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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
A small uptick in the greenback and broadly risk averse sentiment has seen USD/SGD gain, the pair last up 30 pips at 1.3325. The pair made it to resistance at 1.3344 yesterday before dropping back, and looks to have seen some offers ahead of the level. Bulls need a break of 1.3344, a 50% retracement level, while bears will look to 1.3300, a 61.8% retracement level, as the next target.
No Data on the economic docket today, but tomorrow participants will digest PMI and retail sales data.
- Fig 1. USD/SGD
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.
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