SGX IForex Recommendations

TRADING TIPS :

The pound dropped to nearly five-year lows against the U.S. dollar on Wednesday, after data showed that the U.K. unemployment rate remained unexpectedly unchanged in January and that average U.K. earnings rose less- than-expected. GBP/USD hit 1.4668 during European morning trade, the pair’s lowest since June 2010; the pair subsequently consolidated at 1.4673, sliding 0.51%. Cable was likely to find support at 1.4343 and resistance at 1.4845, Tuesday’s high. In a report, the U.K. Office for National Statistics said that the rate of unemployment was unchanged at 5.7% in the three months to January, disappointing expectations for a decline to 5.6%.

INTRADAY OUTLOOK

Support: 1.4630

Resistance: 1.4750

RECOMMENDATION:

1. Buy GBP/USD Above 1.4680-TG: 1.4700/1.4730 SL 1.4650

2. Sell GBP/USD Below 1.4630-TG: 1.4610/1.4580 SL 1.4660

INTRADAY OUTLOOK

Support: 1.0550

Resistance: 1.0680

RECOMMENDATION:

1. Buy EUR/USD Above 1.0650-TG: 1.0670/1.0700 SL 1.0600

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 -8.20 points lower or -0.24% to 3361.75, taking the year-to-date perform- ance to -0.10%.

• The FTSE ST Mid Cap Index declined -0.39% while the FTSE ST Small Cap Index declined -0.62%. The top ac- tive stocks were DBS (+0.71%), SingTel (-0.96%), Noble (-3.89%), OCBC Bank (-0.29%) and Global Logistic (+0.40%).

• The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.89%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (unchanged) and Hyflux (-0.60%). The underper- forming sector was the FTSE ST Basic Materials Index, which declined -1.90% with Midas Holdings’ share price declining -3.39% and Geo Energy Resources ’ share price declining-1.04%.

• The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.30%), iShares USD Asia HY Bond ETF (+1.15%), IS MSCI India (+0.64%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-2.36%), Ascen- das REIT (-0.81%), CapitaCom Trust (+0.30%).

• The most active index warrants by value today were HSI24400MBeCW150429 (+17.90%), HSI23600M- BePW150429 (-15.97%), HSI24400VTePW150429 (unchanged).

• The most active stock warrants by value today were DBS MB eCW150420 (+4.85%), OCBC Bk MBeCW150803 (unchanged), SGX MB eCW150803 (+15.63%).

Forex Market Update

The dollar dropped against its rivals, falling to its lowest level against the euro in eight days, after the Federal Reserve’s monetary policy statement implied that the central bank will keep its benchmark rate lower for longer.

After briefly rising above $1.10, the euro EURUSD, -0.85%  finished the North American session at $1.0873, recording its largest one-session move against the buck since December 2008. The shared currency had traded at $1.0598 Tuesday.

In other currency action, the dollar CADUSD, -0.29%  dropped to 1.2580 Canadian dollars, compared with $1.2766 late Tuesday. It USDJPY, +0.27%  traded at 120.23 yen, compared with ¥121.34 Tuesday.