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FxWirePro: Singapore dollar rises in early Asia despite lower than expeted non – oil exports data

  • USD/SGD is currently trading around 1.3553 marks.
     
  • It made intraday high at 1.3570 and low at 1.3551 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.3590 mark.
     
  • A daily close above 1.3610 will test key resistances at 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
     
  • Alternatively, a consistent close below 1.3562 will drag the parity down towards key supports at 1.3538, 1.3490, 1.3465, 1.3422 and 1.3315 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Singapore Jan 2019 non - oil exports mm decrease to -5.7 % (forecast 2.6 %) vs previous -4 % (revised from -5.7 %).
     
  • Singapore Jan 2019 non - oil exports yy decrease to -10.1 % (forecast -1.6 %) vs previous -8.5 %.

We prefer to take short position on USD/SGD around 1.3560, stop loss at 1.3590 and target of 1.3538/1.3490.

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March 22 14:00 UTC Released

MXMth Infl MM

Actual

0.26 %

Forecast

0.27 %

Previous

-0.1 %

March 22 14:00 UTC Released

MXMth Infl YY

Actual

3.95 %

Forecast

3.96 %

Previous

3.89 %

January 31 00:00 UTC 598476598476m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 598476598476m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 610296610296m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 598476598476m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 610296610296m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 598476598476m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 598476598476m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 598476598476m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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