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.

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.

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