USDSGD built a 4-year consolidation symmetrical triangle on the back of decade long gain against the USD. Trend south is due for breakout.
A currency war aka competitive devaluation is being fought now between nations. With USDJPY, Abenomics thwarts US Dollar by cheapening Yen.
USDSGD was a strong performer in terms of long term investment in the last decade. After consolidating sideways for three years, it is nearing an apex. Year 2014 may be a watershed as price gets squeezed. USDSGD has to find a path of least resistance.
Where will currency pairs AUDUSD, EURUSD, gold, silver and Hong Kong Dollar go if there is no ‘Taper’ for QE. No mention at all in FOMC. We make some observations.
Indian Rupee: Oh so not sexy In this posting “Why should individuals invest in foreign currency?“, one of the reasons for an individual to hold foreign currencies is to protect and diversify. This is because a currency can lose value very quickly during a crisis