12Jun

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

INTERNATIONAL COMMODITY NEWS :

Gold prices rose slightly in Asia on Thursday, keeping a handle on events in Iraq after Islamist rebels seized control of two cities in strife that threatens efforts to rebuild the country’s oil industry. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,261.40 a troy ounce, up 0.02%, after hitting an overnight session low of $1,258.00 and off a high of $1,265.30.

Silver for July delivery rose 0.17% at $19.205 a troy ounce. Copper futures for July delivery rose 0.605 at $3.038 a pound.

Crude oil prices held flat in Asia on Thursday with the market focused on strife in Iraq. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $104.38 a barrel, down 0.02%, after hitting an overnight session low of $104.04 a barrel and a high of $105.05 a barrel.

• The Brent oil contract rose 0.4% to $109.95 a barrel on the ICE Futures Europe exchange on Wednesday.

Natural gas futures rose on Wednesday after updated weather-forecasting models called for high pressure to edge out a storm system and bring warmer temperatures to the eastern half of the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.542 per million British thermal units during U.S. trading, up 0.25%. The commodity hit a session high of $4.572 and a low of $4.519. The July contract settled down 2.48% on Tuesday to end at $4.530 per million British thermal units.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0355. If it breaks the level of 3.0361, it can touch the level of 3.0261 & 3.0105 respectively. If it sustain above the level of 3.0599, it can touch the level of 3.0699, 3.0755 respectively.

  • SELL COPPER-COMEX BELOW 3.0361 TGTS 3.0261, 3.0105 SL 3.0466.
  • BUY COPPER-COMEX ABOVE 3.0599 TGTS 3.0699, 3.0755 SL 3.0494.

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

12Jun
Forex Signals

IForex Market Trading Signals and News of 12th June 2014

TRADING TIPS :

  • Forex – U.S. dollar drifts to 1-week lows against Canadian dollar
  • Forex – Broadly weaker euro remains under pressure
  • Dollar slips lower vs. rivals, but U.S. bond yields still support

USD/CAD
USD/CAD touched session lows of 1.0870 and was last trading at 1.0873, 0.27% lower for the day. The pair was likely to find support at 1.0845 and resistance at 1.0940, Monday’s high. Market participants were looking ahead to Thursday’s U.S. retail sales report for further indications on the strength of the economic recovery. The U.S. was also to release data on initial jobless claims.

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.

USD/CAD
USD/CAD touched session lows of 1.0891 and was last trading at 1.0906, unchanged for the day. The pair was likely to find support at 1.0845 and resistance at 1.0946, Friday’s high. Demand for the greenback continued to be underpinned by higher U.S. Treasury yields. The yield on the U.S. 10- year treasury note rose to 2.63% on Tuesday, its highest in a month.

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.

12Jun
SGX2

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

MARKET UPDATES :

  • SINGAPORE’S economic forecasters have lowered their 2014 inflation projections from a quarter ago even as they kept growth forecasts intact, a recent survey by the Monetary Authority of Singapore found. The median inflation forecast of the 23 economy watchers who responded to the central bank’s poll in late May fell to 2.2 per cent, from 2.8 per cent in the March edition of the survey.
  • SINGAPORE Telecommunications (SingTel)’s wholly- owned unit, Amobee, on Wednesday morning said it will be acquiring cross-channel digital advertising group Adconion and data analytics firm Kontera for over US$350 million, to build a one-stop digital advertising platform.
  • CONSTRUCTION group and property developer Tiong Seng on Wednesday signed a joint-venture (JV) agreement with two listed Japanese companies to manufacture and supply precast tunnel segments to the Singapore and Malaysia markets.

STOCK RECOMMENDATION :

  • BUY ORIENTAL CHINESE BANKING ABOVE 9.800 TG 9.900, 10.000, 10.120 SL 9.700

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

11Jun

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

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Wednesday with fresh cues sought for the yellow metal. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,259.60 a troy ounce, down 0.04%, after hitting an overnight session low of $1,250.40 and off a high of $1,263.70.

Silver for July delivery was up 0.10% at $19.188 a troy ounce. Copper futures for July delivery fell 0.07% at $3.055 a pound.

Crude oil prices fell in Asia Wednesday as industry data on U.S. crude stocks failed to lift sentiment. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in July traded at $104.32 a barrel, down 0.03%, after hitting an overnight session low of $104.04 a barrel and a high of $105.05 a barrel.

• Brent oil on the ICE futures exchange fell 0.4% to $109.52 a barrel.

Natural gas futures moved lower on Tuesday after updated weather forecasting models predicted that a storm system trekking across the central and eastern U.S. will bring damp and cooler temperatures that should cut into demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.577 per million British thermal units during U.S. trading, down 1.47%. The commodity hit a session high of $4.663 and a low of $4.564. The July contract settled down 1.38% on Monday to end at $4.645 per million British thermal units.

• The copper price, initially stable on Tuesday, slipped away to fresh one-month lows during the LME pre-market session on dull sentiment, pulling the rest of the metals lower in their wake. The copper price touched a low of $6,628 and then settled at $6,648 per tonne , a $22 fall from the previous close. In inventory data, stocks fell a net 425 tonnes to 166,825 tonnes, the lowest since late-August 2008. The aluminium price, which broke above $1,900 to $1,918 yesterday, its best since August 2013, was less decisive this morning- it dropped back to $1,895, a $16 loss. Stocks were down 6,450 tonnes at 5,146,525 tonnes, the lowest for 13 months. Zinc stepped back from 16-month peak set late yesterday at $2,145 to trade at $2,120, an $11 decline – inventories fell, however. They declined 2,475 tonnes to 695,750 tonnes, the lowest since December 2010. Lead business at $2,128 was $13 lower – stocks held at 190,775 tonnes. The nickel price eased to $18,677 from $18,905, with stocks rising 1,914 tonnes to 286,626 tonnes, just 48 tonnes below the late-March all-time high. Tin business at $23,050 was $240 lower – stocks fell 25 tonnes to 10,770 tonnes.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.538. If it breaks the level of 4.518, it can touch the level of 4.468 & 4.396 respectively. If it sustain above the level of 4.636, it can touch the level of 4.686, 4.758 respectively.

  • SELL NATURALGAS-NYMEX BELOW 4.518 TGTS 4.468, 4.396 SL 4.573.
  • BUY NATURALGAS-NYMEX ABOVE 4.636 TGTS 4.686, 4.758 SL 4.581.

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

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.

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