SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in early Asian trade on Friday with investors focused on demand cues from Switzerland and year-end holiday sales. On the Comex division of the New York Mercantile Exchange,gold future for February delivery traded at $1,189.50 a troy ounce, down 0.06%. Overnight, gold prices inched lower on Thursday, as trading conditions remained thin with markets in the U.S. closed for the Thanksgiving Day holiday.

TRADING STRATEGY :
SELL GOLD BELOW 1180 TARGET 1170 1160 SL 1190
BUY GOLD ABOVE 1193 TARGET 1203 1213 SL 1183

SGX IForex Recommendations

TRADING TIPS :

EUR/USD was down 0.22% to 1.2478, off session highs of 1.2522. The euro was slightly lower against the dollar on Thursday after data showed that the annual rate of inflation in Germany slowed to almost a five year low this month, fuelling concerns over the risk of deflation in the euro area.Germany’s consumer price index rose just 0.6% this month, data on Thursday showed, down from 0.8% in October. On a month-over-month basis, prices were flat. Investors were looking ahead to preliminary data on euro zone inflation due to be released on Friday. The annual rate of inflation in the euro zone fell to 0.4% in October, well below the ECB’s target of close to but just under 2%.

INTRADAY OUTLOOK

Support: 1.2437

Resistance: 1.2492

RECOMMENDATION:

1. Buy EUR/USD Above 1.2495-TG:1.2515/1.2545 SL 1.2465

2. Sell EUR/USD Below 1.2430-TG:1.2410/1.2380 SL 1.2460

INTRADAY OUTLOOK

Immediate Support: 117.95

Immediate Resistance: 118.65

RECOMMENDATION:

1. Buy USD/JPY Above 118.67-TG:118.87/119.13 SL 118.37

2. Sell USD/JPY Below 117.92-TG:117.72/117.42 SL 118.28

SGX Stock Recommendations

MARKET UPDATES :

• SINGAPORE’S financial markets have remained stable through 2014, but banks will have to be watchful of liquidity and credit risks, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank’s Macroeconomic Surveillance Department, Singapore’s banking system is sound and remains resilient to external shocks. Asset quality is healthy. The local banks’ capital adequacy positions are well above regulatory requirements, and their liquidity positions are sound.

• NET capital flows to Asia have turned negative, partially reversing the net inflows since 2010, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank’s Macroeconomic Surveillance Department, several Asian economies have received substantial financial flows in the past few years as Asian sovereigns and corporates benefited from historically low risk premiums and global volatility.

• THE balance sheets of Singapore property firms remain healthy despite the moderation in residential property prices and transactions, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank’s Macroeconomic Surveillance Department, median return on assets for property firms, excluding S-Reits, fell from 5.5 per cent in the second quarter of 2013 to 3.9 per cent in Q2 2014, even as their debt-to-equity ratio rose from 55 per cent to 65 per cent.

• IPS is one of Singapore’s leading providers of integrated security solutions. As political instability grows around the region, ongoing disputes in certain countries and increasing national security concerns have led to governments in the region boosting their defence budgets, which puts IPS in an advantageous position to benefit from this situation.