17Dec

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

  • It had to be one safe-haven or the other and the dollar triumphed at the expense of gold on Friday as signs of slowing growth in China sparked risk aversion across the globe. A contrarian trade to bullion, the dollar hit 19-month highs after Beijing’s weakest retail sales performance in 15 years and smallest industrial output in almost three years cast doubts about demand in the No. 2 economy.
  •  U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active rigs after crude prices collapsed in October and November. Drillers cut four oil rigs in the week to Dec. 14, bringing the total count down to 873, the lowest since mid October, General Electric Co’s (N:GE) Baker Hughes energy services firm said in its closely followed report on Friday.
  • Brazil is prepared in the event China removes tariffs on U.S. soy, which had driven down prices for the oil seed in Chicago and driven up the premiums over U.S. prices paid for Brazilian beans, outgoing Agriculture Minister Blairo Maggi said on Friday. Maggi, who will step down when President-elect Jair Bolsonaro takes office Jan. 1, said removing the tariffs would lead prices in Chicago and Brazil to converge and bring greater predictability to the soy market that would benefit Brazilian farmers.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The United States won a legal battle over “dolphin safe” tuna-labeling on Friday, when the World Trade Organization’s appeals judges dismissed Mexico’s argument that the U.S. labeling rules violated WTO rules. More than 10 years after the dispute first came to the WTO in October 2008, the WTO ruling ended Mexico’s claim that U.S. labeling rules unfairly penalized its fishing industry.
  • The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property. The change was made in a Federal Register filing from a previously scheduled effective date of Jan. 1, 2019 for the increase to 25 percent from 10 percent.
  • As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. On Friday, the small-cap S&P 600 Index (SPCY) fell 1.6 percent to mark a 20.05 percent decline from its Aug. 31 closing high. A drop of 20 percent or more from a record or long-standing high closing level is the typical definition of a bear market.

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13Dec

Singapore’s 2018 economic development estimate raised by 1 ppt to 3.3%: MAS study

Market analysts imagine that assembling development in 2018 will back off to 7.4% from a prior forecast of 7.6%.

Singapore’s total national output could hit 3.3%, up 1 ppt from the anticipated 3.2% development in September, as indicated by a study by the Monetary Authority Singapore (MAS).

As indicated by the study, Q3 GDP was recorded at 2.2%, 0.1 ppt higher than the September study expectation of 2.1%.

For Q3, the recently discharged study predicts that the development of the assembling area could back off from the anticipated 7.6% to 7.4% for 2018.

Respondents containing financial specialists from the private division imagine that the assembling development will back off to 7.4% in 2018, which is down from their 7.6% development forecast in the September study. In the interim, business analysts are increasingly positive with the monetary and protection industry as they foresee that the division’s development will hit 6.9% in 2018 from their past development expectation of 6.7%.

The development part is relied upon to see a lesser compression of – 3.5% from the past conjecture of – 4.2% in the September review. In the interim, development in the discount and retail exchange is anticipated to hit 1.3% (versus 1.5% in the September overview) while the accomodation and sustenance administrations area is relied upon to develop by 3.4% (versus 2.9% in the September overview.

As indicated by the December overview by MAS, business analysts are increasingly positive on the private utilization as they figure development will achieve 3.4%, up from their 2.8% forecast in September. They are additionally positive on the non-oil household sends out (NODX) as they anticipate that development will achieve 6.2% contrasted with their 5% forecast in the September study.

Respondents of the study believe that the facilitating of the exchange strains (47%) is the best upside chance for Singapore’s economy. They additionally think other upside dangers which may float the economy incorporate the US financial arrangement (29%) and local exchange and venture (29%).

In the mean time, all respondents believe that the real drawback hazard to the economy is exchange protectionism. They likewise trust that the higher loan costs (41%) and in addition China’s lull (41%) could scratch Singapore’s economy.

