🚨 Free trading workshop in 3 days 🚨 Build a solid foundation in CFDs and receive a step-by-step guide!
 
What are CFDs?
CFD is a versatile asset class that enables traders to speculate on asset price movements without owning the underlying asset, offering flexibility, leverage, and opportunities to profit in both rising and falling markets.
 
In uncertain market conditions like right now, CFDs provide a unique advantage by allowing traders to capitalise on increased volatility and adapt their strategies to maximise returns. Attend this workshop to learn how you can start to do so!
 
In this workshop, you will learn:
🟢 Key Concepts of CFDs: Mechanics, Margin, Leverage
🟢 Benefits of Trading CFDs
🟢 How to Use CFDs During a Market Downturn
🟢 How to Execute CFD Trades: Step-by-step guide
 
And more!
 
📅 5 Sep (Thu), 6.30pm
📍 Phillip Nova, Raffles City Tower L7
🔗 Limited seats left, register now!

While gold prices seemed to gain some strength against the US dollar, what are some key events that investors and traders should look out for that could potentially signal where gold prices could head in the near and mid-terms? 🧐 Read our latest Market Trends article to learn these and more - https://bit.ly/479c9Ka.

In our Flash Deal promotion for September, trade COMEX Gold Futures & Options at just 50 cents*. Learn more about promotion here – 📈💼 https://t.ly/o_7KX.

For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

🟧 US Labor Data in focus this week; Asian equities steady amid China economic woes

3 September 2024
🔶 Nasdaq 100 Index 19574.64, -
🔶 S&P 500 Index 5648.4, -
🔶 Dow Jones Indus Avg Index 41563.08, -

🙂 US markets were closed yesterday due to Labor Day Holiday. US equity futures edged lower, while showing small gains for equity benchmarks in Tokyo and Hong Kong. The Dollar edged higher after its worst month this year. Gold held near $2,500 as traders look ahead to US labor data. Oil rose after Libya declared Force Majeure at key oilfield El-Feel amid a widening shutdown of production in the OPEC member. The field was previously pumping about 70,000 barrels a day.

🇨🇳 China Manufacturing PMI contracted for a 4th straight month in August, declining to 49.1 from 49.4 in July, fueling concerns that the world's 2nd largest economy may struggle to meet its 5% growth target. The Caixin Manufacturing PMI recovered to 50.4 but both the input prices and output prices sub-indexes fell. China Vanke, one of the biggest developers, reported a half-year loss for the first time in over 2 decades.

🌍 A ban on Elon Musk's X in Brazil was upheld by all 5 judges on a Supreme Court panel. Those who access the social network via VPN will be fined.

👀 ISM Manufacturing PMI data will be released later today at 22:00 SGT. JOLTS Job Openings data will be due on Wednesday at 22:00 SGT. Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings data are due on Friday at 20:30 SGT. Crucial US labor data will serve as a guide for how quick, or slow the Fed will cut rates.

Exciting News! Our ZERO Spread, ZERO Commission* FX offer has been extended until 30 September! 🎉 Keep trading the AUD/USD pair from as low as 0.0 pips on Phillip MetaTrader 5 all through September!

👉 Don’t miss out on these unbeatable trading conditions!

Sign up on the interest form here to take advantage of this exclusive offer. Happy Trading!

🔍Today’s Opportunity Spotlight

CapitaLand Integrated Commercial Trust (SGX: C38U) SGD 2.13 (3.4% YTD) CICT is the largest S-REIT by market cap, investing in income-producing assets primarily used for commercial (retail and/or office) purposes. Its retail/integrated portfolio include Bugis Junction & Plaza Singapura; while its office portfolio include Raffles City Tower & CapitaGreen. CICT is reported to acquire a 50% interest in Ion Orchard, with the acquisition expected to be DPU-accretive.
 
NPI could rise in 2H with more contribution from Clarke Quay following its AEI and official relaunch on 26 April 2024.
 
Try a Phillip Nova 2.0 demo for Stocks & ETFs trading here -  https://bit.ly/49lNstU. Try a Phillip MT5 demo for Shares CFD trading here – https://bit.ly/3R7wDMO.  
For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

☕Robusta coffee futures rose to its highest level 📈since the 1970s following concerns of tighter supplies from Vietnam and output concerns in Brazil following the worst drought seen in four decades. The lower supply in the market is breathing volatility into prices. Just last Friday, prices hit a high of $5,000 a ton before dipping 5.5% on Monday. The recent rally in the prices of Robusta coffee has also shaved off its discount to the more premium Arabica variety, with the spread seen last week the smallest observed for data going as far back as 2008. Read the full article here - https://bit.ly/47ec3Rp.
 
