5Jul

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were at a one-week high on Wednesday as the U.S. dollar weakened. Comex gold futures for August delivery increased 0.36% to $1,258.00 a troy ounce as of 9:55 AM ET (13:55 GMT). Trading volumes are expected to remain thin throughout the day, as U.S. investors celebrate Independence Day. Gold was bolstered by a weaker U.S. dollar. Gold normally rises as the dollar falls, as the precious metal is denominated in the U.S. currency and is sensitive to moves in the dollar.
  • Oil prices registered mixed signs in holiday-thinned trading on Wednesday as market participants kept an on eye on U.S. crude stockpiles. New York-traded West Texas Intermediate crude futures lost 12 cents, or about 0.2%, to $74.02 a barrel by 10:27AM ET (14:27GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded up 5 cents or 0.1%, to $77.82. The decline in oil prices occurred despite data released late Tuesday that showed a decline in U.S. oil inventories.
  • A senior Iranian Revolutionary Guards commander said on Wednesday that the Guards were ready to implement a policy preventing regional oil exports if Iranian oil sales were banned by the United States. President Hassan Rouhani appeared on Tuesday to threaten to disrupt oil shipments from neighboring countries if Washington presses ahead with its goal of forcing all countries to stop buying Iranian oil.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday. A person with knowledge of the plan earlier told Reuters China’s threatened tariffs on $34 billion of U.S. goods would take effect from the beginning of the day on Friday. Given the 12-hour time difference, that would have put its implementation ahead of Washington’s.
  • Fast-growing “superstar” tech firms are taking a growing share of national income in many countries, leaving workers’ overall wage growth subdued, the Organization for Economic Cooperation and Development said on Wednesday. Though unemployment in most OECD countries has returned to pre-crisis levels, wage growth has not, even though many labor markets have become the tightest they have ever been, the Paris-based policy forum said in its annual Employment Outlook.
  • China is comfortable with a weakening yuan, intervening only to prevent any rapid and destabilizing declines or to restore market confidence, as the economy loses momentum and faces further risks from a heated trade dispute with the United States, policy insiders said. On Tuesday, as stocks sank and the yuan fell through a key psychological level of 6.7 on the dollar, traders said state-owned banks, which sometimes act on behalf of the central bank, made efforts to prop up the currency. GOLD TRADING FORECAST TODAY
2Jul

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices traded higher Friday on a weaker dollar, but remained on track to post their biggest monthly slump since September after suffering heavy losses this month. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose by $4.90 or 0.39%, to $1,255.90 a troy ounce.
  • Oil prices added to strong weekly gains on Friday as market participants placed bets that supply concerns would outweigh an attempt by producers to increase production. New York-traded West Texas Intermediate crude futures gained 77 cents, or about 1.1%, to $74.22 a barrel by 10:55AM ET (14:55GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded up $1.42, or 1.8%, to $79.03.
  • Oil prices slid on Friday, with concerns about escalating trade tension between the U.S. and its major trade partners being cited as catalyst for the selling. Crude Oil WTI Futures for August delivery were trading at $73.17 a barrel at 1:20AM ET (05:20 GMT), down 0.40%. Brent Oil Futures for September delivery, traded in London, were also down 0.2% at $77.45 per barrel. Meanwhile, Shanghai Crude Oil WTI Futures for September delivery climbed 0.6% at 494.80 yuan per barrel on Friday.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Mexican assets are poised to strengthen even if leftist front-runner Andres Manuel Lopez Obrador wins Sunday’s presidential election, analysts say, on expectations he will govern from the center and as the uncertainty stemming from the race fades. Lopez Obrador, a former Mexico City mayor, holds a roughly 20-point lead over his nearest rival ahead of the July 1 vote, according to the latest polls, putting him on track to become the first leftist Mexican president since the 1930s.
  • The U.S. Commerce Department said on Friday it has begun a review of export controls that will be aligned with new legislation to strengthen national security reviews of foreign acquisitions of American firms, rather than China-specific curbs. In a statement to Reuters, the department said the review would establish changes to the controls “based on risks associated with particular technologies, destinations and end-uses among other relevant factors.”
  • Ahead of Brazil’s wildly unpredictable elections, one of the wealthiest and most powerful men in the country is expanding yet further the frontiers of his media and religious empire. “Nothing to Lose,” the rags-to-riches biopic of billionaire evangelical bishop Edir Macedo, debuted on Netflix (NASDAQ:NFLX) Friday just months after its cinema release drew millions of Brazilians to the Universal Church’s latest marketing tool. It was the most successful film in the history of Brazilian cinema, according to TV Record, the television station controlled by Macedo

