SGX IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.5474 during European morning trade, the session high; the pair subsequently consolidated at 1.5446. Investors remained cautious as Fed Chair Janet Yellen was to testify before the Senate Banking Committee in Washington later Tuesday, with market participants watching for any indication on when U.S. interest rates may start to rise.Last week’s minutes of the Fed’s January meeting were more dovish than expected, showing that some officials thought that raising rates too soon could weigh on the U.S. economic recovery, and that a deterioration in the global economic outlook could also pose a threat.The pound shrugged off a report by the Confederation of British Industry on Monday showing that its index of U.K. retailers plunged by 38.0 points to a 21-month low of 1.0 in February from 39.0 in January.


INTRADAY OUTLOOK
Support: 1.5401
Resistance: 1.5479

RECOMMENDATION:
1. Buy GBP/USD Above 1.5481-TG: 1.5501/1.5531 SL 1.5451
2. Sell GBP/USD Below 1.5399-TG: 1.5379/1.5349 SL 1.15429

INTRADAY OUTLOOK
Support: 1.1278
Resistance: 1.1350

RECOMMENDATION:
1. Buy EUR/USD Above 1.1352-TG: 1.1372/1.1402 SL 1.1322
2. Sell EUR/USD Below 1.1276-TG: 1.1256/1.1226 SL 1.1306

SGX Stock Recommendations

MARKET UPDATES :
  • The Straits Times Index (STI) ended +16.31 points higher or +0.48% to 3437.61, taking the year-to-date performance to +2.15%.
  • The FTSE ST Mid Cap Index gained +0.12% while the FTSE ST Small Cap Index gained +0.27%. The top active stocks were SingTel (+2.89%), DBS (+0.61%), OCBC Bank (+0.47%), UOB (+0.26%) and Keppel Corp (+0.46%).
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+2.58%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+2.89%) and StarHub (+0.46%). The underperforming sector was the FTSE ST Industrials Index, which declined -0.56% with Jardine Matheson Holdings’ share price declining -1.70% and Jardine Strategic Holdings’ share price declining -0.45%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the Nikko AM Singapore STI ETF (-0.29%), IS MSCI In-dia (-0.13%), SPDR Gold Shares (+0.48%).
  • The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.89%), Ascendas REIT (+1.64%), CapitaCom Trust (unchanged).
  • The most active index warrants by value today were HSI25000MBeCW150330 (-7.22%), HSI24200MBePW150429 (+2.94%), HSI25000MBeCW150429 (-7.69%).

  • The most active stock warrants by value today were OCBC Bk MBeCW150803 (-2.44%), Ezion MBeCW151102 (-8.14%), DBS MB eCW150915 (unchanged).

S&P Market News Update

U.S. stocks moved higher Tuesday, with the S&P 500 and Dow industrials closing at records, as the market read Federal Reserve Chairwoman Janet Yellen’s testimony before Congress as a reassurance that a rate hike might not occur until the second half of the year.

The S&P 500 SPX, +0.28%  finished up by 5.82 points, or 0.3%, at 2,115.48, while the Dow Jones Industrial Average DJIA, +0.51% gained 92.35 points, or 0.5%, to end at 18,209.19.