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FxWirePro: Singapore dollar trades marginally higher despite lower than expected non – oil exports data

  • USD/SGD is currently trading around 1.3545 marks.
     
  • It made intraday high at 1.3553 and low at 1.3543 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.3575 mark.
     
  • A daily close above 1.3551 will test key resistances at 1.3581, 1.3602, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
     
  • Alternatively, a consistent close below 1.3551 will drag the parity down towards key supports at 1.3499, 1.3515, 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 Dec 2018 non - oil exports yy decrease to -8.5 % (forecast 1.5 %) vs previous -2.8 % (revised from -2.6 %).
     
  • Singapore Dec 2018 non - oil exports mm decrease to -5.7 % (forecast 2.1 %) vs previous -4.3 % (revised from -4.2 %).

We prefer to take short position on USD/SGD only below 1.3537, stop loss at 1.3575 and target of 1.3499/1.3465.

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July 2 15:00 UTC Released

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449.6 Stale

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451.7 Stale

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USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 815348815348m

ARAnnual Primary Balance*

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2016 bln ARS

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2016 bln ARS

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January 22 19:00 UTC 827168827168m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 815348815348m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 827168827168m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 815348815348m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 815348815348m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 815348815348m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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