USD/SGD May Test 21-DMA If Output Expansion Continues: Analysis
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- A second straight month of positive growth in Singapore’s industrial production could trigger a USD/SGD slide to 1.3794, Bloomberg strategist Andrew Robinson writes.
Alert: HALISTER1- Sept. factory output probably increased 1.0% y/y, up from 0.1% expansion in Aug., median est. in Bloomberg survey shows
- Ests. range from -0.5% y/y to +3.7%; data due 1pm local time
- USD/SGD steady at 1.3896; hasn’t traded below 21-DMA since Sept. 27
- Slow stochastics are bearish with %K line below %D line at 75, poised to cross below overbought threshold
- NOTE: Andrew Robinson is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283