13Dec

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 ticked higher on Wednesday, hitting the best levels of the session after data showed that U.S. consumer price growth slowed in November. Comex gold futures were up $4, or about 0.3%, at $1,251.20 a troy ounce by 8:45 AM ET (13:45 GMT), not far from a five-month peak of $1,256.60 touched at the start of the week. Meanwhile, spot gold was trading at $1,246.28 per ounce, up $3.30, or 0.25%.
  • OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group faces to prevent a glut even after last week’s decision to trim output. In a monthly report, the Organization of the Petroleum Exporting Countries said 2019 demand for its crude would fall to 31.44 million barrels per day, 100,000 bpd less than predicted last month and 1.53 million less than it currently produces.
  • Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. The American Petroleum Institute (API) said on Tuesday that U.S. crude inventories dropped by 10.2 million barrels last week, more than analysts had forecast. Official inventory figures are due later on Wednesday. Brent crude (LCOc1), the global benchmark, rose $1.07 to $61.27 by 0947 GMT.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Proposals for reforming the World Trade Organization fail to deal with problems raised by the United States, U.S. Ambassador Dennis Shea told the WTO’s General Council on Wednesday. “With respect to the proposal advanced by the European Union, China, and India, it is hard to see how it in any way responds to the concerns raised by the United States,” he said, according to a transcript provided to Reuters.
  • China plans to give foreign companies greater access to its economy and is drafting a replacement of its plan to dominate advanced technologies by 2025, the Wall Street Journal reported Wednesday, citing sources briefed on the strategy. Beijing’s changes would come in response to pressure from U.S. President Donald Trump, who launched a tit-fortat tariff dispute with China this year aimed at balancing trade and giving American firms increased access to the world’s second-largest economy.
  • European Union leaders will ditch proposals to use a euro zone budget for economic stabilization and restrict any funds to long-standing EU goals of convergence among their economies and increasing competitiveness, draft summit conclusions showed on Wednesday. The likely outcome of Friday’s summit are a blow to German Finance Minister Olaf Scholz, a Social Democrat who wanted any euro zone budget to play a stabilization role via a shared unemployment insurance scheme for the zone’s 19 member states.

COMEX GOLD SIGNAL

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11Dec

Singapore Stocks : Starhill Global REIT an appealing intermediary to tourist in the midst of retail headwinds: DBS

Singapore Stocks : DBS Group Research is looking after its “purchase” on Starhill Global REIT (SG REIT) with an unaltered target cost of 75 pennies, which reflects progressively traditionalist rebate rate suppositions due to a less-hopeful standpoint of the trust’s retail portfolio in Singapore.

This is particularly so for Wisma Atria, where DBS thinks working measurements have been delicate despite the fact that the base could be close, as late material changes made to its exchange blend on the ground floor could forecast well for the shopping center.

In a Monday report, expert Carmen Tay features SG REIT as an intermediary to a foreseen uptrend in vacationer landings and spending, as she gauges relentless profits over FY19-20F with an appealing yield of 7%.

“We like SG REIT for its enhanced arrangement of prime retail and office resources in the Asia Pacific district tied down by two unmistakable Orchard Road Malls – Wisma Atria and Ngee Ann City. With visitor entries and spending on an uptrend, we trust SG REIT is ready to profit by this,” says Tay.

“Verifiable operational execution has demonstrated that execution for shopping centers along Orchard street have greater unpredictability and are increasingly delicate to non-optional spending which can be supported by higher traveler landings and spending. This is as opposed to rural shopping centers which cook to a great extent to local people and less non-optional shopping,” she includes.

Tay likewise loves SG REIT for its key stay occupants Myer and David Jones, whose leases together include 49% of the REIT’s incomes. With some of its portfolio’s lord rents due for audit in 2019-2020, she additionally trusts this infers potential upside to profit in the medium term.

Further, Tay features the REIT’s proposed advancement at Wisma – which includes an unutilised net floor region (GFA) of around 100,000 sf – as an esteem improving technique and in this way potential impetus, in her view.

“We comprehend that the supervisor is in standard discourses and the execution of this improvement could yield upside to both NAV and DPUs in the medium term, which isn’t estimated in at current dimensions,” takes note of the investigator.

As at 2.47pm, shares in SG REIT are exchanging level at 67 pennies or multiple times FY19F income.

