Comex Gold Signal

Comex Gold Signal

Comex Gold signal


  • Gold prices fell below the $1,300 level on Tuesday, hitting the lowest levels since December as the U.S. dollar and Treasury yields moved higher after slightly stronger than expected U.S. retail sales figures. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $23.80 or 1.81% to $1,294.40 a troy ounce by 09:26 AM ET (13:26 GMT), a level not seen since late December.
  • Natural gas futures rose to its best level in around there months on Tuesday, as updated forecasting models pointed to above-average temperatures covering most of the country through the end of May. That should help boost early summer cooling demand for the fuel. Front-month U.S. natural gas futures tacked on 0.9 cents, or around 0.3%, to $2.849 per million British thermal units (btu) by 8:20AM ET (1220GMT), after hitting an intraday high of $2.856, the strongest since February 5.
  • Oil prices hit fresh three-and-a-half-year highs on Tuesday, as looming U.S. sanctions against Iran raised fears that markets will face shortages later this year when trade restrictions come into effect. Brent crude futures, the benchmark for oil prices outside the U.S., rose to a session peak of $79.22 a barrel at one point, a level not seen since November 2014. It was last at $79.00 by 8:05AM ET (1205GMT), up 80 cents, or about 1%. Meanwhile, New York-traded WTI crude futures were up 51 cents, or 0.7%, to $71.48 a barrel, not far off their Nov.


  • U.S. inflation is rising toward the Federal Reserve’s 2 percent goal while not accelerating enough to suggest the economy is overheating, Dallas Federal Reserve President Robert Kaplan said on Tuesday. Inflation is approaching two percent but it’s “not running away from us,” he said at an event titled “Energy, Trade, and Energy Growth” sponsored by the Council for Foreign Relations.
  • Mexico’s economy minister said on Tuesday that he saw diminishing chances for a new North American Free Trade Agreement ahead of a May 17 deadline to present a deal that could be signed by the current U.S. Congress. U.S. House Speaker Paul Ryan has said that the Republican-controlled Congress would need to be notified of a new NAFTA deal by Thursday to give lawmakers a chance of approving it before a newly elected Congress takes over in January.
  • The European Union is interested in improving its trade ties with the United States but it will not make concessions to secure an exemption from U.S. metals tariffs and would need to consult its 28 members, a senior EU official said on Tuesday. “We are open for improving our trade relations… but it’s not a concession in order to get a permanent exemption from higher steel and aluminium tariffs,” Commission Vice-President Jyrki Katainen told a news conference.

Comex Gold Signal



Japanese Yen : USD/JPY Technical Analysis


  • The Japanese Yen’s beating at the Dollar’s hands goes on
  • The principal reason for it seems to have extended
  • The Australian Dollar is shriveling against the Japanese money

    The Japanese Yen stays under grave weight against the US Dollar from a principal point of view.

    The most recent extremely feeble development information from Japan brought the drapery down on a nine-quarter keep running of monetary development. It has likewise thrown mists over the nation’s ‘Abenomics’ change design and, without a doubt, kicked any prospect of more tightly financial approach from the Bank of Japan far into the long grass.

    Actually this development shortcoming has just supported an as of now reinforcing US Dollar. USD/JPY now plays by and by with the highs of early February which are around current levels.

    On the off chance that Dollar bulls can hold their nerve up here, at that point their next target will be late January’s highs in the 111.50 district which thusly monitor the way move down the year’s pinnacles. These would appear to be famously reachable right now given the yawning and, apparently broadening hole in money related approach among Tokyo and Beijing. However advance toward them will most likely be estimated and set apart by times of solidification.


    Inversions will presumably discover bolster at the current up-channel base, which by and by comes in at 109.42 or somewhere in the vicinity. This channel has been genuinely all around regarded both to the upside and the down, however more clear Dollar bulls may well need to see another upside test soon. After all that upper bound remains very some route over the market, for all the greenback’s present power, at 111.43.


    The Australian Dollar has been another remarkable casualty of US Dollar quality however it is likewise withering against the Yen. AUD/JPY appears to have made yet another lower high on its day by day graph in the previous couple of days, with the attention by and by on the drawback.

    Bulls should shield the past critical low at JPY81.20 on the off chance that they’re not to need to manage a plausible more extensive slide the distance down to April’s lows of JPY80.55.


