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…
Tag: USD SGD
Multi week lows for major stock markets – Dow Jones Industrial, Nasdaq, Straits Times Indices with soft USD $ | Technical Analysis | US Stock & Currency Markets
The market is still digesting that there’s been a softening in economic growth in the U.S. and other parts of the world. This is not surprising as there are signs of bearish divergences in most of the indices technical chartings. The six-week losing period, which has knocked 6.7% from the Dow, is the longest stretch since October 4, 2002, when…
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…