11Dec

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 fell on Monday, turning lower after reaching their best level in five months on the back of expectations that the Federal Reserve will need to slow its pace of rate hikes next year. Comex gold futures were down $2.10, or almost 0.2%, to $1,250.45 a troy ounce by 8:40AM ET (13:40 GMT), having earlier touched $1,256.60, the most since July 11. Meanwhile, spot gold was trading at $1,245.10 per ounce, down $3.40, or around 0.3%.
  • Oil prices slumped on Monday, erasing some of last week’s strong gains from an agreement among major producers to curb output in the coming year, while analysts debated whether the deal is enough to rebalance the market. New Yorktraded West Texas Intermediate crude futures fell 96 cents, or 1.82%, at $51.65 a barrel by 9:02 AM ET (14:02GMT).
  •  Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt, just days after OPEC exempted the country from global crude output cuts. The shutdown at the Sharara field will result in a production loss of 315,000 barrels a day, the state energy producer National Oil Corp. said on its website. Sharara is operated by a joint venture between the NOC and Total SA (PA:TOTF), Repsol (MC:REP) SA, OMV AG and Equinor ASA, known formerly as Statoil (OL:EQNR) ASA.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Governor of the Reserve Bank of India, Urjit Patel, resigned suddenly on Monday, following months of pressure from Prime Minister Narendra Modi’s government that is threatening the independence of the central bank, sending the rupee tumbling. Government officials have been complaining in the past few months that the central bank should allow lenders to make loans more easily, and want the RBI to hand over some of its surplus reserves to help fund the fiscal deficit.
  • Bethlehem is enjoying its busiest Christmas season on record, the Palestinian Ministry of Tourism said on Monday, with hotels in the birthplace of Jesus almost fully booked for the holiday. Tourism has recovered following a fall in knife and car-ramming attacks which helped push visitor numbers in the biblical city to a 10-year low in 2015. Bethlehem store owners also said they were benefiting from a surge of visitors to Israel in its 70th anniversary year.
  • British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on her Brexit deal, throwing Britain’s plan to leave the European Union up in the air on the eve of the vote after repeated warnings from lawmakers she faced a rout. While there was no immediate official announcement, a source in Whitehall, the center of British power, said the vote would be delayed, a decision the government could take without having to get the approval of parliament.

COMEX GOLD SIGNAL

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8Dec

Will Singapore land market could influence a election race

Summary : Singapore is preparing for surveys. Since a solitary gathering has ruled continuous since 1959, the genuine significance of the following race lies in the uncommon authority progress that will occur a while later.

Back Minister Heng Swee Keat’s very much arranged height as the city-state’s fourth head administrator is relied upon to flag strategy coherence, however movement is one zone where the present state of affairs is beginning to look like stagnation. Any change Heng presents here will be disputable, however it will have a solid bearing on Singapore’s most desired resource class: property.

Fourteen years prior, Singapore’s third and current Prime Minister Lee Hsien Loong acquired an economy recouping emphatically after the SARS plague of 2003. The property advertise, however, was still in hopelessness in the midst of far reaching questions about Singapore’s long haul intensity.

Lee’s changing of the port city set off a close multiplying of costs in the initial seven years of his standard, in spite of a terrible dive following the 2008 worldwide monetary emergency. While the Marina Bay Sands club and resort is most symbolic of Singapore’s urban change, it was the city’s push into riches and resource the board, and its grip of keeping money and innovation back workplaces, that made employments and acquired vagrants.

What’s more, migraines, as well. After Singapore’s voters demonstrated their disappointment with congestion in the 2011 race, the arrangement pendulum swung the contrary way. In any case, in maturing Singapore, stricter migration implied tolerating slower populace development. Lee’s organization would not like to hazard a property bubble powered by shabby cash being printed by Western national banks. So it controlled energy for land with extravagant stamp obligations and unforgiving principles on home borrowers’ aggregate obligation. Costs fell relatively 12% more than four years. A recuperation, which got in progress a year ago, was additionally packed somewhere around the legislature.

The uplifting news presently is that the interest supply irregularity is facilitating, in any event in the rental market. At the point when Lee took up the best occupation in August 2004, relatively 8.5% of the island-state’s lodging stock was vacant; the opening rate hit a four-year low of 6.8% in September 2018. A further facilitating of the shade would add to a rental recuperation and go about as an extra buy motivator, as indicated by Bloomberg Intelligence experts Patrick Wong and Mohsen Crofts.

