Compilation of end-2018 forecasts for EURUSD, USDSGD, AUDUSD, USDJPY and GBPUSD from sources.
THB-MYR-SGD trio strengthens against USD since beginning 2017. Philippine Peso weakest amongst major ASEAN currencies. Indonesian Rupiah looks ‘pegged’ to USD. Malaysian Ringgit weakening against SGD temporarily over.
This is an end of Wk14, beginning of Wk 15 appraisal of the market. I am looking at the AUDUSD, EURUSD, XAUUSD, China A50 and a couple of other trades written about in the past 2 weeks.
9 Asian currency pairs that are rising in favour of US Dollar strengthening. They are tradable thru Axitrader MT4 or on the Singapore Exchange (futures).
There could be some USD strengthening in the short term with clues from DXY, EURUSD and USDSGD. ECB Draghi’s speech tomorrow is also his first(?) since Brexit.
In April, I wrote that conditions are going to worsen, that the SingDollar is an excellent indicator. 2.5 months later, the signal got even louder.
MAS Monetary Policy Statement shifts to neutral today. This is an important signal for the forex market given the ‘coincidence’ last time such a decision was made was in October 2008.