SGX IForex Recommendations

TRADING TIPS :

The pound rose against the U.S. dollar on Thursday, pulling away from eight-month lows after data showed that the U.K. trade deficit narrowed more-than-expected in January and as sentiment on the greenback weakened ahead of U.S. economic reports due later in the day. GBP/USD hit 1.5014 during European morning trade, the session high; the pair subsequently consolidated at 1.4984, gaining 0.39%.Cable was likely to find support at 1.4891, Wednesday’s low and an eight-month low and resistance at 1.5099, Wednesday’s high.In a report, the U.K. Office for National Statistics said the country’s goods trade deficit narrowed to £8.41 billion in January from £9.93 billion in December, whose figure was revised from a previously estimated deficit of £10.15 billion.

INTRADAY OUTLOOK

Support: 1.4900

Resistance: 1.5040

RECOMMENDATION:

1. Buy GBP/USD Above 1.5015-TG: 1.5035/1.5065 SL 1.4985

2. Sell GBP/USD Below 1.4950-TG: 1.4930/1.4900 SL 1.4980

INTRADAY OUTLOOK

Support: 1.0550

Resistance: 1.0670

RECOMMENDATION:

1. Buy EUR/USD Above 1.0650-TG: 1.0670/1.0700 SL 1.0620

2. Sell EUR/USD Below 1.0570-TG: 1.0550/1.0520 SL 1.0600

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended -4.99 points lower or -0.15% to 3373.6, taking the year-to-date perform- ance to +0.25%.

• The FTSE ST Mid Cap Index gained +0.20% while the FTSE ST Small Cap Index gained +0.16%. The top active stocks were SingTel (unchanged), DBS (-0.36%), OCBC Bank (-0.19%), UOB (-0.40%) and Keppel Land (+0.44%).

• The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.23%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+0.31%) and Hyflux (+0.58%). The underperform- ing sector was the FTSE ST Industrials Index, which declined -0.74% with Jardine Matheson Holdings ’s share price declining -1.60% and Jardine Strategic Holdings ’s share price declining-0.35%.

• The three most active Exchange Traded Funds (ETFs) by value today were the DBXT FT China 25 ETF (+0.52%), SPDR Gold Shares (-0.17%), STI ETF (unchanged).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaCom Trust (-0.88%), Ascen- das REIT (-0.40%), Suntec REIT (+1.64%).

• The most active index warrants by value today were HSI24400MBeCW150429 (+5.50%), HSI25000M- BeCW150429 (+4.84%), HSI23800MBePW150330 (-12.26%).

• The most active stock warrants by value today were OCBC Bk MBeCW150803 (-1.06%), DBS MB eCW150420 (-7.14%), UOB MB eCW150701 (-5.04%).

Forex Market Update

The dollar retreated against its rivals Thursday after the Commerce Department said U.S. retail-sales fell for the third-straight month in February.

The dollar USDJPY, +0.16%  changed hands at 121.35 yen Thursday afternoon after falling as low as ¥120.66 in the wake of the data. The buck traded at ¥121.47 Wednesday evening.

The euro EURUSD, -0.29%  traded at $1.0632, compared with $1.0547 Wednesday.

The British pound, however, surrendered its early gains against the dollar in afternoon trade, falling to a 20-month low of $1.4850 GBPUSD, -0.13% compared with $1.4910 Wednesday.

The ICE U.S. Dollar Index DXY, +0.13% a measure of the dollar’s strength against six rivals, fell 0.5% to 99.30.