6Aug

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 traded lower while the dollar was little changed ahead of the U.S. July job reports due later in the day. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $4.0, or 0.33%, to $1,216.10 a troy ounce by 1:40AM ET . The dollar was little changed as traders await the monthly jobs report for more cues. The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was down 0.01% to 94.99 on Friday.
  • Oil prices were mixed on Friday after strong gains in the previous session on reports that crude supplies fell at a domestic delivery hub at Cushing, Oklahoma. Crude Oil WTI Futures for September delivery climbed 0.15% to $69.06 per barrel at 1:30AM ET , while Brent Oil Futures for October delivery were down 0.08% to $73.39 for one barrel.
  • Metal prices traded mostly lower, pressured by a rising dollar and escalating U.S.-China trade tensions as the White House sought tougher sanctions on Beijing. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $7.10, or 0.58%, to $1,220.50 a troy ounce, just above session lows of $1,228.90. U.S. President Donald Trump proposed a higher 25% tariff on $200 billion worth of Chinese imports, his administration said on Wednesday, raising fears of an escalating trade-war between the world’s two largest economies, which could hurt global growth.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Although July’s nonfarm payrolls fell short of consensus, the data continue to paint a picture of a solid labor market poised for strong job creation that will likely keep the Federal Reserve on track for two more rate hikes this year as part of its plan to “gradually” tighten monetary policy. “The U.S. economy’s powerful job creation engine continues as revisions to prior months, together with 157,000 new jobs in July, take the three-month average to over 220,000 and unemployment falls to 3.9%,” Allianz Chief Economic Adviser Mohamed El-Erian commented after the release.
  • China on Friday announced retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft and warned of further measures, signaling that it won’t back down in a protracted trade war with Washington. China’s finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, ranging from 5 to 25 percent. Timing will depend on the actions of the United States, the Chinese Commerce Ministry said in a separate statement.
  • A selloff in big U.S. tech shares wasn’t enough to pull money away from the sector, Bank of America Merrill Lynch (NYSE:BAC) strategists said on Friday, but U.S. large-cap stocks suffered outflows as investors grew more cautious about an aging bull market. Overall investors shed risky assets this week, pulling $2 billion from equity funds and plowing $2.2 billion into bond funds, the strategists said, citing flows data from EPFR.

COMEX GOLD SIGNAL

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2Aug

Singapore Stocks Watch: STI resumes Thursday evening at 3,282.38, down 1.4%

Singapore Stocks Watch: SINGAPORE stocks continued after Thursday’s meal break in negative an area, with the Straits Times Index shedding 46.63 focuses or 1.4 for each penny to exchange at 3,282.38 as at 1.02pm.

Washouts intensely dwarfed gainers 238 to 94, or around five down for each two up, as 990.7 million offers worth S$649.6 million altogether changed hands.

The most effectively exchanged counter was Ezion, which fell 0.6 Singapore penny, or 7.6 for each penny, to 7.3 Singapore pennies with 59.01 million offers evolving hands. Different actives included Jiutian Chemical, exchanging up 2.5 for every penny, or 0.1 Singapore penny, at 4.1 Singapore pennies with 14.75 million offers exchanged, and Singtel, level at S$3.22 with 10.2 million offers evolving hands.

Every one of the three nearby banks fell. Among the best dynamic file stocks, DBS was around 2.34 for every penny, or 63 Singapore pennies, to S$26.31, while UOB was down 2.72 for every penny, or 74 Singapore pennies, to S$26.52. OCBC Bank withdrew 2.24 for every penny, or 26 Singapore pennies, to S$11.34.