GOLD TRADING FORECAST TODAY

28Jun

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were lower on Wednesday as the dollar strengthened and trade tensions eased. Comex gold futures for August delivery fell 0.20% to $1,257.40 a troy ounce as of 10:45 AM ET (14:45 GMT). Trade war worry eased after news that the White House administration is taking a less harsh approach to foreign investment restrictions.
  • U.S. crude stocks fell by nearly 10 million barrels last week as refineries hiked output, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 9.9 million barrels in the last week, compared with analysts’ expectations for a decrease of 2.6 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.7 million barrels, EIA said. Refinery crude runs rose by 115,000 barrels per day, EIA data showed.
  • At least some buyers of Iranian supplies in the world’s biggest oil market are considering acquiescing to U.S. President Donald Trump’s demands. As the American administration piles pressure on its allies to entirely halt purchases of Iranian supplies, Japan’s Fuji Oil Co. and Taiwan’s Formosa Petrochemical Corp. are considering ending imports from the OPEC member — though they are yet to make a final decision. South Korea has already put some imports on hold while Emirates National Oil Co.

ECONOMY NEWS

  • President Donald Trump announced the details of a plan to crack down on Chinese investment in US technology companies, but the final results were weaker than expected. After fears that Trump would introduce harsh measures to curb Chinese investment in US-based technology companies, the US president decided to use less stringent methods to curb the practice, including the expanded use of the Committee on Foreign Investment in the United States, or CFIUS.
  • A government think-tank report that appeared briefly online said that China should be wary of any financial panic stemming from uncertainties, such as bond defaults, tight liquidity and trade frictions with the United States. The comments were made in a report by the National Institution for Finance & Development (NIFD) that Bloomberg said was leaked briefly on the Internet on Monday and was removed. Reuters also saw the report, which was not available on the think-tank’s website on Wednesday.
  • The White House opted to take a less confrontational approach toward Chinese investments in the U.S. as it pushes Congress to strengthen an existing review process rather than invoke a little-used law reserved for economic emergencies. President Donald Trump wants Congress to pass legislation to bolster the Committee on Foreign Investment in the U.S., or CFIUS, so it can prevent companies from violating intellectual-property rights of American companies, two administration officials said Wednesday, speaking to reporters on the condition of anonymity.

 Gold Trading Forecast Today

 Gold Trading Forecast Today

 

26Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold Signal

                                                                                   Comex Gold Signal 

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices edged up on Monday as the dollar weakened, while trade concerns between the U.S. and China also supported the bullion. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained 0.2% to $1,273.60 a troy ounce by 11:30PM ET (03:30 GMT). The U.S. is considering to declare China’s investment in U.S. technologies companies a threat to economic and national security, according to reports on Monday that cited eight people familiar with the plans.
  • Oil prices registered mixed signs in volatile midmorning trade on Monday, as investors continued to weigh the impact from major producers’ decision last week to compensate losses in global output by increasing their production. New York-traded West Texas Intermediate crude futures gained 15 cents, or about 0.1%, to $68.66 a barrel by 10:44AM ET (14:44GMT), having traded in a range of $68.16-$69.41 throughout the day.
  • Natural gas futures started the week in negative territory on Monday, as updated forecasting models pointed to cooler temperatures covering most of the country over the next two weeks. That should dampen summer cooling demand for the fuel. Front-month U.S. natural gas futures slumped 4.0 cents, or around 1.3%, to $2.905 per million British thermal units (btu) by 10:15AM ET (1415GMT).