It’s not clear whether Heng needs to request that voters rethink the exchange off between lodging riches and movement. Be that as it may, he should attempt. For a general public with 90%-in addition to home proprietorship and solid framework, tolerating more nonnatives involves personal responsibility.

Mapletree REITs among most ‘cautious’ stocks: SGX

The four REITs saw normal annualized add up to returns of 13.3% since their IPOs.

Mapletree REITs including Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MIT), Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) are among the most guarded stocks as their annualized add up to returns since their underlying open contributions (IPOs) somewhere in the range of 2005 and 2013 hit 13.3%, the Singapore Exchange (SGX) said.

SGX additionally noticed that the consolidated IPO advertise capitalisation of the four REITs was at $5.8b. By 23 November, this nearly tripled to $16b.

YTD, the four Mapletree REITs found the middle value of a 1% decrease in all out return, following a 33% normal aggregate returns in 2017.

“By correlation the FTSE EPRA/NAREIT Asia Pacific ex-Japan Index declined 3% and the iEdge S-REIT Index declined 4% in 2018 YTD,” SGX disclosed to demonstrate the quality of the REITs.

MCT saw the most astounding aggregate return YTD of 6.3%, trailed by MLT (- 2.5%), MIT (- 3.3%), and MNACT (- 5.4%).

Since their IPOs, MIT saw the most astounding normal annualized add up to returns of 16.6%, trailed by MCT (14.9%), MLT (12%), and MNACT (9.8%), SGX uncovered.

“Mapletree Investments was set up in December 2000 to hold non-port properties exchanged from PSA Corporation to Temasek Holdings,” SGX noted. “Since joining Mapletree in 2003 as Group CEO, Hiew Yoon Khong has driven the gathering from a Singapore-driven land organization worth $2.3b to a worldwide organization with aggregate resources under administration of more than $46b.”

Conclusion :

We can see 1.5 % growth in Singapore GDP and as it is one of the costly city in the world , there is a need to increase in per capita income and export too.

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7Dec

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 flat on Thursday after the arrest of a top executive at China-based Huawei Technologies sparked worries that it could reignite the U.S.-Sino trade dispute. Comex gold futures for February delivery inched up 0.04% to $1,243.05 a troy ounce as of 8:52 AM ET (13:52 GMT). Market sentiment was on edge after Meng Wanzhou, the chief financial officer at smartphone company Huawei was arrested in Canada on an an extradition request by the U.S. The U.S. has been investigating whether or not she violated sanctions against Iran.
  • OPEC tentatively agreed an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said. Russian Energy Minister Alexander Novak flew home from Vienna earlier for talks with President Vladimir Putin in St Petersburg.
  • The Trump administration is expected on Thursday to roll back an Obama-era rule that requires new coal plants to capture their carbon emissions, a move that could crack open the door in coming years for new plants fired by the fossil fuel. The Environmental Protection Agency (EPA) will make an “energy policy announcement” at 1:30 p.m. EST (1830 GMT) on Thursday.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Remainers were jubilant when an adviser to the European Union’s top court said the U.K. should be able to change its mind about Brexit. But the opinion of Advocate General Manuel Campos Sanchez-Bordona is non-binding on the EU’s Court of Justice — meaning judges can decide for themselves as they prepare to issue a landmark ruling on whether Britain could unilaterally revoke the “Article 50” letter that started the clock ticking on Brexit.
  • China and India may be talking about improving their trade relationship but there is little action to go with the words. According to Indian government officials and representatives of various Indian trade bodies, progress is very slow – and may even be getting slower after last weekend’s truce between the United States and China in their trade war. Both India and China have sought to rebuild trust after a armed standoff over a stretch of the Himalayan border last year.
  • Britain will suspend its top tier investor visas, which require 2 million pounds ($2.55 million) in investment, as part of a drive to crack down on organized crime and money laundering. From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, the wealthy have flocked to London over the past two decades, snapping up everything from opulent homes to soccer clubs.