To get more updates on Singapore Stocks Watch and best Singapore Stocks Tips, Click here SGX Stock Tips

 

2Aug

COMEX MARKET IN SINGAPORE| 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 down on Wednesday as traders wait for a policy decision from the Federal Reserve. Comex gold futures for August delivery fell 0.44% to $1,218.30 a troy ounce as of 10:30 AM ET (14:30 GMT). Gold has fallen in recent months as a stronger dollar and rising interest weights weighed on the metal. The Fed Is not expected to raise interest rates later in the day, but a decision and policy statement are released at 2:00 PM ET (18:00 GMT).
  • Oil slipped below $74 a barrel on Wednesday pressured by an industry report that U.S. stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more ample supply. On Tuesday, the American Petroleum Institute said crude inventories rose by 5.6 million barrels last week. Analysts had expected a decrease of 2.8 million. The U.S. government’s supply report is due on Wednesday.
  • EU soybean imports from the United States almost quadrupled early in the new marketing year, the European Union said, a week after it struck a deal with U.S. President Donald Trump to avert a trade row, as buyers responded to a sharp drop in prices. The EU said in a statement that the collation of new bi-monthly import data showing the rise was “the first concrete follow-up to the EU-U.S. joint statement agreed in Washington between Commission President Juncker and U.S. President Trump”.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The U.S. Treasury said on Wednesday it will introduce a new benchmark 2-month bill starting in October 2018 and also increase the size of its debt auctions in the coming months. The measures are to deal with a rising budget deficit and fill gaps left by the Federal Reserve continuing to reduce its massive bond portfolio. Rising federal borrowing, while not entirely a surprise, rekindled some concerns about its effect on the bond market, lifting the 10-year Treasury yield (US10YT=RR) to 3 percent for the first time since mid-June.
  • The Federal Reserve is considering a key milestone in its public communication about the path of interest rates. Wall Street economists think a language change is coming that will signal monetary policy is no longer loose, meaning interest rates are no longer seen as particularly low. This week’s meeting may be too soon; it’s more likely such a shift will come in September, when the Fed is next expected to raise interest rates.
  • Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported on Wednesday. It is the first time parliament has summoned Rouhani, who is under pressure from hardline rivals to change his cabinet following a deterioration in relations with the United States and Iran’s growing economic difficulties. Lawmakers want to question Rouhani on topics including the rial’s decline, which has lost more than half its value since April, weak economic growth and rising unemployment, according to semi-official ISNA news agency.

2august5

1Aug

Singapore Stock Watch: SGX respects Asia’s first foundation fund securitisation notes

Singapore Stock Watch:  Bayfront Infrastructure Capital will issue Class A, B, and C notes.

Singapore Exchange (SGX) presented Bayfront Infrastructure Capital’s (BIC) foundation venture fund securitisation notes as the first of its kind to encourage institutional financial specialist access to framework obligation in Asia-Pacific and the Middle East, a declaration uncovered.

Supported by Clifford Capital, BIC issued for classes of notes including Class A Notes worth US$320.6m, Class B Notes worth US$72.6m, Class C Notes worth US$19m, and Subordinated Notes worth US$45.8m.

SGX said that the notes are sponsored by a US$458m arrangement of bank-syndicated venture back and foundation advances crosswise over 16 nations and eight industry sub-segments.

BIC’s venture review appraised Class A, B, and C Notes were offered to institutional financial specialists. As a backer of the exchange, Clifford Capital will obtain and plans to hold the Subordinated Notes.

“We are cheerful to help imaginative capital markets arrangements that not just reinforce Singapore’s situation as a framework financing center point yet in addition serve Asia’s advancement and development,” SGX head of values and settled salary Chew Sutat remarked.

