SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5076 during European morning trade, the session low; the pair subsequently consolidated at 1.5106, shedding 0.25%. In a report, the U.K. Office for National Statistics said that the rate of unemployment dipped to 5.8% in the three months to November from 6.0% in the previous three month-period and better than expectations for a reading of 5.9%.The report also showed that the claimant count fell by 29,700 last month, compared to expectations for a decline of 25,000 people. November’s figure was revised to a drop of 29,600 people from a previously reported decline of 26,900.Data also showed that the average earnings index rose 1.7% in the three months to November, meeting forecasts, after increasing by 1.4% in the three months to October. Excluding bonuses, wages rose by 1.8% in the three months to November, below expectations for a gain of 1.9% and following a 1.6% increase in the three months to October.

INTRADAY OUTLOOK

Support: 1.5081

Resistance: 1.5143

RECOMMENDATION:

1. Buy GBP/USD Above 1.5145-TG: 1.5165/1.5195 SL 1.5115

2. Sell GBP/USD Below 1.5078-TG: 1.5058/1.5028 SL 1.5108

INTRADAY OUTLOOK

Immediate Support: 1.1539

Immediate Resistance: 1.1591

RECOMMENDATION:

1. Buy EUR/USD Above -1.1593 TG: 1.1613/1.1643 SL 1.1563

2. Sell EUR/USD Below -1.1536 TG:1.1516/1.1486 SL 1.1566

SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices dipped in Asia on Thursday with investors focused on an upcoming European Central Bank meeting expected to further ease policy.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.22% to 1.290.80 a troy ounce in Asia.Overnight, gold remained above the $1,300-level on Wednesday, after data showed that the number of building permits issues in the U.S. fell unexpectedly in December, while housing starts topped forecasts, painting a mixed picture of the U.S. housing sector.

TRADING STRATEGY :
BUY GOLD ABOVE 1297 TARGET 1302 1308 SL 1291
SELL GOLD BELOW 1284 TARGET 1279 1273 SL 1290

SGX Stock Recommendations

MARKET UPDATES :

• MALAYSIAN shares ended higher on Wednesday with the Kuala Lumpur Composite Index adding 19.98 points to close at 1,770.09.Some 2.16 billion lots, valued at RM2.45 billion were traded. Gainers numbered 559 while losers numbered 287.

• CAPITACOMMERCIAL Trust, a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.This brings the full-year DPU to an estimated 8.46 cents before conversion of convertible bonds, up 3.9 per cent from 8.14 cents a year ago. This gives it a yield of 4.6 per cent on its last traded price of S$1.835.

• FORTUNE Reit on Wednesday reported an 8.3 per cent increase in income available for distribution to HK$197.2 million (S$33.97 million) for its fourth quarter ended Dec 31, 2014.This translates to a distribution per unit (DPU) of 10.50 Hong Kong cents, 8 per cent higher than the 9.72 Hong Kong cents that it paid out a year ago.Its net property income also rose 6.7 per cent to HK$293.5 million, on the back of an 8.4 per cent increase in total revenue to HK$425.7 million.

• SINGAPORE Exchange posted a 16 per cent net profit increase in its second fiscal quarter on the back of strong derivatives growth.Earnings attributable to shareholders rose to S$86.6 million, or 8.1 Singapore cents per share, for the quarter ended December. Net profit for the first half slipped 2 per cent to S$164.2 million, or 15.3 Singapore cents per share.The market operator is declaring a dividend of four Singapore cents per share.Income from securities slipped one per cent to S$51.7 million in the quarter. Income from derivatives, however, rose 46 per cent to S$76.4 million.