SGX IForex Recommendations

TRADING TIPS :

GBP/USD up 0.28% to 1.5496.during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5509, gaining 0.36%.In a report, the British Bankers’ Association said that mortgage approvals rose by 36,400 in January, beating expectations for an increase of 36,200. December’s figure was revised to a 35,800 gain from a previously estimated rise of 35,700.Meanwhile, the greenback remained under pressure after Fed Chair Yellen said it was “unlikely” that economic conditions would warrant an interest rate increase for “at least the next couple of FOMC meetings”.

INTRADAY OUTLOOK

Support: 1.5450

Resistance: 1.5537

RECOMMENDATION:

1. Buy GBP/USD Above 1.5539-TG: 1.5559/1.5589 SL 1.5509

2. Sell GBP/USD Below 1.5448-TG: 1.5428/1.5398 SL 1.5478

INTRADAY OUTLOOK

Support: 1.1316

Resistance: 1.1393

RECOMMENDATION:

1. Buy EUR/USD Above 1.1395-TG: 1.1415/1.1445 SL 1.1365

2. Sell EUR/USD Below 1.1314-TG: 1.1294/1.1264 SL 1.1284

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +3.22 points higher or +0.09% to 3440.83, taking the year-to-date performance to +2.25%.

• The FTSE ST Mid Cap Index gained +0.70% while the FTSE ST Small Cap Index gained +0.18%. The top active stocks were Genting Singapore (-6.22%), SingTel (+0.47%), CapitaLand (+0.55%), DBS (+0.25%) and Global Logistic (+0.39%).

• The outperforming sectors today were represented by the FTSE ST Industrials Index (+0.78%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+2.66%) and Jardine Strategic Holdings (+0.09%). The underperforming sector was the FTSE ST Consumer Services Index, which declined -1.29% with Jardine Cycle & Carriage’s share price gaining +1.49% and Genting Singapore’s share price declining -6.22%.

• The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.75%), SPDR Gold Shares (+0.93%), DBXT CSI300 ETF (-0.82%).

• The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.78%), CapitaCom Trust (+1.12%), As- cendas REIT (+1.21%).

• The most active index warrants by value today were HSI25000MBeCW150330 (+1.11%), HSI25000MBeCW150429 (+3.47%), HSI24400MBePW150330 (-6.32%).

• The most active stock warrants by value today were OCBC Bk MBeCW150803 (+1.67%), DBS MB eCW150420 (+4.51%), SGX MB eCW150803 (-1.15%).

S&P Market News Update

U.S. stocks ended Wednesday’s choppy session virtually unchanged. But the Dow Jones Industrial Average eked out a small gain to close at a fresh record.

The S&P 500 SPX, -0.08%  closed 1.6 points, or 0.1%, lower at 2,113.86, with half of its 10 main sectors ending lower. Consumer discretionary stocks led the gains, utilities sold off the most.