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USD/SGD: Slight risk to the upside – OCBC

USD/SGD inched higher, tracking moves in broad US Dollar (USD). Pair was last at 1.3380 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Consolidation is likely

“Daily momentum is mild bullish while RSI rose. Consolidation likely with slight risk to the upside. Resistance here at 1.3410 levels (76.4% fibo). Support at 1.3340 (200 DMA), 1.3290 (61.8% fibo retracement of Jun high to Oct low).”

“S$NEER was last at 1.38% above model-implied mid.”

 

Crude Oil trades stuck at $68 level ahead of API stockpile data

Crude Oil trades broadly flat on Wednesday after an attempt on Tuesday to bounce off a supportive floor level near $68.00. The support came in the form of the monthly OPEC report, in which the Petroleum Exporting conglomerate penciled in a
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USD/THB: Bullish but overbought – OCBC

USD/THB traded sharply higher, in part due to stronger US Dollar (USD), softer gold prices and in part, due to concerns over central bank autonomy.
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