Weekly Updates 3/3/25 – 7/3/25 March 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 (24 Feb – 28 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 the announcement of the US inflation rate at 3% in Jan 2025 while it was 2.9% in Dec 2024. Market participants and the US Fed is monitoring closely on the inflation data as it has ticked up more than expectation. Potentially slowly down the forecasted Fed interest rate cuts for 2025. Furthermore, NVIDIA published their earnings on Thursday and dropped 9.73% to end the day significantly red. Even with earning beats, the market was expecting an even greater blowout to justify its elevated valuations compared to companies of similar size.
Updates for the week (03 Mar – 07 Mar 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week all eyes will be on US economic data release. The Feb ISM Manufacturing PMI is expected to show slower pace than in Jan 2025 because the Fed’s branch banks conducted a survey where there are more than 2 branches showing declines in expansions and shipments. Jobless claims are expected to reduce slightly to 235k but it will continue to reflect layoffs of federal employees. Many analysts predicted that NFP will add around 160k jobs in Jan 2025. However, President Donald Trump and DOGE’s new policies and cost saving initiatives put pressure on the unemployment rate. Analysts are forecasting an unemployment rate of 4%
US earnings releases for this week focus on major retailers like Dollar Tree, Target, Best Buy and Costco. With fierce competition and the overall US consumer still suffering from the pinch of inflation, retailers like Target and Dollar Tree has seen their Year To Date (YTD) share price decrease -9.44% and -4.72% respectively. While Costco and Best Buy YTD share price increase of 15.26% and 4.34%. Analysts and investors are eager to find out if the trends will continue. For Hong Kong earning releases this week mainly focuses on Miniso Group and JD.com. With Miniso’s YTD share price movement of -17.33% significantly underperforming the overall index, analysts and market participants are eager to see if there is a turnaround coming.
China Petroleum & Chemical Co (0386.HK) Trade by Sean Ng
Key Entry Price Pivot(s)
- $4.09
Recommended Trade
- Long Above $4.09
- Take Profit at $4.48
- Stop Loss at $3.93
Alternative Case
- Short below $4.09
- Take Profit at $3.98
- Stop Loss at $4.16
Remarks
- 0386.HK is reaching a key support level and the RSI is also in the oversold region
- Traders could potentially seek to take a long trade if it rebounds off of the support level. Otherwise, a short scalp trade could be considered
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.
