Comex Signals

3Mar
comex

Comex Trading Signals and Market News – 03 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Wednesday after industry data showing a huge build inU.S. crude stockpiles that were already at record highs.U.S. crude inventories jumped by 9.9 million barrels last week the American Petroleum Institute said after Tuesday’s settlement.That was well above a 3.6-million barrel increase expected by analysts.
  • Gold futures were slightly lower in European trade on Wednesday, as investors looked ahead to key U.S. data later in the day to gauge if the world’s largest economy is strong enough to withstand further rate hikes this year. The U.S. was to release the ADP employment report for February at 13:15GMT, or 8:15AM ET, amid expectations for a gain of 190,000 jobs.
  • Natural Gas futures sank more than 2 per cent during noon trade in the domestic market on Wednesday as investors and speculators shunned the energy commodity as forecasts for above normal temperatures threatened to cut demand for the heating fuel in the world’s biggest fuel consuming nation.Updated weather forecasting models called for the arrival of mild spring weather across parts of the US in the next ten days which may curb demand for gas-fired heating at offices and homes.

ECONOMY NEWS :

  • Parts of Australia’s Great Barrier Reef face permanent destruction if the current El Nino, one of the strongest in two decades, does not ease this month, scientists said on Wednesday.The El Nino is a result of a warming of the ocean in the western Pacific — ideal conditions for coral bleaching, where coral expels living algae, causing it to calcify. Coral can only survive within a narrow band of ocean temperature.
  • Euro zone banks have dealt well with rock bottom interest rates and their biggest problems are not caused by loose monetary policies, a top European Central Bank official said on Wednesday, paving the way for more policy easing next week.Bank earnings may be weak, constraining their ability to generate capital, but many have overcome negative central bank rates and the ECB’s commitment to price stability has actually supported banking profitability, Executive Board member Benoit Coeure said.
  • The Group of 20′s agreement that monetary policy alone cannot lead to balanced growth does not place any restrictions on the Bank of Japan’s ability to expand its negative interest rate policy, an adviser to Japan’s prime minister said on Wednesday.The BOJ should calmly study the impact of its negative rate policy, which came into effect last month, when deciding its next move, Masahiko Shibayama told Reuters in an interview.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1222 TARGET 1217 1211 SL 1228

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

2Mar
gold-bars

Comex Trading Signals and Market News – 02 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural gas futures tumbled by more than 1 per cent during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as fears mounted that demand for the heating fuel may wane with the winter season in the US the world’s biggest fuel consumer fast drawing to a close.
  • Gold futures rose in European trade on Tuesday, with prices re-approaching the highest level in a year amid mounting expectations for further stimulus measures from central banks in Asia and Europe.Weak Chinese manufacturing activity data released earlier underlined concerns over the health of the world’s second largest economy and raised hopes of additional stimulus measures in the near-term to support growth.
  • Oil prices edged higher on Tuesday as falling U.S. and OPEC production tightened an oversupplied market.U.S. government data on Monday showed crude output fell in December for a third straight month.Supply from OPEC has also declined, fallinby 280,000 barrels per day in February to 32.37 million.But weak economic data out of China and the prospect of slowing oil demand growth continued to weigh on prices.

ECONOMY NEWS :

  • Australia’s deputy prime minister on Tuesday urged the country’s A$1.8 trillion ($1.3 trillion) pension fund industry to boost its investment in agriculture as the sector gears up to meet strong demand from Asia.While foreign interest in Australian agriculture has soared, Deputy Prime Minister and Agriculture Minister Barnaby Joyce said it was baffling that local pension funds had just 0.3 percent of their total investment portfolio in the growing sector.
  • Japan’s finance ministry may need to undertake “sporadic intervention” in the currency market to limit the yen’s gains, a senior economic adviser to Prime Minister Shinzo Abe said on Tuesday.Koichi Hamada, an emeritus professor of economics at Yale University, said in an opinion piece for the Japan Times that the yen exchange rate was determined by monetary policy in recent years, and had not been manipulated by intervention.
  • India’s 2016/17 budget unveiled by Finance Minister Arun Jaitley on Monday is “pragmatic” and “balanced,” and its focus on the rural economy and job creation will bring long-term benefits, Reserve Bank of India Deputy Governor S.S. Mundra said.Mundra’s reaction, during an interaction with reporters on Tuesday, marks the first public comment from a senior RBI official on the budget.”It is a pragmatic budget, particularly if you look at the fiscal consolidation road map,” Mundra told reporters on the sidelines of a conference.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1245 TARGET 1250 1256 SL 1239
  • SELL GOLD BELOW 1240 TARGET 1235 1229 SL 1245

