USD/SGD discussion

2 Attachment(s) This pair could be entertaining to swing or fashion commerce. It can be slow moving like EUR/CHF.

For the time being, it looks like it found some support at 1.326 and it's currently near 1.335. It may go on higher towards 1.343 and 1.352 in the near term.

1.338 is probably the immediate resistance on the daily chart.
https://www.forexforum.co.za/general...a-aud-jpy.html
https://www.forexforum.co.za/general...-question.html

I am a Singaporean, therefore I do look at this pair. MAS (ie. Central authorities of Singapore) likes a strong SGD. All in all, the long-term outlook for imo has limited upside and I am really bearish bias.

Of course along the way there'll be a lot of ups and downs, but for sure this is a pair that I look at frequently!

Quote:

---

Originally Posted by ;

I am a Singaporean, so I most certainly do look at this pair. MAS (ie. Central government of Singapore) likes a strong SGD. All in all, the long-term prognosis for USD/SGD imo has limited upside and I am really bearish bias. Of course along the way there'll be plenty of ups and downs, but for sure this is a pair I look at frequently!

---

Wouldn't the strength of SGD rely on what happens in the US with inflation or inflation reform? Because It's a safe haven due to the stability of the system, SGD is similar to CHF

Quote:

---

Originally Posted by ;

quote wouldn't the potency of SGD rely on what happens in the US with inflation or tax reform? SGD is similar to CHF since it's a safe haven due to the stability of the fiscal system

---

I am not saying USD/SGD has no upsize, only that the authorities in Singapore needs SGD to be strong. You are right that Singapore/SGD is Asia's safe sanctuary. Singapore is able to pull individuals to deposit considerable quantities of money, thereby drumming a need for SGD too. Singapore, given its population, also has the desire to pull talents and employees via more attractive wages, ie a SGD will work wonders. Many Malaysians have flocked to Singapore because of this reason.

My purpose is: The government of Singapore desires SGD to be strong.

Only my two pips. :o

SINGAPORE: The Singapore dollar began 2018 to the strongest level against the USD, with an increase on a high note.
The currency was last observed trading in 1.3301 per US dollar, increasing more 0.04 % to touch its highest level since May 2015.
Aside from a retreat in the US dollar, latest growth data giving a solid outlook for the Singapore market added into the ?positive spin? in the currency on the first trading day of 2018.
As well as the Government of Singapore needs SGD to be Strong.
For More Analysis Report, you may read the content: https://www.channelnewsasia.com/news...alysts-9815626