Capture opportunities in coffee with the ICE Robusta Futures with Phillip Nova. Open an account here - https://t.ly/uiMTr.

For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

🚨 Flash Deal Alert – Amid a backdrop of uncertainty, geopolitical tensions and impending rate cuts, you could be looking at opportunities in Gold. Trade COMEX Gold Futures and Options at only 50 cents* in the month of September 2024. Enjoy this promotional rate when you trade with Phillip Nova. Learn more here - https://t.ly/XaqOm.
 
For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

🔍Today’s Opportunity Spotlight

iShares Preferred and Income Securities ETF (Nasdaq: PFF) 📈  $32.11 (7.29% YTD)
 
PFF tracks the ICE Exchange-Listed Preferred & Hybrid Securities Index, providing exposure to US preferred stocks which have characteristics of both bonds (fixed dividends) and equities (ownership in a company). Preferred securities typically have a higher claim on dividends and assets than common equities as they rank higher in the capital structure. Yields on preferreds tend to be higher than common equity and comparable to high-yield bonds, while having better credit quality. 💵
 
47.27% of the fund is composed of investment-grade preferreds with 'BBB' credit rating .
 
Try a Phillip Nova 2.0 demo for Stocks & ETFs trading here -  https://bit.ly/49lNstU. Try a Phillip MT5 demo for Shares CFD trading here – https://bit.ly/3R7wDMO.  
For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

👀 PIMCO signals a potential BOJ rate hike in early 2024, with a keen interest in long-term JGBs due to rising yields. How could this impact your investment strategy? For more details, check out the full article here

Trade Nikkei 225 Futures with Phillip Nova, a member of PhillipCapital Group. The Group has clearing memberships with global exchanges like SGX, JPX, and CME Group.

Ready to explore the Nikkei 225? Trade SGX Nikkei 225 Futures with Phillip Nova at just 50 cents per contract! Plus, stand a chance to win tickets to Japan! 🎟️ Start your trading journey today. Learn more here

*For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

#Japannews #WinticketstoJapan #Investing #Japan #BOJ

🔶 Wall Street slightly down after weak jobs data; Probability of 50bps Sept rate cut jumps

5 September 2024
📉 Nasdaq 100 Index 18921.4, (-0.20%)↓
📉 S&P 500 Index 5520.01, (-0.16%)↓
📈 Dow Jones Indus Avg Index 40974.97, (0.09%)↑

😟 The S&P 500 and the Nasdaq fell for a 2nd straight session in a lackluster start to September. Nvidia saw its worst 2-day plunge since October 2022. Treasury yields fell. 6 of 11 sectors were in the red, with Utilities leading gains while Energy led losses. Gold gained as weak US jobs data bolsters rate cut bets. WTI settled below $70 a barrel as demand concerns overshadow potential OPEC+ supply increases. The VIX (+2.90%) increased to 21.32.

🔎 In a sign of ongoing cooling in the labor market that could strengthen the Fed's hand to begin cutting rates at its next meeting later this month., JOLTS Job Openings dipped in July, falling to its lowest since January 2021, at 7.673m from a downward revised 7.910m in June, which was well below consensus estimates of 8.1m. The likelihood of a 50bps Sept rate cut rose to 44% from 38% just a day ago (CME FedWatch).

🗣️ Raphael Bostic said the Fed’s dual mandates of stable prices and full employment are in balance but he’s “not quite prepared” to claim victory on inflation. The Fed's Beige Book showed stagnant and declining US activity.

🇯🇵 Japan real wages rose unexpectedly by 0.4% YoY, keeping the BOJ on a rate hike path. The Yen strengthened to around 143 against the Dollar following the data release.

🇨🇳 China is considering cutting rates on as much as $5.3 trillion of mortgages as authorities attempt to shore up the battered property market.

👀 Jobless Claims are due tonight at 20:30 SGT. Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings data are due on Friday at 20:30 SGT. Crucial US labor data will serve as a guide for how quick, or slow the Fed will cut rates.

