Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SGD
USD/SGD last trades at 1.3345, sitting just above a 50.0% retracement level at 1.3344. Intraday resistance is seen at 1.3388 a 38.2% retracement level, while support is seen at 1.3300, a 61.8% retracement level. The rate is also close to moving averages, sandwiched between its 100-day moving average at 1.3333, and the 5-day moving average at 1.3369.
- SGD gained around 0.5% last week, higher on the combination of a weaker greenback, less dovish MAS and robust GDP figures while data on Friday showed another jump export figures.
- Fig.1: USD/SGD sandwiched between MA's
Source: MNI/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok