14Jul
comex1

Comex Commodity Trading Signals and Market News – 14 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures came off earlier highs and dipped into negative territory on Friday though the commodity remain stable on fears that financial woes at Portugal’s largest bank may signify the euro zone periphery may be facing financial troubles anew. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,337.00 a troy ounce during U.S. trading, down 0.16%, up from a session low of $1,334.90 and off a high of $1,340.30. The August contract settled up 1.13% at $1,339.20 on Thursday.

Silver for September delivery was down 0.19% at $21.468 a troy ounce, while copper futures for September delivery were up 0.07% at $3.269 a pound.

Crude futures dropped on Friday as investors continued to unwind positions that priced in conflict-related supply disruptions in Libya and Iraq that never materialized. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.00 a barrel during U.S. trading, down 1.88%. New York-traded oil futures hit a session low of $100.62 a barrel and a high of $102.92 a barrel. The August contract settled up 0.63% at $102.93 a barrel on Thursday.

Natural gas futures bounced back from six-month lows on Friday after bargain hunters snapped up nicely-priced positions in the commodity and reversed losses stemming from Thursday’s bearish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.138 per million British thermal units during U.S. trading, up 0.44%. The commodity hit a session high of $4.158 and a low of $4.107. The August contract settled down 1.20% on Thursday to end at $4.120 per million British thermal units.

Base metals were in consolidation mode in Friday’s LME premarket on a lack of impetus. Conditions were thin – fewer than 4,000 lots of copper have changed hands on Select so far. Copper was last at $7,141 per tonne, down $21 on Thursday’s close. Stocks were up 375 tonnes to 158,475 tonnes – again due to material arriving in Busan. Cancellations at the Korean port also climbed 850 tonnes to 2,375 tonnes. Aluminium was $5 higher at $1,930, with stocks 9,450 tonnes lower at 5,005,900 tonnes and cancelled warrants 1,425 tonnes higher at 2,949,250 tonnes. Tin was trading around two-week lows at $21,950 – stocks increased 30 tonnes to 11,575 tonnes. Nickel has been bumpy, reflecting political developments in Indonesia. It was last at $19,290, up $40, after stocks fell 60 tonnes to 307,350 tonnes although cancelled warrants dropped 2,646 tonnes to 104,352 tonnes. Lead at $2,196 was up $7 – stocks and cancelled warrants both down 225 tonnes at 213,375 tonnes and 11,375 tonnes respectively – while zinc at $2,285 was up $14 after stocks fell 1,050 tonnes to 660,800 tonnes and cancelled warrants jumped 4,950 tonnes to 62,850 tonnes.

• The ICE Futures Exchange in London, Brent oil futures for August delivery were down 1.82% and trading at US$106.701 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$5.70 a barrel.

TRADING STRATEGY :

SILVER-COMEX has closed @ 21.41. If it sustain above the level of 21.46, it can touch the level of 21.61 & 21.81 respectively. If it breaks the level of 21.13, it can touch the level of 20.98, 20.78 respectively.

  • BUY SILVER-COMEX ABOVE 21.46 TGTS 21.61, 21.81 SL 21.27.
  • SELL SILVER-COMEX BELOW 21.13 TGTS 20.98, 20.78 SL 21.32.

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

14Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 14 July 2014

TRADING TIPS :

  • Forex – Dollar flat in quiet trading
  • Forex – USD/CAD firms on soft Canadian jobs report
  • Forex – EUR/USD edges lower in quiet trading

USD/CAD
USD/CAD was up 0.62% at 1.0716, up from a session low of 1.0631 and off a high of 1.0723. The pair was likely to find support at 1.0631, the session low, and resistance at 1.0752, the high from June 25. Official data released earlier revealed that the number of employed people in Canada declined by 9,400 in June, defying expectations for a 20,000 rise after an increase of 25,800 in May.

EUR/USD
EUR/USD was down 0.05% at 1.3601, up from a session low of 1.3592 and off a high of 1.3624. The pair was likely to find support at 1.3589, Thursday’s low, and resistance at 1.3651, Thursday’s high. Disappointing euro zone factory data released Thursday continued to water down the euro on Friday.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7120- TG: 1.7140/ 1.7170 SL 1.7090
2. Sell GBP/USD Below 1.7100- TG: 1.7080/ 1.7050 SL 1.7130

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

11Jul
comex1

Comex Commodity Trading Signals and Market News – 11 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Friday, retracing overnight gains made on concerns about southern European banks. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,337.40 a troy ounce, down 0.13%, after hitting an overnight session low of $1,325.40 and off a high of $1,346.10.