🧐 Nvidia (-1.66%) fell as the the company denied a media report that it received a subpoena from the DOJ. AMD (+2.87%) rose after it named former Nvidia executive Keith Strier as senior vice president of global AI markets. Zscaler (-18.67%) plunged due to disappointing profit guidance for the upcoming fiscal year. Dick’s Sporting Goods (-4.89%) fell on disappointing full-year guidance. Dollar Tree (-22.16%) sank after the discount store operator trimmed its annual sales and profit forecasts. US Steel (-17.47%) fell on rpeorts President Biden is preparing to formally block Nippon Steel's acquisition. GitLab (+21.64%) soared on strong results and raised forecast.

🔍Today’s Opportunity Spotlight
iShares 7-10 Year Treasury Bond ETF (Nasdaq: IEF) $97.99 (+4.02% YTD) IEF tracks the ICE US Treasury 7-10 Year Bond Index, providing exposure to intermediate-term US Treasury bonds. 💵 The fund has a 5-star Morningstar rating. Intermediate-term bonds provide a balance between income and exposure to interest rate risk.
 
Intermediate-term bonds tend to be less sensitive to rate fluctuations compared to long-term bonds, making them a safer option during periods of interest rate volatility.
 
Try a Phillip Nova 2.0 demo for Stocks & ETFs trading here -  https://bit.ly/49lNstU. Try a Phillip MT5 demo for Shares CFD trading here – https://bit.ly/3R7wDMO.
For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

🏯📈Japan’s real wages grew 0.4% from a year earlier, rising for the second month on the trot, supported by pay rises and bonuses given out by homegrown businesses in the summer. Apart from real wages, nominal wages, which refers to the average monthly earnings per worker including overtime and base pay, edged higher by 3.6%, rising for the 31st month in a row. Special cash earnings, which normally refers to bonuses paid, was also up 6.2%, largely driven by more companies willing to pay bonuses now as compared to a year ago. Analysts are of the view that with nominal wages on an upward trajectory, it provides the BOJ with the added conviction to further rate hikes in the future. Read the full article here -  https://bit.ly/3ziVJ5k.

Win Tickets to Japan!
Trade SGX Nikkei 225 Futures with Phillip Nova and win a pair of tickets to Japan. Learn more here -  https://bit.ly/3ySGyj0. ✈️🎟️
 
For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

🔴 Upcoming webinar: Strategic Trading Amid US Elections and Interest Rate Changes
 
The financial markets are entering a critical phase with key events like the US elections and interest rate changes on the horizon that could potentially drive significant movement to gold prices.
 
This webinar will equip you with actionable knowledge of how you can use simple technical analysis to navigate potential challenges and seize market opportunities in gold driven by key upcoming market events. 
 
You will learn:
🟢 Why precious metals like Gold and Silver are gaining attention
🟢 How to maximise returns with perpetual futures contracts
🟢 How optimise returns with limited capital
🟢 How to minimise risk through simple technical analysis
 
📅 10 Sep (Tue), 7pm-8pm
📍 Online
🔗 Register here

🔶 US stocks wobble ahead of key labor data

6 September 2024
📈 Nasdaq 100 Index 18930.33, (0.05%)↑
📉 S&P 500 Index 5503.41, (-0.3%)↓
📉 Dow Jones Indus Avg Index 40755.75, (-0.54%)↓

🙂 US stocks wobbled as traders await US payrolls. 8 of 11 sectors were in the red, with Consumer Discretionary leading gains while Healthcare led losses. Oil was little changed despite bullish signals from OPEC+ delaying a planned output hike. The VIX (-6.66%) decreased to 19.90. Hong Kong will cancel its morning stock trading due to Super Typhoon Yagi.

🔎 US companies added the fewest jobs last month since the start of 2021, as ADP employment change data showed private payrolls increased by 99,000 jobs in August, compared to a downwardly revised total of 111,000 in July. Initial jobless claims fell to 227,000 last week from a revised 232,000. ISM’s services index was slightly higher at 51.5. The data firmed up bets on bigger fed rate cuts.

🗣️ Austan Goolsbee said economic data trend justifies multiple rate cuts, as "inflation is coming down very significantly, and the unemployment rate is rising faster". Mary Daly said the Fed needs to cut rates to keep the labor market healthy.

🇺🇸 The US is imposing new export controls on critical technologies including quantum computing and semiconductor goods, targeting China and other adversarial nations. The rules exempt countries with similar measures. Elsewhere, Donald Trump pledged to cut the corporate tax rate to 15%, a sharp reduction from the current 21% level.

👀 Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings data are due tonight at 20:30 SGT. Crucial US labor data will serve as a guide for how quick, or slow the Fed will cut rates.

