Weekly Updates 24/2/25 – 28/2/25 February 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 (17 Feb – 21 Feb 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week’s market action revolved around US inflation and slow economic growth data. US equity indices had taken a hit last week while Hong Kong and China equities indices have closed higher. STI closed higher last week, carried by the highly weighted financial sector. The US dollar weakened in the past week especially after the FOMC meeting minutes released as inflation was still above the Fed’s target at 2%. US treasury may also show a slowdown from the FOMC meeting minutes from quantitative tightening. Bessent’s interview with Bloomberg also strengthen the push in lowering long term-yields, in line with the Trump administration to contain the 10-year treasury yields.
Updates for the week (24 Feb – 28 Feb 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week mainly focuses on US economic data. Consumer confidence will most likely deteriorate in Feb from 104.1 to 102.7 due to the payrolls showing there are less new jobs in Jan. A lot of consumers are worried about inflation which will impact their personal finances. Also, New home sales are expected to fall from 689k to 675k in Jan due to the cold winter back in Dec. It is also because of higher mortgage rates which cause new home sales to be lower and the inventory of new homes to spike in the near term. Jobless claims will continue to be higher for the week ended 22 Feb due to the layoff announcements in both public and private sectors as it is a part of President Trump’s plan to reduce the size of the government sector significantly.
US earnings releases for this week focus on Home Depot and NVIDIA. Home Depot’s last earnings call mentioned that macro uncertainty remains and continues to pressure home improvement demand. NVIDIA’s fiscal 2026 and 2027 data center revenue estimate was raised to 181.94 billion USD and 223.71 billion USD respectively. Other technology services companies are also releasing earnings; Workday, Salesforce, Snowflake, Dell and Autodesk. Hong Kong earnings focuses on HKEX. Bloomberg had revised a decrease in dividend estimates for HKEX while an increase for CLP Holdings and Budweiser. Bloomberg analysts foresee that China’s new IPOs would revolve around robotics after President Xi’s meeting with top Chinese tech company leaders amid the thematic AI trend. Meanwhile in SG, several large cap companies are releasing earnings; OCBC, Citydev, YZJ Financial, ST Engineering, HongKongLand, CapitalLandInvest, Sembcorp, Jardine C&C and OLAM Group. Investors are eyeing on OCBC’s results after the recent positive earnings release from DBS and UOB. Singapore’s budget focusing on AI and cybersecurity spending would benefit ST Engineering as revenue from digital systems and cyber had been on the rise in the past financial years.
USD/JPY: Potential Long Opportunity near Support Level by Louis Hee
Key Entry Price Pivot(s)
- 148.56
Recommended Trade
- Long above 148.56
- Take Profit at 154.87
- Stop Loss at 145.87
Alternative Case
- Short below level 148.25
- Take profit at 142.16
- Stop loss at 151.87
Remarks
- The daily chart of USD/JPY is approaching its support level at 148.56.
- Traders can potentially seek to take a long trade if the price bounces back after it hits the support level. Otherwise, traders could take a short position if price breaks below the support level.
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) | Jing Khai Gan, 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.
Jing Khai graduated from Monash University with a Bachelor’s degree majoring in Econometrics and Finance. His interest is in exploring the use of technology into trading. He builds algorithms and test trading ideas for trading robots as he believes full automation is the future of finance.
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.