    A fall this far would put genuine question marks over the whole ascent up from late 2016’s lows, which came in at JPY75.10.




                                                                                      Comex Gold Signal




  • Gold prices were roughly unchanged on Friday but looked set to post a first weekly gain in four weeks as dollar weakness continued following a recent bout of softer inflation data. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $0.80 or 0.06%, to $1,321.40 a troy ounce. Weaker inflation data seen earlier this week continued to drive direction, prompting traders to scale back their expectations for a faster pace of Federal Reserve rate hikes, pressuring both the 10-yield treasury and the dollar, underpinning gold prices.
  • Crude oil prices settled lower on Friday but posted a weekly gain as sentiment remained positive despite signs of an increase in U.S. production as rig counts jumped for the sixth week in a row. On the New York Mercantile Exchange crude futures for June delivery fell 66 cents to settle at $70.70 a barrel, while on London’s Intercontinental Exchange, Brent fell 0.54% to trade at $77.05 a barrel.
  • More destructive lava flows could soon hit Hawaii’s Big Island as the Kilauea volcano erupts, posing a greater threat than oozing magma that has so far destroyed dozens of homes and forced thousands to evacuate, scientists said on Friday. As a lava lake at Kilauea’s summit drains inside the volcano, magma is running underground. It could burst to the surface as large, fast-moving and intensely hot lava flows and produce higher levels of toxic gases, Hawaiian Volcano Observatory scientist-in-charge Tina Neal said.


  • Ousted Malaysian Prime Minister Najib Razak said on Saturday that he and his family would respect an immigration department ban on his travel abroad and stay in the country. Najib said earlier on his Facebook (NASDAQ:FB) that he and his family were taking a holiday overseas from Saturday and would return next week. But, moments later, the immigration department said on its official Facebook page that Najib and his wife, Rosmah Mansor, were blacklisted from leaving Malaysia.
  • Malaysian authorities barred ousted Prime Minister Najib Razak and his wife from leaving the country on Saturday, amid reports that the government was reopening investigations into a multi-billion-dollar graft scandal at a state fund he founded. The order by immigration authorities came minutes after Najib said in a Facebook (NASDAQ:FB) post that he and his wife, Rosmah Mansor, were taking a week-long holiday overseas to rest after his thumping defeat in Wednesday’s general election.
  • The new U.S. ambassador to Germany said the row over Washington’s planned imposition of punitive tariffs on European goods would not trigger a trade war, adding that President Donald Trump only wanted “a level playing field”. In an interview with the Funke newspaper group, Richard Grenell insisted that the United States was awaiting proposals on how punitive tariffs could be averted.



Epic Research : Forex Market Insight


Forex -Dollar On Track to Snap 4 Week Winning Streak as EUR/USD Gains
Forex -EUR/USD consolidates recovery from 4 month lows
Forex -GBP/USD trims daily gains, holds in weekly range


The EUR/USD pair is rising on Friday for the second day in a row but it was unable to extend gains during the American session as the US Dollar recovered strength on the back of rising US yields. The euro peaked on Friday at 1.1969, the highest since Monday. The area around 1.1970 capped the upside. EUR/USD is about to end the week, steady  moving  in  a  range  between  1.1930  and  1.1960, marginally  below  the  level it closed last week. EUR/USD recovered  ground  after  falling  on  Wednesday  to  1.1821, the  lowest  since  December.The weekly close far from the lows could signal some consolidation ahead. Some bearish pressure is still seen. The weekly chart is about to form  a doji,  after rebounding at the 20 week  moving  average.Next week,key data from the Euro zone is due, including GDP, NEW survey and CPI. In the US, retail sales on Tuesday area likely to gain attraction.


The GBP/USD failed  again  to  break  above  1.3600  and  retreated  back  below  1.3550 amid a recovery of the US dollar across the board. Recently dropped to 1.3531 and it was  hovering around 1.3540. The greenback trimmed losses the board during the American  session  and  extended  gains  against  most  of  emerging  market  currencies. US Dollar Index Futures rose from 92.19 to 92.42 supported by a bounce in US yields that turned higher.Regarding data, the US Preliminary Consumer Sentiment Index (University of Michigan) for May came in at 98.8, slightly above  the  98.5  expected  by  market  analysts.  Cable  is  still  modestly  higher  for  the day  but  the  momentum  eased.  It  continues  to  move  sideways  as  it  has  been  the case since last week. GBP/USD continues to move in a consolidation range between 1.3500  and  1.3600.  Today  it  is  headed  toward  the  sixth  daily  close  between  1.3515 and 1.3550.



