Market Trends
Stay abreast of market movements with the latest reports and relevant articles.
What’s Next For Oil?
23 April 2020
WTI Crude Oil Futures saw an all-time low of -$40.32 per barrel right before its Tuesday expiration of the May contract and closed at -$37.63 per barrel (20 Apr).
How did this happen?
To cope with severe physical delivery problems as the contract expires, the Chicago Mercantile Exchange (CME) allowed crude oil prices to go below $0.
Catching CFD Opportunities in a Covid-driven Q2
16 April 2020
In Quarter 2 (Q2) of 2020, Covid-19 remains the key driver of market sentiment.
While it is still too early to determine the effectiveness of monetary and fiscal support rolled out by countries worldwide to cushion Covid-19’s blow to the economy, it is important to note that these support measures were planned on the premise that Covid-19 could be controlled by Q2. With many countries still on lockdown, there is little evidence suggesting drastic improvement or peaking of Covid-19 cases globally.
Catching FX Opportunities in a Covid-driven Q2
16 April 2020
In Quarter 2 (Q2) of 2020, Covid-19 remains the key driver of market sentiment.
While it is still too early to determine the effectiveness of monetary and fiscal support rolled out by countries worldwide to cushion Covid-19’s blow to the economy, it is important to note that these support measures were planned on the premise that Covid-19 could be controlled by Q2. With many countries still on lockdown, there is little evidence suggesting drastic improvement or peaking of Covid-19 cases globally.
Calling MT5 users. Now you can trade CFDs on your favourite platform!
16 April 2020
Fans of Metaquotes’ latest platform MetaTrader 5 (or MT5) now have more reasons to cheer. The MT5 platform is now even more powerful with the ability to trade contracts for difference, or CFDs.
CFDs work through an agreement between two parties to settle the difference between the opening and closing prices of the contract.
Market Jitters Soothed, Cautious Sentiments Remain
10 March 2020
Despite strong pessimism when the US cash markets opened last night (9 March), some market recovery was observed early this morning (10 March). US President Trump floated a payroll tax cut and substantial relief for industries that have been hit by the COVID-19 epidemic – a reversal on his previous statement on the need for economic stimulus.
US Treasury Secretary Mnuchin, also gave commitment to use all tools for the economy. More details on the economic steps are due to be announced tonight.
Global Indices Crippled, Oil Prices Plunged
9 March 2020
Amidst the chaos of COVID-19 crippling global indices and economies, the plunge in oil prices this morning (9 March) sent a shockwave through the global index futures market. The US futures market saw the rare occurrence of a limit down, where prices tested the futures limit prices and would not able to be traded below until cash markets open at 9.30pm tonight – a strong indication that the markets are still fearful of the economic impact the COVID-19 epidemic will bring.
Have oil prices touched the bottom?
9 March 2020
Where are oil prices headed?
Crude oil prices are currently driven by the following:
- Demand erosion caused by the coronavirus
- Breakdown of OPEC+ agreements, coupled with the expectations of Russia and Saudi Arabia ramping up productions
Looking ahead, the oil markets are going to be volatile and will be more sentiment driven and moving on news events. Currently, the lows established 5 year ago are being tested. However this low price would attract some bargain hunting as such lows cannot be sustained by the oil industry. Once Russia and Saudi Arabia come to some sort of agreement and the spread of the coronavirus slows down, markets would rally.
Coronavirus Woes Deepening: Why now?
20 February 2020
Coronavirus Woes Deepening: Why now?
The worst seems to have passed for China, with daily cases of COVID-19 reaching new lows. However, the markets have not reacted favorably to this news and instead, we observe several equities and commodities reaching new lows. One of the biggest questions investors faced on Monday is: “Why now?”. Indeed, most investors would expect markets to react violently when cases of COVID-19 peaked in China, with the cause and means of transmission remaining largely unknown. This can be easily explained: The trade war has already caused enough damage to the Chinese economy and most investors have priced in China’s declining economic growth. Another blow to the Chinese economy will not have a large impact on investors’ sentiments.
There is currently no end in sight, as scientists scramble to find a cure for the infectious virus. With a long incubation period and possible asymptomatic infection, the number of people who are infected with the virus could be larger than what is currently reported.
Allaying COVID-19 fears via futures trading
20 February 2020
Allaying COVID-19 fears via futures trading
The Coronavirus 2019 has currently infected more than 75 204 individuals worldwide, with approximately 99% of the cases contained within China. The fast-spreading respiratory disease has caused widespread panic, visible through the global mask shortage and supermarket runs by spooked citizens.
