SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices rose slightly in early Asia on Tuesday with China markets set to re-open on Wednesday and Greece still to turn over its list of reforms needed to secure further euro zone loans. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.14% to trade at $1,203.10. Overnight, Gold futures turned higher on Monday to reclaim the key $1,200-level, after data showed that U.S. existing home sales fell more than expected in January to hit the lowest level in nine months, dampening optimism over the health of the housing market. The National Association of Realtors said earlier that existing home sales decreased 4.9% to 4.82 million units last month from 5.07 million in December. Analysts had expected existing home sales to fall 0.8% to 4.97 million units in January.

TRADING STRATEGY :
BUY GOLD ABOVE 1205 TARGET 1210 1216 SL 1199
SELL GOLD BELOW 1197.50 TARGET 1192.50 1186.50 SL 1203.50

SGX IForex Recommendations

TRADING TIPS :
USD/JPYtraded at 119.06, up 0.03% against the dollar.The Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was quoted at 94.40.Last week, the euro pushed higher against the dollar and the yen on Friday after euro zone finance ministers agreed on a deal to extend Greece’s bailout by four months. The euro zone approved the extension of Greece’s €240 billion bailout, removing concerns that the country would face a liquidity crunch when its current bailout agreement expired at the end of the month.

INTRADAY OUTLOOK
Support: 118.77
Resistance: 119.41

RECOMMENDATION:
1. Buy USD/JPY Above 119.43-TG: 119.63/119.93 SL 119.13
2. Sell USD/JPY Below 118.75-TG: 118.55/118.25 SL 119.05

INTRADAY OUTLOOK
Immediate Support: 1.1292
Immediate Resistance: 1.1372

RECOMMENDATION:
1. Buy EUR/USD Above -1.1374 TG: 1.1394/1.1424 SL 1.1344
2. Sell EUR/USD Below -1.1290 TG:1.1270/1.1240 SL 1.1320

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended -14.36 points lower or -0.42% to 3421.3, taking the year-to-date performance to +1.67%.

• The FTSE ST Mid Cap Index declined -0.21% while the FTSE ST Small Cap Index gained +0.14%. The top active stocks were Sing- Tel (-2.80%), DBS (+1.03%), UOB (-0.31%), CapitaLand (-1.36%) and Keppel Corp (-1.14%).

• The outperforming sectors today were represented by the FTSE ST Technology Index (+1.20%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+2.71%) and STATS ChipPAC (-1.02%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -2.46% with SingTel ’s share price declining -2.80% and StarHub ’s share price gain-ing+0.23%.

• The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.37%), SPDR Gold Shares (- 1.29%), Nikko AM Singapore STI ETF (unchanged).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.40%), Suntec REIT (+0.52%), Capi-taCom Trust (-0.28%).

• The most active index warrants by value today were HSI25000MBeCW150330 (-10.19%), HSI25000MBeCW150429 (-4.29%), HSI24600MBeCW150330 (-6.41%).

• The most active stock warrants by value today were DBS MB eCW150420 (+13.56%), OCBC Bk MBeCW150413 (+5.46%), SGX MB eCW150803 (+7.02%).