Iforex Market Insight : Epic Research


Forex- Dollar Backs Off 2018 Highs as Rally Pauses
Forex- EUR/USD could see gains extended to 1.2000/50
Forex- GBP/USD bulls challenge the 1.3600 handle as US Dollar retreats from highs

The correction lower in the buck remains well and sound on Wednesday and is now allowing EUR/USD to  move  closer  to  the  1.1900  handle,  or  session  peaks.  The  pair  is  edging higher today following the renewed softer tone around the greenback. In fact, seems USD sellers  have  stepped  in  today  in  response  to  the  strong  rebound  in  the  buck  in  recent weeks, which managed to retake the 93.00 handle and above, area last visited in December 2017. Adding to today’s offered bias in USD, US Producer Prices rose less than expected during April at an annualized 2.6% and 0.1% inter month. Core prices rose 0.2% on a monthly basis and 2.3% over the last twelve months. At the moment, the pair is gaining 0.10% at 1.1877 facing the next hurdle at 1.1984 (10 day sma) seconded 1.2018 (200 day sma)  and  finally  1.2153  (low  Mar.1).  On  the  downside,  a  break  below  1.1823  (2018  low May 8) would open the door to 1.1768 (78.6% Fibo of November February up move) and finally 1.1718 (monthly low Dec.12 2017).


The  GBP/USD  is  trading  at  around  1.3593  up  0.34%  on Wednesday  as  investors  are slowly  unwinding  their  short  GBP/USD  positions  ahead  of  the  Bank  of  England  rate decision and quarterly Inflation Report on Thursday. Cable bulls gathered some momentum and managed to orchestrate a counter trend move from the 1.3500 handle earlier in the European session to challenge the 1.3600 handle in the American session. The  US  dollar  is  trading  lower  on  Wednesday  below  the  93.00  mark  as  investors  are  taking  some  profits  off  the  table  after  US  President  Trump  announced  on Tuesday that he withdrew the US from the Iran nuclear deal. Adding pressure to the greenback  is  the  worse than expected  Producer  Price  Index  (PPI)  data.  The  PPI  ex Food  and  Energy  year on year  to  April  came  below  expectations  at  2.3%  against 2.4% forecast by analysts. Technically, the GBP/USD is oversold and there is a combination of unwinding short positions and bottom pickers which is keeping the cable in the 1.3500 – 1.3600 range.

10 fx




                                                                                  Comex Gold Signal




  • Gold prices gained on Monday as the dollar slid against the other major currencies in Asia, but remained at its 4-month highs of above the 92 level. The U.S. and China issued a long list of demands for each other in Beijing on Friday, as the two nations attempted to resolve the trade dispute between them. China requested the 25% extra tariffs lifted, while the U.S. expressed concerns over intellectual properties, according to reports.
  • Natural gas futures started the week in positive territory on Monday, as updated forecasting models pointed to aboveaverage temperatures covering most of the country over the next two weeks. That should help boost early summer cooling demand for the fuel. Front-month U.S. natural gas futures jumped 5.4 cents, or around 2%, to $2.765 per million British thermal units (btu) by 9:15AM ET (1315GMT).
  • China’s main ports will step up quarantine checks on imports of apples and logs from the United States, and shipments found carrying disease or rot could be returned or destroyed, the Chinese customs agency said on Monday. Reuters reported last week that the main Chinese ports of entry have ramped up checks on fresh fruit imports from the United States, which could delay shipments from U.S. growers already dealing with higher tariffs as China-U.S. trade ties sour.


