The USDSGD is again near long term highs after U.S inflation data caused a tidal wave of reactions throughout the global financial markets yesterday: Forex Trading
As of this writing the USD/SGD is near the 1.40500 realm.
Early trading today has actually been consolidated when compared to recent price action. The value of the USD/SGD is within sight of higher junctures seen on the 7of September, when the Forex pair actually traded near the 1.40800 to 1.41000 ratios. However, selling did occur after those apex marks were seen, likely by institutions which thought they had the U.S Federal Reserve and its outlook figured out.
In a heartbeat U.S Core CPI data underscored the notion the U.S Fed has a tough road ahead, as they try to fight inflation with higher interest rate hikes. The U.S Federal Reserve will increase its interest rate again next week certainly, and its outlook likely has to remain hawkish considering yesterday’s inflation data results.
If the U.S central bank has to continue to speak about additional interest rate hikes, this could continue to strengthen the USD/SGD until better clarity exists.If the USD/SGD sustains its current higher range above the 1.40500 level, speculators may believe additionaland if they have buying sentiment, they may want to ignite long positions when small reversals lower have occurred to aim for upwards price action with realistic targets.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US Dollar Setting the Stage for a Turn Lower? USD/SGD, USD/THB, USD/IDR, USD/PHPThe US Dollar is showing signs of weakness as early reversal moves are being made in USD/SGD, USD/THB, USD/IDR and USD/PHP. Are further losses in store? Get your market update from ddubrovskyFX here:
Leer más »
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPYThe US Dollar is putting in a massive move today after another elevated CPI release. DXY is currently showing a bullish engulf and markets are starting to look at a possible 100 bp move at next week's FOMC.
Leer más »
GBP/USD Forex Signal: Strong Bullish Reversal from LowMy previous GBP/USD signal on 5th September was not triggered.
Leer más »
EUR/USD Forex Signal: Break and Retest Points to More UpsideEUR/USD Forex Signal: Break and Retest Points to More Upside EURUSD Forex
Leer más »
BTC/USD Forex Signal: Strong Fall Following US CPIMy previous signal last Thursday was not triggered as unfortunately the bullish turn at the day\u2019s low took place below $19,182.
Leer más »
USD/CAD retreats from one-week high amid weaker USD, downside seems cushionedThe USD/CAD pair struggles to capitalize on its intraday positive move to a one-week high set earlier this Wednesday and retreats to the 1.3160-1.3165
Leer más »