🧐 Tesla (+4.90%) rose after the EV maker said it would launch its advanced driver assistance in Europe and China in Q1 2025. JetBlue Airways (+7.16%) surged after hiking its forward guidance for Q3. Hewlett Packard Enterprise (-6.02%) tumbled as its beat and Q4 raise was overshadowed by a dip in margins, pressured by the mix shift to servers. ChargePoint (-17.75%) plummeted after the EV charging company missed estimates and announced plans to cut 15% of its workforce.. After hours, Broadcom (-6.73%) plunged despite beating estimates, after it issued revenue guidance for Q4 that was below expectations, citing sluggish non-AI sales.

🔍Today’s Opportunity Spotlight
iShares MBS ETF (Nasdaq: MBB) $95.82 (+4.27% YTD) 🏠MBB tracks the Bloomberg U.S. MBS Index, providing exposure to US mortgage-backed pass-through securities, where cash flows from a pool of mortgage payments are passed-through from issuers to investors. MBB consists of investment-grade Agency MBS that are issued and guaranteed by government sponsored enterprises such as Freddie Mac. Thus, credit risk is low.
 
Yields for MBS tend to be higher than comparable Treasuries to compensate investors for prepayment risks, which tends to rise when rates fall and homeowners refinance their mortgages, resulting in negative convexity.
 
Try a Phillip Nova 2.0 demo for Stocks & ETFs trading here -  https://bit.ly/49lNstU. Try a Phillip MT5 demo for Shares CFD trading here – https://bit.ly/3R7wDMO.  
For applicable terms and conditions and a full risk disclaimer, please refer to www.phillipnova.com.sg. This ad has not been reviewed by MAS.

⬇️ Wall Street falls as Jobs Data Spark Concerns; S&P 500 sees worst week since March 2023

9 September 2024
📉 Nasdaq 100 Index 18421.31, (-2.69%)↓
📉 S&P 500 Index 5408.42, (-1.73%)↓
📉 Dow Jones Indus Avg Index 40345.41, (-1.01%)↓

😨 US equities fell last Friday as weak August jobs data sparked concerns that the Fed may have waited too long to cut rates. The S&P 500 notched its worst week since March 2023. 10 of 11 sectors were in the red, with Communication Services leading losses, while Real Estate was the sole sector in the green. Oil and Gold fell. The VIX (+12.46%) increased to 22.38

🔎 Data on Friday showed that nonfarm payrolls rose by 142,000 last month, while data was downwardly revised in the past 2 months, leaving the three-month average at the lowest since mid-2020. The jobless rate edged down to 4.2%, the first decline in five months, reflecting a reversal in temporary layoffs.

🗣️ After jobs data was released, Fed Governor Christopher Waller said he’s “open-minded” about the potential for a bigger rate cut, adding that the jobs data "requires action". Janet Yellen said there are no “red lights flashing” for the financial system as the US economy comes in for a soft landing. The Fed now must decide if a quarter-point rate cut will be enough for workers when policymakers meet this month as inflation cools and the labor market slows.

🇺🇸 Donald Trump pledged to enact a 100% tariff on goods from countries that shun the Dollar. Elsewhere, Trump led Harris 48% to 47% in a NYT-Siena College national poll, suggesting that the VP's month long rising wave of support may have stalled ahead of Tuesday's critical debate.

🇯🇵 Japan Q2 GDP expanded 2.9%, slightly lower than estimates, but still a rebound from Q1 and likely enough to keep the BOJ on track to raise rates later this year. The Yen was slightly weaker against the Dollar early Monday, while the Nikkei 225 slumped as much as 3%, tracking movements in the US.

🇨🇳 The PBOC did not add any gold to its reserves for a 4th straight month in August, as record high prices of the precious metal weigh on central bank demand.

👀 China CPI and PPI data are due today at 09:30 SGT. All eyes will be on US CPI data this Wednesday at 20:30 SGT.

🧐 Tech shares led the decline, with Nvidia (-4.09%), Tesla (-8.45%), Intel (-2.63%), and Amazon (-3.65%) all down. Broadcom (-10.63%) plunged despite beating estimates, as it issued revenue guidance for Q4 that was below expectations, citing sluggish non-AI sales. DocuSign (+3.97%) rose after beating estimates, fueled by strong subscription growth. UiPath (-6.04%) tumbled as a better than expected Q2 and stock repurchase program were unable to offset the tech-led market selloff.