Silver for September delivery fell 0.07% at $21.493 a troy ounce. Copper futures for September delivery rose 0.09% at $3.273 a pound.

Crude oil prices fell in Asia on Friday on profit taking after mild gains in the U.S. session. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $102.76 barrel, down 0.17%,after hitting an overnight session low of $101.55 a barrel and a high of $103.00 a barrel.

Brent oil for August delivery on the ICE Futures Europe exchange gained 0.4% to $108.67 a barrel on Thursday, snapping an eight-day losing streak. It was the largest one-day dollar and percentage gain in three weeks.

Natural gas futures fell to six-month lows on Thursday after official data revealed U.S. stockpiles rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.118 per million British thermal units during U.S. trading, down 1.26%. The commodity hit a session high of $4.189 and a low of $4.117. The August contract settled down 0.81% on Wednesday to end at $4.170 per million British thermal units.

Base metals were mixed this Friday’s Asian trade, while a combination of factors affecting the market cause investors to adopt a wait-and-see approach. Copper is just $5 higher from Thursday’s kerb close at $7,167 per tonne. Warehouse stocks arrested a mini-run of increases – there was a net 975-tonne decline to 158,100 tonnes – with no metal warranted in Busan today. Aluminium remains flat at $1,925, while zinc gained $5 to $2,276, with stocks declining 675 tonnes to 661,850 tonnes, the lowest since December 2010 again. Lead is $3 lower at $2,186 with stocks unchanged for the fifth day in a row at 213,600 tonnes. Nickel is up $90 at $19,340, and Tin at $22,144 is up $119 from yesterday’s $22,050.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 102.84. If it sustain above the level of 103.22, it can touch the level of 103.72 & 104.42 respectively. If it breaks the level of 102.02, it can touch the level of 101.52, 100.82 respectively.

  • BUY CRUDEOIL-NYMEX ABOVE 103.22 TGTS 103.72, 104.42 SL 102.67.
  • SELL CRUDEOIL-NYMEX BELOW 102.02 TGTS 101.52, 100.82 SL 102.57.

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

11Jul
forex-trading-tips

IForex Market Trading Signals and News of 11 July 2014

TRADING TIPS :

  • Forex – USD/CAD higher in risk-off trade
  • Forex – Pound steady near session lows after BoE holds
  • Forex – Euro hits session lows against dollar, yen

USD/CAD
USD/CAD was up 0.19% to 1.0671 from 1.0648 late Wednesday.The pair was likely to find support at 1.0630,Monday’s low and an almost six-month trough and resistance at 1.0695.Concerns over the financial health of Portugal’s largest lender sent European equities markets lower on Thursday, while futures pointed to a lower open on Wall Street.

EURO/USD
EUR/USD was down 0.28% to session lows of 1.3602.The pair was likely to find support at 1.3585, Wednesday’s low and resistance at 1.3650, the session high.Portugal’s stock exchange, the PSI 20 fell sharply on Thursday, amid fears over the health of the country’s largest bank, Banco Espirito Santo (LISBON:BES). Shares in the bank were suspended on Thursday after tumbling 17%.Bank shares across the euro zone came under pressure amid renewed concerns over the stability of the financial sector.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7130- TG: 1.7150/ 1.7180 SL 1.7100
2. Sell GBP/USD Below 1.7110- TG: 1.7090/ 1.7060 SL 1.7140

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

11Jul
klse 11 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 11 July 2014

MARKET UPDATES :

  • Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent, the first in three years and a move widely anticipated by the market. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 3.00 per cent and 3.50 per cent respectively.
  • Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent as widely anticipated by the market. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 3.00 per cent and 3.50 per cent respectively.
  • The Malaysian rubber market closed lower today on the back of a strengthening ringgit against the US dollar. the performance was also in sync with the benchmark Tokyo Commodity Exchange.
  • Bursa Malaysia ended the day higher on continued buying interest,At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed 1.46 points higher at 1,892.62, after hovering between 1,889.19 and 1,893.19, throughout the trading day.