  • China’s commerce ministry said on Monday U.S. unilateralism and protectionism may lead to an escalation of global trade friction and could derail the pace of global economic recovery. China does not deliberately pursue a trade surplus, the Ministry of Commerce said in a report that summarizes China’s past foreign trade situations, while calling for joint efforts between the United States and China to resolve trade disputes.
  • Emergency authorities battling lava flows and gas erupting from Hawaii’s Kilauea volcano warned some residents to “go now” as a new fissure opened and more structures were destroyed. Kilauea has destroyed 26 homes and forced 1,700 people to leave their residences since it erupted on Thursday, spewing lava and toxic gas from volcanic vents in a small area of Hawaii’s Big Island.
  • Afghanistan’s poverty rate has worsened sharply over the past five years as the economy has stalled and the Taliban insurgency has spread, with more than half the population living on less than a dollar a day, a survey published on Monday showed. The Afghanistan Living Conditions Survey (ALCS), a joint study by the European Union and Afghanistan’s Central Statistics Organisation, showed the national poverty rate rising to 55 percent in 2016-17 from 38 percent in 2011-12.




NZD/USD : Forex Technical Analysis

NZD/USD Technical Strategy: FLAT

  • Morning Star candle design indications at New Zealand Dollar skip
  • Dissimilarity on 4-hour RSI reinforces the case for ebbing offering weight
  • Rise may offer chance to offer into the more extensive bearish pattern

    The New Zealand might prepared an endeavor at recuperation against its US partner after costs slid to the most minimal level in more than four months. The presence of a bullish Morning Star candle example may go before a ricochet. Regardless of whether such a move denotes a redress or bona fide inversion stays to be seen.

    Zooming in from the day by day outline to shorter-term situating, the setup on the four-hour time span uncovers positive RSI dissimilarity that supports the case for ebbing upside energy. Prompt pattern protection is as yet holding in any case, so it is untimely to state whether a rise or sideways float will take after.

    Truant further affirmation, standing aside appears to be judicious. All things considered, offering into indications of fixing after a ricochet to retest slant characterizing protection close to 0.7140 appears like an alluring recommendation, were such a chance to emerge. Close term value activity will be nearly checked for advance.


AUD/USD: Forex Technical Analysis

AUD/USD Technical Strategy: SHORT AT 0.7608

  • Morning Star candle design clues at Aussie Dollar rise ahead
  • Any additions prone to be restorative inside a more drawn out term descending pattern
  • Chances to add to short exchange looked for if upside move appears

    The Australian Dollar put in a bullish Morning Star candle design in the wake of touching a 11-month low against its US partner, implying a ricochet might be ahead. A week ago’s break of pattern line bolster set shape January 2016 makes for an extensively bearish predisposition nonetheless, proposing any additions from here are likely restorative.

    Starting wedge floor bolster turned-protection is at 0.7573, with a break over that opening the entryway for a retest of the 0.7636-43 region (38.2% Fibonacci retracement, March 29 low). On the other hand, a day by day close beneath the half level at 0.7482 makes ready for a test of the 61.8% Fib at 0.7327.

    The short AUD/USD exchange was actuated at 0.7608 hit its underlying target at 0.7566 and benefit has been set up for half of the positon. The rest will stay in play, searching for drawback continuation. A rise will be dealt with as an open door scale up presentation if and when a chance to do as such introduces itself.


Singapore shares open lower on Thursday; STI down 0.9% to 3,583.09

SINGAPORE stocks opened lower on Thursday, with the Straits Times Index withdrawing 0.9 for each penny, or 32.19 focuses to 3,583.09 as at 9.04 am.

Around 57.8 million offers worth S$249.4 million altogether changed hands.

The most effectively exchanged counter was Ezion, which fell S$0.005 or 4.6 for every penny to S$0.104 with 7.83 million offers evolving hands. Different actives included MDR, level at S$0.003 with 7.06 million offers exchanged; and AusGroup, up S$0.001 to S$0.05 with 2.6 million offers evolving hands.

Dynamic file stocks included DBS at S$29.18, down S$1.43 or 4.7 for each penny, and UOB at S$29.59, down S$0.40 or 1.3 for each penny.

In the US overnight, Wall Street stocks completed lower on Wednesday with the Dow modern normal down 0.7 for each penny as the market disregarded solid Apple profit as the Federal Reserve held loan costs unfaltering however hailed higher expansion. Workmanship Hogan, boss market strategist at Wunderlich Securities, said the decays reflect “protection” in the midst of stresses over an exchange war, fixing money related arrangement and continuous political turmoil in Washington.

Apple shares hopped 4.4 for every penny in the wake of revealing superior to expected income late Tuesday and disclosing another US$100 billion offer buyback design.

