U.S. Dollar Likely in Consolidation Phase Vs. Singapore Dollar, Chart Shows -- Market Talk

Dow Jones

Feb 12, 2025

0755 GMT - The U.S. dollar is likely in a consolidation phase versus its Singapore counterpart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a report. After failing to sustain the build-up in upward momentum, the currency pair has traded sideways, the markets strategist notes. Also, exponential moving averages on the daily chart are horizontal, indicating a lack of direction, while the "contracting moving average envelope" shows USD/SGD is consolidating, the strategist says. The currency pair must break decisively below the 1.3445-1.3370 support zone or above the 1.3675-1.3751 resistance area before a directional trend can be expected, the strategist adds. USD/SGD is down 0.1% at 1.3535. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 12, 2025 02:55 ET (07:55 GMT)

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Singapore Dollar, Chart Shows -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0755 GMT - The U.S. dollar is likely in a consolidation phase versus its Singapore counterpart, says Quek Ser Leang of UOB's Global Economics &amp; Markets Research in a report. After failing to sustain the build-up in upward momentum, the currency pair has traded sideways, the markets strategist notes. Also, exponential moving averages on the daily chart are horizontal, indicating a lack of direction, while the \"contracting moving average envelope\" shows USD/SGD is consolidating, the strategist says. The currency pair must break decisively below the 1.3445-1.3370 support zone or above the 1.3675-1.3751 resistance area before a directional trend can be expected, the strategist adds. USD/SGD is down 0.1% at 1.3535. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2025 02:55 ET (07:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Dollar Likely in Consolidation Phase Vs. 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Singapore Dollar, Chart Shows -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-12 15:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0755 GMT - The U.S. dollar is likely in a consolidation phase versus its Singapore counterpart, says Quek Ser Leang of UOB's Global Economics &amp; Markets Research in a report. After failing to sustain the build-up in upward momentum, the currency pair has traded sideways, the markets strategist notes. Also, exponential moving averages on the daily chart are horizontal, indicating a lack of direction, while the \"contracting moving average envelope\" shows USD/SGD is consolidating, the strategist says. The currency pair must break decisively below the 1.3445-1.3370 support zone or above the 1.3675-1.3751 resistance area before a directional trend can be expected, the strategist adds. USD/SGD is down 0.1% at 1.3535. 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After failing to sustain the build-up in upward momentum, the currency pair has traded sideways, the markets strategist notes. Also, exponential moving averages on the daily chart are horizontal, indicating a lack of direction, while the \"contracting moving average envelope\" shows USD/SGD is consolidating, the strategist says. The currency pair must break decisively below the 1.3445-1.3370 support zone or above the 1.3675-1.3751 resistance area before a directional trend can be expected, the strategist adds. USD/SGD is down 0.1% at 1.3535. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2025 02:55 ET (07:55 GMT)\n\n\n  Copyright (c) 2025 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":0,"need_auth":true,"code":"91000000","status":"200"}}}