SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices rebounded slightly in Asia on Tuesday mainly on improved physical demand and shrugging off data from China that suggested further monetary easing ahead.China said full year growth rose 7.4% in 2014, the slowest pace in 24 years, but quarterly data beat expectations.China’s fourth quarter GDP rose 7.3%, industrial production gained 7.9% in December and and retail sales increased 11.9%, all beating expectations. Economists expected the government to report that the economy expanded 7.2% year-on-year in the final three months of last year, down on the third quart

TRADING STRATEGY :

BUY GOLD ABOVE 1282 TARGET 1287 1293 SL 1276
SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1277

SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5234 during European morning trade, the session high; the pair subsequently consolidated at 1.5177, adding 0.18%.The dollar remained broadly supported after the Swiss National Bank abandoned its three- year old 1.20 per euro exchange rate cap in a shock move last Thursday.In addition, the University of Michigan said, in a preliminary report on Friday, that its consumer sentiment index rose to a 11-year high of 98.2 this month from 93.6 in December, compared to expectations for a rise to 94.1.The pound had come under pressure last week after data showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November.The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

INTRADAY OUTLOOK

Support: 1.5052

Resistance: 1.5101

RECOMMENDATION:

1. Buy GBP/USD Above 1.5103-TG: 1.5123/1.5153 SL 1.5073

2. Sell GBP/USD Below 1.5050-TG: 1.5020/1.4990 SL 1.5080

INTRADAY OUTLOOK

Immediate Support: 1.1548

Immediate Resistance: 1.1620

RECOMMENDATION:

1. Buy EUR/USD Above -1.1622 TG: 1.1642/1.1672 SL 1.1592

2. Sell EUR/USD Below -1.1546 TG:1.1526/1.1496 SL 1.1576

SGX Stock Recommendations

MARKET UPDATES :

• THE Singapore economy, as a net importer of oil, stands to benefit from lower global oil prices, said Trade and Industry Minister Lim Hng Kiang in Parliament on Monday.A drop in oil prices will translate into lower electricity tariffs and fuel costs, which will directly benefit businesses and consumers, he said in response to queries by several MPs on the impact of the decline in oil prices in Singapore.Global oil prices have fallen sharply in recent months on the back of sluggish global demand and strong supply conditions. Since June 2014, the benchmark Brent oil price has declined from a peak of US$115 per barrel to around US$50 per barrel recently.

• SINGAPOREANS are one step closer to access to universal health coverage as Parliament on Monday tabled the MediShield Life Scheme Bill, which provides for its implementation and administration.The Bill sets out the coverage and benefits, establishment of the MediShield Life Council, access to information, recovery of premiums, and offences and penalties. In terms of coverage and benefits, the Bill allows deduction of Medisave monies for premium payments. For those below the age of 21, the premiums will be paid by their parents or legal guardians, if they do not have sufficient Medisave fund.

• KEPPEL Reit has posted distribution per unit (DPU) of 1.51 Singapore cents for the fourth quarter ended Dec 31, 2014, down from 1.97 cents in the same year-ago period.Net property income eased 8.3 per cent to S$34.25 million – due mainly to the absence of contribution from Prudential Tower.The trust completed the divestment of its 92.8 per cent interest in Prudential Tower in September 2014. It also completed the acquisition of a one-third interest in Marina Bay Financial Centre Tower 3 on Dec 16, 2014.Keppel Reit’s net asset value per unit stood at S$1.41 as at Dec 31, 2014, one cent higher than a year earlier.

• THE Singapore Exchange (SGX) will make a long-awaited change today to cut the size of its minimum trading unit – known as a standard board lot – from 1,000 to 100 shares.