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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Pressure Returns to 21-DMA *RES...>
DOLLAR-SING TECHS: Pressure Returns to 21-DMA
*RES 4: Sgd1.3732 - 55-DMA
*RES 3: Sgd1.3720 - High July 17
*RES 2: Sgd1.3688 - High Aug 15
*RES 1: Sgd1.3670 - Bollinger band top
*PRICE: Sgd1.3620 @ 2300GMT
*SUP 1: Sgd1.3610 - 21-DMA
*SUP 2: Sgd1.3582 - Low Aug 14
*SUP 3: Sgd1.3549 - Low Aug 4
*SUP 4: Sgd1.3536 - 2017 Low July 27
*COMMENTARY: Bulls have failed to capitalise on Tuesday's rally with the
sell-off and bearish close Wednesday seeing pressure return to the 21-DMA. Bears
look for a close below the 21-DMA to hint at a move back to 2017 lows with below
Sgd1.3582 confirming. Fresh 2017 lows target the 200-WMA (Sgd1.3456). While the
21-DMA supports bulls remain focused on Sgd1.3720-32 where the 55-DMA is
situated. The Bollinger top remains a concern and limits follow through.
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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.