INSIDE SINGAPORE: USD/SGD Below 100-DMA; Bullish Momentum Fading
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- USD/SGD begins June at 1.3777, after ending last month below its 100-DMA at 1.3811; slow stochastics falling from over-extended territory.
Alert: HALISTER1- Options expiring today include 1.3800 strikes for $150m
- 1-month implied volatility now at 6.95%, within 6.2%-9.1% range seen this year
- MAS will probably not want to rock the boat through the rest of 2016 despite weakness in Q1 GDP number, as Fed likely to hike once or twice before year-end, NAB analysts write in note received May 31
- MAS probably has some breathing room with fiscal policy already in expansionary mode
- EUR/SGD steady at 1.5335; slow stochastics %K at 16 is in deep over-extended territory; click here for chart
- Six-month swap-offer rate at 1.43721% on May 31 vs 1.39933% on May 27
- 10-year govt bond yield little changed yesterday at 2.2383%
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283