Weekly Updates 10/3/25 – 14/3/25 March 10, 2025
This weekly update is designed to help you stay informed and relate economic and company earnings to potentially value-add your CFD (Contract For Difference) trading via hedging (risk reducing). This article should be used for educational purposes only and not as financial advice. We urge all traders to carry out your own due diligence before submitting trades.
Recap for last week (03 Mar – 07 Mar 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Key Economic indicators last week show that personal spending and US retails sales are showing weakness. There is also uncertainty evolving around US tariffs and policies, this weighs on consumer spending and business activities. Uncertainties among investors and traders caused the S&P 500 to drop by 3.32% last week and the Nasdaq 100 to fall by 3.76%. There is a notable sector rotation happening as investors are taking on more defensive sectors like consumer staples and healthcare. The US10 year bond yields increased by 2.27% to 4.30%, the bond market is pricing in that the likelihood that longer term inflation in the US will be higher that justifies the higher10 year government bond rate. A worrying sign to investors and traders, putting pressure on overall asset prices.
Updates for the week (10 Mar – 14 Mar 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week ahead economic data releases are mainly only from the US. All eyes will be on the CPI data release where all market participants and the US Fed analyze the breakdown to justify any further rate cuts for 2025. Most economists expect that CPI MoM will have a modest decrease to 0.3% from 0.5%. With DOGE and President Donald Trump making big changes in Government sectors by cutting budget and even reduction of jobs, this has increased uncertainty in job security thus Initial Jobless Claims are expected to rise to 227k. With all of these in mind, analysts are forecasting the US Fed to cut interest rates by 75 basis points in 2025.
This week’s corporate earnings release mainly focuses on Oracle and Dollar General from the US and NIO and Cathay Pacific from the Hong Kong market. With OracleCorp’s share price dropping 13.28% within the span of 1 month, investors and traders will be paying attention to the earnings release and forward guidance closely to determine if the current trajectory is likely to be reversed. On top of that Dollar Generalis showing signs of growth even with fierce competition and shrinking margins. Lastly, market participants will focus on Cathay Pacific to determine the travel data in China and Asia region to forecast any potential uptick or slowdown in tourist flow and spending.
EUR/USD: Post NFP Direction By: Tan Peng Chien
Key Entry Price Pivot(s)
- 1.09340
Recommended Trade
- Short at 1.08345
- Stop Loss: 1.09340
- Take Profit: 1.05043
Alternative Case
- Long at 1.09340
- Stop Loss: 1.08750
- Take Profit: 1.11774
Remarks
- Following a worse-than-expected Nonfarm Payrolls report last week, the USD weakened, allowing the EUR/USD pair to gain ground.
- With prices reaching a previous bearish order block, we anticipate some weakness in the pair as the USD starts to recover.
- A potential trade could involve shorting the pair at 1.08345, targeting areas of imbalance below, with the first profit target at 1.06297 and the full target at1.05043. The stop loss should be set just above the order block, around 1.05043
- Alternatively, if price moves beyond the pivot point at 1.09340, we could reverse the strategy, going long at the pivot point with a stop loss at 1.08750, targeting previous highs near 1.11774.
If you have any feedback or questions, feel free to email us at samht@phillip.com.sg or onishathyeyn@phillip.com.sg or cfd@phillip.com.sg.
Disclaimer
This material is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs.
Accordingly, no warranty whatsoever is given and not liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information. Investments are subject to investment risks.
The risk of loss in leveraged trading can be substantial. You may sustain losses in excess of your initial funds and may be called upon to deposit additional margin funds at short notice. If the required funds are not provided within the prescribed time, your positions may be liquidated.
The resulting deficits in your account are subject to penalty charges. The value of investments denominated in foreign currencies may diminish or increase due to changes in the rates of exchange.
You should also be aware of the commissions and finance costs involved in trading leveraged products. This product may not be suitable for clients whose investment objective is preservation of capital and/or whose risk tolerance is low.
Clients are advised to understand the nature and risks involved in margin trading. You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualifies financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement.
You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at www.poems.com.sg) before trading in this product. Any CFD offered is not approved or endorsed by the issuer or originator of the underlying securities and the issuer or originator is not privy to the CFD contract. This advertisement has not been reviewed by the Monetary Authority of Singapore.
CFD Disclaimer
Investments are subject to investment risks. The risk of loss in leveraged trading can be substantial. You may sustain losses in excess of your initial funds and may be called upon to deposit additional margin funds at short notice. If the required funds are not provided within the prescribed time, your positions may be liquidated. The resulting deficits in your account are subject to penalty charges. The value of investments denominated in foreign currencies may diminish or increase due to changes in the rates of exchange. You should also be aware of the commissions and finance costs involved in trading leveraged products. This product may not be suitable for clients whose investment objective is preservation of capital and/or whose risk tolerance is low. Clients are advised to understand the nature and risks involved in margin trading.
You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement. You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at https://www.poems.com.sg/) before trading in this product.
Any CFD offered is not approved or endorsed by the issuer or originator of the underlying securities and the issuer or originator is not privy to the CFD contract.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
This material is intended for general circulation only and does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should seek advice from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to invest in such products.
About the author
Sam Hei Tung (Assistant Manager, Dealing) | Onisha Thye (Dealing)
Sam graduated from National University of Singapore with a Master of Science in Finance. He personally manages his own investment portfolio and does equity and economic research in his free time. Sam believes that education and information is essential to making good financial decisions.
Onisha is a dealer at the CFD Dealing Desk. She graduated from Monash University with a double major in finance and econometrics. Her natural curiosity for finance is what drove her to be in this field as she is fascinated by all the possibilities and opportunities.
