SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices edged forward on Friday, as the euro resumed its slide and weaker than expected U.S. data curbed investor expectations of short-term economic growth. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery inched up 1.40 or 0.12% to 1,153.20 a troy ounce. Gold futures fell steadily in U.S. afternoon trading after peaking at 1,1680.80 hours earlier on a lightly traded session. After dipping more than $30 last Friday to erase all of its yearly gains for 2015, gold futures still remain above its 52-week low of $1,142.47 reached in mid-November.

TRADING STRATEGY :
BUY GOLD ABOVE 1161.75 TARGET 166.75 1172.75 SL 1155.75
SELL GOLD BELOW 1152 TARGET 1147 1141 SL 1158

SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.4845 during European morning trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.4868, slipping 0.09%.Cable was likely to find support at 1.4811 and resistance at 1.5026. The pound fell to fresh 20-month lows against the U.S. dollar on Friday, as the greenback recovered from the previous session’s disappointing U.S. retail sales report and as investors eyed additional U.S. data to be released later in the day. The pound had found some support on Thursday after 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: 1.4710

Resistance: 1.4770

RECOMMENDATION:

1. Buy GBP/USD Above 1.4772-TG: 1.4792/1.4822 SL 1.4742

2. Sell GBP/USD Below 1.4708-TG: 1.4688/1.4658 SL 1.4738

INTRADAY OUTLOOK

Support: 1.0450

Resistance: 1.0520

RECOMMENDATION:

1. Buy EUR/USD Above 1.0522-TG: 1.0542/1.0572 SL 1.0492

2. Sell EUR/USD Below 1.0448-TG: 1.0428/1.0520 SL 1.0398

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%).

• The most active stock warrants by value today were DBS MB eCW150420 (-14.04%), OCBC Bk MBeCW150803 (-8.74%), SGX MB eCW150803 (-2.46%).