S&P Market News Update

U.S. stocks rallied into the close for the second-straight session on Tuesday, sending Dow industrials rocketing more than 300 points, as equities kept pace with surging crude-oil prices.

The S&P 500 SPX, +1.44%  closed 29.15 points, or 1.4%, higher at 2,050, with broad-based gains across all sectors. But energy stocks were the stars in Tuesdays trading, boosted by a big jump in oil prices. The mood on Wall Street was optimistic with cyclical stocks outperforming defensive sectors. Small-cap stocks rallied, with Russell 2,000 RUT, +1.83%   gaining 1.8% to 1,196.97.

IForex Signal Update

‪#‎Forex‬ Recommendation of 04 FEB. 2015

✔ We Hit The First Target ✔

■■ Buy GBP/USD Above 1.5129-TG: 1.5151/1.5179 SL 1.5099

SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.4990 during European morning trade, the pair’s lowest since January 30; the pair subsequently consolidated at 1.5018, slipping 0.17%.U.K. construction purchasing managers’ index increased to 59.1 last month from a reading of 57.6 in December. Economists had expected the index to dip to 57.0 in January.The data came a day after Markit said that its U.K. manufacturing PMI rose to 53.0 last month from a reading of 52.5 in December. However, commenting on the report, Rob Dobson, senior economist at survey compiler Markit, said that “at this rate, the sector will provide little meaningful boost to the economy in the first quarter. “Meanwhile, sentiment on the dollar remained vulnerable after data on Monday showed that U.S. consumer spending fell at the fastest rate since September 2009 in December, dropping 0.3% as households saved on cheaper gasoline prices.

INTRADAY OUTLOOK

Support: 1.5037

Resistance: 1.5127

RECOMMENDATION:

1. Buy GBP/USD Above 1.5129-TG: 1.5149/1.5179 SL 1.5099

2. Sell GBP/USD Below 1.5035-TG: 1.5015/1.4985 SL 1.5065

INTRADAY OUTLOOK

Immediate Support: 1.1292

Immediate Resistance: 1.1382

RECOMMENDATION:

1. Buy EUR/USD Above -1.1384 TG: 1.1404/1.1434 SL 1.1354

2. Sell EUR/USD Below -1.1290 TG:1.1270/1.1240 SL 1.1320