15May
forex-trading3

IForex Market Trading Signals and News of 15th May 2014

TRADING TIPS

EUR/GBP
EUR/USD was trading at 1.3721, up 0.15% for the day after falling to lows of 1.3688 late Tuesday, the weakest since April 4.The pair is likely to find support at 1.3688 and resistance at 1.3770, Tuesday’s high.The euro has come under heavy selling pressure in recent sessions after the European Central Bank indicated late last week that it could ease monetary policy as soon as its next meeting in June, to stop inflation in the euro zone from falling too low.The euro fell to session lows against the yen earlier Wednesday and weakened to a more than one-and-a-half year low against sterling following reports that the ECB is preparing to cut rates next month. Reuters reported that the ECB is preparing a “package of measures” including cuts to all interest rates, with negative rates on bank deposits, as well as measures to bolster lending to small and medium size businesses.The report cam

GBP/USD
GBP/USD hit lows of 1.6760, the weakest since April 16 and was last trading at 1.6785, down 0.23% for the day.Cable was likely to find support at 1.6600 and resistance at 1.6881.In its quarterly Inflation Report the BoE said it now expects economic growth of 2.9% in 2015, up from 2.7% in its February report, and said the rate of growth this year would remain unchanged at 3.4%.The bank said it expects annual inflation to be close to its 2% target over the next two to three years if interest rates in the U.K. rise in line with expectations in financial markets.The BoE’s Monetary Policy Committee said there has been a “modest narrowing” in the amount of slack in the economy over the past three months but added that there is scope to further reduce slack before hiking rates.

RECOMMENDATION:
1. Buy GBP/USD Above 1.6790- TG: 1.6710/ 1.6740 SL 1.6765
2. Sell GBP/USD Below 1.6750- TG: 1.6730/ 1.6700 SL 1.6780

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

15May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 15th May 2014

MARKET UPDATES

  • MAINBOARD-listed Technics Oil and Gas and its Middle East Consortium partner have received a letter of award to set up a gas processing facility in South Asia worth S$166 million. The contract is for two years of operations and maintenance where the terms and conditions have yet to be finalized.
  • SHARES of ComfortDelgro surged more than six percent on Wednesday after the transport operator posted a 9.7 per cent year-on-year rise in its first quarter net profit. ComfortDelgro shares opened at S$2.15 before climbing to S$2.26 each. They were trading at S$2.22, up 10 cents, or 4.72 per cent,
  • NEWLY-listed PACC Offshore Services Holdings Ltd (POSH) has won an US$80.5 million charter contract from Brazil’s national oil company Petrobas for a semi-submersible accommodation vessel (SSAV). Petrobras will charter the vessel named “POSH XANADU” for a year from December, and has an option to extend it by another year. If so, the total contract value will be more than US$144 million.

STOCK RECOMMENDATION:

  • BUY CAPITALAND LTD ABOVE 3.130 TG 3.180, 3.230, 3.300 SL 3.060

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

14May

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

INTERNATIONAL COMMODITY NEWS

Gold prices eased in Asia on Wednesday in thin trade as investors await further cues on the dollar. On the Comex division of theNew York Mercantile Exchange, gold futures for June delivery traded at $1,293.10 a troy ounce, down 0.13%, after hitting an overnight session low of $1,289.20 and off a high of $1,298.80.

Silver comex for July delivery was down 0.05% at $19.538 a troy ounce. Copper futures for July delivery were up 0.07% at $3.135 a pound.

Crude oil prices rose in Asia on Wednesday after data pointed to a drop in U.S. gasoline stocks with the summer driving season gearing up. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.87 a barrel, up 0.16%, after hitting an overnight session low of $100.37 a barrel and a high of $101.51 a barrel.

Brent oil on the ICE futures exchange rose 83 cents, or 0.8%, to $109.24 a barrel on Tuesday, the highest settlement since April 25.

Natural gas prices fell on Tuesday after updated weather-forecasting models continued to call for mild temperatures to settle in across much of the U.S., which should crimp demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.386 per million British thermal units during U.S. trading, down 1.09%. The commodity hit session high of $4.547 and a low of $4.468. The June contract settled down 2.14% on Monday to end at $4.434 per million British thermal units.

