Home » , » Top pick for the day - Singapore Dollar

Top pick for the day - Singapore Dollar

Shared By Stock Fanatic on Tuesday, October 20, 2015 | 20.10.15

Further strength is likely

The Singapore Dollar (SGD) has risen together with the regional strength over the past couple of weeks.

We have recently mentioned a few stopping areas for the SGD’s recent weakness (see 29th September issue) and prices stopped marginally below the first target of 1.4355.

Since the low of 1.4366, prices have fallen below our ST target of 1.3866 to 1.3728 before the current rebound took place.

As long as 1.3815 holds, we expect the SGD to see ST weakness towards 1.4048, the previous fourth wave extreme.

We expect the SGD to continue to strengthen towards 1.3286-1.3633 (it could even test 1.3164) in the coming months and this strength is likely to be seen in the regional currencies as well.

Immediate weakness is likely but the longer term trend should see the SGD strengthen further. (Read Report)

Source : CIMB Research

Posted on Tuesday, October 20, 2015 | 20.10.15
With No comments

Join Me On: Facebook | Twitter | Google Plus ::: Thank you for visiting ! :::
Some of the photos shown in this blog are randomly sourced from the Public Domain. If there is an infringement in the copyright of the photos; kindly inform us and it will be removed immediately. Thank you for your kind understanding.
Share this article :

Post a Comment

Modified by : Stockfanatic
Copyright © 2008 - 2018. Singapore Stock Market News - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger
Related Posts with Thumbnails