SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices dipped in Asia on Friday as mixed data from Japan signaled continued easy monetary policies. In Japan on Friday, the country reported that February national core CPI (excluding perishables but including energy) rose 2.0%, less than the 2.1% year-on-year gain expected, a 21st year-on-year rise but the smallest gain since 1.3% in March 2014. The unemployment rate came in at 3.5% as expected, down from 3.6% in January, while the job offers to seekers index met its 1.15 expectation (115 job offers for every 100 people looking for work), up from 1.14 in January and posting the highest reading since 1.19 in March 1992. Household spending fell 2.9%, less than the 3.2% year-on-year decline seen in real terms, but still an 11th consecutive year-on-year drop.

TRADING STRATEGY :
BUY GOLD ABOVE 1207 TARGET 1212 1218 SL 1201
SELL GOLD BELOW 1198 TARGET 1193 1187 SL 1204

SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.4990 during European morning trade, the pair’s highest since March 18; the pair subsequently consolidated at 1.4979, advancing 0.67%.The pound climbed to a one-week high against the U.S. dollar on Thursday, supported by upbeat U.K. retail sales data and as demand for the greenback remained under pressure after Wednesday’s disappointing U.S. economic reports.In a report, the U.K. Office for National Statistics said retail sales increased 0.7% last month, above forecasts for a gain of 0.4%. Retail sales in January rose by 0.1%, whose figure was revised from a previously reported decline of 0.3%.

INTRADAY OUTLOOK

Support: 1.4910

Resistance: 1.4970

RECOMMENDATION:

1. Buy GBP/USD Above 1.4972-TG: 1.4992/1.5022 SL 1.4942

2. Sell GBP/USD Below 1.4902-TG: 1.4882/1.4852 SL 1.4932

INTRADAY OUTLOOK

Support: 1.0996

Resistance: 1.1056

RECOMMENDATION:

1. Buy EUR/USD Above 1.1058-TG: 1.1078/1.1108 SL 1.1028

2. Sell EUR/USD Below 1.0994 -TG:1.0974/1.0944 SL 1.1024

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +12.57 points higher or +0.37% to 3431.59, taking the year-to-date per- formance to +1.97%.

• The FTSE ST Mid Cap Index gained +0.27% while the FTSE ST Small Cap Index gained +0.81%. The top active stocks were DBS (+0.89%), SingTel (+0.69%), Keppel Corp (+1.23%), CapitaLand (+1.97%) and Keppel Land (- 0.44%).

• The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+1.59%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (+1.23%) and Sembcorp Industries (+1.40%). The un- derperforming sector was the FTSE ST Consumer Services Index, which declined -0.81% with Jardine Cycle & Carriage’s share price declining -0.15% and Genting Singapore’s share price declining -1.08%.

• The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.78%), STI ETF (+0.88%), LYXOR China H (-0.12%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaCom Trust (+1.14%), Capita- Mall Trust (+0.46%), Ascendas REIT (+0.39%).

• The most active index warrants by value today were HSI24400MBeCW150429 (-5.22%), HSI25000M- BeCW150429 (-6.98%), HSI24800MBeCW150528 (-4.27%).

• The most active stock warrants by value today were DBS MB eCW150915 (+4.73%), UOB MB eCW150701 (+4.31%), KepCorp MBeCW150901 (+8.33%).