ECONOMY NEWS

  • A group of institutional investors holding roughly 13 percent of Venezuela’s foreign debt said on Monday it will not back any restructuring plan that does not imply equal treatment for all creditors. The government of President Nicolas Maduro has halted almost all foreign debt payments, leaving Venezuela, which has a debt load of around $60 billion in direct and subsidiary foreign bonds, in default.
  • Xi Jinping vowed to match Donald Trump blow for blow in any trade war. Now as one gets closer, some in Beijing are starting to openly wonder whether China is ready for the fight — an unusually direct challenge to the leadership of the world’s second-largest economy. The sentiments are being expressed in carefully worded essays circulated on China’s heavily censored internet and — according to interviews in recent days with ministry officials and foreign diplomats who asked not to be identified — repeated in the halls of government offices, too.
  • Any company and industry that brings jobs to Britain is entitled to be listened to, business minister Greg Clark said on Monday after aircraft manufacturer Airbus was criticized for warning the government over Brexit. “Any company and any industry that supports the livelihoods of so many in this country is entitled to be listened to with respect,” Clark told parliament.

Comex Gold Signal

Comex Gold Signal

22Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold Signal

                                                                                       Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices remained at six-month lows on Thursday, as trade tensions between the U.S. and China resurfaced. Comex gold futures for August delivery were down 0.46% to $1,268.60 a troy ounce as of 10:57 AM ET (14:57 GMT). Tensions between the U.S. and China continue, as the two largest economies in the world faced a tit-for-tat over trade tariffs. Earlier this week U.S. President Donald Trump threatened to impose tariffs on another $200 billion of Chinese goods.
  • OPEC appears to be edging toward raising crude oil output at its policy meeting on Friday, but the oil options market shows traders and investors are not betting heavily on that scenario. With just one day to go until the group holds its policy meeting, the derivatives market shows participants buying significant volumes of protection — prepared for fireworks.
  • Natural gas futures stayed higher on Thursday, but came off the best levels of the session after data showed that supplies in storage rose more than forecast last week. Front-month U.S. natural gas futures inched up 1.5 cents, or around 0.5%, to $2.979 per million British thermal units (btu) by 10:36AM ET (1436GMT). Futures were at around $3.002 prior to the release of the supply data.

ECONOMY NEWS

  • Bank regulation has gone too far, yet supervisors may still be missing risk factors that could herald the next crisis, the outgoing Dutch member of the European Central Bank’s Supervisory Board said on Thursday. Banks have faced increasingly stringent rules since the global financial crisis and critics argue that excessive regulation could force financial companies to take on new types of risks that are not yet on the radar of supervisors.
  • The Bank of England bolstered expectations that at its next meeting it will raise rates for only the second time in a decade, after its chief economist unexpectedly joined the minority of policymakers voting for a hike on Thursday. The central bank also gave new guidance on when it might start to sell its 435 billion pounds ($574 billion) of British government bonds, saying this could come once rates have reached around 1.5 percent, compared with previous guidance of 2 percent.
  • The Bank of England said on Thursday it could start to sell the nearly half trillion pounds of assets it bought to boost the economy sooner than previously thought, though analysts said a reduction still looked years away. Like other central banks, the BoE amassed huge sums of government bonds bought with newly created money to spur economic growth after the financial crisis, but a decade later they are now working out how to unwind this stimulus.

Comex Gold signal

Comex Gold Signal

21Jun

Singapore stocks watch: STI resumes Thursday evening exchanging at 3,307.61, down 0.3% on day

SINGAPORE shares were brought down when exchanging continued on Thursday evening, with the Straits Times Index dropping 8.29 focuses, or 0.3 for every penny to 3,307.61 as at 1pm.

Washouts dwarfed gainers 161 to 121, after around 951.2 million offers worth S$449.5 million changed hands.

The most effectively exchanged counters by volume were Nico Steel Holdings, which was level at 0.2 Singapore penny with 192.2 million offers exchanged, and Noble Group, which rose 17 for every penny to 10.3 Singapore pennies, with 42 million offers exchanged.

Other dynamic list stocks included Venture Corp which fell 1.6 for each penny to S$17.91; and Wilmar International which lost 1.6 for every penny to S$3.07.

ExxonMobil wraps up world’s biggest gums plant in Singapore

The undertaking utilized in excess of 5,500 contract laborers at the pinnacle of development.

ExxonMobil began the creation of hydrogenated hydrocarbon sap and halobutyl elastic at the two new plants of its multi-billion dollar incorporated assembling complex in Singapore. It is the organization’s biggest coordinated refining and petrochemical complex on the planet.

As indicated by a declaration, ExxonMobil’s new EscorezTM hydrogenated hydrocarbon gums plant will be the world’s biggest with a limit of 90,000 tons for each year and will take care of long haul demand development for hot-dissolve cements utilized as a part of bundling or infant diapers.

