Weekly Updates 30/6/25 – 4/7/25 July 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 (23 Jun – 27 Jun 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week the US stock market posted solid gains across all major indexes, with the Nasdaq rising 4.63%, followed by Dow Jones Index 4.13% while the S&P 500 rose by 3.77%. Investors’ sentiment was lifted by the growing expectations of 3 Fed cuts this year, most likely starting in September where the officials signaled a more dovish stance. Some economic data showed signs of slowdown like weaker consumer spending while more people are filing for unemployment. There are easing tensions in the Middle East which helped calm the market and keep the positive momentum going.
Updates for the week (30 June – 4 July 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week’s upcoming macro-economic news revolves around the US releasing employment data like ADP Employment change, change in nonfarm payrolls and unemployment rate. Analysts expect the employment data from the US to cool a bit with the unemployment rate expected to rise slightly from 4.2% to 4.3%. China is releasing its Manufacturing PMI data and Caixin PMI, both are expected to increase slightly showing progress in the China manufacturing sector and overall confidence.
This week US company’s earnings activity is relatively light ahead of the US Independence Day holiday, but a few notable companies are reporting. Constellation Brands are posting their results on 1st July with expected EPS of US$3.31 driven by robust demand for its premium beet portfolio. MSC Industrial is also releasing its earnings on the same day where analysts are expecting a US$1.30 EPS as the industrial activity remains steady. Something to note on Olam group from SG is that they are conducting an EGM to discuss its restructuring plans where investors are laying their eyes on this discussion to gain insights on its future direction.
Gold: Bullish Channel By Jorell Low
Key Entry Price Pivot(s)
- 3293.03
Recommended Trade
- Long at 3293.03
- Stop Loss: 3247.41
- Take Profit: 3500
Alternative Case
- Short at 3247.41
- Stop Loss: 3293.03
- Take Profit: 3165.07
Remarks
- 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 at 3293.03, at the 61.8% Fibonacci retracement level. The target is set at the previous high of 3500, with a stop loss around 3247.41
- Alternatively, if the price breaks below the lower boundary of the channel, the strategy shifts to a short position, targeting the support level of 3165.07, at 38.2% Fibonacci retracement level, with a stop loss around 3293.03.
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.