1Aug

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 were down on Tuesday, but remained on track for a fourth-straight month of losses. Comex gold futures for August delivery fell 0.11% to $1,219.90 a troy ounce as of 10:26 AM ET (14:26 GMT). Gold has fallen in recent months as a stronger dollar and rising interest rates weighed on the metal. The Federal Reserve makes a policy decision Wednesday afternoon, but no rate hike is expected.
  • Kuwait Foreign Petroleum Exploration Co. is borrowing $1.1 billion to spend on oil and natural gas projects as the company plans to expand its shale operations, Chief Executive Officer Sheikh Nawaf Saud Al-Sabah said. Sumitomo Mitsui Banking Corp. and Societe Generale (PA:SOGN) SA were the joint lead arrangers of the five-year loan for Kufpec, a unit of state-run Kuwait Petroleum Corp., Al-Sabah said at a news conference in Kuwait City
  • U.S. President Donald Trump’s proposed tariffs on another $200 billion of Chinese goods threaten a niche trade in minor metals and rare earths used in everything from stomach remedies and jet engines to consumer electronics. More than 6,000 items have been earmarked for a 10 percent import tariff, including – in some form – 32 of the 35 minerals the United States in May designated as “critical” to its economic and national security.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Federal Reserve is expected to keep interest rates unchanged on Wednesday, but solid economic growth combined with rising inflation are likely to keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates. The U.S. central bank so far this year has increased borrowing costs in March and June, and investors see additional moves in September and December. Policymakers have raised rates seven times since December 2015.
  • Mexican tycoon Carlos Slim said on Tuesday that the best wall between Mexico and the United States was investment and job opportunities, referring to the U.S. President Donald Trump’s promise to build a border fence between the two countries. “The best wall is investment and creating opportunities in Mexico,” Slim said during an strategy conference for the Spanish builder FCC (MC:FCC), of which he is the main shareholder, in Madrid.
  • China will keep its economic growth within a reasonable range by making policies more flexible and effective, the state -run Xinhua news agency said on Tuesday. The authorities will stabilize China’s employment, financial sector, foreign trade and investment, it said, citing a statement released after a meeting of the Politburo, a top decision-making body of the ruling Communist Party. China will better balance its financial risk prevention and support for the real economy, maintaining its deleveraging drive but paying attention to its pace and intensity, it added.

COMEX GOLD SIGNAL

31Jul

COMEX MARKET IN SINGAPORE| 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 flat on Monday as investors wait for a flurry of central bank policy decisions this week. Comex gold futures for August delivery rose 0.02% to $1,223.20 a troy ounce as of 11:07 AM ET (15:07 GMT). The Federal Open Market Committee (FOMC) meets on Tuesday and Wednesday, with a policy decision scheduled for Wednesday afternoon. Investors do not expect the Fed to increase interest rates this week, but there is an 87.8% chance the central bank will hike rates in September.
  • Saudi Arabia announced last week it was suspending oil shipments through the Red Sea’s Bab al-Mandeb strait after Yemen’s Iran-aligned Houthis attacked two ships in the waterway. To date, no other exporters have followed suit. A full blockage of the strategic waterway would virtually halt shipment to Europe and the United States of about 4.8 million barrels per day of crude oil and refined petroleum products.
  • Oil prices traded higher on Monday, bouncing back after their fourth-straight weekly loss last week amid emerging evidence of oversupply, as some traders moved in at lower prices amid a confluence of bullish factors. New Yorktraded West Texas Intermediate crude futures gained $1.39, or 2.02%, to $70.08 a barrel by 11:04 AM ET (15:04 GMT).

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The United States has eased export controls for high technology product sales to India, granting it the same access as NATO allies, Australia, Japan and South Korea, U.S. Commerce Secretary Wilbur Ross said on Monday. Ross, speaking at U.S. Chamber of Commerce event, said the move to grant Strategic Trade Authorization status STA1 to India reflects its efforts to improve its own export control regime, its adherence to multilateral export rules and its growing status as a U.S. defense partner.
  • Ukraine lost the bulk of a legal dispute against Russia on Monday, when a World Trade Organization dispute panel struck out many of its arguments about Russia refusing to use Ukrainian railway equipment, a major export for Kiev. Ukraine complained to the WTO in 2015 about Russia’s rejection of Ukrainian rolling stock, railroad switches and other railroad equipment, but the WTO ruled that the security situation was such that Russian inspectors sent to check that Ukraine’s exports complied with Russian standards would have been risking their lives, and Russia was therefore justified.
  • Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo on Monday announced $113 million in new regional investments focused on technology, energy and infrastructure. The announcement comes at a time when trade frictions with China have given U.S. trade diplomacy a sharper edge.

GOLD TRADING FORECAST TODAY

30Jul

Singapore Stock Watch : STI resumes on Monday afternoon at 3,306.21, down 0.56%

Singapore Stock Watch :SINGAPORE stocks continued exchanging on Monday evening on bring down ground, with the Straits Times Index declining 0.56 for every penny or 18.77 indicates on the day 3,306.21 as at 1.01pm to proceed with the morning droop.

Against its twelve close of 3,304.55, be that as it may, the blue-chip benchmark was up 0.05 for every penny, or 1.66 focuses.