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

1Mar
comex

Comex Trading Signals and Market News – 01 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Brent crude futures edged higher on Monday, adding to strong gains last week, on rising hopes the market has bottomed out though analysts warned it would still take a long time to clear a huge global glut. ,Brent futures (LCOc1) were trading at $35.28 per barrel at 1042 GMT (05:42 EST), up 18 cents from their previous close., Since Feb. 11, the last time Brent was below $30, the crude benchmark has risen some 17 percent, although prices are still a fraction of the $115 per barrel seen only 20 months ago.
  • Gold futures pushed higher in European trade on Monday, as sharp declines on China’s stock market drove investors to seek shelter in the safe-haven asset.The Shanghai Composite Index tumbled by more than 4% in early trading to hit levels not seen since late 2014, as China’s central bank guided the yuan to its weakest level in three weeks.
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exited positions in the precious metal after upbeat US economic data signaled strength in the world’s biggest economy despite global headwinds raising the case for the US Federal Reserve to hike interest rates this year after December’s initial lift-off dimming the lure for the bullion as a store of value.

ECONOMY NEWS :

  • The People’s Bank of China eased monetary policy on Monday by cutting the amount of cash that banks must hold as reservesIt was the fifth time since February 2015 that the PBOC cut the Reserve Rate Requirement as it seeks to revive a stumbling economyCutting the RRR will guarantee “ample liquidity” in the financial sector and encourage “appropriate growth” in the credit market the PBOC said.A lower RRR will give Chinese banks the leeway to lower borrowing costs and to make more money available to borrowers.
  • India needs to lower its debt to GDP ratio and materially lower its fiscal deficit for a ratings upgrade, Kyran Curry, S&P director, sovereign ratings in Asia, told Reuters after the federal budget was announced earlier on Monday.The country’s debt to GDP ratio falling to below 60 percent would bring a “clear upside” to the sovereign ratings, Curry said. It currently stands at 67 percent.”We are just seeing continuing a very, very slow pace in its (government’s) consolidation path. And that if anything, delays a ratings rise,” Curry added.
  • Expectations among people in Britain for inflation over the coming year rose to their highest level in five months in    January, according to a survey which followed a pick-up in official inflation data from below zero. The monthly YouGov/Citi survey, published on Monday, found year-ahead inflation expectations rose to 1.5 percent from 1.3 percent in December. Expectations for inflation over the next five to 10 years also rose to 2.9 percent from 2.7 percent, hitting their highest level since October 2014.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1225 TARGET 1220 1214 SL 1231

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

29Feb
gold-bars

Comex Trading Signals and Market News – 29 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold fell sharply on Friday after the Federal Reserve’s preferred gauge for inflation rose by its highest annual percentage in more than three years, augmenting hawkish sentiments for accelerated normalization in the U.S. central bank’s first tightening cycle in nearly a decade.On the Comex division of the New York Mercantile Exchange, gold for April delivery traded in a broad range between $1,212.10 and $1,240.90 an ounce before settling at $1,220.20, down 18.60 or 1.51% on the session.
  • Silver futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the precious metal as San Francisco Fed President John Williams stressed that the Fed should follow a broad policy of gradual interest rate tightening with the number of rate hikes in the current monetary tightening cycle dependent on inflation and other economic data dimming the lure for Silver as a store of value.The focus today will be on the revised US Q4 GDP estimates and consumer spending data.
  • Copper futures fell in the domestic market on Thursday as investors and speculators exited positions in the industrial metal as weak US economic data signaled concerns over copper’s demand outlook.Manufacturing activity in Kansas City shrank in February with the manufacturing gauge falling to -12 this month the lowest since 2009 from -9 in January as a reading below 0 signals contraction.

