25Jun
Forex trading

IForex Market Trading Signals and News of 25 June 2014

TRADING TIPS :

  • Forex – Pound lower after dovish Carney comments
  • Forex – Euro edges higher, gains checked after German Ifo
  • Forex – AUD/USD slips but remains near 2-1/2 month high

GBP/USD
GBP/USD touched session lows of 1.6974 and was last down 0.21% to 1.6993.The pair was trading at around 1.702 before the speech. Cable was likely to find support at 1.6940 and resistance at 1.7030, the session high. The drop in the pound came after BoE Governor Mark Carney said that wage growth has been lower than expected

EUR/USD
EUR/USD edged up 0.13% to 1.3620, up from session lows of 1.3598. The pair was likely to find support at 1.3540 and resistance at 1.3630. The single currency shrugged off a report showing that the German Ifo business climate index fell to a six-month low of 109.7 this month from 110.4 in May and compared to estimates of 110.3.

AUD/USD
AUD/USD hit 0.9418 during late Asian trade, the session low; the pair subsequently consolidated at 0.9409, slipping 0.16%. The pair was likely to find support at 0.9375, the low of June 22 and resistance at 0.9461. A report on Monday showed that China’s HSBC manufacturing PMI came in at 50.8 in June.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7030- TG: 1.7060/ 1.7090 SL 1.7005
2. Sell GBP/USD Below 1.6970- TG: 1.6940/ 1.6910 SL 1.6995

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

25Jun
sgx-asx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 June 2014

MARKET UPDATES :

  • The Minister for Finance has appointed Gerard Ee, President of the Institute of Singapore Chartered Accountants, as a member of the Singapore Accountancy Commission (SAC) Board. The former chairman of the Public Transport Council will serve from June 20, 2014 to March 31, 2015.
  • ARMARDA Group Limited assured the market on Tuesday that it can continue as a going concern. The assurance comes in the wake of an emphasis of matter issued by its independent auditor, Crowe Horwath First Trust LLP, for the fiscal year ended March 31, 2014.
  • MANY brands still rely heavily on traditional media platforms for marketing and branding, a new study revealed on Tuesday. According to Haymarket Media’s Campaign Asia-Pacific and Nielsen, penetration of television and print advertising platforms remains high, at more than 70 per cent.
  • YOMA Strategic Holdings on Tuesday said it has received a written notice from Myanmar’s Serge Pun & Associates offering the right to acquire the economic benefit of 70 per cent of the land in Pun.

STOCK RECOMMENDATION :

  • BUY KEPPAL CORORATION ABOVE 10.750 TG 10.900,11.000 SL 10.630

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

 

24Jun

Comex Commodity Trading Signals and Market News –24 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped Tuesday in Asia on profit taking with a mix of geopolitical uncertainty over Iraq and continued easy policy offering support triggers. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,315.60 a troy ounce, down 0.21%, after hitting an overnight session low of $1,310.60 and off a high of $1,310.20.

Silver for September delivery was down 0.26% at $20.910 a troy ounce. Copper futures for September delivery were up 0.21% at $3.147 a pound.

Crude oil prices dipped slightly in early Asia on Tuesday with the focus on Iraq where attempts to find a political solution are in progress, though skepticism is deep that the country cannot avoid falling further further into civil and sectarian strife. The market is also awaiting data from industry body the American Petroleum Institue later in the day on U.S. crude stocks, which it said dipped last week by 5.7 million barrels. On the New York Mercantile Exchange, West Texas Intermediate crude crude oil for delivery in August traded at $106.03 a barrel, down 0.05%, after hitting an overnight session low of $105.93 a barrel and a high of $107.37 a barrel.

Brent oil on the ICE futures exchange fell 0.6% to $114.12 a barrel.

Natural gas futures fell on Monday after updated weather-forecasting models called for a break in a U.S. heat wave, which should curb demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.477 per million British thermal units during U.S. trading, down 1.66%. The commodity hit a session high of $4.592 and a low of $4.475. The August contract settled down 1.11% on Friday to end at $4.552 per million British thermal units.

