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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
Singapore dollar rose on Thursday as the greenback retraced its move higher earlier this week. The pair dropped from highs of 1.3353 early in the Asia-Pac session yesterday to lows of 1.3302, the rate last on the screens down 5 pips at 1.3307. Support at 1.3300, a 61.8% retracement level, held firm and is the target for bears today. Below here sees support at 1.3245. Resistance is seen at 1.3344, a 50.0% retracement level. Also acting as resistance are the 100-DMA at 1.3329 and 50-DMA at 1.3364.
- Fig.1: USD/SGD
Source: MNI/Bloomberg
- Another empty day on the local economic docket, participants look ahead to CPI data on Monday and GDP data on Tuesday next week.
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.
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