ECONOMY NEWS :

  • The Federal Reserve, facing the delicate task of explaining how it will forge ahead with rate hikes in a stormy world economy, is wary of again tying its actions to calendar dates but officials want to keep “forward guidance” as an emergency tool. San Francisco Fed President John Williams said on Friday such time-based guidance can be “like a sledgehammer … a powerful tool when it’s needed,” while Fed Vice Chairman Stanley Fischer said it is as close as the U.S. entral bank can get to a cohesive forecast.
  • EU and U.S. negotiators seeking a transatlantic free trade agreement expressed cautious optimism on Friday that they could resolve most issues by July, which could lead to a conclusion of a deal by the end of the year.The two sides are trying to agree on the Transatlantic Trade and Investment Partnership (TTIP), which supporters say could boost each economy by some $100 billion at a time of slowing growth in China and emerging markets.
  • China sought to restore confidence in its economy as financial leaders from G20 nations gathered in Shanghai on Friday, but Germany all but ruled out any coordinated stimulus to counter a deepening global chill.While the health of the world’s second-largest economy, which hosts the G20 presidency this year, is a key talking point around the two-day summit, the threat of the UK leaving the European Union and its political and economic implications have also surfaced as concerns among participants in the meeting.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TARGET 1230 1237 SL 1218
  • SELL GOLD BELOW 1217 TARGET 1212 1204 SL 1222

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

26Feb
gold-bars

Comex Trading Signals and Market News – 26 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Thursday after U.S. inventory data showing stockpiles at another record high last week.U.S. crude stockpiles rose 3.5 million barrels to reach an all-time high above 507 million barrels.Oil prices have fallen almost 70% since June 2014 with global production outstripping demand.
  • Natural Gas futures extended a slump during noon trade in the domestic market on Thursday as investors and speculators remained jittery ahead of the weekly US storage data which may show a below average drop in US gas supplies signaling weak demand for the heating fuel in the world’s biggest gas consuming nation.US gas supplies probably fell by 125 billion cubic feet in the week ended February 19 2016 compared to 158 billion cubic feet in the prior week 220 billion cubic feet in the same week a year ago and a five-year average draw of around 137 billion cubic feet.
  • Gold futures struggled for direction in Europe trade on Thursday, swinging between small gains and losses as investors continued to monitor movements in oil and global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange dipped $1.60, or 0.13%, to trade at $1,237.50 a troy ounce by 09:50GMT, or 4:50AM ET.’

ECONOMY NEWS :

  • Interbank money market rates in China rose noticeably Thursday as small banks rushed to borrow money to meet liquidity demand from a hike in their required reserve ratio with the People’s Bank of China.Last week, the PBOC said that under its dynamic RRR system, banks would see on Thursday what is now a standard yearly adjustment to “normal” levels.
  • Prices for mansions in Houston’s swankiest neighbourhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust. A fancy restaurant offers cut-price dinners.Twenty months into the worst oil price crash since the 1980s, well-heeled residents of the world’s oil capital are among the hardest hit largely because tanking energy firm shares make up much of oil and gas executives’ compensation.
  • A key measure of the market’s longer-term euro zone inflation expectations fell to a record low on Thursday in response to this week’s drop in oil prices.The five-year, five-year euro zone breakeven forward , which is closely watched by the European Central Bank and measures where markets expect inflation forecasts for 2026 to be at the start of 2021, hit a record low below 1.40 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TARGET 12601290 SL 1210
  • SELL GOLD BELOW 1227 TAGRET 1207 1177 SL 1157

