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USD/SGD: Pullback should find support - OCBC
Breaking news
USD/SGD: Pullback should find support - OCBC
New
2024.12.20 19:23
2024.12.20 19:23
2024.12.20 19:23
USD/SGD traded a touch softer this morning, easing slightly away from its near-2024 high. Pair was last at 1.36 levels, OCBC's FX analysts Christopher Wong notes.
Signs of pullback move lower in the near term
"Daily momentum is mild bullish while RSI shows signs of turning lower from overbought conditions. Technically, there is still signs of pullback move lower in the near term, but dips may still find support."
"Support at 1.3510, 1.3470 (21 DMA). Resistance at 1.3620, 1.3670 levels S$NEER was last at 0.93% above model-implied mid."
Last updated
: 2024.12.20
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EUR/USD Price Analysis: Slight end-of-week rebound fails to break key resistance
After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a minor rebound by the end of the week, adding 0.28% to trade near 1.0395 on Friday.
New
2024.12.21 01:00GBP/USD rebounds towards 1.2540 following US inflation data and BoE decision
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2024.12.21 00:26Fed's Goolsbee: My projections were for a little more shallow rate-path in 2025
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that they are still on a path to get to 2% inflation, adding that it was 'nice' to get an inflation number that's better than expected.
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2024.12.21 00:24Fed's Hammack: Rate cut was a close call, favored holding steady
In a statement released on Friday, Federal Reserve Bank of Cleveland President Beth Hammack noted that she dissented because the data supported holding the policy rate steady, per Reuters.
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2024.12.20 23:09GBP/JPY Price Forecast: Slumps as UK Retail Sales misses estimates
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2024.12.20 22:41Breaking: US core PCE inflation holds steady at 2.8% in November vs. 2.9% expected
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.4% on a yearly basis in November from 2.3% in October, the US Bureau of Economic Analysis (BEA) reported on Friday.
New
2024.12.20 22:31GBP/USD holds break below major trend support at 1.2520 - Scotiabank
The Pound Sterling (GBP) is flat on the session. UK Retail Sales rose a softer than expected 0.2% in November (versus +0.5% forecast), extending a run of disappointing Retail Sales data, Scotiabank's Chief FX Strategist Shaun Osborne reports.
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2024.12.20 22:26EUR/USD steadies in mid-1.03s despite fresh Trump tariff threats - Scotiabank
The Euro (EUR) trades broadly steady in the mid-1.0300s against the US Dollar (USD) on Friday even after President-elect Donald Trump threatened Europe with tariffs "all the way" unless it purchased more US energy products, Scotiabank's Chief FX Strategist Shaun Osborne says.
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2024.12.20 22:15USD/CAD fails at 1.4435 and pulls back below 1.4400 weighed by a softer US Dollar
From a wider perspective, the pair maintains its broader positive bias intact and is on track to complete a four-week rally from levels below 1.4000 in late November.
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2024.12.20 22:10CAD steadies but retains a weak bias - Scotiabank
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2024.12.20 22:04Disclaimer:
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