USD/SGD: Sing Sticking Close To 1.40
MarketPulse | Dec 27, 2015 12:39AM ET
It’s been an uneventful week for USD/SGD, which continues to trade slightly above the 1.40 line. In Friday’s European session, the pair is trading at 1.4040. US markets are closed on Friday for the Christmas holiday, so traders can expect a quiet day from the pair.
Ahead of the Christmas holiday, US releases recorded mixed result on Wednesday. Durable Goods reports were unimpressive, underscoring weakness in the US manufacturing sector. Core Durable Goods slipped by 0.1%, short of the forecast of a 0.1% gain. Durable Goods came in at 0.0%, but this beat the estimate of -0.6%. Housing numbers also disappointed, as New Home Sales dipped to 490 thousand, well off the estimate of 507 thousand. This reading comes on the heels of Existing Home Sales, which posted a weak reading of 4.76 million, its worst performance since April 2014. There was some good news from consumer indicators, as the UoM Consumer Sentiment improved to 92.6 points, above the forecast of 92.1 points and marking a 4-month high.
USD/SGD Fundamentals
Friday (Dec. 25)
- There are no US or Singapore releases on the schedule
USD/SGD for Friday, December 25, 2015
USD/SGD December 25 at 12:20 GMT
USD/SGD 140.42 H: 141.12 L: 140.31
USD/SGD Technical
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.3721 | 1.3810 | 1.3937 | 1.4073 | 1.4139 | 1.4248 |
- USD/SDG has shown marginal movement in the Asian and European sessions
- 1.3937 is providing support
- 1.4073 was tested earlier in the day and is a weak resistance line
- Current range: 1.3937 to 1.4073
Further levels in both directions:
- Below: 1.3937, 1.3810 and 1.3721
- Above: 1.4073, 1.4139, 1.4248 and 1.4300
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