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

25Feb
gold-bars

Comex Trading Signals and Market News – 25 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures extended a slide during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity after weather forecasts continued to point to warmer than average weather across parts of the US threatening to curb the demand for the heating fuel in the world’s biggest fuel consuming nation.
  • Silver futures were trading with slim losses during noon trade in the domestic market on Wednesday as investors and speculators shied away from booking fresh positions in the precious metal after a top US Federal Reserve official signaled that it was unclear whether the recent downturn in global financial markets may have a significant impact on the US economy raising speculation that the Fed’s course of tightening interest gradually may not be much affected dimming the lure for the precious metal as a store of value.
  • Gold futures pushed higher in Europe trade on Wednesday, as market players awaited comments from a barrage of Federal Reserve officials later in the session for further clues on the path of future rate hikes.Gold for April delivery on the Comex division of the New York Mercantile Exchange tacked on $4.60, or 0.38%, to trade at $1,227.20 a troy ounce by 09:15GMT, or 4:15AM ET.

ECONOMY NEWS :

  • Australia appointed its first agricultural advisor to its competition regulator on Wednesday as the country seeks to protect farmers who have long complained that profits are squeezed by the country’s dominant supermarkets and processors.Supporting farmers is seen as critical to Australia’s goal of becoming the “delicatessen of Asia” by capitalising on strong Asian demand for high -end produce that has seen the value of the country’s agricultural exports rise to about A$45 billion ($32 billion) last year.
  • Hong Kong rolled out a multi-billion dollar package of sweeteners to bolster its economy on Wednesday, as a slowdown in China and rising political tensions deepen its economic woes.In unusually blunt comments for a budget address, Financial Secretary John Tsang said “political volatility” was threatening to undermine the economy and warned disputes would intensify ahead of legislative elections this year, pitting the city’s democratic opposition against pro-Beijing and pro-establishment political parties. He said the conflicts must be resolved.
  • The “in” camp is ahead by a 12-point lead ahead of a referendum on whether Britain should stay in or withdraw from the European Union, but the gap has narrowed, according to the latest opinion poll.Support for staying in stood at 51 percent, while 39 percent wanted a so-called “Brexit” and 10 percent were undecided, according to the ComRes poll for the Daily Mail.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230 TARGET 1235 1241 SL 1224
  • SELL GOLD BELOW 1122 TAGRET 1117 1111 SL 1128

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH MALAYSIA.

24Feb
gold-bars

Comex Trading Signals and Market News – 24 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were higher in Europe trade on Tuesday, rebounding from the prior session’s losses as the oil price rally that boosted global stock markets fizzled out.gold for April delivery on the Comex division of the New York Mercantile Exchange tacked on $7.90, or 0.65%, to trade at $1,218.00 a troy ounce by 09:10GMT, or 4:10AM ET.
  • Copper futures fell during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal as weak demand from China the world’s biggest metals consumer soured sentiment. Copper stockpiles tracked by the Shanghai Futures Exchange hit a record high 277000 tons more than doubling since the end of August while China weakened the Yuan by the most in six weeks signaling a deepening slowdown in the world’s second biggest economy.
  • Crude oil dipped in Asia on Tuesday ahead of industry estimates of U.S. stockpiles later in the day. The American Petroleum Institute will release estimates of crude and refined product stockpiles in the U.S. last week later Tuesday. On Wednesday, more closely-watched figures from the U.S. Department of Energy are due.

