Weekly Updates 21/4/25 – 25/4/25 April 21, 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 (14 Apr – 18 Apr 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week was a short week for the US as markets closed on Good Friday. Major US equities were down last week with NASDAQ 100 down -4.37% for the week and theS&P500 down -2.94%. The sell-off came as the Federal Reserve Chair Jerome Powell mentioned during his speech that the trade war and tariffs by the Trump administration is likely to increase inflation and slow economic growth. President Trump tweeted on his media platform on how he disagrees with Jerome Powell and voices his intentions on firing him. Lastly, bond yields across the board are coming down with the Singapore10 year bond yield dropping by -3.59% to 2.57%. Signalling that the bond traders are pricing in a lower interest rate environment and a flight to safe haven assets.
Updates for the week (21 Apr – 25 Apr 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
The upcoming macro-economic news releases mainly focus on the Leading Index, Manufacturing PMI and Initial Jobless Claims from the US. With mixed expectations, such as a decrease in leading index and US Manufacturing PMI, showing potential warning signs of a slowing manufacturing sector. While New Home Sales are expected to increase, existing home sales is expected to decrease slightly..
Singapore CPI YOY is expected to be 1.1%, well within the 2% range that is the recommended long-term inflation rate.
This week all eyes will be on the US companies earnings release especially Tesla as itis a key event to many market participants. The market got a glimpse of Tesla’s delivery numbers earlier in April 2025 where they produced approximately 345k vehicles which represents a 16% YoY decline from 2024. Moreover, with recent Trump’s Administration tariffs imposed on various countries will have a huge cost impact to Tesla which most likely passed on to end-consumers. Another notable earnings release will be Alphabet (GOOGL) as investors pay attention to its report for future decision making as GOOGL’s search engine has violated antitrust laws. Recently, many people have rotated away from tech and communication stocks thus earning releases are important information for traders so they can take the opportunity to capitalise or shy away from these sectors.
Hang Seng Bank (0011.HK) Channel Trade by Sean Ng
Key Entry Price Pivot(s)
- $96.50
Recommended Trade
- Long above $96.5
- Take Profit at $109.00
- Stop Loss at $92.00
Alternative Case
- Short below $92.00
- Take Profit at $78.50
- Stop Loss at $96.50
Remarks
- HK has been trading in a channel and is reaching a key support level
- RSI is also exiting the oversold region.
- Traders could potentially seek to take a long trade if it rebounds off of the support level. Otherwise, a short trade could be considered
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.
