SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
COMEX Gold futures slipped under $1200 per ounce amid massive strength in US dollar. The metal dropped after hitting its two week highs above $1220 per ounce as the dollar hit near 12 year high of 1.1000 against the Euro. Gold corrected after Federal Reserve ChairJanet Yellen said that the central bank could raise interest rates  before inflation pick sup as long as it foresees price increases accelerating and the job market continues to advance. However, MCX Gold edged up after India’s Union Budget 2015-16 announced some-key measures to monetize domestic gold holdings. This boosted sentiments in world markets too before the awesome rally in US dollar pulled brakes on the yellow metal. Gold had dropped to a six week low of $1190 per ounce in the last week of February before recovering. MCX Gold futures edged up above Rs 26700 per 10 grams mark after the budget but pared back soon amid losses in global prices.

TRADING STRATEGY :
BUY GOLD ABOVE 1172 TARGET 1177 1183 SL 1166
SELL GOLD BELOW 1160 TARGET 1155 1149 SL 1166

SGX IForex Recommendations

TRADING TIPS :

GBP/USD tumbling 1.08% to 1.5081.The dollar showed little reaction to data on Thursday showing that the number of Americans who filed for unemployment assistance rose by 7,000 to 320,000 last week from the previous week’s total of 313,000.Another report showed that U.S. factory orders slipped 0.2% in January, compared to expectations for a 0.2% rise. December’s figure was revised to a 3.5% decline from a previously estimated 3.4% drop. Also Thursday, the Bank of England left interest rates unchanged at their current record low of 0.50%, where they have been since March 2009. The central bank also maintained the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

INTRADAY OUTLOOK

Support: 1.5002

Resistance: 1.5069

1. Buy GBP/USD Above 1.5071-TG: 1.5091/1.5121 SL 1.5041

2. Sell GBP/USD Below 1.5000-TG: 1.4980/1.4950 SL 1.5030

INTRADAY OUTLOOK

Support: 1.0838

Resistance: 1.0906

RECOMMENDATION:

1. Buy EUR/USD Above 1.0908-TG: 1.0928/1.0958 SL 1.0878

2. Sell EUR/USD Below 1.0836-TG: 1.0816/1.0786 SL 1.0866

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +22.24 points higher or +0.66% to 3417.51, taking the year-to-date per- formance to +1.56%.

• The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.38%. The top active stocks were SingTel (+1.70%), DBS (+0.98%), Noble (+4.98%), Keppel Land (-0.22%) and Genting Singapore (- 2.63).

• The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.52%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.70%) and StarHub (unchanged). The underperforming sector was the FTSE ST Health Care Index, which declined -0.55% with Raffles Medical Group’s share price declining -0.51% and Biosensors International Group’s share price declining -0.77%.

• The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.59%), iShares USD Asia HY Bond ETF (-0.85%), SPDR Gold Shares (-0.42%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.94%), Ascen- das REIT (-0.40%), CapitaCom Trust (+0.28%).

• The most active index warrants by value today were HSI25000MBeCW150429 (-4.12%), HSI24200M- BePW150429 (+0.60%), HSI24400MBeCW150429 (-2.99%).