STOCK RECOMMENDATION :

BUY OSK HOLDING BHD ABOVE 2.28 TG 2.33,2.36 SL 2.25

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

10Jul
comex1

Comex Commodity Trading Signals and Market News – 10 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Thursday as the dollar lost ground on expectations for continued low rates in the U.S. even after the Federal Reserve ends its asset-purchase program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,327.70 a troy ounce, up 0.26%, after hitting an overnight session low of $1,318.90 and off a high of $1,328.30.

Silver for September delivery was up 0.37% at $21.145 a troy ounce. Copper futures for September delivery were down 0.05% at $3.252 a pound.

Crude oil prices fell in Asia on Thursday as ample global supplies outweighed a sharper that expected drop in U.S. crude stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.87 a barrel, down 0.42%, after hitting an overnight session low of $102.11 a barrel and a high of $103.59 a barrel.

Brent oil prices fell 66 cents to $108.28 a barrel on the ICE Futures Europe exchange.

Natural gas futures came off session lows in Wednesday trading as investors weighed below-normal temperatures across the eastern U.S. and uncertainty over Thursday’s weekly supply report. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.215 per million British thermal units during U.S. trading, up 0.26%. The commodity hit a session high of $4.229 and a low of $4.168. The August contract settled down 0.50% on Tuesday to end at $4.204 per million British thermal units.

• Fund activity helped to push metal prices higher during Tuesday morning pre-market sessions, with CTA buying propelling nickel, aluminium and zinc, while copper also resumed it’s increase. The copper price at $7,175 was up $19.50 on the previous day’s close, while stocks were down a net 1,300 tonnes to 158,050 tonnes and cancelled warrants fell 1,925 tonnes to 31,075 tonnes. The zinc price remains strong – it last traded at $2,279, an increase of $16 and the highest since August 2011 as it finds ongoing support from fund activity. The lead price at $2,198 was up $6 – although it had earlier peaked at $2,203 – stocks were unchanged again. Tin at $22,674 was down $1, as stocks were up 25 tonnes to 11,850 tonnes. Nickel prices continue to find support from the Indonesian export ban uncertainty. The Indonesian government is set to hold presidential elections tomorrow, which will have ramifications for the ban on ore exports. Last at $19,531 it was up $221 and stocks fell 114 tonnes to 305,280 tonnes.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1500.75. If it sustain above the level of 1510, it can touch the level of 1518 & 1529 respectively. If it breaks the level of 1493, it can touch the level of 1485, 1474 respectively.

  • BUY PLATINUM-COMEX ABOVE 1510 TGTS 1518, 1529 SL 1500.
  • SELL PLATINUM-COMEX BELOW 1493 TGTS 1485, 1474 SL 1503.

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

10Jul
forex-market-hours

IForex Market Trading Signals and News of 10 July 2014

TRADING TIPS :

  • Forex – USD/CAD dips to session lows after Canadian data
  • Forex – Dollar steady before Fed minutes, NZ dollar at 3-year highs
  • Forex – Pound edges lower against dollar

EUR/USD
EUR/USD rose to one-week highs of 1.3631 before pulling back to trade at 1.3612, unchanged for the day. Investors remained on the sidelines amid concerns that recent U.S. data showing that the labor market is continuing to strengthen will not be enough to prompt the Fed to bring forward its timetable for raising interest rates. Official data late last week showed that the U.S. economy added a larger-than-forecast 288,000 jobs last month, while the unemployment rate ticked down to 6.1%, the lowest in almost six years.

GBP/USD
GBP/USD eased down to 1.7115, holding above Tuesday’s one week lows of 1.7084. Cable was likely to find support at 1.7075 and resistance at 1.7146, Tuesday’s high. Sterling fell to one-week lows before recovering slightly on Tuesday after data showing an unexpected decline in U.K. manufacturing and industrial output indicated that the economic recovery may not be as strong as hoped. The reports prompted investors to sell sterling to lock in gains after the currency rose to six-year highs against the dollar late last week.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7145- TG: 1.7165/ 1.7195 SL 1.7115
2. Sell GBP/USD Below 1.7095- TG: 1.7075/ 1.7045 SL 1.7125

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

10Jul
klse 10th july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 10 July 2014

MARKET UPDATES :

  • Malaysia Airlines (MAS) and American Airlines, both members of the oneworld alliance, have enhanced their current codeshare agreement by adding 260 domestic connecting flights to and from Los Angeles (LAX) and New York (JFK).
  • Maybank Cambodia plc has launched its 17th branch at Ta Khmao, Kandal Province to expand its footprint across the nation and to provide the community with convenient access of banking services.
  • Malaysia Venture Capital Management Bhd (MAVCAP) today announced the appointment of Abdul Rahim Abdul Hamid as its new chairman effective July 1, 2014.
  • Mercedes-Benz Malaysia Sdn Bhd saw its vehicle sales rise 24 per cent year-on-year to 4,536 units for the first six months of the year. The increase was led by passenger vehicles sales of 3,366 units, according to a company statement Yesterday.