The new 140,000-tons-per-year butyl plant will likewise create premium halobutyl elastic utilized by producers for tires that better keep up expansion to enhance mileage, the organization said.

The task utilized in excess of 5,500 contract specialists at the pinnacle of development. The plants add 140 employments to ExxonMobil’s current workforce of more than 2,500 at its Singapore fabricating complex. ExxonMobil has in excess of 4,000 workers in Singapore.

20Jun

GOLD TRADING FORECAST TODAY

Gold Trading Forecast Today

                                                                             Gold Trading Forecast Today

Gold Trading forecast Today

Gold Trading Forecast Today

INTERNATIONAL COMEX NEWS

  • Gold prices were modestly lower on Tuesday, pressured lower by a rising U.S. dollar while trade tensions lingered. Comex gold futures for August delivery were down 0.23% to $1,277.20 a troy ounce as of 10:08 AM ET (14:08 GMT). Trade tensions between China and the U.S. continued, as the two largest economies in the world faced a tit-for-tat over global trade tariffs.
  • Global oil prices look poised to rise in the medium term, but since the United States produces more oil than it once did and businesses are more judicious in their fuel use, a jump in oil prices would not hurt the country’s economic growth much, a U.S. central banker predicted on Tuesday. It is the view of Dallas Fed economists that the negative impact of higher oil prices on GDP growth is likely to be more muted than in the past,” Dallas Federal Reserve Bank President Robert Kaplan said in an essay on the economic impact of energy markets.
  • Oil prices saw mixed signs in midmorning trade on Tuesday as disagreements among major producers over output curbs continued ahead of a key meeting in Vienna on Thursday and Friday. New York-traded West Texas Intermediate crude futures fell 72 cents, or about 1.1%, to $64.97 a barrel by 10:22AM ET (14:22GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded down 15 cents, or 0.2%, to $75.19.

ECONOMY NEWS

  • China should cut banks’ reserve requirement ratios (RRR) to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move as its governor urged investors to remain calm. Fears of a full-blown trade war with Washington have magnified concerns about the outlook for the world’s secondlargest economy, following weaker-than-expected growth data for May and as a regulatory crackdown in its third year starts to weigh on business activity.
  •  The European Central Bank could ditch a plan to impose new rules on all euro zone banks under its watch to reduce their bad loans, and could instead move toward a “case-by-case approach”, the head of its supervisory body said on Tuesday. Plans by the ECB’s Single Supervisory Mechanism (SSM) to force banks to set aside cash within a given timeframe against the large pile of soured credit they hold has met resistance from bankers, lawmakers and even within the central bank.
  • Russia will impose import tariffs on certain goods from the United States in response to duties imposed by Washington on steel and aluminum imports, Economy Minister Maxim Oreshkin said on Tuesday. The tariffs will target goods that have domestic equivalents in Russia, and the move will not affect Russian macroeconomic performance, Oreshkin said.Gold Trading forecast Today
19Jun

Seen as potential takeover focus with undiscovered GFA, AA REIT gets a ‘BUYCALL’ from DBS

DBS Group Research likes AIMS AMP Capital Industrial REIT (AA REIT) for its enhanced and sought after portfolio, better than expected yields and takeover plausibility.

In a Tuesday report, lead examiner Carmen Tay says AA REIT is interesting for its 600,000 sf of undiscovered gross floor zone (GFA), which is one of the most elevated among peers. Given the prime area of chose properties, Tay trusts the director can conceivably redevelop these locales into future-confirmation resources like server farms.

“We evaluate the opening of unutilised GFA could lift its expert forma FY18 income and NAV by 15.8% and 7.9%, separately,” says Tay.

With combinations among mechanical REITs in center, Tay additionally trusts AA REIT could be a potential takeover target given its divided shareholding structure and access to undiscovered GFA inside the portfolio.

Moreover, AA REIT offers speculators a higher level of salary conviction in front of the area’s foreseen recuperation in 2020 with alluring profit yields of 7.4%-7.6% p.a. over FY19F-21F, bolstered by ace leases with worked in rental accelerations.

Counting undiscovered GFA, AA REIT’s inferred yield (NPI/EV) of 6.4% would put them at the upper end of its associate scope of 5.1%-6.6%, includes Tay.

