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.

8Jul
comex1

Comex Commodity Trading Signals and Market News – 08 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded in Asia on Tuesday as bargain hunters snapped up the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,318.70 a troy ounce, up 0.13%, after hitting an overnight session low of $1,312.50 and off a high of $1,321.70.

Silver for September delivery rose 0.11% at $21.038 a troy ounce. Copper futures for September delivery were down 0.18% at $3.253 a pound.

Crude oil prices eased in Asia on Tuesday as the global supply situation looked ample with events in Libya and Iraq off the boil for now. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $103.42 a barrel, down 0.11%, after hitting an overnight session low of $103.21 a barrel and a high of $104.08 a barrel.

Brent oil on the ICE futures exchange fel 0.4%, to $110.24 a barrel on Monday, down for six-straight sessions in the longest losing streak since April 2013.

Natural gas futures fell on Monday on concerns that this week’s supply report will show soft demand for the commodity, while a reprieve from a heat wave also pressured prices lower. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.209 per million British thermal units during U.S. trading, down 3.63%. The commodity hit a session high of $4.355 and a low of $4.201. The August contract settled up 1.12% on Thursday to end at $4.406 per million British thermal units. Markets were closed on Friday for the U.S. Independence Day holiday.

Base metals trading was slow this Tuesday, with the complex mostly in sideways trading on thin volume in the absence of data drivers and cautious on event risks. Copper at $7,117 per tonne is $18 down from Monday’s close. Less than 1,000 contracts have changed hands so far and prices have slid to a low of $7,110 this morning. Aluminium at $1,919 is down $6; stocks declined 10,700 tonnes to 5,038,525 tonnes, the lowest since October 2012, while cancelled warrants fell 9,175 tonnes to 2,965,600 tonnes. Zinc , which had jumped to 33-month highs last week of $2,270.25, held below those levels – it concluded at $2,263 on Monday and is now $5 lower at $2,258 per tonne. Stocks fell 1,000 tonnes to 663,650 tonnes, the lowest since December 2010. Lead lost $8 to $2,185 with no changes in stocks. Nickel declined $70 to $19,251 while Tin at $22,645 is down $30; concerns are up over the upcoming presidential elections in Indonesia as traders are cautious over the possibility of change to the ore export ban, ANZ Banks said in its report.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 109.90. If it breaks the level of 109.46, it can touch the level of 108.96 & 108.26 respectively. If it sustain above the level of 111.27, it can touch the level of 111.77, 112.47 respectively.

  • SELL BRENTCRUDEOIL-NYMEX BELOW 109.46 TGTS 108.96, 108.26 SL 110.01.
  • BUY BRENTCRUDEOIL-NYMEX ABOVE 111.27 TGTS 111.77, 112.47 SL 110.72.

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.