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FxWirePro: Singapore dollar trades marginally higher after non – oil exports data

  • USD/SGD is currently trading around 1.3703 marks.
     
  • It made intraday high at 1.3714 and low at 1.3701 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.3722 mark.
     
  • A daily close above 1.3712 will test key resistances at 1.3760, 1.3838, 1.3854, 1.3896 and 1.3945 marks respectively.
     
  • Alternatively, a consistent close below 1.3712 will drag the parity down towards key supports at 1.3622, 1.3599, 1.3570 and 1.3458 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Singapore May 2019 non - oil exports yy decrease to -15.9 % (forecast -16.5 %) vs previous -10 % (revised from -10 %).

We prefer to take short position on USD/SGD only below 1.3699, stop loss at 1.3722 and target of 1.3622.

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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 766038766038m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 766038766038m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777858777858m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766038766038m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777858777858m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766038766038m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766038766038m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766038766038m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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