ECONOMY NEWS :

  • The bosses at more than a third of Britain’s biggest companies said on Tuesday leaving the European Union would put the economy at risk, backing Prime Minister David Cameron’s call for Britain to vote to stay in the June referendum.The pound posted its biggest one-day loss in almost six years on Monday on concerns Britain could vote to leave the 28-member bloc, prompting the business leaders to join forces to argue for the economic merits of EU membership.
  • Poland’s ruling Law and Justice party wants central bank chief Marek Belka to move on at the end of his term and stand as the new president of the European Bank for Reconstruction and Development (EBRD), Puls Biznesu newspaper said on Tuesday. The conservative party declined to comment and Belka, who was Poland’s prime minister in the leftists’ government in 2004-2005, was not immediately available to react to the report, which the paper cited to unnamed sources.
  • China’s new securities regulator Liu Shiyu, a former central banker, has a tough job on his hands – not least managing a huge weight of expectation from millions of small investors smarting from a recent stock market collapse. Liu, appointed at the weekend to replace Xiao Gang, the scapegoat of the piece, inherits the fallout from near 50 percent drops in China’s major indexes from peaks in June, blamed on a confluence of mistakes made by multiple regulators.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1122 TARGET 1127 1133 SL 1116
  • SELL GOLD BELOW 1112 TAGRET 1107 1101 SL 1118

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH MALAYSIA.

23Feb
gold-bars

Comex Trading Signals and Market News – 23 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were down sharply in Europe trade on Monday, as the metal’s safe-haven appeal was dented amid a recovery in oil prices and global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange tumbled by as much as $24.90, or 2.02%, to hit an intraday low of $1,205.90, before recovering slightly to $1,209.10 by 09:10GMT, or 4:10AM ET, down $21.70, or 1.76%.
  • Oil prices rose on Monday as a fall in U.S. oil drilling rig numbers lifted the prospect of lower crude production and a bounce in stock markets encouraged buying sentiment.U.S. crude futures (CLc1) rose above $30 a barrel, gaining 95 cents to $30.59 a barrel by 0956 GMT, or 3.2 percent. International benchmark Brent (LCOc1) was up 89 cents at $33.90 a barrel.
  • Natural Gas futures tumbled by over 3 per cent in the domestic market on Friday as investors and speculators exited positions in the energy commodity amidst a weak trend in the overseas market as forecasts calling for less cooler weather in the US Northeast over the next two weeks threatened to curb the demand outlook for the heating fuel in the world’s biggest gas consuming nation.

ECONOMY NEWS :

  • A collapse of Europe’s Schengen passport-free travel zone could cost the European Union up to 1.4 trillion euros over the next decade, a study by Germany’s Bertelsmann Foundation showed on Monday. The study estimated that under a worst case scenario, in which the reintroduction of controls at EU borders pushed import prices up three percent, the costs to the bloc’s largest economy Germany could be as much as 235 billion euros between 2016 and 2025, and those to France up to 244 billion.
  • Australian Prime Minister Malcolm Turnbull introduced a bill on electoral reform on Monday, signalling a potential dissolution of parliament and an early election to break political deadlock.Independent and minor party senators elected at the last election in 2013 have continuously stalled key aspects of the government’s agenda, including changes that would make higher education and health care more expensive and limit access to welfare.
  • China has almost doubled its weapons exports in the past five years, a military think tank said on Monday, as the world’s third-largest weapons exporter pours capital into developing an advanced arms manufacturing industry. In 2011 to 2015, China’s arms imports fell 25 percent compared with the previous five year period, signaling a growing confidence in the country’s homegrown weaponry despite key areas of weakness, the Stockholm International Peace Research Institute (SIPRI) said in a report on global arms transfers.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1216 TARGET 1221 1227 SL 1210
  • SELL GOLD BELOW 1205 TAGRET 1200 1194 SL 1211

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH MALAYSIA.

22Feb
gold-bars

Comex Trading Signals and Market News – 22 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading unchanged in the domestic market during noon trade on Friday as investors and speculators shied away from booking fresh positions in the precious metal amidst a tepid global trend even as a weaker dollar supported the lure for the bullion as an alternative asset.Caution ahead of January US consumer inflation data which may offer some cues over the pace of US monetary tightening also weighed on sentiment.
  • Natural Gas futures fell over 3 per cent in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as warmer than average temperatures across parts of the US curbed the demand for the heating fuel in the world’s biggest gas consuming nation overshadowing a big storage withdrawal.
  • Gold was little changed in European morning hours on Friday, but it still remained supported as concerns over declining oil prices persisted and as investors remained cautious ahead of U.S. inflation data due later in the day. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.20% at $1,223.90.