7dec5

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4Dec

Singapore Market :KKR Funds $366m in Singapore Investor Ron Sim’s V3 Group

Singapore Market :
Worldwide private value firm KKR has reported that it will contribute up to S$500 million ($366.3 million) in Singapore-based claim to fame retailer V3 Group, it said in an announcement on Tuesday. The arrangement will see KKR getting a noteworthy stake in V3 at an endeavor estimation of about S$1.7 billion ($1.25 billion). The PE firm included that the venture is made by means of its third Asia-centered vehicle which was shut a year ago at $9.3 billion. “I am certain this speculation will position the organization for our next period of development, beginning with the prompt extension of TWG Tea in Japan and the USA and of OSIM in China,” said originator, official executive and CEO of V3, Ron Sim.

Headquartered in Singapore and established by Sim in 1980, V3 possesses and creates premium items and administrations through its extravagance and wellbeing brands including OSIM, TWG Tea and ONI (GNC, LAC, Xndo) crosswise over Asia. It likewise possesses Futuristic Store Fixtures. The organization professes to have a profound comprehension of the buyer market and retailing, flaunting a nearness in more than 100 urban areas crosswise over 26 nations. In October, a Bloomberg report stated, Sim has racked plans to list V3 in Hong Kong in the midst of extraordinary unpredictability and shortcoming in the worldwide securities exchange. The Singaporean business visionary and head honcho is best known for establishing Osim International Ltd, which he took private in 2016 from the Singapore Exchange. Remarking on the arrangement, KKR part Jaka Prasetya stated: “V3 is a milestone venture for KKR in a main extravagance assemble in Asia, underscoring our solid faith in the proceeded with development of the district’s shopper segment. At KKR, we mean to offer help and funding to effective home-developed, territorial organizations like V3 with the end goal to catch openings crosswise over Asia and past.” Beyond customer, the PE firm has been bullish about the tech part in Asia. Inside Southeast Asia, KKR alongside Tencent Holdings have as of late put $175 million into Philippine fintech firm Voyager Innovations – the greatest speculation made to date into aa Philippine tech organization. In October, the PE firm put $144 million into Singapore-based property entryway PropertyGuru’s Series D round. Elswhere in Asia, KKR has made a takover offer to Australian bookkeeping programming supplier MYOB Group at AS3.77 per share, esteeming the organization at A$2.23 billion ($1.61 billion). On the off chance that the offer is fruitful, it would happen to of KKR’s greatest purchase in Down Under.

In China, it put resources into Beijing Bytedance Technology through convertible bonds. In September, KKR had set up a social insurance stage called SinoCare to support its quality in the Chinese medicinal services segment. KKR’s arrangement for Asia does not stop at its record-breaking $9.3 billion Asian Fund III. As per a report by Mint, the New York-based firm is adapting to raise between $1.5 billion and $2 billion for its lady Asia-centered framework finance. Generally, PE firms have been getting progressively dynamic in Asia and raising greater Asia-concentrated vehicles to twofold down on the district. Hong Kong-based PAG declared a month ago that it had shut a $6 billion Asia finance while Hillhouse Capital had assembled a record $10.6 billion, assuming control over KKR’s $9.3 billion Asian Fund III. It was accounted for that Bain Capital will hold a first and only close for its $3.5 billion Asia-centered store this month. While Hong Kong-based Baring Private Equity Asia is likewise focusing to raise up to $6 billion for its seventh vehicle, having as of late hit the primary close at $4.5 billion. This entryway had first revealed CVC Capital Partners is focusing to raise $4 billion to $5 billion for its fifth Asia subsidize and is hoping to hit the main near to the principal quarter of 2019.