There is currently no end in sight, as scientists scramble to find a cure for the infectious virus. With a long incubation period and possible asymptomatic infection, the number of people who are infected with the virus could be larger than what is currently reported.
6 Tips On Choosing the Right CFD Platform
11 February 2020
1. Choose a platform that offers multiple asset classes.
The Phillip MetaTrader 5 (MT5) platform offers spot forex, spot gold, spot silver in addition to CFD indices, allowing you to create a comprehensive trading strategy across various asset classes, mitigate risk and capitalise on market movements.
2. Choose a platform that is flexible and functional.
Equipped with an auto trading function and advanced charting and trading tools, the Phillip MT5 gives you more time to hone your trading strategies. The Autochartist pattern recognition tool helps you scan for opportunities round the clock and alerts you to place a trade. You can automate your trading strategies with Expert Advisors and use Technical Analysis to help you trade better.
Phillip Nova – The smart trading platform for a smart nation
3 February 2020
Singapore has, in recent years, continued its push toward becoming a smart nation, by adopting and embracing new technology and artificial intelligence that transforms the way we live and work for the better. These changes can be seen from our public services, including MyInfo and PayNow, and will continue to impact other areas of our lives. Phillip Futures has kept up with these changes by adapting their trading services and platforms to many of these initiatives, in order to provide added convenience to their customers and cater to their needs. Their latest offering, Phillip Nova, is yet another innovation in this direction.
What’s Next For The UK? Here are 3 Possible Scenarios | A Roundtable Discussion
22 October 2019
The Pound’s strength and Gold’s price are dependent on Brexit’s outcome. With the 31 October deadline approaching and assuming no extension is offered, UK is faced with three possible scenarios. How should investors trade?
Over the weekend, we ran a roundtable discussion with five of our experts – Head of Forex Kenneth Tan (KT), Senior Strategist Jerome Lee (JL), Dealer Lim Jinru (LJR), Dealing Manager Wilfred Chong (WC) and Strategist Lee Yijie (LYJ).
Teyu Che Chern awarded “CEO of the Year” on Phillip Futures’ customer-centric focus
2 October 2019
In recent years, Phillip Futures has made huge strides in building a customer-focused business. From being the first in Singapore to support the powerful multi-product platform Metatrader 5 (MT5), to partnering MyInfo for a seamless account opening experience, Phillip Futures has kept its focus on providing platforms and support that customers want and need. Phillip Futures’ Chief Executive Officer (CEO), Teyu Che Chern, was the man who steered the company in its current direction over the last 13 years, with a clear vision of what the business had to become, amid changing global headwinds.
As a mark of recognition from industry practitioners, Teyu was awarded “CEO of the Year” on Sept 25, at the FOW and Global Investor Asia Capital Markets Awards 2019.
I took just minutes to open a futures account online with Phillip Futures!
21 August 2019
Before you can delve into futures trading, you’ll need to open an account with a futures broker. Now, this is why you need to read further, because I just opened an account with Phillip Futures and it was so much quicker and easier than I expected.
How Easy It Is To Open An Online Account With Phillip Futures
20 February 2019
A brokerage account is an essential requirement if you want to invest in the financial markets. If you are planning to open a new account, consider getting one at Phillip Futures.
Why should you select Phillip Futures over all the other available options? A glance at the points listed below is likely to convince you that this is your best choice:
⇨ Phillip Futures was established in 1983 and is a founding member of Singapore Exchange Derivatives Trading (SGX-DT).
⇨ It is one of the region’s top brokerages for the trading of global Futures and Commodities.
⇨ You have the option of trading in micro, mini and regular contract sizes.
⇨ You can gain access to free educational seminars and events designed to help you learn about financial markets and trading opportunities.
⇨ By opening a single account, you can trade more than 300 products in over 24 global exchanges.
Autochartist Patterns And Indicators
20 February 2019
Autochartist is an extremely handy tool for traders. It can help you to identify opportunities to make the right trades and give you the edge that you need to boost your trading profits.
The primary benefit that Autochartist provides is that the tool’s software is constantly scanning the markets. The moment the algorithm spots a development that could make money for you, it passes on the message instantly. If you familiarise yourself with Autochartist’s features and learn to use its interface well, you are likely to see an immediate improvement in your trading results.
Let’s examine the patterns and indicators that Autochartist provides and see how to use them.
