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: 2025.01.31
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USD/SGD: Price pattern resembles a rising wedge - OCBC
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USD/SGD: Price pattern resembles a rising wedge - OCBC
New
2025.01.31 20:35
2025.01.31 20:35
2025.01.31 20:35
USD/SGD was a touch firmer as Trump's tariff threats ahead of 1 Feb deadline undermined sentiments. Pair was last seen at 1.3540, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Bearish momentum seems to be fading
"Bearish momentum shows signs of fading while RSI rose. Rebound risks likely but price pattern resembles a rising wedge (which can be associated with a bearish reversal). Resistance here around 1.3520/40 levels (50 DMA, 23.6% fibo retracement of Sep low to Jan high), 1.36 (21 DMA). Support at 1.3480, 1.3440 levels."
Last updated
: 2025.01.31
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EUR/JPY surges to 161.00 after flash German inflation data
The EUR/JPY pair soars to near 161.00 in Friday's North American session.
New
2025.01.31 22:46Breaking: US core PCE inflation holds steady at 2.8% in December as expected
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.6% on a yearly basis in December from 2.4% in November, the US Bureau of Economic Analysis (BEA) reported on Friday.
New
2025.01.31 22:32GBP/USD support noted around 1.2390/95 - Scotiabank
The Pound Sterling (GBP) is little changed on the session after dropping back against the USD in late trade yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.31 22:19EUR softer as spreads widen - Scotiabank
The ECB cut its policy rate 25bps Thursday, as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.31 22:16CAD slips, but steadies on tariff news - Scotiabank
The Canadian Dollar (CAD) slid briefly in response to yesterday's tariff headlines, making a new cycle low against the USD near 1.46 before recovering slightly.
New
2025.01.31 22:13USD gains on Trump tariff threat - Scotiabank
Markets remain quite subdued despite President Trump indicating late yesterday that 25% tariffs on Canada and Mexico will be announced this weekend, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.31 22:10Germany annual CPI inflation softens to 2.3% in January vs. 2.6% expected
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 2.3% on a yearly basis in January from 2.6% in December, Destatis' flash estimate showed on Friday.
New
2025.01.31 22:04US Dollar adds to gains with tariff talk and PCE as main drivers
The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, currently trades at 108.25 at the time of writing and is receiving quite a few tailwinds this Friday.
New
2025.01.31 21:49USD/SGD: Price pattern resembles a rising wedge - OCBC
USD/SGD was a touch firmer as Trump's tariff threats ahead of 1 Feb deadline undermined sentiments. Pair was last seen at 1.3540, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.01.31 20:34Prospect for more RBNZ rate cuts can further weigh on NZD - BBH
NZD/USD is firmer but the prospect for more RBNZ rate cuts can further weigh on New Zealand Dollar (NZD), BBH FX analysts note.
New
2025.01.31 20:25Disclaimer:
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