DOLLAR-SING: USD/SGD trades flat at SGD1.4249 as.....>

DOLLAR-SING: USD/SGD trades flat at SGD1.4249 as we await today's data dump out

of Singapore. Final Q1 GDP numbers come out at the top of the hour, with monthly

industrial output & CPI figures due later in the day.

- Elsewhere, Dep PM Heng Swee Keat will unveil the city-state's fourth stimulus

package. Singapore's President Halimah Yacob wrote on Facebook that she agreed

to use the gov't reserves for that package.

- National Development Minister Wong said yesterday that the city-state may move

into the second stage of re-opening its economy, if the situation permits.

- From a technical perspective, a rally above May 18 high/38.2% retracement of

the Mar 23 - Apr 30 sell-off at SGD1.4278/90 would draw attention to channel top

at SGD1.4304 & Apr 21 high of SGD1.4329, a key near-term resistance. Bears would

be pleased by a drop below channel floor/May 20 low at SGD1.4136/21. It would

shift their focus to Apr 30 low of SGD1.4070, a key cycle trough.