Select Language

USD/SGD: Corrective pullback - OCBC

Breaking news

USD/SGD: Corrective pullback - OCBC

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2024.11.19 18:29
USD/SGD: Corrective pullback - OCBC

update 2024.11.19 18:29

USD/SGD continued to trade lower, amid broad US Dollar (USD) pullback. Pair was last seen at 1.3407 levels.

Technical patterns point to signs of bearish pullback

"Daily momentum is mild bullish but shows signs of waning while RSI was flat. Bearish divergence on MACD and rising wedge pattern appear to be forming. Technical patterns point to signs of bearish pullback in the near term. Support at 1.3340 (200 DMA), 1.3290 (61.8% fibo retracement of Jun high to Oct low). Resistance at 1.3490, 1.3520 levels."

"Policy uncertainties associated with Trump policies, swings in RMB and JPY should continue to drive USDSGD in the near term. S$NEER was last at 1.35% above model-implied mid."


Date

Created

 : 2024.11.19

Update

Last updated

 : 2024.11.19

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

ECB's Panetta: Still a long way from the neutral rate

European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is "still a long way from the neutral rate." Additional comments If domestic demand remains weak, inflation could fall well below 2%.
New
update2024.11.19 19:42

BoE's Mann: Forward-looking price, wage indicators raise risk of inflation persistence.

Bank of England (BoE) policymaker Catherine Mann testifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
New
update2024.11.19 19:28

HUF: How hawkish can the NBH be? - ING

Today's meeting of the National Bank of Hungary should be a non-event in terms of a rate decision.
New
update2024.11.19 19:27

BoE's Taylor: Disinflation is unfolding as we would expect

Bank of England (BoE) policymaker Alan Taylor testifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
New
update2024.11.19 19:25

BoE's Lombardelli: I see risks to inflation on both sides

Bank of England (BoE) Deputy Governor for Monetary Policy Clare Lombardellitestifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
New
update2024.11.19 19:23

Bailey speech: Services inflation is still above a level that's compatible with on-target inflation

Bank of England (BoE) Governor Andrew Bailey testifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
New
update2024.11.19 19:20

Resolute words from the MNB? - Commerzbank

Since late October, the HUF has been on a rollercoaster ride in anticipation of the momentous days of early November (US election, FOMC).
New
update2024.11.19 19:19

CAD: October CPI figures will be important - ING

Canada releases inflation figures for October today. Expectations are for a rebound in headline CPI to 1.9% YoY while core measures are seen stabilising around 2.4%, ING's FX analyst Francesco Pesole notes.
New
update2024.11.19 19:15

RBA minutes reveal little new - Commerzbank

Last night, the Reserve Bank of Australia released the minutes of its latest meeting, which took place on the day of the US presidential election, Commerzbank's FX analyst Volkmar Baur notes.
New
update2024.11.19 19:12

EUR: Brief reprieve after some hawkish comments - ING

EUR/USD is enjoying a brief correction as some of the ECB hawks speculate over whether global fragmentation (i.e.
New
update2024.11.19 19:08

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel