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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
Spot USD/SGD is 12 pips higher at 1.3342, the pair has been in negative territory but a reversal in the greenback has seen the pair make new session highs and move out of yesterday's range.
- Bulls need a break above 1.34 which acted as a cap through December, above this is the 100-day MA at 1.3435, and significant resistance is at 1.3509 the 23.6% retracement of the cycle move lower. Support levels are thin with the rate not touching these levels since mid-2018, we coasted 1.3216 through late January, and the 2021 low sits at 1.3157.
USD/SGD
- In pandemic developments Singapore has given provisional clearance for Moderna's Covid-19 vaccine, the first shipment is expected around March.
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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