Weekly Updates 3/2/25 – 7/2/25 February 3, 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 (27 Jan – 31 Jan 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 the surprise launch of DeepSeek Ai from China which rivals the US Big tech company’s AI model like ChatGPT from OpenAI and Google’s Gemini across benchmark tests. Sending NVIDIA 17% lower in one day a loss of ~$570 Billion USD in market cap breaking the record of largest drop in market cap in a day from Meta (Facebook). Furthermore, over the weekend, President Donald Trump announced sweeping tariffs on Mexico (25%), Canada (25%) and China (10%) with the European Union coming up next. Canada have already put forth measures to retaliate with tariffs of their own on US imports.
Updates for the week (3 Feb – 7 Feb 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week ahead mainly focuses on China Caixin PMI Mfg, Manufacturing data, employment data and Trade Balance data coming out of the US. With the recent proposed tariffs US President Trump going to enforce to countries US have a huge trade deficit with, market participants are eager to find out how a potential trade war between US and its biggest trade partners will affect the global markets.
US earnings releases for this week focus on more tech related earnings – Google, Amazon, Palantir, AMD, Qualcomm, Fortinet, Cloudflare. Several large consumer brands are also releasing results in the current week – Pepsi, Spotify, Chipotle, Mondelez; alongside lower than expected NPF forecast growth numbers on Friday. Healthcare is another sector to look out for with large cap companies releasing earnings – Pfizer, Merck, Boston Scientific, Eli Lilly. Meanwhile in Singapore, earnings this week continue to focus on REITs with Guocoland, KIT, CICT Parkway Life, CLAR, CLCT & HPH Trust. Pan-United’s stock price had risen over 10% in 2025 amid the positive outlook of Singapore’s public construction sector. Projects like Changi Airport Terminal 5, Cross Island MRT Line and increased BTO housing projects would be a catalyst in their concrete mix sales.
GOLD: Breaking All Time Highs by Jorell Low
Key Entry Price Pivot(s)
- 2781.46
Recommended Trade
- Long at 2789.07
- Stop Loss: 2781.46
- Take Profit: 2817.33
Alternative Case
- Short at 2781.46
- Stop Loss: 2789.07
- Take Profit: 2717.33
Remarks
- Gold has just broken previous All-Time-High (ATH)
- The price has tested both the upper and lower bounds of the channel, continuing to form higher lows and higher highs.
- As the price remains in the discount region of the channel, we can capitalize on the bullish momentum by entering long positions if the previous ATH holds at 2789.07. The target is set at the previous high of 2817.33, with a stop loss around 2781.46.
- Alternatively, if the price breaks below the lower boundary of the channel, the strategy shifts to a short position, targeting the support level of 2717.33, with a stop loss around 2789.07.
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.
