INSIDE SINGAPORE: USD/SGD Eyes 50-DMA, Momentum Turning Bullish
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- USD/SGD up 0.1% to 1.3549, showing bullish momentum on daily chart; if pair ends week above converging 50-and 100-DMA’s it may confirm a fresh upswing.
Alert: HALISTER1- Click here for chart
- 1-month implied volatility stabilizing around 6.0%
- Malaysia, Singapore aim to start high-speed rail ops by 2026
- SGX blames faulty disk for market trading halt last week
- Rising momentum studies suggest SGD 5-yr interest-rate swaps may have formed near-term base ahead of CPI data due July 25; resistance near 21-DMA at 1.6728%, click here for chart
- Yield on 10-yr govt bond fell 4 bps to 1.6747% yesterday, lowest daily close since July 11, based on data compiled by Bloomberg and central bank
- 3-month interbank-offered rate unchanged at 0.87367% yesterday, matching lowest since July 2015
- 6-month swap-offer rate little changed at 1.13780% on July 19
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283