Base metals were broadly lower after Monday’s upside aided by a upside surprise from the Chinese PMI, but sentiments were considerably muted Tuesday as last night’s European data pressured risk appetite. Copper touched the $6,900 per tonne level, its best since June 3, then settled at $6,885 on Monday but today’s prices have since come down $30 at the current $6,855. Warehouse stocks dropped a net 850 tonnes to 158,575 tonnes, a fresh low since August 2008. Zinc at $2,171 is some $13 lower overnight after having peaked at $2,198 on Monday. Stocks fell 2,950 tonnes to 673,325 tonnes, the lowest since December 2010. Aluminium lost $13 as well to last done at $1,877 while inventories were down 6,850 tonnes at 5,077,275 tonnes, the lowest since December 2012. Lead at $2,168 is $11 lower after climbing almost two percent yesterday. Nickel at $18,351 is down $74 overnight, while tin is last at $22,441, sliding $184 from Monday’s close.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.435. If it breaks the level of 4.419, it can touch the level of 4.370 & 4.300 respectively. If it sustain above the level of 4.573, it can touch the level of 4.622, 4.692 respectively.

  • SELL NATURALGAS-NUMEX BELOW 4.419 TGTS 4.370, 4.300 SL 4.471.
  • BUY NATURALGAS-NUMEX ABOVE 4.573 TGTS 4.622, 4.692 SL 4.522.

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

24Jun
forex-trading3

IForex Market Trading Signals and News of 24 June 2014

TRADING TIPS :

  • Forex – Pound steady close to 5-1/2 year highs against dollar
  • Forex – NZD/USD climbs to more than 1-month highs
  • Forex – USD/CAD falls to fresh 5-1/2 month lows

GBP/USD
GBP/USD was little changed at 1.7016, not far from the highs of 1.7034 reached last Thursday, the most since August 2009.Cable was likely to find support at 1.6950 and resistance at 1.7075. Demand for sterling continued to be underpinned by expectations that the deepening economic recovery in the U.K

NZD/USD
NZD/USD hit 0.8749 during late Asian trade, the pair’s highest since May 6; the pair subsequently consolidated at 0.8739, climbing 0.49%.The pair was likely to find support at 0.8655, the low of June 18 and resistance at 0.8780, the high of May 6.

USD/CAD
USD/CAD touched lows of 1.0717, the weakest since January 7 and was last down 0.21% to 1.0735. The pair is likely to find support at 1.0600 and resistance at 1.0825, Friday’s high. The Canadian dollar strengthened after Statistics Canada reported Friday that the annual rate of inflation rose to 2.3% in May,

RECOMMENDATION :

1. Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7110 SL 1.7020
2. Sell GBP/USD Below 1.7000- TG: 1.6970/ 1.6940 SL 1.7030

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

24Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 24 June 2014

MARKET UPDATES :

  • OFFSHORE marine player NAM Cheong on Monday said it has sold two accommodation work barges worth about US$84 million (S$105 million) to repeat customer Perdana Petroleum Berhad.
  • CONSUMER price inflation in Singapore picked up a little more than expected to 2.7 per cent in May. The median forecast of 21 economists polled by Bloomberg before the Department of Statistics released the data on Monday was for a 2.6 per cent year-on-year rise in the consumer price index (CPI).
  • The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in joint comments that the rise was “due to base effects associated with the fluctuations in COE premiums”
  • Singapore real estate company Frasers Centrepoint Ltd (FCL), backed by Thai billionaire Charoen Sirivadhanabhakdi, plans to raise S$365 million (US$292 million) by listing its hospitality real estate investment trust (Reit) in Singapore, IFR reported.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 44.000 TG 44.300, 44.700, 45.200 SL 43.700

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

23Jun

Comex Commodity Trading Signals and Market News –23 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures held onto the week’s gains on Friday, buoyed by dovish language out of the Federal Reserve as well as concerns the U.S. may get dragged deeper into the Iraqi insurgency and risk slowing economic recovery. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,316.10 a troy ounce during U.S. trading, up 0.15%, up from a session low of $1,307.20 and off a high of $1,322.40. The August contract settled up 3.25% at $1,314.10 on Thursday.

Silver for July delivery was up 1.36% at $20.928 a troy ounce, while copper futures for July delivery were up 1.42% at $3.122 a pound.

Crude futures rose on Friday as a bloody Iraq insurgency continued to stoke fears shipments from the oil-rich country will be affected, while the U.S. said it was sending military advisors to the troubled country in an effort to end the violence. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $106.75 a barrel during U.S. trading, up 0.66%. New York- traded oil futures hit a session low of $105.82 a barrel and a high of $106.77 a barrel. The August contract settled up 0.44% at $106.05 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for August delivery were down 0.40% and trading at US$114.60 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.85 a barrel.

