Mild bullish against US Dollar within tight range – UOB

Mild bullish against US Dollar within tight range – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower intraday toward 1.2760, though a sustained break is seen as unlikely, with major support at 1.2730 intact. On a 1–3 week horizon, UOB keeps a neutral stance, looking for range trading between 1.2730 and 1.2820. Over 1–3 months, the […]

Stuck between key SMAs, RSI turns bearish

Stuck between key SMAs, RSI turns bearish

The AUD/USD edges lower during the North American session, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of writing, the pair is trading around 0.7137, down 0.17%. AUD/USD Price Forecast: Technical outlook From a […]

Fed’s Warsh says he will lead reform at the Fed

Fed’s Warsh says he will lead reform at the Fed

Freshly-minted Federal Reserve (Fed) Chair Kevin Warsh delivered his first public speech as head of the Fed on Friday, delivering his key talking points after being sworn in. Key Warsh highlights Ours is a time of great consequenceNot naive about challenges we faceWill lead a reform-oriented FedWill learn from past mistakes and successesInflation can be […]