Failures dwarfed gainers 198 to 117, or around five stocks down for each three up, after 1 billion offers worth S$373.4 million changed hands.

Among the most intensely exchanged by volume, Thomson Medical Group rose 3.9 for every penny or S$0.003 to S$0.08 with 35.4 million offers exchanged. Yangzijiang Shipbuilding Holdings climbed 2.2 for each penny or S$0.02 to S$0.925 with 8.7 million offers exchanged.

Dynamic file stocks included DBS Group Holdings, moved down 0.7 for every penny or S$0.20 to S$26.86; and United Overseas Bank, tumbled down 1.2 for every penny or S$0.32 to S$27.00

The accompanying organizations saw new advancements that may influence exchanging of their offers on Monday:

iFast Corp: Wealth administration firm iFast Corp saw its net benefit hop for the second quarter on higher income, in spite of the hit from its misfortune making territory Chinese tasks, as indicated by unaudited half-year comes about. Income came in at S$2.94 million for the three months to June 30, surging by 40.4 for every penny on the earlier year, the organization declared on Saturday. Income swelled by 25.4 for each penny to S$30.9 million. Profit per share was 1.1 Singapore pennies, up from a repeated 0.79 Singapore penny beforehand, while net resource esteem ticked up to 31.26 Singapore pennies an offer, against 30.69 Singapore pennies as at Dec 31, 2017. iFast shut at S$1.09 on Friday.

Chasen Holdings: Specialist coordinations organization Chasen Holdings has secured a 51 million yuan (S$10.2 million) migration contract in China to fit out a level board show producing plant. The agreement, which is situated in Chuzhou, Anhui area, will include move-in, warehousing and related coordinations administrations for the plant. The undertaking will keep running for 16 months from September 2018 to December 2019. The organization’s stock last exchanged at 7.9 Singapore pennies on Friday.

 

30Jul

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

      COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Metal prices traded mixed benefiting from a weaker dollar despite a preliminary reading of second-quarter U.S. economic growth showing the economy grew at its fastest pace in nearly four years. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $1.60, or 0.13%, to $1,224.10 a troy ounce, but remained well above an intraday low of $1,216.70.
  • An agreement by the European Union to increase soy imports from the United States will not harm EU farmers, German Agriculture Minister Julia Kloeckner said in an interview published on Saturday. European Commission President Jean-Claude Juncker agreed to increase soy imports in a deal reached with U.S. President Donald Trump, under which Washington will suspend the imposition of new tariffs on the EU.
  • Venezuela’s highly subsidized gasoline, cheaper than anywhere in the world, could be more expensive starting next month. Why? The smallest coin that will be available in the market will be enough to fill 100 SUV tanks. The bizarre situation is the result of a rapidly depreciating currency, hyperinflation and ridiculously low prices for fuel. President Nicolas Maduro’s plan to redenominate the bolivar on Aug. 20 by lopping off five zeroes means that 50-cent coins for the new “sovereign” bolivar will be worth 50,000 of the old (and poorly named) “strong” bolivar.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Top BlackRock Inc (N:BLK) bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that the dollar could move higher, he told Reuters on Friday. “I still would argue volatility is going to be higher, the dollar could potentially continue to grind higher,” said Rieder, BlackRock’s chief investment officer of global fixed income. “It’s just prudent to run a smaller exposure.”
  • Mexican Economy Secretary Ildefonso Guajardo said on Friday that the negotiating teams for the North American Free Trade Agreement (NAFTA) are ready to kick off talks again after they stalled last month. NAFTA talks between the United States, Mexico and Canada had stalled since June when the United States imposed tariffs on Mexican and Canadian steel and aluminum. Both countries responded with levies on products including U.S. pork, ketchup and Kentucky bourbon.
  • President Sebastian Pinera wanted to make one thing perfectly clear about Moody’s Investors Service’s decision to downgrade Chile’s credit rating: It’s not my fault. “The reaction of the rating agency is due to things that happened in previous years,” Pinera, who took office March 11, told reporters Friday. “As you well know, our government is correcting those reasons.” Moody’s reduced Chile’s senior unsecured debt ratings to A1 from Aa3, citing a gradual and broadbased deterioration in the country’s credit profile.

