USD/SGD bounced as tariff concerns resurfaced. USD/SGD was last seen at 1.3515, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Rebound risks likely
“This underscores our earlier caution that tariff concerns remain, and this could still keep risk appetite restrained, thereby implying that USD dips may still find support. Bearish momentum remains but shows tentative signs of fading while RSI shows signs of turning higher from near oversold conditions. Rebound risks likely.”
“Resistance at 1.3520/40 levels (50 DMA, 23.6% fibo retracement of Sep low to Jan high), 1.3630 (21 DMA). Support at 1.3480, 1.3440 levels.”
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
VIX Off Its Highs — Is a U.S. Market Rebound Taking Shape?
TradingKey - The Cboe Volatility Index (VIX), widely regarded as Wall Street’s "fear gauge," has dropped sharply after briefly surging above 50 last week. It has since pulled back to the 30 range.TradingKey
13 hours ago
[Reuters Analysis] Markets see door wide open for more ECB rate cuts on tariff hit
LONDON, April 17 (Reuters) - Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy.Reuters
15 hours ago
[Reuters Breakingviews] Trump kicks all of Asia into the China tariff boat
HONG KONG, April 3 (Reuters Breakingviews) - Donald Trump’s second trade war is a battle of one against all. Reciprocal tariffs announced on Wednesday by the White House hit China with a hike of 34 percentage points, taking the fresh levies on exports from the People’s Republic up 5...Reuters
Thu, Apr 3
US Stock Market’s 2025 Outlook: Navigating the Shifting Landscape
TradingKey - Anyone who has invested in US stocks in 2024 will be happy. The US stock market has delivered an absolutely blockbuster performance so far this year, with the S&P 500 Index soaring 26.9% year-to-date (as of December 16), reaching record highs.TradingKey
Mon, Dec 30
