CHARTPOINT

Technical, fundamental analyses point to £ slide

AS the Oct 31 Brexit deadline draws nearer, there remains much uncertainty over the UK's fate. Hence, the GBP/USD has turned very volatile, as it attempts to find a direction amid the Brexit news cycle.

CHARTPOINT

Downside risk ahead for the USD/SGD pair

DURING the Federal Open Market Committee (FOMC) meeting on June 19, the US Federal Reserve signalled possible rate cuts of as much as 25 basis points over the remainder of this year. The latest statement differed greatly from the previous forecasts, where the Fed stated that it was being patient...

CHARTPOINT

USD/JPY appears to be losing its spark amid trade war tensions

WITH the escalation of the Sino-US trade war, the dollar appears to be losing strength. Last week, China announced retaliatory tariffs, affirming the resumption of the tit-for-tat trade war between the world's two largest economies. With this issue affecting the global economy, many investors...

CHARTPOINT

GBP/USD to be plagued with volatility as Brexit deadline nears

AS we edge closer to the March 29 Brexit deadline, there remains much uncertainty over UK's fate. GBP/USD has turned very volatile as it attempts to find a direction amid the Brexit news cycle and the consecutive days of key parliamentary votes that occurred last week....

CHARTPOINT

Handbrake applied on the US dollar rally

THE USD/SGD currency pair hit a six-month low of 1.3442 on Jan 31, 2019 with the US Federal Reserve taking a more dovish stance on its monetary policies.

CHARTPOINT

More downside likely for the Australian dollar

2018 has been a rather downcast year for the Australian dollar (AUD). This year, the Reserve Bank of Australia (RBA) kept interest rates unchanged at a low of 1.5 per cent - for a record 28 consecutive months. The continued dovish tone in the RBA Statement on Monetary Policy further hints that...

CHARTPOINT

Selling pressure will continue for GBP

SINCE the start of the year, the process of the United Kingdom's (UK's) withdrawal from the European Union (EU), also known as Brexit, has been one of the key drivers in moving the GBP....

CHARTPOINT

EUR/USD not expected to recover soon as indicators turn bearish

IN September 2018, Italy's new coalition government unveiled its draft budget for 2019, which would increase its fiscal deficit from the current 0.8 per cent of GDP to 2.4 per cent. This has raised market concerns towards the stability of the EU as Italy is its third largest economy,...

CHARTPOINT

Indicators, fundamentals point to more upside for China A50

IN September 2018, the SGX FTSE China A50 Index Futures (A50) had retraced approximately 30 per cent from its peak in January 2018. However, prices are currently recovering and testing its three-month high, following an inverse hammer pattern which occurred on Sept 12, 2018. Looking ahead, based...