Weekly Updates 23/6/25 – 27/6/25 June 24, 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 (16 Jun – 20 Jun 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week the markets started strong, but ended the week with a pull-back. On last Friday, S&P 500 was down by 0.18%, Nasdaq 100 fell by 0.07% while Wall Street fell by 0.09%. The Fed did not change the interest rates, however some officials hinted at rate cuts as early as July 2025, some urged the public to be cautious due to inflation risks tied to tariffs. Oil prices spiked midweek after Israel’s strike on Iran, then cooled off. Meanwhile Nvidia and TMSC took a hit after the US officials released news about revoking the export waivers. Furthermore, escalation between Israel, Iran and the US has increased uncertainty of further military action between the countries.
Updates for the week (23 June – 27 June 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week’s upcoming macro-economic news releases mainly focuses on the US releasing GDP data, Personal income, Personal spending and manufacturing PMI. With the US’s real GDP contracting -0.2% for Q1 2025, analysts are expecting the US real GDP to contract another -0.2% for Q2 2025. Resulting in two consecutive negative GDP growth triggering a recession. Furthermore, US Manufacturing PMI is expected to drop slightly from 52 (Prior) to expected 51. Investors and Market participants should be more cautious in current highly volatile times.
This week company earnings releases mainly focus on Micron and Nike from the US. Investors will be closely monitoring Nike for any updates on how tariff uncertainty is affecting its margin and global operations. Nike has been under pressure as its supply chain mainly focuses on overseas countries affected by President Trump’s retaliatory Tariffs. On the other hand, Micron is set to report its earnings on Wednesday in the midst of changing US semiconductor policy, this export restriction might cause ripple effects across the tech sector. Market participants are focusing on Micron’s forward guidance for what to expect looking forward.
EUR/USD: Price Consolidation by Tan Peng Chien
Key Entry Price Pivot(s)
- 1.1610
Recommended Trade
- Long at 1.1518
- Stop Loss: 1.1493
- Take Profit: 1.1610
Alternative Case
- Short at 1.1610
- Stop Loss: 1.1632
- Take Profit: 1.1474
Remarks
- The EUR/USD pair has entered a period of consolidation; with price action confined to the same range established roughly two weeks ago. This suggests a continuation of range-bound movement between the key levels of 1.1373 and 1.1632 in the near term, as market participants await clearer directional cues.
- A cautious approach in this environment could involve positioning for a move toward liquidity within the range. One possible setup is a long entry at 1.1518, with a tight stop-loss at 1.1493, aiming to capture a move toward the 1.1610 level, where price has repeatedly shown resistance.
- Conversely, should the price revisit the upper end of the range without breaking higher, a short position could be considered at the 1.1610 pivot level. With a stop-loss placed just above at 1.1632, this trade would target the lower end of the range, particularly the 1.1474 level, where resting liquidity may offer a potential take-profit zone.
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.
