidated 0.9062, adding 0.10%.The pair was likely to find support at 0.9018, the low of July 25 and resistance at 0.9098, the high of August 8.Official data showed that Swiss retail sales rose 3.4% in June compared to a year earlier, beating expectations for a 0.3% gain. May’s figure was revised to a 0.5% fall from a previously estimated 0.6% decline. Market sentiment improved on Monday following reports Russia ended military exercises it was holding close to the border with Ukraine, but investors were continuing to monitor developments in the region closely.

GBP/USD
GBP/USD hit 1.6795 during European morning trade, the session high; the pair subsequently consolidated at 1.6792,edging up 0.11%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6831, Friday’s high. Market sentiment improved on Monday following reports Russia ended military exercises it was holding close to the border with Ukraine, but investors were continuing to monitor developments in the region closely.News of a fresh 72-hour ceasefire between Israel and Hamas in Gaza which came into effect on Sunday also eased concerns over geopolitical instability in the Middle East. Separately,demand for the safe-haven dollar had weakened on Friday after the U.S. launched airstrikes in Iraq.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9080: TG: 0.9095/0.9115 SL 0.9060
2. Sell USD/CHF Below 0.9008 TG: 0.8993/0.8973 SL 0.9028

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

12Aug
sgx 12 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –12th August 2014

MARKET UPDATES :

  • GLOBAL Logistic Properties Limited (GLP) said it will sell nine properties in Japan to associate GLP J-Reit for 53.8 billion yen (S$659 million).These properties comprise a total gross floor area of 237,000 square metres.GLP, the property and asset manager of J-Reit, said it plans to recycle the sales proceeds to retain its 15 per cent stake in J-Reit and in developments in China, Japan and Brazil.
  • FOOD and beverage (F&B) firm Super Group reported a 59 per cent slump in net profit to S$15.04 million for the second quarter ended June 30, 2014, compared to a year ago when there was a S$17.1 million boost from the sale of an associate.
  • GOLD mining company CNMC Goldmine Holdings reported a net profit of US$4.44 million for the second quarter ended June 30, 2014, up from US$26,180, bolstered by a record fine gold production volume. Revenue shot up by over 272 per cent year on year to US$8.27 million as the significant increase in the production and sales volume of fine gold in Q2FY14 offset the lower average realised gold price. Earnings per share jumped to 1.09 US cent, up from 0.01 US cent previously.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.500 TG 2.530, 2.600, 2.660 SL 2.460

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

11Aug

Comex Commodity Trading Signals and Market News – 11th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell on Friday after reports that Russia was standing down on the border with Ukraine coupled with news that the U.S. has launched airstrikes in Iraq to halt a Sunni insurgency there chipped away at the yellow metal’s safe-haven appeal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,310.70 a troy ounce during U.S. trading, down 0.14%, up from a session low of $1,307.60 and off a high of $1,324.10. The December contract settled up 0.33% at $1,312.50 on Thursday.

Crude prices came off earlier highs on Friday after markets bet that U.S. airstrikes against Sunni insurgents in Iraq will halt the advance and buffer the country’s large oilfields in the south. The September contract settled up 0.43% at $97.34 a barrel on Thursday.

Natural gas futures traded near session highs on Friday after updated weather-forecasting models predicted a heat wave to trekk across the eastern U.S. in the coming days, which should hike demand for air conditioning. On the New York Mercantile Exchange, naturalgas futures for delivery in September traded at $3.957 per million British thermal units during U.S. trading, up 2.08%. The commodity hit a session low of $3.874, and a high of $3.960. The September contract settled down 1.45% on Thursday to end at $3.876 per million British thermal units.

Gold futures rose to three-week highs on Friday, as mounting geopolitical tensions in Iraq and Ukraine further boosted safe- haven demand. On the Comex division of the New York Mercantile Exchange, goldfor December delivery traded at $1,321.10 a troy ounce during European morning trade, gaining 0.66%.The December contract settled 0.33% higher on Thursday to end at $1,312.5 a troy ounce.

Crude oil futures rose on Friday, as geopolitical tensions in Iraq fuelled speculation over potential supply disruptions in the region. Oil prices gained ground after U.S. President Barack Obama on Thursday authorized air strikes in Iraq to put an end to an onslaught by Islamic militants and begun military air-drops of humanitarian supplies to besieged religious minorities to prevent a “potential act of genocide”.

TRADING STRATEGY :

  • BUY COMEX GOLD ABOVE 1322 TG 1332,1352 SL 1306
  • SELL COMEX GOLD BELOW 1300 TG 1290,1270 SL 1315

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

11Aug
Forex Signals

IForex Market Trading Signals and News of 11th August 2014

TRADING TIPS :

  • Forex -Dollar falls on European data, geopolitical concerns
  • Forex -CFTC – week ending August 5: speculators more bearish on Euro, Yen
  • Forex -Dollar rises on jobless claims, though geopolitical woes dampen gains

USD/JPY
USD/JPY hit 101.60 during late Asian trade, the pair’s lowest since July 24; the pair subsequently consolidated at 101.73, shedding 0.35%.The pair was likely to find support at 101.42, the low of July 24 and resistance at 102.15, the session high.The greenback strengthened broadly this week after a series of upbeat U.S. economic reports sparked fresh speculation over the timing of a rate cut by the Federal Reserve.On Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 2 decreased by 14,000 to 289,000 from the previous week’s total of 303,000.

GBP/USD
In U.S. trading on Thursday, GBP/USD was trading down 0.08% at 1.6842 up from a session low of 1.6824 and off a high of 1.6864.Cable was likely to find support at 1.6822, Wednesday’s low, and resistance at 1.6888, Tuesday’s high. The U.S. Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Aug. 2 fell by 14,000 to 289,000 from the previous week’s total of 303,000. Analysts had expected jobless claims to rise by 2,000 to 305,000 last week, and the numbers fueled already growing market expectations for the Federal Reserve to close its monthly bond-buying stimulus program in October and begin hiking interest rates afterwards in 2015.

