SGX Singapore Closing Market Update

WEDNESDAY'S plunge in the Straits Times Index (STI) prompted speculation that Wall Street could end its Wednesday session sharply lower, which it did. So it was that Thursday's 20.26 points or 0.6 per cent slide to 3,395.27 in the STI led to speculation that the US market might again come under pressure during its own Thursday session ahead of a key payrolls report on Friday, though perhaps some weakness is to be expected given that the Dow Jones Industrial Average and S&P 500 had risen to all-time highs earlier in the week, while the Nasdaq Composite crossed 5,000 for the first time in 15 years.

IForex Signal Update

Forex Recommendation of 05 - MARCH. - 2015

✔We Hit First Target ✔

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

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