COMEX GOLD SIGNAL

30Jul
forex-trading-solutions

Forex Research Report

INTERNATIONAL CURRENCY BUZZ

Forex – Dollar Falls Despite Strongest US GDP Growth in Nearly Four Years
Forex – GBP: Bank of England to Reveal All Next Week
Forex – EUR/USD recovers modestly on Friday, remains in a range

EUR/USD

The EUR/USD pair rebounded on Friday after US economic data but is still headed toward a negative weekly performance. After the ECB and US GDP data, it remains in a range, moving sideways, although closer to the lower bound. On Friday, the US dollar corrected to the downside, after rising on Thursday and pushed EUR/USD to the upside. Before the recovery, the pair bottomed at 1.1619, the lowest since July 19. The pair found resistance at 1.1660 and it is about to end the week, moving between that level and 1.1645, down 60 pips from the level it had a week ago. Despite the ECB decision and US data, EUR/USD continues to move within a small range. The para managed to avoid a daily close under 1.1630 that would point to more losses. To the upside, immediate resistance is seen at 1.1680/90, the 20-day moving average.

GBP/USD

The GBP/USD pair managed to bounce off lows, albeit held on to its daily trading range following the release of US GDP print. The pair stalled overnight retracement slide from levels beyond the 1.3200 handle and found some support at lower levels after the advance US GDP report showed that the US economy expanded at an annualized pace of 4.1% during the second quarter of 2018. Although the headline reading was better than 2.0% growth recorded in the previous quarter, it wasn’t enough to provide any meaningful lift to the US Dollar and helped the pair to rebound from an intraday low level of 1.3082. The data, however, cemented expectations for a gradual Fed rate hike through the end of this year and thus, did little to prompt any aggressive USD selling. Moreover, investors also seemed to refrain from placing aggressive bets ahead of the highly anticipated BoE monetary policy update next week.

30

27Jul

COMEX MARKET IN SINGAPORE| 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 eased on Thursday as immediate global trade tension eased U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. Gold Futures for August delivery on the Comex division of the New York Mercantile Exchangeis was down 0.2% to a trading price of $1,229.90 each troy ounce at 1:30AM ET (05:30 GMT).
  • Natural gas futures rose to the highest levels of the session on Thursday, after data showed that supplies in storage rose much less than forecast last week. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 24 billion cubic feet (bcf) in the week ended July 20, below forecasts for a gain of 36 bcf. That compared with a build of 46 bcf in the preceding week, an increase of 17 bcf a year earlier and a five-year average rise of 46 bcf.
  • U.S. crude oil prices inched down on Thursday while Brent rose after Saudi Arabia said it was suspending oil shipping in the Red Sea. West Texas Crude oil futures fell 0.03% to $69.28 a barrel as of 10:27 AM ET (14:27 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.05% to $73.97. Saudi Arabia, the biggest oil exporter in the world, said it was temporarily halting oil shipments through the Red Sea after an attack by Yemen’s Houthi movement.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Chinese and U.S. envoys presented radically differing visions of China’s economic model at the World Trade Organization on Thursday, a choice between “the world’s most protectionist economy” and a growth story that had benefited all countries. U.S. Ambassador Dennis Shea was presenting a paper entitled “China’s trade-disruptive economic model” to the last WTO meeting before a summer break, overshadowed by a nascent multi-billion dollar trade war between the two economic giants.
  • The Bank of England looks set to pass a post-financial crisis milestone next week by finally raising interest rates above their emergency levels set more than nine years ago. But with a potentially messy Brexit nearing, Governor Mark Carney may sound cautious about the pace of further moves away from the BoE’s still-powerful stimulus program. In March 2009, when the financial crisis was raging, the BoE slashed its benchmark rate to 0.5 percent to stave off the risk of a depression.
  • The U.S. economy is growing at a 3.8 percent annualized rate in the second quarter following the latest data on domestic durable goods orders and advance trade balance, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday. The latest estimate on gross domestic product growth was slower than the 4.5 percent pace estimated on July 18, the Atlanta Fed said.

GOLD TRADING FORECAST TODAY

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