RECOMMENDATION :

1. Buy USD/JPY Above 102.18: TG: 102.33/102.53 SL 102.03
2. Sell USD/JPY Below 101.45 TG: 101.30/101.10 SL 101.65

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

11Aug
sgx 11 aug 2014

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

MARKET UPDATES :

  • Kalpa PROPERTY and hotel group UOL has posted net profit attributable to shareholders of S$211.72 million for the second quarter ended June 30 – a 51 per cent drop from the nearly S$431.40 million net earnings in the same period last year.
  • STATS ChipPAC on Friday narrowed its net loss for its second quarter, in the absence of a one-off item booked a year ago.Net loss for the three months ended June 29 stood at US$4.18 million, compared to a net loss of US$52.2 million a year ago.
  • [SINGAPORE] The earnings story is still largely at play this week:Offshore marine player Nam Cheong said its net profit for the second quarter ended June 30 surged 55 per cent to 63.3 million Malaysian ringgit on the back of strong vessel orders. Its revenue leapt 38 per cent to RM378.8 million. Year-to-date, Nam Cheong has achieved strong orders for 13 vessels worth about US$290 million.
  • LOYZ Energy said on Friday morning that it has entered into a subscription agreement with Oversea-Chinese Banking Corporation (OCBC) under which it will issue 22.22 million free and detachable warrants in two tranches to the bank.

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 22.800 TG 23.000,23.400 SL 22.500

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

8Aug

Comex Commodity Trading Signals and Market News – 08th August 2014

INTERNATIONAL COMMODITY NEWS :

• Gold futures edged higher on Tuesday, but remained below the key $1,300-level, as prospects of an interest rate hike in the U.S. held gains in check. On the Comex division of the New York Mercantile Exchange, gold for December delivery tacked on 0.29%, or $3.80, to trade at $1,292.70 a troy ounce during European morning hours. Prices held in a narrow range between $1,288.30 and $1,293.50. Gold ended Monday’s session down 0.46%, or $5.90, to settle at $1,288.90 an ounce. Futures were likely to find support at $1,281.00, the low from August 1 and resistance at $1,314.60, the high from July 29.

• Copper futures declined on Tuesday, after data showed that China’s services sector grew at its slowest pace in nearly nine years in July. On the Comex division of the New York Mercantile Exchange, copper for September delivery dipped 0.16%, or 0.5 cents, to trade at $3.239 a pound during European morning hours. Prices held in a narrow range between $3.236 and $3.249 a pound. Copper ended Monday’s session up 0.92%, or 2.9 cents, to settle at $3.244.Futures were likely to find support at $3.199, the low from August 4 and resistance at $3.262, the high from July 30.

• Gold prices fell on Monday after investors ditched safe-haven positions in the yellow metal and went long on U.S. stocks due to earnings and jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,288.60 a troy ounce during U.S. trading, down 0.48%, up from a session low of $1,287.10 and off a high of $1,296.40. The December contract settled up 0.94% at $1,294.80 on Friday.Futures were likely to find support at $1,281.00 a troy ounce, Friday’s low, and resistance at $1,314.60, last Tuesday’s high.U.S. stocks rose on Monday after legendary investor Warren Buffett’s company Berkshire Hathaway beat expectations, which cut into the need for safe-haven gold positions.

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 1.12% at $97.19 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.04 a barrel and a high of $98.67 a barrel. The September contract settled up 0.42% at $98.29 a barrel on Friday.Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, the high from July 28.Despite data suggesting the U.S. economy is improving, growing concerns that the global economy is not gaining enough steam to make a dent in ample crude supplies sent the commodity tumbling on Tuesday, offsetting otherwise bullish pressures in the U.S. and in Eastern Europe.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1321 TG 1327 1337 SL 1311
  • SELL GOLD COMEX BELOW 1311 TG 1305,1295 SL 1221

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

8Aug
Forex Signals

IForex Market Trading Signals and News of 08th August 2014

TRADING TIPS :

  • Forex -Pound edges lower against dollar before BoE
  • Forex -Bitcoin stabilizes at $580-level in rangebound trade
  • Forex -USD/CHF edges up, hovers near 8-month highs

AUD/USD
AUD-USD hit 0.9263 during late Asian trade, the pair’s lowest since June 5; the pair subsequently consolidated at 0.9267, declining 0.93%.The pair was likely to find support at 0.9230, the low of June 3 and resistance at 0.9358, the session high.Official data earlier showed that the number of employed people in Australia fell by 300 in July, confounding expectations for an increase of 12,000. June’s figure was revised down to a 14,900 gain from a previously estimated 15,900 rise.The report also showed that Australia’s unemployment rate rose to 6.4% last month, from 6.0% in June. Analysts had expected the unemployment rate to remain unchanged in July.

GBP/USD
GBP-USD hit 1.6834 during early European afternoon trade, the session low; the pair subsequently consolidated at 1.6850, dipping 0.03%. Cable was likely to find support at around the 1.68 level and resistance at 1.6887, this week’s high.At the conclusion of its monthly policy meeting, the BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.The central bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion. The pound had come under pressure on Wednesday after data showed that industrial and manufacturing output in the U.K. expanded at a slower than expected rate in June.

RECOMMENDATION :

1. Buy AUD/USD Above 0.9298: TG: 0.9313/0.9333 SL 0.9278
2. Sell AUD/USD Below 0.9245 TG: 0.9230/0.9210 SL 0.9265

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

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