Japanese markets are shut on May 3-4 for open occasions, with exchanging continuing on Monday, May 7.

Stocks to watch:

THE accompanying organizations saw new advancements which may influence exchanging of their offers on Thursday:

United Overseas Bank (UOB): UOB’s first quarter net benefit rose 21 for each penny to S$978 million from the earlier year, as aggregate pay grew 9 for every penny to achieve S$2.23 billion, drove by solid development in both net premium wage and net charge and commission wage. Profit per share for the three months finished March 31, 2018, expanded to 2.28 Singapore pennies from 1.92 pennies every year back. No profits has been announced for the period.

OUE Hospitality Trust: OUE Hospitality Trust’s conveyance per stapled security (DPS) for Q1 2018 slipped to 1.26 Singapore pennies, from 1.30 Singapore pennies in the earlier year. That came as pay accessible for circulation in the quarter slid 2.3 for every penny from the earlier year to S$22.9 million. Its net property wage grew 3.1 for every penny from the earlier year to S$28.3 million.


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Singapore stocks: STI resumes Monday evening at 3,617.06, up 1.1%

SINGAPORE stocks continued exchanging on Monday evening in positive region, with the Straits Times Index ascending by 39.85 focuses or 1.1 for every penny, up on the day to 3,617.06 as at 1pm.

Gainers dwarfed washouts 188 to 148.

Around 1.29 billion offers worth S$931.5 million altogether changed hands.

The most effectively exchanged counter was Magnus Energy, which was level at S$0.001 with 70.7 million offers evolving hands. Different actives included Ezion and Thomson Medical.

Dynamic list stocks included DBS Bank at S$30.84, up by S$0.84 or 2.8 for each penny, and OCBC Bank at S$13.86, up by S$0.21 or 1.54 for every penny.

Effective Sentosa relaunches are the best impetus for profoundly marked down Ho Bee

Phillip Securities is remaining positive with Ho Bee Land given the property aggregate is wanting to relaunch its Sentosa properties with an aggregate 151 unsold units at the Turqoise and Seascape anticipated that would be put on special this year.

The examination house notes there was an expansion in auxiliary executed volumes of Sentosa apartment suites in 1Q18 of 17 units, the most noteworthy since 2012 despite the fact that executed costs are as yet moping around $1,600 psf.

In a Monday report, examiner Tan Dehong is expecting a traditionalist $1,500 psf esteem for these properties in his RNAV estimate.

“Fruitful relaunches and monetisation for the Sentosa properties over our accepted $1,500 psf capital esteem will be impetuses for a narrowing of the markdown and overhaul in RNAV,” says Tan.

What’s more, Ho Bee’s Metropolis office towers at North Buona Vista Drive stay 100% rented with 30% are expected for expiries this year.

Administration anticipates that Metropolis will accomplish insignificantly level to somewhat positive rental inversions albeit Tan anticipates that level will low single-digit inversions with normal rents falling inside the $7.50-$8 territory.

Right now, Metropolis contributes 55% of aggregate rental pay by Phillips’ assessments.

Ho Bee has likewise secured a foothold into Continental Europe with its speculation into a property finance.

The aggregate EUR 90 million ($144 million) venture will be into a Credit Suisse European property subsidize and a business working in Munich.

The store’s focused on net IRR could hit “twofold digit”, administration has guided.

In spite of the positives, Ho Bee hasn’t added new option to arrive bank stock as administration has received a preservationist technique in its offering, says Tan.

Tan notes that the gathering has been to a great extent missing from the different GLS offers in the course of recent years, with just the main offer coming in the Punggol EC arrive site which came in 27% lower than CityDev’s triumphant offered of $583 psf.

By and by, Tan says Ho Bee’s FY17 intermittent rental wage is adequate to cover 2.8 times FY17 customary profit of 8 pennies for each offer.

“Viewpoint for the repeating salary portfolio is steady. We keep on staying positive for its stable repeating wage and underestimated top of the line property portfolio,” says Tan.

At its present offer cost of $2.56, Ho Bee is exchanging at a lofty 45% rebate to NAV, beneath its post GFC normal P/NAV of 0.63 and one of the steepest rebates among privately recorded designers.

Phillip is looking after its “aggregate” with unaltered RNAV-inferred target cost of $2.98.

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