Forex - Singapore Flows: USD/SGD stalling its upmove, short term consolidation ahead


 02:07 (GMT) 07 Dec

  [Forex Flows]

Sample Premium Content
Singapore Flows: USD/SGD stalling its upmove, short term consolidation ahead (0101-GMVJ-C01)

USD/SGD pared its previous gains during Friday's early Asia session with U.S ADP private payroll data at the lower end of expectations. The Huawei arrest added further tension to U.S-China trade relations and weighed in on the dollar as well. All eyes on U.S employment data later, which we expect to remain fairly positive with unemployment holding steady and average hourly earnings to rise over the month. At the same time, trade volatility could weigh in on market sentiment. We thus expect intraday consolidation between 1.3667-1.3730.SGD NEER last seen 1.85% above midpoint while STI was up 0.73%.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now