Weekly Updates 21/7/25 – 25/7/25 July 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 Jul – 18 Jul 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week the markets were caught in a tug of war between strong corporate earnings and rising geopolitical trade tensions. Good news is that all markets rose hovering near record highs, especially STI at 4191.9 as of last Friday’s close. The S&P 500 rose by 1.31%, similarly NASDAQ increased by 1.56% while the DJI surge by only 0.26%. Financials like Charles Schwab and American Express posted solid results, but indexes were pulled back slightly as the investors were dampened by newly announced tariffs on over 20 countries, sparking global trade concerns. Oil prices climbed 2.5% to $68.69 due to supply concerns and renewed Middle East Tensions.
Updates for the week (21 July – 25 July 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week’s upcoming macro-economic news mainly focuses on the US leading index, home sales data, manufacturing PMI and Singapore CPI & industrial production data. With the US finally feeling the impact of President Trump’s tariffs, macro-economic data coming out of the US is expected to be lower than prior. With Durable Goods Orders expected to drop -10.5% compared to the prior increase of 16.40%. Market participants are eager to see to what extent the tariffs impact the US economy. While Singapore CPI YoY is expected to rise slightly from 0.8% to 0.9%
This week US company earning release is dominated by the tech and industrial giants. All eyes will be on the Magnificent Seven, as Alphabet, Tesla and Intel report their Q2 results amid soaring market expectations driven by AI momentum and resilient ad spending. Alphabet’s cloud and ad segments are expected to lead growth while Tesla faces scrutiny over margins along with aggressive price cuts. Industrials like Dow, Union Pacific and Honeywell will offer investors clues on supply chain health and the tariffs impact, especially due to trade tension escalating. Meanwhile, Coca-Cola will be watched by market participants for its demand resilience. With the S&P 500 near record highs, this week’s results could either enforce bullish sentiment or trigger a reassessment if the guidance disappoints. On the other hand, Singapore Mapletree Company releasing its Q2 earnings will most likely offer insights on real estate and logistic trends.
Hong Kong Tech Index (HSTI): Potential Breakout Opportunity By Louis Hee
Key Entry Price Pivot(s)
- Above 5527
Recommended Trade
- Long above 5527
- Take Profit at 6075
- Stop Loss at 5200
Alternative Case
- Short below level 5238
- Take profit at 4850
- Stop loss at 5450
Remarks
- The daily chart of Hong Kong Tech Index is showing that there is a resistance level at 5466 to 5527 range and the chart is forming an ascending triangle pattern.
- Traders can potentially seek to take a long trade after the price breaks above 5527 resistance level. Otherwise, traders could take a short position if price fall below 5238.
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.
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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.
