Free Trial

NEER Steady, Docket Light This Week

SGD

The SGD NEER (per Goldman Sachs estimates) is steady this morning, we remain well within recent ranges, and a touch off cycle highs. The measure sits ~0.3% below the top of the band.

  • USD/SGD is see-sawing around the 20-Day EMA ($1.3428) today, on Friday broader USD trends dominated flows as a firmer than forecast NFP print saw the greenback strength across the board.
  • Bulls immediate focus is on sustaining a break of the 20-Day EMA to target the 200-Day EMA ($1.3522). Bears target a break of the low from 29 Nov ($1.3284) which opens the low from July 14 at $1.3174.
  • The only release of note this week is the MAS Forecaster Survey, this is due any time today or tomorrow.

To read the full story

Close

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.