.PNG)
In the Asian session on Thursday, the Singapore dollar erased early losses against the U.S. dollar soon thereafter. The Singapore dollar is now trading at 1.2575 against the greenback, compared to an early 6-day low of 1.2611. The pair closed Wednesday's deals at 1.2577.
Today, Singapore will announce the inflation rate for January.
The material has been provided by Instaforex Company - instaforex.com
Quotes from Societe Generale Cross Asset Research:-The threat of vanishing inflation has returned to the fore as European governments have focused on austerity as a way of restoring confidence. In the US, the property market remains a worry for the economy.
RBS has given the following trading strategy, trigger points, and support and resistance levels:TRADING STRATEGY: Just some signs of a reversal here, use the breaking of moving averages to add to light long positions to 1.5820 potentially 1.5929 stops sub 1.5606 at 1.5590.TRIGGER POINTS:1.5504 - 38.
EU commission executive said that the commission is in touch with Spain govt over rescue of troubled lender Bankia The executive added that there is no new developments in rescue plan and added so there is nothing to reportThe material has been provided by Instaforex Company - instaforex.
RBS has given the following trading strategy, trigger points, and support and resistance levels:TRADING STRATEGY: Exit shorts here now as momentum swings; wait for confirmation of a close above the 10 day moving average at0.9846 today for small longs back to 1.0097.TRIGGER POINTS:0.
Quotes from Standard Chartered:-KRW has heavily underperformed other North Asian currencies amid global risk aversion dynamic-TWD-KRW shows signs of peaking near-term technically amid suspected intervention in USD-KRW-Scaled KRW long versus TWD has lower sensitivity to global risk dynamic than outri...
Quotes from Standard Chartered:-We maintain a Neutral short-term FX rating on the Korean won (KRW) as global risk aversion and cyclical weakness offset medium-term KRW positives. Despite recent sales, overseas investors have still bought a net USD 6.
Quotes from Standard Chartered:-Our SCRAM index has turned up into Risk neutral from Risk aversion for the first time since 11 April-We recommend buying PHP vs.
Quotes from Standard Chartered:-We have short- and medium-term Overweight FX ratings on the PHP. The PHP should benefit from the stabilisation of both exports and the trade deficit.
Quotes from Standard Chartered:-We expect the Philippines to be upgraded to investment grade by 2014. Based on Indonesia's experience, the Philippines is likely to experience strong capital inflows over the next two years.
Quotes from Standard Chartered:-Asian industrial production data for April has painted a bleak picture, even bearing in mind that the numbers pre-date the latest bout of European sovereign credit concerns.
© 2012 ForexBrokerz.com