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 is up around 16 pips on the session at 1.3243 in broad risk off trade as the greenback regains some lost ground. Despite the pullback SGD is on track for a weekly gain, the first increase in three weeks.
- Domestic data earlier in the session was not a market mover. URA Private Home Prices rose 2.1% Q/Q in Q4, and matching the biggest rise in 2 years.
- There were reports earlier that Singapore is considering further restrictions ahead of the Lunar New Year holiday amid a resurgence of Covid-19 infections.
- Singapore's trade minister Chan Chun Sing said he was optimistic that the US wants to stay engaged with Asia.
- Near term support for the pair is at the Jan. 8 low of 1.3215 which was also challenged on Jan. 13. Immediate resistance is seen at 1.3260 the upper barrier of the move trend channel decline this week. More significant resistance at 1.3400 which the rate surfed in December.
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