SGX IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.4723 during European morning trade, the session low; the pair subsequently consolidated at 1.4749.Cable was likely to find support at 1.4631, the low of March 18 and a nearly five-year low and resistance at 1.4853, the high of March 16.The pound held steady against the U.S. dollar on Friday, after positive U.K. public sector borrowing data, while sentiment on the greenback remained vulnerable after the Federal Reserve’s latest policy statement.In a report, the U.K. Office for National Statistics said that public sector net borrowing rose by £6.22 billion in February, less than the expected increase of £7.70 billion. January’s figure was revised to a £8.93 billion drop from a previously estimated decline of £9.41 billion.

INTRADAY OUTLOOK

Support: 1.4930

Resistance: 1.4990

RECOMMENDATION:

1. Buy GBP/USD Above 1.4992-TG: 1.5012/1.5042 SL 1.4962

2. Sell GBP/USD Below 1.4928-TG: 1.4908/1.4878 SL 1.4958

INTRADAY OUTLOOK

Support: 1.0780

Resistance: 1.0860

RECOMMENDATION:

1. Buy EUR/USD Above 1.0862-TG: 1.0882/1.0912 SL 1.0832

2. Sell EUR/USD Below 1.0778-TG: 1.0758/1.0728 SL 1.0808

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +26.28 points higher or +0.78% to 3412.44, taking the year-to-date per- formance to +1.41%.

• The FTSE ST Mid Cap Index gained +0.18% while the FTSE ST Small Cap Index gained +0.36%. The top active stocks were SingTel (+1.18%), DBS (+0.50%), UOB (+1.10%), Keppel Corp (+1.84%) and Noble (+2.94%).

• The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+2.04%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (+1.84%) and Sembcorp Industries (+0.70%). The un- derperforming sector was the FTSE ST Basic Materials Index, which declined -1.82% with Midas Holdings’s share price declining -1.72% and Geo Energy Resources’s share price unchanged.

• The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.43%), ISHARES USD Asia Bond ETF (unchanged), STI ETF (+0.89%).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+4.00%), Capita- Com Trust (-2.30%), CapitaMall Trust (-0.46%).

• The most active index warrants by value today were HSI24400VTePW150429 (+2.26%), HSI24800V- TePW150429 (unchanged), HSI24200MBePW150429 (+3.36%).

• The most active stock warrants by value today were DBS MB eCW150420 (+11.97%), OCBC Bk MBeCW150803 (+8.99%), UOB MB eCW150701 (+13.08%).

Current Market Update

Tokyo (Nikkei Average NIK, +1.07% ) up 1.1% 
Hong Kong (Hang Seng Index HSI, +0.57% ) up 0.6% 
Shanghai (Shanghai Composite Index SHCOMP, +1.63% ) up 1.6% (at break) 
Sydney (S&P/ASX 200 XJO, -0.06% ) flat 
Seoul (Kospi SEU, +0.20% ) up 0.1% 
Mumbai (Sensex 1, +0.24% ) up 0.3% 
Taipei (Taiex Y9999, +0.20% ) up 0.2%