[B]DAILY USD/SGD OUTLOOK[/B] - 1.2769
[B]21 Mar 2014[/B] [I]07:25GMT[/I]
Although USD has retreated from 1.2794, as long as
1.2726 sup holds, upside bias remains for rise from
1.2582 (Feb) to resume and extend toward 1.2830.
Buy on dips with stop as indicated and only below
1.2701 aborts bullishness on USD, risks 1.2676.
[B]DAILY USD/SGD OUTLOOK[/B] - 1.2609
[B]31 Mar 2014[/B] [I]06:10GMT[/I]
Although USD rebound after a brief break of Feb’s
1.2582 low to a 3-month trough at 1.2568 signals
temp. low is made, reckon 1.2625/35 would cap upside.
Sell on further recovery for 1.2655 but 1.2643
would hold. Only above 1.2660/61 may risk 1.2690/95.
[B]DAILY USD/SGD OUTLOOK[/B] - 1.2625
[B]03 Apr 2014[/B] [I]06:50GMT[/I]
USD’s intra-day retreat from 1.2629 (NY) suggests
corrective rise from Mon’s 3-month low at 1.2568 has
possibly ended and below 1.2586 confirms this view.
Hold short for resumption of decline to 1.2557
and only above 1.2640 risks retrace to 1.2661.
[B]DAILY USD/SGD OUTLOOK[/B] - 1.2527
[B]15 Apr 2014[/B] [I]06:40GMT[/I]
USD’s rise from last Wed’s 4-month trough at 1.2451
to 1.2546 today signals long-awaited correction has
taken place and further gain to 1.2565/70 is likely.
Turn long on dips and exit and up move as 1.2583 should
cap upside. Below 1.2485 indicates top, 1.2465/70.
[B]
STRATEGY :[/B] Buy at 1.2515
[B]OBJECTIVE :[/B] 1.2565
[B]STOP-LOSS :[/B] 1.2490
[B]RES :[/B] 1.2546/1.2568/1.2583
[B]SUP :[/B] 1.2506/1.2465/1.2451
[B] DAILY USD/SGD OUTLOOK - 1.2566 [/B]
[B]29 Apr 2014[/B] [I]06:32GMT[/I]
Although intra-day retreat from 1.2582 suggests
further choppy trading below Fri’s 2-wk high at 1.2596
would continue b4 up move from 1.2451 (Apr) resumes.
Hold long in anticipation of such move and only
below 1.2547/49 risks weakness toward 1.2524 (50% r).
[B]STRATEGY :[/B] Long at 1.2560
[B]POSITION :[/B] Long at 1.2560
[B]OBJECTIVE :[/B] 1.2610
[B]STOP-LOSS :[/B] 1.2540
[B]RES :[/B] 1.2596/1.2619/1.2650
[B]SUP :[/B] 1.2547/1.2522/1.2506
[B]DAILY USD/SGD OUTLOOK[/B] - 1.2497
[B]12 May 2014[/B] [I]06:57GMT [/I]
Usd’s rebound fm Thur’s 1.2456 low signals choppy
trading abv Apr’s 4-month 1.2451 wud continue n res
1.2510/11 needs to hold for resumtpion of decline.
Trade fm short side but 1.2406/10 shud hold. Abv
1.2510/11 wud risk stronger retrace. to 1.2530/40.
[B]STRATEGY :[/B] Short at 1.2485
[B]POSITION :[/B] Short at 1.2485
[B]OBJECTIVE :[/B] 1.2435
[B]STOP-LOSS :[/B] 1.2515
[B]RES :[/B] 1.2510/1.2523/1.2569
[B]SUP :[/B] 1.2451/1.2422/1.2406
[B]DAILY USD/SGD OUTLOOK[/B] - 1.2523
[B]23 May 2014[/B] [I]07:04GMT[/I]
Despite the sideways move after early retreat fm
last Fri’s 1.2541 top to 1.2491 (Mon), bullishness
remains for rise fm 1.2456 (May) to head to 1.2569.
Buy usd on dips for 1.2540 1st n only below 1.24
91 sup may risk stronger retracement to 1.2477/82.
STRATEGY : Buy at 1.2500
OBJECTIVE : 1.2540
STOP-LOSS : 1.2480
RES : 1.2541/1.2569/1.2596
SUP : 1.2491/1.2484/1.2451
[B]DAILY USD/SGD OUTLOOK - 1.2543
18 Jun 2014[/B] [I]04:24GMT[/I]
Yesterday’s rally above 1.2515 (now sup) to 1.2542
confirms early decline from 1.2587 has ended at 1.2471
and upside bias remains for gain to 1.2570 later.
Raise long entry for this move n only below 1.2493/95
would risk possible weakness toward 1.2471 later.
[B]STRATEGY :[/B] Buy at 1.2525
[B]OBJECTIVE :[/B] 1.2575
[B]STOP-LOSS :[/B] 1.2495
[B]RES :[/B] 1.2542/1.2568/1.2587
[B]SUP :[/B] 1.2493/1.2471/1.2451
Intra-Day Market Moving News and Views
28 Jan 2015 03:37GMT
USD/SGD - ....... Singapore MAS spokesperson says central bank's main policy cycle remains as scheduled in April and October each year; central bank has always maintained flexibility to conduct off-cycle policy reviews, will do so when needed; their next monetary policy review will be as scheduled in April; "barring significant shocks", 2015 inflation, growth forecasts would likely be reaffirmed at April review.
Earlier the sing dlr fell the most since 2010 in early Asian trading after the MAS surprised the market by easing its monetary policy, dlr sing jumped from 1.3392 to as high as 1.3570 (a fresh 4-year peak).
Bloomberg reported the Monetary Authority of Singapore, which uses the currency as its main policy tool, said it will reduce the slope of the policy band for the island’s dollar in an unscheduled policy statement Wed. It also cut the inflation forecast for 2015, predicting prices may fall as much as 0.5%.
Singapore becomes at least the 9th economy to ease policy this month as global price pressures evaporate with an oil slump, after the ECB announced QE plans while Canada, Denmark n India cut interest rates. More may come – the BoJ chief said the country may need to get creative in any further monetary stimulus and Thai policy makers face growing pressure to lower borrowing costs.