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FxWirePro: Singapore dollar trades marginally lower after non-oil exports data

  • USD/SGD is currently trading around 1.3727 marks.
     
  • It made intraday high at 1.3735 and low at 1.3722 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3690 mark.
     
  • A daily close above 1.3725 will test key resistances at 1.3740, 1.3768, 1.3813 and 1.3854 marks respectively.
     
  • Alternatively, a consistent close below 1.3725 will drag the parity down towards key supports at 1.3690, 1.3650, 1.3625, 1.3599, 1.3570, 1.3522, 1.3490 and 1.3422 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Singapore April 2019 non - oil exports mm increase to -0.6 % (forecast 5 %) vs previous -14.3 % (revised from -14.3 %).
     
  • Singapore April 2019 non - oil exports yy increase to -10 % (forecast -6 %) vs previous -11.8 % (revised from -11.7 %).

We prefer to take long position on USD/SGD around 1.3720, stop loss at 1.3690 and target of 1.3768.

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June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

June 18 23:50 UTC Released

JPImports YY

Actual

-1.5 %

Forecast

0.2 %

Previous

6.4 %

January 31 00:00 UTC 725938725938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725938725938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737758737758m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725938725938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737758737758m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725938725938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725938725938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725938725938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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