Base metals business turned choppy during Tuesday’s LME premarket – the momentum seen during Monday’s robust advances faltered after the release of under-performing Chinese economic data.The copper price peaked at $6,893.25 per tonne and then settled back at $6,878, a $1 loss from the Monday close. Warehouse inventories fell for the 15th day in a row – down a net 2,350 tonnes at 202,975 tonnes, the lowest since October 2008. The nickel price burst above $21,000 to trade as high as $21,625 and then fell away to $20,771, down $129. The red-hot rally is showing signs of becoming technically overstretched but there is little sign of a significant correction. the zinc price at $2,086 was up $6, with inventories down 2,150 tonnes at 757,975 tonnes, the lowest for two months. Lead traded at $2,127, up $1.50, even after inventories rose 200 tonnes to 193,675 tonnes.The aluminium price was unchanged at $1,785 – inventories were down 13,875 tonnes at 5,289,600 tonnes, the lowest since mid-March. Tin at $23,050 rose $75 – stocks fell 20 tonnes to 9,620 tonnes.

TRADING STRATEGY :

SILVER-COMEX has closed @ 19.51. If it sustain above the level of 19.59, it can touch the level of 19.74 & 19.90 respectively. If it breaks the level of 19.13, it can touch the level of 18.98, 18.82 respectively.

BUY SILVER-COMEX ABOVE 19.59 TGTS 19.74, 19.90 SL 19.34.
SELL SILVER-COMEX BELOW 19.13 TGTS 18.98, 18.82 SL 19.38.

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

14May
forex-market-hours

IForex Market Trading Signals and News of 14th May 2014

TRADING TIPS

EUR/GBP
EUR/GBP touched lows of 0.8138, the weakest level since January 2013, and was last trading at 0.8140, 0.18% lower for the day.The pair was likely to find support at 0.8085 and resistance at 0.8173, the session high.The drop in the euro came after media reports that Germany’s central bank is open to more stimulus measures from the ECB.The Wall Street Journal reported the Bundesbank would back monetary easing measures if they were needed to keep persistently low levels of inflation from becoming entrenched in the euro zone.The ECB warned last week that it is “comfortable” with acting at its next meeting in June after it has a chance to review the latest economic projections.The single currency also came under pressure after data showed that German economic sentiment fell to a 16-month low in May.

GBP/USD
GBP/USD hit 1.6826, the lowest since May 2 and was last down 0.15% to 1.6842.Cable was likely to find support at 1.6805 and resistance at 1.6937, Friday’s high.Sterling’s losses were held in check amid expectations that the BoE would upgrade its forecast for growth when it presents its quarterly inflation report on Wednesday.The latest U.K. jobs report, also due for release on Wednesday, is expected to show a another decline in the unemployment rate to a more than five year low of 6.8% in the three months to March, while wage growth is expected to rise again.A strong reading would reinforce expectations that the BoE will raise interest rates ahead of other central banks and send the pound rising towards recent almost five year peaks against the dollar.

RECOMMENDATION:
1. Buy GBP/USD Above 1.6905- TG: 1.6925/ 1.6955 SL 1.6875
2. Sell GBP/USD Below 1.6860- TG: 1.6840/ 1.6810 SL 1.6890

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

14May
sgx-asx-tse

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

MARKET UPDATES

  • Singapore airport services and catering firm SATS Ltd said on Monday it had abandoned plans to acquire a cruise and ferry terminal operator from a unit of Singapore state investor Temasek Holdings for S$110 million (US$88 million). In September, SATS said it would buy the Singapore Cruise Centre from Hazeltree Holdings Private Ltd, an indirect wholly-owned subsidiary of Temasek. “The purchasers and the vendor have agreed not to proceed with the acquisition and to terminate the SPA.
  • SINGAPORE sovereign investment company Temasek Holdings is taking a significant minority equity stake in Dymon Asia, the alternative investment manager said. Temasek will commit an initial US$500 million to be managed by Dymon and will be used to seed new invsetment strategies.
  • RESALE prices of non-landed private homes slipped 1.7 per cent in April, touching a 16-month low since December 2012. This was in spite of the increase in volumes of resale transactions, which at 476 was 24.6 per cent higher than March’s, flash estimates by the Singapore Real Estate Exchange (SRX) show.

STOCK RECOMMENDATION:

  • BUY HONGKONG LAND ABOVE 6.950 TG 7.030, 7.810, 7.910 SL 6.850.

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

13May

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

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Tuesday, supported by events in the Ukraine in thin trade with markets in Singapore, Vietnam, Thailand, Cambodia, Laos, Malaysia, Myanmar and Indonesia shut for Vesak Day. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,297.80 a troy ounce, up 0.15%, after hitting an overnight session low of $1,278.30 and off a high of $1,303.90.

Silver comex for July delivery rose 0.23% at $19.587 a troy ounce. Copper futures for July delivery gained 0.25% at $3.152 a pound.

Crude oil priced dipped in Asia on Tuesday ahead of U.S. industry crude oil stocks data and with markets in Singapore, Vietnam, Thailand, Cambodia, Laos, Malaysia, Myanmar and Indonesia shut for Vesak Day. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.54 a barrel, down 0.05%, after hitting an overnight session low of $99.94 a barrel and a high of $100.93 a barrel.