ECONOMY NEWS :

  • National Australia Bank NAB.AX said on Friday that chief financial officer Craig Drummond has resigned after just about 2-1/2 years in the role.NAB has promoted Gary Lennon, executive general manager finance, as new chief financial officer to replace Drummond who played a key role in helping NAB exit its underperforming and low returning assets in the U.S. and the UK while also leading a A$5.5 billion capital raising last year.
  • Bank of England policymaker Martin Weale has said he would be surprised if Britain’s central bank took as long to hike interest rates as markets expect.Weale’s comments, in a newspaper interview published on Friday, add to signs of unease among BoE policymakers about markets pricing in an interest rate hike only by mid-2019, a view described as unwarranted by Deputy Governor Jon Cunliffe a day earlier.
  • Britain recorded the largest public finances surplus for any January since 2008, while retail sales growth surged at a much faster rate than expected, according to official figures published on Friday. The Office for National Statistics said the January surplus, excluding banks, rose to 11.210 billion pounds from 10.217 billion pounds a year earlier. Still, the surplus was some way short of 12.65 billion pound forecast in a Reuters poll.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TARGET 1245 12275SL 1195
  • SELL GOLD BELOW 1220 TAGRET 1200 1170 SL 1250

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

18Feb
gold-bars

Comex Trading Signals and Market News – 18 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures edged lower in Europe trade on Wednesday, but held above the $1,200-level as market players looked ahead to minutes of the Federal Reserve’s January policy meeting for fresh indications on whether the U.S. central bank will raise interest rates at all this year.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $2.90, or 0.24%, to trade at $1,205.30 by 08:55GMT, or 3:55AM ET.
  • Oil prices extended losses from the prior session in Europe trade on Wednesday, as OPEC members travel to Tehran in an attempt to convince Iran to join an oil production freeze deal.Venezuelan Oil Minister Eulogio Del Pino and Iraqi Oil Minister Adel Abdel Mahdi were to travel to Tehran for talks with their Iranian counterpart Bijan Zanganeh scheduled for 10:30GMT, or 5:30AM ET, in a bid to reach a deal to restrain output and prop up sagging prices.
  • Natural Gas futures were trading higher during noon trade in the domestic market on Wednesday as traders took advantage of cheaper valuations amidst the recent drop in prices of the energy commodity.The fuel has been hit by worries that warmer weather across the US in the coming weeks may curb the demand for the heating fuel in the world’s biggest gas consuming nation.

ECONOMY NEWS :

  • Chinese policymakers emerged from the Lunar New Year hiatus with one collective message for nervous investors at home and abroad – Beijing will put a floor under the slowing economy, keep its currency steady and ensure employment remains stable even as bloated industries undergo restructuring.The string of assurances comes ahead of two high-profile political events for China: a meeting of G20 finance chiefs in Shanghai later this month and next month’s annual gathering of China’s legislature – where the next five-year economic development plan will be finalised.
  • India’s top court has asked the central bank to provide the names of corporate loan defaulters with outstanding debt of at least 5 billion rupees ($73.11 million), as well as details of restructured assets.The Reserve Bank of India would need to provide the information within two months, though it could keep details under “sealed cover”, a directive from the Supreme Court said.
  • Financial markets that predicted eight of the last six recessions may be yet be wrong again, but market stress itself is now part of the calculus and leaves the world more open to left-field shocks.Given the violence of this year’s slump in equities, where more than $8 trillion has been wiped off global stock market values, it is remarkable how few economists still see recession as the most likely outcome.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1205 TARGET 1210 1216 SL 1199
  • SELL GOLD BELOW 1098 TAGRET 1093 1087 SL 1104

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

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