Tag: USD

USD strengthens against SGD, buy on current retracements | Technical Analysis | Currency Market

USD has started its retracement from its last high. This is on the backdrop of more concrete commitments by the Euro-zone leaders and improving US economic data.Aided by one week long improvement in all region bourses, the overall risk appetite has improved with some significant exits in safe-haven instruments such as Gold, USD and Yen. Specifically for USD Index, The…

Gold futures, SPDR Gold shares – buy / accumulate on short term price weakness | Technical Analysis | US Commodities

For the earlier part of this week and previous week, the bourses suffered another bearish continuations with some markets hitting multi year lows. Commodities and gold were equally not spared. Despite being viewed as safe haven, Gold suffered one of there worst decline in a week due to a combination of these factors: 1) Strengthening USD against major currencies 2)…

US Debt Ceiling saga clouded upside potential of markets | Gold & USD Index Technical Analysis | US Stock Markets

Around the world, across different markets, investors have reacted in great anxiety anxiety especially to the ongoing gridlock between the White House and Republican lawmakers over a path toward raising the government’s debt limit and avoiding a potential default. A deal on the debt limit is needed for the government to avoid running out of funds to pay its bills…

USD Index, USD/SGD staged a recovery | Technical Analysis | Currency Markets

Few weeks back when I last did a post and recommended aggressive entry into major currencies against USD (especially USD/SGD pair), that was when $USD went as low as 72.60. This is among the multi-year lows. Now the $USD (USD Index) has staged a decent recovery and even breaches the top of the declining channel at 74.60. Slight formation of…

Silver prices tumbled heavily for the first time in months with curb in speculations | Technical Analysis | Commodities Market

In the midst of Osama Bin Laden’s death, there were strong market reactions on Monday. It would seem that the 13% plunge of Silver on Monday trading to $42.20 an ounce earlier was the effect of the news. Sadly, this is only the partial trigger. Monday was the first full session after the increase in margin requirements. Initial margin requirements…

Gold prices soar with the weakening of USD | Technical Analysis | Commodities

As we see the USD index depreciating to 3 years low against other major currency, it is no surprise that USD pegged commodities saw significant uptrend. Of greater interest is Gold. Earlier in the month when I last posted my analysis when Gold started to forma consolidating wedge with resistance around $1440, there were signs of bearish divergences in RSI,…

SGD/USD, with SGD strengthening after MAS monetary policy announcement | Currency Prices | Singapore

The Central Bank of Singapore announced Thursday this week (14/4/2011) that it had tightened its monetary policy further, re-centering to a higher level the mid-point of the band it uses to guide the trade-weighted Singapore dollar exchange rate. The Monetary Authority of Singapore (MAS) said it will “re-center the exchange rate policy band upwards. The exchange rate policy band will…

Japan Yen strengthens post Japan earthquake, tsunami & nuclear plant meltdown | Forex | Japan

It is rather unusual to see Yen strengthening against major currencies after the various calamities which hit Japan since last Friday. The latest movement of USD/SGD on late 17th March 2011, saw the key support of 81 breeched. For the past 1 year period, Yen has been oscillating between 84 and 81. Back in Sept 2010, it was at 86…

Stock Markets Analysis (Dow Jones Index, Straits Times Index, Oil, USD/SGD) | Investment Review | Singapore

On the political front,¬†Gaddafi’s regime accused the United States, Britain and France of ‘a conspiracy to divide Libya’ on Monday as pressure built to arm the rebels and the UN named a special envoy to Tripoli.The worsening conflict sent world oil prices higher, while Nato head Anders Fogh Rasmussen said attacks on civilians by Gaddafi’s troops could amount to crimes…