Weekly Updates 28/4/25 – 2/5/25 April 28, 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 (21 Apr – 25 Apr 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week all equities markets had a brief rally as the US Administration is easing their stance on tariffs announced earlier this month where the 90 days pause on tariffs marked the significant first step providing an opportunity for negotiations and reassessments. Recently, analysts’ report indicated that US officials are considering a reduction in tariffs for China imports into the US to reduce some tensions. In response, China is evaluating exemptions for certain US goods as costs continue to rise signalling a willingness to cooperate. Beyond US-China trade relations, the US has on-going negotiations with a few other countries like South-Korea and India. With major economies reassessing trade barriers and reconsidering the protectionist policies imposed, global markets have responded favorably to these developments with Nasdaq 100 rose the most last week by 7.82%. As negotiations progress, investors will be watching closely for concrete policy shifts in key countries that could shape economic trajectories for the upcoming months.
Updates for the week (28 Apr – 02 May 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week’s macro economic releases mainly focuses on GDP and employment data coming out of the US and manufacturing data coming out of China. With US GDP annualized QoQ expected to drop to 0.4% compared with 2.4% prior. ADP employment and Change in non farm payroll (NFP) expected to be lower with NFP dropping to 130k compared to prior of 228k. From the expected macro data from the US, it can be seen that analysts expect weaker data leading in to Q2 2025.Potentially signalling a slow down in the US economy and consumer. Furthermore, manufacturing data coming out of China is expected to drop slightly with China Manufacturing PMI expected to be 49.8 compared to prior of 50.5.
US earnings releases for this week focus on Meta, Microsoft, Apple and Amazon with a few other consumer staples companies. Meta platform is set to release its Q1 earnings on Wednesday where many analysts are expecting its growth to slow down as recent US tariffs on Chinese imports could weigh on its ads revenue particularly from fast fashion e-commerce platforms like Shien and Temu. There are also declining user engagement in Facebook and Instagram as people flood to Rednote. Investors are watching closely to see if Meta’s AI-driven ad pricing and value can help to potentially offset declines in advertising demand. Amazon will be releasing its Q1 earnings on Thursday, consensus is expecting Amazon to perform below Wall Street’s expectations due to Trump’s tariffs where 2025 global tariffs presents a new challenge potentially increasing its costs across its marketplace. As for Apple Q1 earnings report, analysts expect its YoY growth to improve as consumers will buy new products ahead of Trump’s tariffs.
Gold: Fibonacci Retracement by Jorell Low
Key Entry Price Pivot(s)
- 3228.28
Recommended Trade
- Long at 3228.28
- Stop Loss: 3150
- Take Profit: 3383.79
Alternative Case
- Short at 3228.28
- Stop Loss: 3285
- Take Profit: 3084.73
Remarks
- Gold has been bullish and just broken previous All-Time-High (ATH)
- Price is currently hovering near the 61.8% retracement, which is a bullish support zone.
- As the current trend remains bullish, recent candles show smaller body sizes which suggest possible consolidation and buyers stepping in. If price is able to hold the 50% level, we can capitalize on the bullish momentum by entering long positions if the 50% level holds at 3228.28. The target is set at the 78.6% level of 3383.79, with a stop loss around 3150.
- Alternatively, if the price breaks below the pivot of 3228.28 and struggles to stay above it, the strategy shifts to a short position, targeting the 23.6% level of 3084.73, with a stop loss around 3285.
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.
