SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5353 during European morning trade, the pair’s lowest since February 18; the pair subsequently consolidated at 1.5384, shedding 0.19%.In a report, the Office for National Statistics said U.K. retail sales rose fell 0.3% in January, compared to expectations for a 0.2% downtick. December’s figure was revised to a 0.2% gain from a previously estimated increase of 0.4%.Year-on-year, U.K. retail sales rose at a rate of 4.8% last month, below expectations for a 5.9% increase and after a downwardly revised 3.8% gain in December.A separate report showed that U.K. public sector net borrowing dropped by £9.40 billion January, more than the expected decline of £7.80 billion. December’s figure was revised to a £9.87 rise from a previously estimated £12.47 increase.

INTRADAY OUTLOOK

Support: 1.5315

Resistance: 1.5389

RECOMMENDATION:

1. Buy GBP/USD Above 1.5392-TG: 1.5412/1.5442 SL 1.5362

2. Sell GBP/USD Below 1.5313-TG: 1.5293/1.5263 SL 1.5343

INTRADAY OUTLOOK

Immediate Support: 1.1268

Immediate Resistance: 1.1359

RECOMMENDATION:

1. Buy EUR/USD Above -1.1361 TG: 1.1381/1.1411 SL 1.1331

2. Sell EUR/USD Below -1.1266 TG:1.1246/1.1216 SL 1.1296

SGX Stock Recommendations

MARKET UPDATES :

• As of 12.30pm, the Straits Times Index (STI) ended +19.75 points higher or +0.58% to 3435.66, taking the year-to-date performance to+2.10%.

• The FTSE ST Mid Cap Index gained +0.46% while the FTSE ST Small Cap Index gained +0.22%. The top active stocks were SingTel (+0.94%), UOB (+0.09%), DBS (+0.31%), Noble (+1.91%) and Keppel Land (+0.44%).

• The outperforming sectors today were represented by the FTSE ST Technology Index (+1.39%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.58%) and STATS ChipPAC (+1.03%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.63% with Wilmar International’s share price declining -0.60% and Thai Beverage’s share price unchanged.

• The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.63%), STI ETF (+0.59%), DBXT MSCI Philippines ETF (+0.50%).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.65%), CapitaMall Trust (+2.87%), CapitaCom Trust (-0.56%).

• The most active index warrants by value today were HSI25000MBeCW150330 (+0.94%), HSI24400MBePW150330 (-4.85%), HSI25000MBeCW150429 (+1.88%).

• The most active stock warrants by value today were OCBC Bk MBeCW150803 (+7.34%), OCBC Bk MBeCW150413 (+17.02%), DBS MB eCW150420 (+5.36%).

Current Market Update

Tokyo (Nikkei Average NIK, +0.56% ) up 0.8% (at break) 
Hong Kong (Hang Seng Index HSI, -0.03% ) down 0.6% 
Shanghai (Shanghai Composite Index SHCOMP, +0.76% ) closed for holiday 
Sydney (S&P/ASX 200 XJO, +0.36% ) up 0.5% 
Seoul (Kospi SEU, +0.39% ) up 0.4%
Taipei (Taiex Y9999, +0.35% ) closed for holiday