Brent oil on the ICE futures exchange rose 52 cents, or 0.5%, to $108.41 a barrel, its highest settlement price since May 2.

Natural gas prices fell on Monday after updated weather-forecasting models called for mild temperatures to settle in across much of the U.S. over the coming week, which should crimp demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.451 per million British thermal units during U.S. trading, down 1.78%. The commodity hit session high of $4.547 and a low of $4.451. The June contract settled down 0.90% on Friday to end at $4.531 per million British thermal units.

• The base metals closed with average gains of 0.5 percent on Friday, although that was skewed by the 3.9 percent rally in the nickel price, the rest were mixed, with aluminium, lead, zinc and tin lower, whilst the copper price gained 0.6 percent to $6,754.25. The copper price gained $30 from Friday’s close to $6,775 and inventories are at their lowest since October 2008 – stocks fell a net 4,700 tonnes to just 208,325 tonnes due to drawdowns in Antwerp, Johor and New Orleans. Cancelled warrants were also lower, down 4,775 tonnes at 94,050 tonnes. Aluminium at $1,766 was $4 higher, with stocks earlier down 8,600 tonnes at 5,313,300 tonnes and cancellations down 2,925 tonnes at 2,904,850 tonnes. The lead price was last $2,090, up $5 while the zinc price gained $3 higher at $2,035.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1460. If it sustain above the level of 3.1430, it can touch the level of 3.1550 & 3.1700 respectively. If it breaks the level of 3.1032, it can touch the level of 3.0912, 3.0760 respectively.

•BUY COPPER-COMEX ABOVE 3.1430 TGTS 3.1550, 3.1700 SL 3.1300.
•SELL COPPER-COMEX BELOW 3.1032 TGTS 3.0912, 3.0760 SL 3.1160.

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

13May

IForex Market Trading Signals and News of 13th May 2014

TRADING TIPS

EUR/USD

EUR/USD was last trading at 1.3766, but was still close to the one-month trough of 1.3744 reached late Friday.The pair was likely to find support at 1.3695 and resistance at 1.3800.The euro fell from two-and-a-half year highs against the dollar on Thursday after ECB President Mario Draghi said the banks is “comfortable” with acting to shore up growth and stop inflation from falling too low at its next meeting in June.The ECB left rates on hold on Thursday, as widely expected.Meanwhile, investors remained cautious after pro-Russian separatists claimed victory in a weekend referendum on self-rule in eastern Ukraine, fuelling fears that the country is sliding closer to civil war. The vote has been condemned by Ukraine’s government and the West.The euro was also higher against the yen, with EUR/JPY risin.

NZD/USD

NZD/USD hit 0.8633 during late Asian trade, the session high; the pair subsequently consolidated at 0.8628, adding 0.19%.The pair was likely to find support at 0.8549, the low of April 30 and resistance at 0.8709, the high of May 7.Markets were jittery after pro-Russian separatists claimed victory in a weekend referendum on self-rule in eastern Ukraine, fuelling fears that the country is sliding closer to civil war. The vote has been condemned by Ukraine’s government and the West.The kiwi was higher against the Australian dollar, with AUD/NZD slipping 0.16% to 1.0852.Also Monday, the National Australia Bank said that its business confidence index rose to 6 in April, from a reading of 4 the previous month.Later in the d.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6905- TG: 1.6925/ 1.6955 SL 1.6875
2. Sell GBP/USD Below 1.6860- TG: 1.6840/ 1.6810 SL 1.6890

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

13May
sgx2

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

MARKET UPDATES

  • Singapore airport services and catering firm SATS Ltd said on Monday it had abandoned plans to acquire a cruise and ferry terminal operator from a unit of Singapore state investor Temasek Holdings for S$110 million (US$88 million). In September, SATS said it would buy the Singapore Cruise Centre from Hazeltree Holdings Private Ltd, an indirect wholly-owned subsidiary of Temasek. “The purchasers and the vendor have agreed not to proceed with the acquisition and to terminate the SPA.
  • SINGAPORE sovereign investment company Temasek Holdings is taking a significant minority equity stake in Dymon Asia, the alternative investment manager said. Temasek will commit an initial US$500 million to be managed by Dymon and will be used to seed new invsetment strategies.
  • RESALE prices of non-landed private homes slipped 1.7 per cent in April, touching a 16-month low since December 2012. This was in spite of the increase in volumes of resale transactions, which at 476 was 24.6 per cent higher than March’s, flash estimates by the Singapore Real Estate Exchange (SRX) show.

