Todays SGX Recommendation
✔ We Hit The First Target
■■ BUY EZION HOLDING AT CMP 1.165 TARGET 1.195, 1.225, 1.275 SL 1.115
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices eased on Friday as investors looked ahead to U.S. jobs data as a sign post for the Federal Reserve to hike interest rates as expected sometime in the middle of this year.Non-farm payrolls are seen posting 240,000 jobs in December and the unemployment rate is expected to edge down to 5.7% from 5.8%.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery was steady to weaker, hovering around at $1,207.80 a troy ounce.Overnight, gold turned higher on Thursday, after data showed that the number of people who filed for unemployment assistance in the U.S. last week fell less than expected.Gold moved into positive territory after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week decreased by 4,000 to 294,000 from the previous week’s total of 298,000.
TRADING STRATEGY :
BUY GOLD ABOVE 1216.5 TARGET 1221.5 1227.5 SL 1210.5
SELL GOLD BELOW 1208 TARGET 1203 1197 SL 1214
Gold prices eased on Friday as investors looked ahead to U.S. jobs data as a sign post for the Federal Reserve to hike interest rates as expected sometime in the middle of this year.Non-farm payrolls are seen posting 240,000 jobs in December and the unemployment rate is expected to edge down to 5.7% from 5.8%.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery was steady to weaker, hovering around at $1,207.80 a troy ounce.Overnight, gold turned higher on Thursday, after data showed that the number of people who filed for unemployment assistance in the U.S. last week fell less than expected.Gold moved into positive territory after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week decreased by 4,000 to 294,000 from the previous week’s total of 298,000.
TRADING STRATEGY :
BUY GOLD ABOVE 1216.5 TARGET 1221.5 1227.5 SL 1210.5
SELL GOLD BELOW 1208 TARGET 1203 1197 SL 1214
SGX IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.5034 during European morning trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.5056, declining 0.36%.Cable was likely to find support at 1.4812 and resistance at 1.5156, Wednesday’s high.The dollar continued to be underpinned after a report on Wednesday showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December. The upbeat data boosted the outlook for the U.S. recovery and raised expectations for a strong reading of the government nonfarm payrolls due on Friday. On Wednesday, the minutes of the Federal Reserve’s December meeting did little to alter expectations that U.S. interest rates will start to rise later this year.
INTRADAY OUTLOOK
Support: 1.5033
Resistance: 1.5091
RECOMMENDATION:
1. Buy GBP/USD Above 1.5093-TG: 1.5113/1.5143 SL 1.5063
2. Sell GBP/USD Below 1.5030-TG: 1.5010/1.4980 SL 1.5060
INTRADAY OUTLOOK
Immediate Support: 1.1732
Immediate Resistance: 1.1804
RECOMMENDATION:
1. Buy EUR/USD Above -1.1806 TG: 1.1826/1.1856 SL 1.1776
2. Sell EUR/USD Below -1.1730 TG:1.1710/1.1680 SL 1.1760
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