SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold declined on Tuesday, but losses were limited after talks between Greece and its European partners failed to reach agreement on a way forward to allow Athens to get a needed funding program in place before the end of the month. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery shed $5.70, or 0.46%, to trade at $1,221.40 a troy ounce during European morning hours. gold picked up 60 cents, or 0.05%, to settle at $1,227.70 as a broadly weaker U.S. dollar and ongoing uncertainty over developments in Greece boosted the appeal of the precious metal. Talks between Greece and its euro zone partners on the country’s debt crisis broke down late Monday after Athens rejected a proposal to extend its bailout.

TRADING STRATEGY :
BUY GOLD ABOVE 1210 TARGET 1215 1221 SL 1204
SELL GOLD BELOW 1203 TARGET 1198 1192 SL 1209

SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5337 during European morning trade, the session low; the pair subsequently consolidated at 1.5349, slipping 0.10%.In a report, the U.K. Office for National Statistics said the rate of consumer price inflation decelerated to 0.3% last month from 0.5% in December, broadly in line with market expectations. Month-over-month, consumer price inflation declined 0.9% in January, compared to expectations for a drop of 0.8% and after holding flat in December.Bank of England Governor Mark Carney will now have to write an open letter to the Chancellor of the Exchequer, George Osborn, as inflation is more than a percentage point below the central bank’s target of 2.0%.

INTRADAY OUTLOOK

Support: 1.5337

Resistance: 1.5400

RECOMMENDATION:

1. Buy GBP/USD Above 1.5402-TG: 1.5422/1.5452 SL 1.5372

2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365

INTRADAY OUTLOOK

Immediate Support: 1.1392

Immediate Resistance: 1.1467

RECOMMENDATION:

1. Buy EUR/USD Above -1.1469 TG: 1.1489/1.1519 SL 1.1439

2. Sell EUR/USD Below -1.1390 TG:1.1370/1.1340 SL 1.1420 

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended -11.25 points lower or -0.33% to 3415.91, taking the year-to-date performance to +1.51%.

• The FTSE ST Mid Cap Index gained +0.07% while the FTSE ST Small Cap Index declined -0.23%. The top active stocks were Sing- Tel (-0.94%), UOB (-1.25%), Noble (-5.41%), CapitaLand (+1.11%) and DBS (+0.16%).

• The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.45%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+0.31%) and Hyflux (+1.11%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.24% with Midas Holdings’s share price unchanged and Geo Energy Resources’s share price declining – 2.54%.

• The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.00%), IS MSCI India (-0.99%), ISHARES USD Asia HY Bond ETF (+0.28%).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.83%), CapitaMall Trust (-0.48%), CapitaCom Trust (+1.13%).

• The most active index warrants by value today were HSI25000MBeCW150330 (+4.90%), HSI25000MBeCW150429 (+3.90%), HSI24200MBePW150429 (-2.65%).

• The most active stock warrants by value today were Ezion MBeCW151102 (+2.33%), OCBC Bk MBeCW150803 (+0.93%), Capita-laMBeCW150701 (+6.67%).