Weekly Updates 7/4/25 – 11/4/25 April 7, 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 (31 Mar – 04 Apr 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week was a disaster where all major US indexes fell for the 2nd day straight on Friday due to announcement of new reciprocal tariffs imposed by US to its trading partners while China retaliating against President Donald Trump’s reciprocal tariffs by imposing a 34% levy to all imported goods from the US next Thursday after the US’s tariffs go into effect. S&P 500 and Nasdaq 100 fell the most at 8.21% and 8.43% respectively, wiping out the value of the US market of USD$6.6 trillion. The Fed commented that this decision made by President Trump will most likely cause the US to face a period of weaker growth and higher production cost overall within the US as manufacturers need to source cheaper supplies.
Updates for the week (07 Apr – 11 Apr 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week’s economic calendar mainly focuses on CPI data coming out of both the US and China on Thursday 10th April. However, with tariffs about to come in to effect and retaliatory tariffs from China on the US to kick in on Friday 10th April. All market participants are on their seats to see how this trade war between the US and its trading partners will play out. Markets are reacting badly with big moves to the downside. Investors and traders are hoping that the US Fed will be able to provide some certainty in this times of uncertainty.
Only US company earnings will be released next week, especially on Friday where major banks and financial corporations like JPM, Wells Fargo, Morgan Stanley and Blackrock will be releasing their Q1 2025 earnings. Overall, financial corporations’ revenue and earnings are expected to have a moderate increase. For the future, analyst’s expectations are on the lower side as banks will be cautious of policy uncertainty surrounding the new President Trump. The forward guidance from US banks will serve as a good expectation of what is to come in both the banking sector and the US Economy as a whole.
US Oil: Triangle Pattern Nearing Key Support Levels by Jun Yuan Kwong
Key Entry Price Pivot(s)
- $65
Recommended Trade
- Long at level $65
- Take profit at $71
- Stop loss at $63
Alternative Case
- Short at level $71
- Take profit at $65
- Stop loss at $72
Remarks
- Oil prices have been forming a triangle pattern since September 2023, with support at $65 and lower highs at $94, $87, and $83.5, along with a recent failed breakout at $80. The $65 level has proven to be strong support, having been tested multiple times.
- Analyzing the daily chart of US Oil, we see that the price remains within a descending triangle. Currently, the price is approaching the triangle support, which was previously rejected in December 2021, March 2023, and September 2024.
- A potential long trade could be considered if the price reaches the support level and forms a bullish reversal bar. Given the recent strong selling pressure, it may be safer to wait for a second entry signal or a double bottom formation before entering a buy position.
- For traders looking to short oil, $71 remains a strong resistance level, as it aligns with the top of the downtrend line.
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.
