SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Prices for gold futures fell precipitously on Tuesday, as the U.S. Dollar Index reached its highest level in more than 11 years. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell $5.00 or 0.41% to $1,203.20 a troy ounce, as future prices wavered on a see-saw day of trading. Prices fell below a seven-week low of $1,195 an ounce during European trading, before rebounding to near $1,215 during early trading on U.S. markets. Gold prices then plunged shortly ahead of Benjamin Netanyahu’s address in front of Congress, before remaining steady during the Israeli prime minister’s speech.

TRADING STRATEGY :
BUY GOLD ABOVE 1208 TARGET 1213 1219 SL 1202
SELL GOLD BELOW 1201 TARGET 1196 1190 SL 1207

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +18.22 points higher or +0.54% to 3422.11, taking the year-to- date performance to +1.69%.

• The FTSE ST Mid Cap Index gained +0.29% while the FTSE ST Small Cap Index declined -0.22%. The top active stocks were DBS (-0.10%), SingTel (-1.42%), Noble (+6.88%), Golden Agri-Res (+3.75%) and UOB (+0.61%).

• The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.42%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+4.76%) and Geo Energy Resources (unchanged). The underperforming sector was the FTSE ST Technology Index, which declined -2.67% with Silverlake Axis ’ share price declining -4.67% and STATS ChipPAC ’s share price declining +1.04%.

• The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.11%), iShares USD Asia Bond ETF (+0.47%), SPDR Gold Shares (-0.81%).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), Suntec REIT (-0.77%), CapitaMall Trust (+0.47%).

• The most active index warrants by value today were HSI25000MBeCW150330 (-20.24%), HSI24400MBePW150330 (+21.05%), HSI25000MBeCW150429 (-12.67%)

Forex Market Update

The dollar inched lower against key rivals Tuesday after strong data out of Europe and the U.K. implied that economic growth in the rest of the world is beginning to catch up to the U.S.

The euro EURUSD, -0.05%  traded at $1.1175, compared with $1.1183 Monday evening, while the pound GBPUSD, -0.08%  traded at $1.5363, compared with $1.5359.

The dollar USDJPY, +0.01%  also drifted lower against the yen, trading at ¥119.70, compared with ¥120.14.

The ICE U.S. Dollar Index DXY, +0.10% a measure of the dollar’s strength against six of its largest trading partners, was down 0.06% on the day to 95.4090.