SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold futures showed nervousness ahead of release of a batch of economic data such as ADP employment report, Fed’s Beige book and US ISM non-manufacturing index slated to come out later today. US gold slipped for the straight third session triggered by higher dollar values .The US dollar climbed to its highest level since September 2003 on Wednesday ahead of closely-watched jobs data and the European Central Bank meeting later in the week. COMEX Gold for the April delivery quotes at $1,203.80 an ounce, down $.60 and the Silver May delivery quotes at $16.278, down 1.8 cents an ounce.

TRADING STRATEGY :
BUY GOLD ABOVE 1205.5 TARGET 1210.50 1216.50 SL 1199.50
SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205

SGX IForex Recommendations

TRADING TIPS :

GBP/USDeased 0.12% to 1.5342 from around 1.5358 ahead of the data,the services purchasing managers’ index ticked down to 56.7 from 57.2 in January. Economists had expected the index to rise to 57.5.On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction.“Although the rate of expansion slowed in the vast services economy, growth has picked up in both manufacturing and construction,” Chris Williamson, chief economist at survey compilers Markit said.”The three PMI surveys collectively indicated a slight acceleration in economic growth for a second successive month in February as a result, consistent with GDP growth picking up to 0.6% in the first quarter.”

INTRADAY OUTLOOK

Support: 1.5294

Resistance: 1.5364

RECOMMENDATION:

1. Buy GBP/USD Above 1.5366-TG: 1.5386/1.5416 SL 1.5336

2. Sell GBP/USD Below 1.5292-TG: 1.5272/1.5242 SL 1.5322

INTRADAY OUTLOOK

Support: 1.1096

Resistance: 1.1165

RECOMMENDATION:

1. Buy EUR/USD Above 1.1167-TG: 1.1187/1.1217 SL 1.1137

2. Sell EUR/USD Below 1.1094-TG: 1.1064/1.1034 SL 1.1124

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended -6.58 points lower or -0.19% to 3415.53, taking the year-to-date perform- ance to +1.50%.

• The FTSE ST Mid Cap Index gained +0.09% while the FTSE ST Small Cap Index gained +0.15%. The top active stocks were SingTel (-0.48%), DBS (+1.09%), UOB (-0.43%), ComfortDelGro (unchanged) and Noble (-0.99%).

• The outperforming sectors today were represented by the FTSE ST Technology Index (+1.53%). The two big- gest stocks of the FTSE ST Technology Index are Silverlake Axis (+2.86%) and STATS ChipPAC (unchanged). The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which declined – 0.54% with CapitaMall Trust’s share price declining -1.85% and Ascendas REIT’s share price declining -1.59%.

• The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.12%), IS- HARES USD Asia HY Bond ETF (-0.75%), DBXT MSCI China TRN ETF (-2.30%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.85%), Ascen- das REIT (-1.59%), Suntec REIT (+0.52%).

• The most active index warrants by value today were HSI25000MBeCW150330 (-26.87%), HSI24400M- BePW150330 (+25.00%), HSI25000MBeCW150429 (-13.74%).