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NEER Little Changed, USD/SGD Unable To Clear 200-Day EMA

SGD

The SGD NEER (per Goldman Sachs estimates) is little changed in early dealing, remaining well within the recent range. The measure sits ~0.7% below the top of the band.

  • USD/SGD is also little changed, and is dealing in a tight range. The pair was unable to sustain a break of the 200-Day EMA ($1.3467) yesterday and sits a touch below the measure on Thursday.
  • Bulls look to sustain a break of the 200-Day EMA to target high from March 10 ($1.3576). On the downside bears first target the 20-Day EMA ($1.3386).
  • On the wires early tomorrow the final read of Q2 GDP is due. There is no estimate and the prior read was 0.3% Q/Q.

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