SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices held steady to lower in early Asia on Tuesday as investors eyed easy monetary policy in China and continued import restriction in India On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.02% to $1,206.40 a troy ounce. Overnight, gold prices slipped on Monday afternoon, after reaching a two-week high, amid conflicting reports about demand from the world’s two largest purchasers of the precious metal. Gold initially rose in morning trading following the release of a spate of economic data in China. For the month of February, the HSBC China Manufacturing PMI rose to 50.7 — up a point from 49.7 in January. China also cut its benchmark interest rate for the second time in less than four months, as a number of economists expect more easing measures to follow throughout the remainder of the year.

TRADING STRATEGY :
BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
SELL GOLD BELOW 1203 TARGET 1197 1191 SL 1209

SGX IForex Recommendations

TRADING TIPS :

GBP/USD pulled away from 1.5385, the pair’s lowest since February 27, to hit 1.5409 during European morning trade, still down 0.19%.The pound trimmed losses against the U.S. dollar on Monday, after data showed that U.K. manufacturing activity expanded at the fastest rate in seven months in February, although demand for the greenback remained broadly supported by Friday’s U.S. growth report. Cable was likely to find support 1.5332, the low of February 23 and resistance at 1.5539, the high of February 25. In a report, market research group Markit said that its U.K. manufacturing purchasing managers’ index rose to 54.1 last month from a reading of 53.1 in January. Analysts had expected the index to inch up to 53.4 in February.

INTRADAY OUTLOOK

Support: 1.5340

Resistance: 1.5410

RECOMMENDATION:

1. Buy GBP/USD Above 1.5415-TG: 1.5435/1.5465 SL 1.5385

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

INTRADAY OUTLOOK

Support: 119.20

Resistance: 119.80

RECOMMENDATION:

1. Buy USD/JPY Above 119.85-TG: 120.05/120.35 SL 119.55

2. Sell USD/JPY Below 119.15-TG: 118.85/118.55 SL 119.45

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +1.03 points higher or +0.03% to 3403.89, taking the year-to-date per- formance to +1.15%.

• The FTSE ST Mid Cap Index declined -0.39% while the FTSE ST Small Cap Index declined -1.14%. The top ac- tive stocks were SingTel (+0.47%), DBS (-1.48%), OCBC Bank (-0.86%), Noble (-3.08%) and UOB (-0.04%).

• The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.68%).The two biggest stocks of the FTSE ST Consumer Goods Index are Willmar International (+0.31%) and Thai Beverage (+2.14%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -3.44% with Midas Holdings’ share price gaining +1.61% and Geo Energy Resources’ share price declining -1.57%.

• The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (-0.29%), IS MSCI India (+0.37%), SPDR Gold Shares (+1.10%).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.62%), Capita- Com Trust (-0.57%), CapitaMall Trust (+1.90%).

• The most active index warrants by value today were HSI25000MBeCW150330 (-7.69%), HSI24200M- BePW150429 (-3.94%), HSI24400MBePW150330 (-7.32%).