STOCK RECOMMENDATION :

  • BUY IHH HEALTHCARE BHD ABOVE 4.61 TG 5.10,5.60 SL 3.90

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

9Jul
gold-bars

Comex Commodity Trading Signals and Market News – 09 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Wednesday as investors continued to see bargains ahead of U.S. Federal Reserve minutes. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1$,320.60 a troy ounce, up 0.31%, after hiting an overnight session low of $1,314.40 and off a high of $1,325.70.

Silver for September delivery was up 0.37% at $21.090 a troy ounce. Copper futures for September delivery were down 0.27% at $3.252 a pound.

Crude prices gained in Asia on Wedneday on bullish weekly industry data on U.S. stockpiles. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $103.46 a barrel, up 0.06%, aftr hitting an overnight session low of $103.02 a barrel and a high of $104.13 a barrel.

Brent oil crude on the ICE future exchange fell $1.30, or 1.2%, to settle at $108.94 a barrel on Tuesday.

Natural gas futures fell on Tuesday after updated weather-forecasting models called for a below-normal temperatures over portions of the eastern U.S., which could prompt households to throttle back on their air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.139 per million British thermal units during U.S. trading, down 2.05%. The commodity hit a session high of $4.233 and a low of $4.131. The August contract settled down 4.11% on Monday to end at $4.225 per million British thermal units.

• Fund activity helped to push metal prices higher during Tuesday morning pre-market sessions, with CTA buying propelling nickel, aluminium and zinc, while copper also resumed it’s increase. The copper price at $7,175 was up $19.50 on the previous day’s close, while stocks were down a net 1,300 tonnes to 158,050 tonnes and cancelled warrants fell 1,925 tonnes to 31,075 tonnes. The zinc price remains strong – it last traded at $2,279, an increase of $16 and the highest since August 2011 as it finds ongoing support from fund activity. The lead price at $2,198 was up $6 – although it had earlier peaked at $2,203 – stocks were unchanged again. Tin at $22,674 was down $1, as stocks were up 25 tonnes to 11,850 tonnes. Nickel prices continue to find support from the Indonesian export ban uncertainty. The Indonesian government is set to hold presidential elections tomorrow, which will have ramifications for the ban on ore exports. Last at $19,531 it was up $221 and stocks fell 114 tonnes to 305,280 tonnes.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2590. If it breaks the level of 3.2480, it can touch the level of 3.2360 & 3.2190 respectively. If it sustain above the level of 3.2830, it can touch the level of 3.2950, 3.3120 respectively.

  • SELL COPPER-COMEX BELOW 3.2480 TGTS 3.2360, 3.2190 SL 3.2610.
  • BUY COPPER-COMEX ABOVE 3.2830 TGTS 3.2950, 3.3120 SL 3.2700.

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

9Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 09 July 2014

TRADING TIPS :

  • Forex – Dollar steady with Fed minutes in focus
  • Forex – Pound hits session lows after UK data
  • Forex – AUD/USD higher, Australian business confidence supports

EUR/USD
EUR/USD edged down to 1.3593, not far from Monday’s lows of 1.3575. The dollar strengthened broadly after a strong U.S. jobs report late last week sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. The U.S. economy added a larger-than-forecast 288,000 jobs last month, while the unemployment rate ticked down to 6.1%, the lowest in almost six years.

AUD/USD
AUD/USD hit 0.9396 during late Asian trade, the pair’s highest since July 3; the pair subsequently consolidated at 0.9389, rising 0.18%. The pair was likely to find support at 0.9330, the low of July 3 and resistance at 0.9441, the high of July 3. In a report, the National Australia Bank said its business confidence index ticked up to 8 in June, from a reading of 7 the previous month. Meanwhile, the greenback remained supported after a strong U.S. jobs report last Thursday sparked speculation that the Fed could bring forward its timetable for raising interest rates.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7150- TG: 1.7170/ 1.7200 SL 1.7120
2. Sell GBP/USD Below 1.7100- TG: 1.7080/ 1.7050 SL 1.7130

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

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