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
With markets in Singapore closed yesterday USD/SGD moved in a narrow range and finished the session flat, the pair last at 1.3337. Familiar technical levels are in play with bulls looking for a break of the 50.0% retracement at 1.3344, while bears will target the 61.8% retracement level at 1.3300. The rate has moved back between its 50-day moving average (1.3376) and 100-day moving average (1.3325) after briefly dropping below the range.
- Fig.1: USD/SGD
Source: MNI/Bloomberg
- On the coronavirus front the number of cases in Singapore has risen to a 10-month high, though at 24 this pales in comparison to most other countries. Officials have closed Changi Airport terminals and a linked shopping mall to the public for two weeks as a precaution and could further delay the travel corridor with Hong Kong.
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