“Start with ‘purchase’ and DCF-based target cost of $1.55, in light of WACC of 6.6% and terminal development rate of 1.5%. The redevelopment of AA REIT’s underutilized locales could raise its reasonable incentive to $1.65,” says Tay.

As at 2.17pm, units in AA REIT are exchanging at $1.38 giving it a yield of 7.5% in view of FY19F DPU of 10.3 pennies.

18Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold signal

                                                                                      Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices continued to languish at year-to-date lows despite the dollar turning negative and rising geopolitical tensions amid growing fears of a U.S.-China trade war. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $27.60 or 2.11%, to $1,280.70 a troy ounce. Gold fell as the dollar posted a fresh 2018 high before profit taking sparked a reversal pressuring the greenback lower.
  • WTI crude oil prices settled lower as data pointing to an ongoing expansion in U.S. output and fears that Saudi Arabia and Russia were set to hike production weighed on sentiment. On the New York Mercantile Exchange crude futures for July delivery fell 2.74% to settle at $65.06 a barrel, while on London’s Intercontinental Exchange, Brent fell 3.41% to trade at $73.35 a barrel.
  • A plan requested by U.S. President Donald Trump to prevent struggling nuclear and coal power plants from shutting is still being “fleshed out” by the U.S. Department of Energy (DOE) and the White House, Energy Secretary Rick Perry said on Friday. Trump on June 1 directed Perry to take emergency steps to keep nuclear and coal plants running, in what would amount to an unprecedented intervention in U.S. power markets that has drawn backlash from environmentalists as well as oil, gas and renewable energy companies.

ECONOMY NEWS

  • Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday. The poll also found a majority of Americans and Canadians are united in support of Trudeau and opposition to Trump in their countries’ stand-off over the renegotiation of the 1994 North American Free Trade Agreement (NAFTA).
  • U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than 800 strategically important imports from China that would be subject to a 25 percent tariff starting on July 6, including cars, the latest hardline stance on trade by a U.S. president who has already been wrangling with allies.
  • Colombia has formally requested permission to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Mexico’s Economy Minister Ildefonso Guajardo said on Friday. Guajardo was speaking at a news conference alongside Colombia’s Foreign Minister Maria Angela Holguin and Mexican Foreign Minister Luis Videgaray in Mexico City.

Comex Gold Signal

Comex Gold Signal

14Jun

Stocks to watch: Keppel, Tritech, China Everbright Water, Envictus International

Stocks to watch :The accompanying stocks made declarations after the market shut on Wednesday (June 13), which could influence the exchanging of their offers.

Keppel Offshore and Marine: Keppel Offshore and Marine has conveyed a second lift boring apparatus to Borr Drilling. Conveyance of the lift named Skald came a large portion of multi year after that of Borr Drilling’s apparatus, Saga. Skald and Saga are initial two of five Super B Class jack-ups Transocean has authorized to Keppel Fels for development at U$1.1 billion. Borr Drilling assumed control over the apparatus development contracts from Transocean in 2013 out of an exchange that esteemed each raise at U$216 million, not very a long way from the first cost of U$219 million.

Tritech Group: Tritech Group auxiliary Tritech Engineering and Testing (Singapore) has been granted a $4.6 million decrease by Changi Airport Group for the arrangement of soil examination administrations at Changi Airport Terminal 5, the gathering said in an administrative documenting on Wednesday night. The initiation date for administrations is June 18, with finish on April 17, 2020.

China Everbright Water: China Everbright Water has consented to an arrangement to procure building configuration firm Xuzhou Municipal Engineering Design Institute in China’s Jiangsu region, for a money thought of 82 million yuan ($17.10 million). China Everbright Water official chief and CEO A Xuesong said the organization will supplement the organization’s abilities in metropolitan building outline. “Moreover, by having its own metropolitan outline foundation, the organization will upgrade the proficiency of its building configuration works while lessening the important costs,” said Mr An. “With this new stage, the organization will likewise have the capacity to attempt configuration ventures identifying with water administrations to make another wellspring of benefit development.” The establishment is the main national review A civil plan foundation in the Huaihai financial zone.

Envictus International: Food and refreshment bunch Envictus International’s backup PT Quick Service Restaurant has entered a concurrence with United State-based franchiser Cajun Global to create 80 Texas Chicken establishments only for domains in West Java, Jakarta, Banten, Lampung, South Sumatra and Bengkulu in Indonesia for a long time through 2027.

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