4Dec

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide. Doha, one of OPEC’s smallest oil producers but the world’s biggest liquefied China will need to drop its steep tariffs imposed on a range of American farm products earlier this year before it can fulfill its pledge to buy a “very substantial” amount of U.S. goods, said Chinese traders on Monday. China and the United States agreed on Saturday to refrain from setting additional tariffs that would further escalate a months-long trade war that has roiled global markets and halted sales of American soybeans to the world’s top buyer. natural gas (LNG) exporter, is embroiled in a protracted diplomatic row with Saudi Arabia and some other Arab states.
  • Champions of coal say the superabundant fossil fuel can be made environmentally friendlier by refining it with chemicals – a “clean coal” technology backed by a billion dollars in U.S. government tax subsidies annually. But refined coal has a dirty secret. It regularly fails to deliver on its environmental promises, as electric giant Duke Energy Corp (NYSE:DUK) found. Duke began using refined coal at two of its North Carolina power plants in August 2012.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Federal Reserve vice chairman Randal Quarles said the Fed’s increasing “data dependence” does not mean it will react to every change, but only to “significant changes in direction.” After a week in which markets have swung in their interpretation of where the Fed is heading, Quarles said in remarks in New York that “we should be data dependent but not reacting to every wavering of the needle across the dial…We have described in all the communications tools a path that is pretty clear.”
  • The Bank of Canada will next raise interest rates early next year, according to a strong majority of economists polled by Reuters who still say two more rate rises will follow by end-2019. As recently as late October there was a minority view that a rate rise might come in December. But a huge plunge in the price of oil – Canada’s main export – along with evidence of household budget strain has largely erased those expectations.
  • China was the driving force by a 30 percent leap in global trademark applications in 2017 as innovation turns into the main battleground among competing world economies, the U.N. World Intellectual Property Organization said on Monday. Figures issued by WIPO showed trademark applications hit 9.11 million last year while patent applications rose 5.8 percent to 3.2 million, with 2018 data showing the trend was continuing, WIPO Director General Francis Gurry told a news conference. Asia now accounted for 65.1 percent of patent applications, 66.6 percent of trademark applications, and 67.9 percent of design applications.

COMEX GOLD SIGNAL

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30Nov

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 edged higher for the second consecutive session on Thursday and is currently placed at the top end of its weekly trading range, around the $1227-28 region. The Fed Chair Jerome Powell’s comments that rates are just below the neutral level now triggered a broad-based US Dollar weakness and prompted some short-covering trade around the dollar denominated commodity.
  • Global temperatures are on course for a 3-5 degrees Celsius (5.4-9.0 degrees Fahrenheit) rise this century, far overshooting a global target of limiting the increase to 2C (3.6F) or less, the U.N. World Meteorological Organization said on Thursday. “Greenhouse gas concentrations are once again at record levels and if the current trend continues we may see temperature increases 3-5 degrees C by the end of the century,” Secretary-General Petteri Taalas said in the WMO’s annual statement on the state of the climate.
  • Oil prices erased an earlier decline that took U.S. crude below $50 for the first time in more than a year and jumped on reports that Russia recognized the need for major producers to cut production. New York-traded West Texas Intermediate crude futures rose 98 cents, or 1.98%, at $51.27 a barrel by 9:35 AM ET (14:35 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded up 71 cents, or 1.20%, to $59.80.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • U.S. stocks opened lower on Thursday as investors took a cautious stance in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was “a long way to go” on tariffs with Beijing. The Dow Jones Industrial Average (DJI) fell 22.78 points, or 0.09 percent, at the open to 25,343.65. The S&P 500 (SPX) opened lower by 6.82 points, or 0.25 percent, at 2,736.97. The Nasdaq Composite (IXIC) dropped 24.22 points, or 0.33 percent, to 7,267.37 at the opening bell.
  • The euro zone bank sector is prepared for a hard Brexit and the Bank of England is right to warn of a deep recession if Britain leaves the bloc without a deal, European Central Bank Vice President Luis de Guindos said on Thursday. The BoE said on Wednesday that the British economy could shrink by as much as 8 percent in about a year in case of a no-deal Brexit, adding to pressure on lawmakers to drop their opposition to the Brexit agreement that Prime Minister Theresa May struck.
  • China is hoping for “positive results” in resolving a trade dispute with the United States at a G20 summit in Argentina, the commerce ministry said on Thursday, ahead of a closely watched meeting of Chinese and U.S. leaders. U.S. President Donald Trump and Chinese President Xi Jinping are due to hold trade discussions on the sidelines of the G20 summit in Buenos Aires on Saturday.

COMEX GOLD SIGNAL

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