SGX Singapore Closing Market Update

An agonisingly boring session on Tuesday finished with the Straits Times Index just about managing to stay in the black - up 3.13 points at 3,413.26 with tepid volume of 1 billion units worth S$1 billion and with the entire market recording 239 rises versus 173 falls.

Brokers said an uncertain Wall Street probably contributed to the ho-hum session, as did an indifferent Hong Kong. In Monday's session in the US, major indices traded higher throughout the session but ended weaker on the day - exactly the same pattern exhibited in Hong Kong on Tuesday. The STI's positive closing however, suggested the US market would probably close higher on Tuesday.

IForex Signal Update


Forex EURGBP Recommendation of 24 - MARCH. - 2015

✔We Hit FIRST ✔

International Forex #EURGBP HITS TARGET PLEASE BOOK PARTIAL PROFIT

■■ BUY EUR GBP ABOVE 0.7320 TARGET 0.7350 0.7400 SL 0.7180

SGX IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.4839 during European morning trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.4867, retreating 0.57%.Cable was likely to find support at 1.4720, Friday’s low and resistance at 1.5012, the high of March 19.The pound dropped against the U.S. dollar on Monday, as the greenback regained some ground after declining sharply last week on the back of fresh uncertainty over the timing of a U.S. rate hike, while markets eyed upcoming U.K. data on industrial orders expectations.The dollar remained under pressure amid uncertainty over the path of U.S. monetary policy after the Federal Reserve downgraded its forecasts for growth and inflation and lowered its interest rate projections last week.


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