Natural gas futures carried Thursday’s data-driven losses into Friday as investors priced in a bearish supply report into trading, while weather forecasts calling for a break in a heat wave also pushed down prices. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.536 per million British thermal units during U.S. trading, down 1.06%. The commodity hit a session high of $4.614 and a low of $4.520. The July contract settled down 1.61% on Wednesday to end at $4.584per million British thermal units.

Base metals were steady in Friday’s LME premarket but taking support from a softer dollar, which has been trending lower since the FOMC meeting earlier this week, with the US central bank’s tone more dovish than expected. In the metals, copper jumped to a two- week high of $6,794 before settling at $6,778 per tonne, still up $53 on Thursday’s close. Meanwhile, volumes have improved after a slow week, with some 7,500 lots changing hands so far. Aluminium was $1 higher at $1,890 – stocks fell 7,925 tonnes to 5,084,125 tonnes but cancellations jumped 64,175 tonnes due to fresh cancellations in Vlissingen, Alabama and Detroit. Zinc at $2,168 was up $15. While stocks rose 1,900 tonnes to 676,275 tonnes, cancelled warrants increased 7,300 tonnes to 62,975 tonnes. Lead rose $14 to $2,143 – there was no change in stocks. Nickel at $18,573 increased $243 after stocks fell 42 tonnes to 305,310 tonnes and cancelled warrants climbed 1,404 tonnes to 113,070 tonnes. Tin was up $50 at $22,645; stocks fell 15 tonnes to 10,845 tonnes.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 107.05. If it sustain above the level of 107.40, it can touch the level of 107.90 & 108.60 respectively. If it breaks the level of 105.30, it can touch the level of 104.80, 104.10 respectively.

  • BUY WTICRUDEOIL-NUMEX ABOVE 107.40 TGTS 107.90, 108.60 SL 106.81.
  • SELL WTICRUDEOIL-NUMEX BELOW 105.30 TGTS 104.80, 104.10 SL 105.89.

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

23Jun
Forex Signals

IForex Market Trading Signals and News of 23 June 2014

TRADING TIPS :

  • Forex – GBP/USD falls as dollar brushes off dovish Fed statement
  • Forex – EUR/USD falls as dollar recovers from Federal Reserve statement
  • Forex – USD/CAD hits 5-1/2 month lows after Canadian data

GBP/USD
GBP/USD touched highs of 1.7026, the most since August 2009, and was last at 1.7017, up 0.15%. Cable was likely to find support at 1.6950 and resistance at 1.7040. The dollar weakened broadly after the Fed gave no indication of when interest rates could start to rise at the conclusion of its two-day meeting on Wednesday.

EUR/USD
In U.S. trading, EUR/USD was down 0.18% at 1.3584, up from a session low of 1.3564 and off a high of 1.3643. The pair was likely to find support at 1.3513, Monday’s low, and resistance at 1.3643, Thursday’s high. The Federal Reserve on Wednesday left benchmark interest rates unchanged at 0.00-0.25% and cut its monthly bond-buying program to $35 billion from $45 billion in widely expected move.

USD/CAD
USD/CAD hit 1.0767 during European afternoon trade, the pair’s lowest since January 8; the pair subsequently consolidated at 1.0764, retreating 0.50%. The pair was likely to find support at 1.0659, the low of January 7 and resistance at 1.0826, the session high.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7060- TG: 1.7090/ 1.7120 SL 1.7030
2. Sell GBP/USD Below 1.6990- TG: 1.6960/ 1.6920 SL 1.7020

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

20Jun

Comex Commodity Trading Signals and Market News –20th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Friday as easy monetary policies globally and tension in the Middle East supported safe-haven demand. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,319.60 a troy ounce, up 0.42%, after hitting an overnight session low of $1,275.90 and off a high of $1,319.10.

Silver for July delivery rose 0.83% at $20.820 a troy ounce. Copper futures for July delivery were down 0.04% at $3.074 a pound.

Crude oil prices gained in Asia on Friday at a slow pace as investors monitor developments in Iraq for the potential of supply disruptions. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $106.09 a barrel, up 0.04%, after hitting an overnight session low of $105.12 a barrel and a high of $106.38 a barrel. The July contract expires on Friday. The more-actively traded August contract also rose 0.4% to settle at $106.05 a barrel.

Brent oil on the ICE futures exchange settled up 0.7% at $115.06 a barrel, a fresh nine-month high.