STOCK RECOMMENDATION:

  • BUY HONGKONG LAND ABOVE 6.950 TG 7.030, 7.810, 7.910 SL 6.850

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

12May

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

INTERNATIONAL COMMODITY NEWS

Gold prices edged up in U.S. trading on Friday as Ukraine inched closer to civil war, which bolstered the yellow metal’s safe-haven appeal. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,287.80 a troy ounce during U.S. trading, up 0.01%, up from a session low of $1,285.60 and off a high of $1,294.50. The June contract settled down 0.09% at $1,287.70 on Thursday.

Silver comex for July delivery was down 0.14% at $19.112 a troy ounce, while copper futures for July delivery were up 0.76% at $3.086 a pound.

Crude futures edged lower on Friday as investors sold the commodity for profits after locking in gains on Ukraine tensions and jumped to the sidelines to await fresh news to steer prices higher or lower. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.90 a barrel during U.S. trading, down 0.36%. New York-traded oil futures hit a session low of $99.87 a barrel and a high of $101.15 a barrel. The June contract settled down 0.51% at $100.26 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for June delivery were down 0.29% and trading at US$107.82 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.92 a barrel.

Natural gas prices fell on Friday as investors avoided the commodity after data release earlier this week revealed that stockpiles rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.517 per million British thermal units during U.S. trading, down 1.21%. The commodity hit session high of $4.598 and a low of $4.514. The June contract settled down 3.54% on Thursday to end at $4.572 per million British thermal units.

Base metals prices were mostly lower in Friday’s premarket, weighed down by weak Chinese data. The copper price edged $2 lower from Thursday’s close to $6,727 per tonne, ignoring a drop in inventories to their lowest since October 2008. Stocks fell a net 4,700 tones to just 208,325 tonnes due to drawdowns in Antwerp, Johor and New Orleans. Cancelled warrants were also lower, down 4,775 tonnes at 94,050 tonnes.The nickel price surged ahead, peaking at its highest since February 2012 at $20,500 before settling back at $20,070, still up $670 on the Goro shutdown news. Aluminium at $1,763 was $2 lower, with stocks down 8,600 tonnes at 5,313,300 tonnes and cancellations down 2,925 tonnes at 2,904,850 tonnes. The tin price declined $70 to $23,130 although stocks fell 200 tonnes to 9,505 tonnes. The lead price was unchanged at $2,095, with no change in stocks, and zinc ticked $1 lower to $2,032 – stocks and cancelled warrants were both down 1,325 tonnes at 761,175 tonnes and 127,050 tonnes respectively.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 100.05. If it breaks the level of 99.87, it can touch the level of 99.37 & 98.69 respectively. If it sustain above the level of 100.47, it can touch the level of 100.97, 101.70 respectively.

•SELL WTICRUDEOIL-NYMEX BELOW 99.87 TGTS 99.37, 98.69 SL 100.52.
•BUY WTICRUDEOIL-NYMEX ABOVE 100.47 TGTS 100.97, 101.70 SL 99.82.

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

12May
forex-trading3

IForex Market Trading Signals and News of 12th May 2014

TRADING TIPS

EUR/USD
EUR/USD was down 0.52% at 1.3768, up from a session low of 1.3755 and off a high of 1.3844.The pair was likely to find support at 1.3673, the low from April 4, and resistance at 1.3994, Thursday’s high.The European Central Bank this week left interest rates unchanged at 0.25%, though the euro dropped after ECB President Mario Draghi said the bank’s governing council is comfortable with acting at its next meeting after the bank publishes fresh inflation and growth forecasts.Draghi attributed weak inflation rates to food and energy prices, but added that the strong euro and weak domestic demand are also pushing down inflation.He reiterated that the ECB does not have a target for the euro exchange rate but stressed that the bank would closely monitor exchange-rate developments..

EUR/GBP
EUR/GBP was down 0.08% at 0.8168, up from a session low of 0.8163 and off a high of 0.8183.The pair was likely to find support at 0.8158, the low from Feb. 17, and resistance at 0.8248, Thursday’s high.The European Central Bank this week left interest rates unchanged at 0.25%, though the euro dropped after ECB President Mario Draghi said the bank’s governing council is comfortable with acting at its next meeting after the bank publishes fresh inflation and growth forecasts.Draghi attributed weak inflation rates to food and energy prices, but added that the strong euro and weak domestic demand are also pushing down inflation.He reiterated that the ECB does not have a target for the euro exchange rate but stressed that the bank would closely monitor exchange-rate developments.

RECOMMENDATION:
1. Buy GBP/USD Above 1.6960- TG: 1.6980/ 1.7010 SL 1.6930
2. Sell GBP/USD Below 1.6930- TG: 1.6910/ 1.6880 SL 1.6960

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

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