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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 finished Monday slightly weaker, USD/SGD finishing the session at 1.3257. From a technical perspective support is seen at a 76.4% retracement level 1.3245 which has not seen a convincing break since February, while resistance is seen at 1.33, a 61.8% retracement level. The recent fall in the pair has also taken it out of the 50-day/100-day moving average sandwich, the 100-day moving average now offers resistance at 1.3324 and the 50-day moving average of 1.3379.
- Fig.1: USD/SGD
Source: MNI/Bloomberg
- There is some concern over coronavirus in Singapore, the latest reports indicate that Malaysia has decided to suspend the Green Lane scheme with Singapore from May 13 and normal travel arrangements will resume. Meanwhile Singapore's health authorities are still waiting on data from Sinovac before approving the inoculation. Singapore is currently using Pfizer and Moderna vaccines and has administered around 2.2m doses. As a reminder the government enacted three-weeks of extra social restrictions until May 30.
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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