USD/SGD Consolidates Ahead of Major U.S. Economic Data -- Market Talk

Dow Jones

2024-06-05

0313 GMT - USD/SGD consolidates during the Asian session ahead of major U.S. economic data due out this week. Tonight's ISM services PMI is crucial in giving markets more clues about the U.S. economy's health, given the services sector has been a big driver of it, Maybank analysts say in a forex research & strategy report. There could be a limit to USD downside until the Fed clearly begins to again tilt more dovish, the analysts add. Based on technical analysis, USD/SGD's initial support is at 1.3400 while initial resistance is at 1.3500, Maybank adds. USD/SGD is little changed at 1.3462. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 04, 2024 23:13 ET (03:13 GMT)

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Tonight's ISM services PMI is crucial in giving markets more clues about the U.S. economy's health, given the services sector has been a big driver of it, Maybank analysts say in a forex research & strategy report. There could be a limit to USD downside until the Fed clearly begins to again tilt more dovish, the analysts add. Based on technical analysis, USD/SGD's initial support is at 1.3400 while initial resistance is at 1.3500, Maybank adds. USD/SGD is little changed at 1.3462. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2024 23:13 ET (03:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>USD/SGD Consolidates Ahead of Major U.S. Economic Data -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUSD/SGD Consolidates Ahead of Major U.S. Economic Data -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-05 11:13</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0313 GMT - USD/SGD consolidates during the Asian session ahead of major U.S. economic data due out this week. Tonight's ISM services PMI is crucial in giving markets more clues about the U.S. economy's health, given the services sector has been a big driver of it, Maybank analysts say in a forex research & strategy report. There could be a limit to USD downside until the Fed clearly begins to again tilt more dovish, the analysts add. Based on technical analysis, USD/SGD's initial support is at 1.3400 while initial resistance is at 1.3500, Maybank adds. USD/SGD is little changed at 1.3462. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2024 23:13 ET (03:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4024","symbol_name":"房地产开发","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2441906062","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441906062","pubTimestamp":1717557180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0313 GMT - USD/SGD consolidates during the Asian session ahead of major U.S. economic data due out this week. Tonight's ISM services PMI is crucial in giving markets more clues about the U.S. economy's health, given the services sector has been a big driver of it, Maybank analysts say in a forex research & strategy report. There could be a limit to USD downside until the Fed clearly begins to again tilt more dovish, the analysts add. Based on technical analysis, USD/SGD's initial support is at 1.3400 while initial resistance is at 1.3500, Maybank adds. USD/SGD is little changed at 1.3462. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4024":"房地产开发","SGD":"SAFE & GREEN DEVELOPMENT CORP","USD":"ProShares Ultra Semiconductors"},"translate_title":"美元/新加坡元在美国主要经济数据公布前盘整——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGD":1,"USD":1,"USDSGD.FOREX":1},"content_text":"0313 GMT - USD/SGD consolidates during the Asian session ahead of major U.S. economic data due out this week. Tonight's ISM services PMI is crucial in giving markets more clues about the U.S. economy's health, given the services sector has been a big driver of it, Maybank analysts say in a forex research & strategy report. There could be a limit to USD downside until the Fed clearly begins to again tilt more dovish, the analysts add. Based on technical analysis, USD/SGD's initial support is at 1.3400 while initial resistance is at 1.3500, Maybank adds. USD/SGD is little changed at 1.3462. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2024 23:13 ET (03:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}