Weekly Updates 14/4/25 – 18/4/25 April 15, 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 (07 Apr – 11 Apr 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
President Trump’s announcement of aggressive tariff policies have caused a huge surge in stock market volatility reaching levels not seen in years. His unpredictable approach of imposing, adjusting and delaying tariffs has left investors navigating an uncertain landscape. All major US indexes rallied after the announcement of 90 days tariffs suspension, especially NASDAQ 100 and S&P 500 which rose by 11.4% and 8.27% for the week. Many analysts are expecting this will only be a brief relief for the markets. This volatile week has also prompted many market participants to rotate their holdings into safe haven assets like gold, since then gold has surged to a record high due to the uncertainty surrounding the global trade where a full blown trade war is blooming.
Updates for the week (14 Apr – 18 Apr 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
The upcoming macroeconomic news focuses on GDP data coming out of Singapore and China. With Singapore GDP expected to slow down from 5% prior to 4.5% expected. The GDP result for Singapore will shape MAS’s monetary policy looking forward given the current high uncertainty environment regarding global trade and tariffs. China’s industrial production and retail sales are expected to be released on Wednesday, reflecting the performance in Q1 2025, however with the current trade war between US and China, these numbers will not serve as a good indicator of upcoming quarters of production and retail sales.
This week company earnings releases mainly focus on the US where there is a mix of sectors releasing earnings including consumer staples, banking and entertainment sectors. Goldman Sachs is set to release their Q1 earnings on Monday before market opens, analysts are expecting its EPS of $12.32 which reflects a 6.4% YoY increase, however its revenue is projected to fall by almost 54% as its business is concentrated on banking investment, thus it will be vulnerable to market fluctuations. Johnson & Johnson (JNJ) being one of the favorites of investors for a dividend paying stock will also report its Q1 results, analysts are suggesting a hold rating for JNJ due to the exemption of pharmaceuticals from reciprocal tariffs which led to a positive market reaction.
USD/JPY: Downtrend Channel Trade by Louis Hee
Key Entry Price Pivot(s)
- 147.5
Recommended Trade
- Short below 147.50
- Take Profit at 143.50
- Stop Loss at 150.50
Alternative Case
- Long above level 149.31
- Take profit at 151.21
- Stop loss at 148.10
Remarks
- The daily chart of USD/JPY is showing a downtrend channel and trade below the 20-EMA.
- Traders can potentially seek to take a short trade at the upper bound of the channel. Otherwise, traders could take a long position if price breaks above the downtrend channel.
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.
