SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5405 during European morning trade, the session low; the pair subsequently consolidated at 1.5390, edging down 0.11%.Sentiment on the dollar remained vulnerable after the U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits increased by 31,000 to 313,000 last week From the previous week’s revised total of 282,000.Data also showed that U.S. consumer prices declined 0.7% last month, compared to estimates for a decline of 0.6%, while core consumer prices, which exclude food and energy costs, increased by 0.2% in January, above expectations for a 0.1% increase.On a more positive note, the U.S. Commerce Department said that total durable goods orders increased by 2.8% last month, above expectations for a gain of 1.7%.

INTRADAY OUTLOOK

Support: 1.5381

Resistance: 1.5464

RECOMMENDATION:

1. Buy GBP/USD Above 1.5466-TG: 1.5486/1.5516 SL 1.5436

2. Sell GBP/USD Below 1.5379-TG: 1.5359/1.5329 SL 1.5409

INTRADAY OUTLOOK

Support: 118.86

Resistance: 119.65

RECOMMENDATION:

1. Buy USD/JPY Above 119.67-TG: 119.87/120.17 SL 119.37

2. Sell USD/JPY Below 118.84-TG: 118.64/118.34 SL 119.14

SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices gained in Asia on Monday after data from around the region since the weekend that investors noted mostly favored a low- interest rate environment, but also showed upbeat trends. The HSBC China final manufacturing index for February rose to 50.7 into the expansion zone and above the flash reading of 50.1.The People’s Bank of China cut its benchmark interest rate by a quarter percentage point to 5.35%.Also at the weekend, the February China Federation of Logistics and Purchasing (CFLP) manufacturing PMI improved for the first time in seven months, despite the Chinese New Year holiday, but remained just below the 50 mark, indicating that the sector contracted for a second straight month. The index rose to 49.9 in February from 49.8 in January.

TRADING STRATEGY :
BUY GOLD ABOVE 1223.75 TARGET 1228.75 1234.75 SL 1217.75
SELL GOLD BELOW 1216 TARGET 1211 1205 SL 1222

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended -23.32 points lower or -0.68% to 3402.86, taking the year-to-date per- formance to +1.12%.

• The FTSE ST Mid Cap Index declined -0.18% while the FTSE ST Small Cap Index declined -0.17%. The top ac- tive stocks were OCBC Bank (-1.04%), SingTel (-1.40%), Noble (-8.02%), DBS (-0.61%) and UOB (+0.35%).

• The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.61%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (-1.59%) and Geo Energy Resources (- 0.52%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -1.40% with Wilmar International’s share price declining -2.12% and Thai Beverage’s share price declining -1.41%.

• The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Singapore IM ETF (unchanged), STI ETF (-0.59%), IS MSCI India (+0.87%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaCom Trust (-1.40%), Capita- Mall Trust (-0.94%), Ascendas REIT (unchanged).

• The most active index warrants by value today were HSI25000MBeCW150330 (-5.21%), HSI25000M- BeCW150429 (-5.63%), HSI24400MBePW150330 (+2.50%).