Natural gas futures fell on Thursday after data revealed that U.S. inventories rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.610 per million British thermal units during U.S. trading, down 1.06%. The commodity hit a session high of $4.700 and a low of $4.580. The July contract settled down 1.06% on Wednesday to end at $4.659 per million British thermal units.

Base metals were mostly trading in the positive on Friday Asian trade, as assurance by China’s Premier Li that the country will maintain medium to high growth gave traders confidence on metals demand. Copper rose to a high of $6,778 this morning, hitting a peak above Wednesday’s two-week high at $6,744 and currently trades $35 above yesterday’s close at $6,760 per tonne. Zinc prices jumped to their highest since February 2013, clearing the $2,150 level on technical buying. Business has continued its climb this morning, trading now at $2,165 and $15 higher than Thursday’s last. Meanwhile warehouse stocks fell again, with a 3,075-tonne decline taking the total to 674,375 tonnes, the lowest since mid-December 2012. Nickel, which saw some weakness in the last few days, rebounded with the rest of the complex as well. The metal gained $360 overnight to last bid at $18,650 against yesterday’s $18,290 per tonne. Stocks dropped 618 tonnes from what were all-time highs to 305,352 tonnes. Still, prices have fallen sharply from near-three-week highs of $19,275 hit on Wednesday. Aluminium was modestly higher at $1,892, gaining just $3 overnight with inventories falling 7,950 tonnes to 5,092,050 tonnes, another 19-month low. Lead at $2,165 gained $36 while Tin lost $19 to $22,576 per tonne.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1468.75. If it sustain above the level of 1470, it can touch the level of 1477 & 1488 respectively. If it breaks the level of 1449, it can touch the level of 1442, 1431 respectively.

  • BUY PLATINUM-COMEX ABOVE 1470 TGTS 1477, 1488 SL 1460.
  • SELL PLATINUM-COMEX BELOW 1449 TGTS 1442, 1431 SL 1459.

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

20Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 20th June 2014

MARKET UPDATES :

  • Singapore’s annual consumer inflation rate probably accelerated to a six-month high in May, a Reuters poll showed on Thursday, due partly to higher transport costs and a low base in a year earlier. The median forecast of 10 economists in a Reuters poll forecast the consumer price index (CPI) in May rose 2.6 per cent from a year earlier, matching a pace last seen in November and accelerating from a 2.5 per cent increase in April.
  • SINGAPORE Post Limited (SingPost) said on Thursday that it has won the 15th World Mail Award 2014 for e- commerce.The postal service provider, which has been in the limelight since China’s biggest e-commerce company, Alibaba, agreed to buy a 10 per cent stake in the company, said it beat rivals Deutsche Post and Cycleon to emerge winner in the e-commerce category for its low cost e-commerce delivery model.
  • ASIATRAVEL.COM Holdings Ltd reiterated on Thursday that the company is in “varying stages of discussions with several potential parties to explore different opportunities for strategic collaboration and/or mergers and acquisitions”.

STOCK RECOMMENDATION :

  • BUY NOBLE GROUP ABOVE 1.400 TG 1.430, 1.460, 1.500 SL 1.350

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

20Jun

IForex Market Trading Signals and News of 20th June 2014

TRADING TIPS :

  • Forex – Euro advances to more than 1-week high against dollar
  • Forex – Pound at 5-year highs vs. dollar
  • Forex – Broadly weaker dollar falls against Swiss franc

EUR/USD
EUR/USD was up 0.29% to 1.3632, the highest since June 9, from 1.3543 late Wednesday. The pair was likely to find support at 1.3550 and resistance at 1.3670. The dollar weakened broadly after the Fed gave no indication of when interest rates could start to rise at the conclusion of its two-day meeting on Wednesday.

GBP/USD
GBP/USD touched highs of 1.7026, the most since August 2009, and was last at 1.7017, up 0.15%. Cable was likely to find support at 1.6950 and resistance at 1.7040. The dollar weakened broadly after the Fed gave no indication of when interest rates could start to rise at the conclusion of its two-day meeting on Wednesday.

USD/CHF
USD/CHF was down 0.35% to 0.8924, the lowest level since June 9, from 0.8953 late Wednesday. The pair was likely to find support at 0.8910 and resistance at 0.9000

RECOMMENDATION :

1. Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7100 SL 1.7020
2. Sell GBP/USD Below 1.6920- TG: 1.6890/ 1.6860 SL 1.6950

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

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