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Support Level Draws Near For USD/SGD


NZD Jumps As Rate Hike Expectations Accelerate


Futures Unchanged Overnight, Rinban Eyed

FOREX: -UK PM May upped the ante Friday by vocally criticising the EU's approach
to Brexit negotiations. May criticised Brussels' lack of flexibility and
creativity following the rebuttal of her 'third way' solution to Brexit,
appearing to place the ball back in the EU's court for progress. GBP disapproved
of the renewed belligerence, slipping sharply against all other G10 FX, and
recording the largest loss against the USD in almost a year. The moved sapped
risk appetite somewhat, pressing EUR and AUD away from recent highs and
prompting a minor recovery in the JPY and CHF.
-HKD held gains registered in the Asia session, marking the largest intraday
rally for 15 years. Rising local rates, looming market holidays and a sharp
short squeeze are being blamed for the move. Further fallout, so far, has been
-Data picks up from Monday, with German IFO and CPIs due, the latest Fed rate
decision and speeches from ECB, BoE, BoJ and Fed central bankers.