Forex EURUSD Recommendation of 12 - MARCH. - 2015
✔We Hit ALL Target ✔
■■ Sell EUR/USD Below 1.0560-TG: 1.0540/1.0510 SL 1.0590
IForex Signal Update
Forex EURUSD Recommendation of 12 - MARCH. - 2015
✔We Hit ALL Target ✔
■■ Sell EUR/USD Below 1.0560-TG: 1.0540/1.0510 SL 1.0590
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold staged a mild comeback in early Asia on Thursday as normal demand flows in China and India for physical gold were eyed after recent sharp dips. Gold prices for April delivery on the Comex division of the New York Mercantile Exchange rebounded 0.35% to $1,154.50 a troy ounce in Asia. Gold future prices fell for the eighth consecutive day on Wednesday as prices neared a one-year low amid continuing fears of an interest-rate hike by the U.S. Federal Reserve. Gold has been in free fall since last Friday when prices declined more than $30 an ounce, following stronger than expected U.S. employment data in the February jobs report. The creation of 295,000 new U.S. jobs, as well as a 5.5% unemployment rate has heightened concerns that the Fed could raise interest rates by June.
TRADING STRATEGY :
BUY GOLD ABOVE 1159 TARGET 1164 1170 SL 1153
SELL GOLD BELOW 1147 TARGET 1142 1136 SL 1153
Gold staged a mild comeback in early Asia on Thursday as normal demand flows in China and India for physical gold were eyed after recent sharp dips. Gold prices for April delivery on the Comex division of the New York Mercantile Exchange rebounded 0.35% to $1,154.50 a troy ounce in Asia. Gold future prices fell for the eighth consecutive day on Wednesday as prices neared a one-year low amid continuing fears of an interest-rate hike by the U.S. Federal Reserve. Gold has been in free fall since last Friday when prices declined more than $30 an ounce, following stronger than expected U.S. employment data in the February jobs report. The creation of 295,000 new U.S. jobs, as well as a 5.5% unemployment rate has heightened concerns that the Fed could raise interest rates by June.
TRADING STRATEGY :
BUY GOLD ABOVE 1159 TARGET 1164 1170 SL 1153
SELL GOLD BELOW 1147 TARGET 1142 1136 SL 1153
SGX Stock Recommendations
MARKET UPDATES :
- The Straits Times Index (STI) ended -19.67 points lower or -0.58% to 3378.59, taking the year-to-date per- formance to +0.40%.
- The FTSE ST Mid Cap Index declined -0.80% while the FTSE ST Small Cap Index declined -0.76%. The top ac- tive stocks were SingTel (-0.24%), Noble (-1.60%), DBS (-0.66%), UOB (-0.70%) and Keppel Corp (unchanged).
- The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.12%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (unchanged) and Hyflux (+0.58%). The underper- forming sector was the FTSE ST Technology Index, which declined -2.11% with Silverlake Axis’ share price de- clining -2.40% and STATS ChipPAC’s share price declining -1.01%.
- The three most active Exchange Traded Funds (ETFs) by value today were the DBXT IBOXX Singapore ETF (- 1.31%), SPDR Gold Shares (+0.28%), DBXT FTSE Vietnam ETF (unchanged).
- The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-3.18%), CapitaCom Trust (-1.15%), CapitaMall Trust (-0.48%).
- The most active index warrants by value today were HSI25000MBeCW150429 (-17.33%), HSI23800M- BePW150330 (+23.26%), HSI24400MBeCW150429 (-16.51%).
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