SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5297 during European morning trade, the pair’s highest since February 6; the pair subsequently consolidated at 1.5283, adding 0.19%. Investors remained cautious following reports the European Commission could propose a six-month extension to Greece’s existing bailout program at an emergency meeting of the euro group of finance ministers, due to take place later in the day.Athens is expected to ask for a bridge loan to cover its funding needs until September, and to also propose new economic reforms to replace some of the harshest austerity conditions attached to its bailout.However, German Finance Minister Wolfgang Schaeuble dampened hopes Wednesday morning, by saying there are no plans to discuss a new agreement.

INTRADAY OUTLOOK

Support: 1.5266

Resistance: 1.5325

RECOMMENDATION:

1. Buy GBP/USD Above 1.5327-TG: 1.5347/1.5377 SL 1.5297

2. Sell GBP/USD Below 1.5264-TG: 1.5244/1.5214 SL 1.5294

INTRADAY OUTLOOK

Immediate Support: 1.1261

Immediate Resistance: 1.1334

RECOMMENDATION:

1. Buy EUR/USD Above -1.1336 TG: 1.1356/1.1386 SL 1.1306

2. Sell EUR/USD Below -1.1259 TG:1.1239/1.1209 SL 1.1289

SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices eased in early Asia on Thursday with events surrounding Greece in sharper focus and the implications for euro zone stability. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.08% to trade at $1,219.90 a troy ounce.Prices were supported amid speculation of further monetary easing from the People’s Bank of China following Tuesday’s lower-than-expected inflation data. Investors were also looking at a bump from seasonal physical gold demand ahead of the Chinese New Year holiday and any stockpiling of copper ahead of a week-long break.Overnight, gold inched up modestly in cautious trade on Wednesday, as Greece’s Finance Minister Yanis Varoufakis was to meet with other finance ministers of the euro zone later in the day to discuss a solution to Greece’s bailout program.

TRADING STRATEGY :
BUY GOLD ABOVE 1224 TARGET 1229 1235 SL 1218
SELL GOLD BELOW 1216 TARGET 1211 1205 SL 1222

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +10.33 points higher or +0.30% to 3444.57, taking the year-to-date per- formance to +2.36%.

• The FTSE ST Mid Cap Index gained +0.13% while the FTSE ST Small Cap Index declined -0.46%. The top active stocks were SingTel (+0.49%), DBS (+0.05%), Global Logistic (+3.20%), ComfortDelGro (+1.62%) and Keppel Corp (+1.40%).

• The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+1.17%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (-0.25%) and Global Logistic Properties (+3.20%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.62% with Wilmar International’s share price de-clining -0.31% and Thai Beverage’s share price declining -0.69%.

• The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.90%), LYXOR Asia 10 (-0.39%), STI ETF (+0.58%).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.81%), Capi- taMall Trust (-1.38%), CapitaCom Trust (-0.56%).

• The most active index warrants by value today were HSI25000MBeCW150330 (-18.81%), HSI24200M- BePW150429 (+8.94%), HSI23800MBePW150330 (+15.63%).

• The most active stock warrants by value today were DBS MB eCW150420 (+3.13%), OCBC Bk MBeCW150413 (-4.35%), SGX MB eCW150803 (+6.79%).