Turns upside down as market sentiment turns risk-off

Turns upside down as market sentiment turns risk-off

The AUD/USD pair gives up its early gains and trades 0.24% lower around 0.7145 during the Asian trading session on Thursday. The Aussie pair faces selling pressure as the market sentiment turns risk-averse, following Iranian attacks on three ships in the Strait of Hormuz, a vital passage to almost 20% of global energy supply. Australian […]

Defensive profile shapes tactical trades – OCBC

Defensive profile shapes tactical trades – OCBC

OCBC’s Christopher Wong notes that USD/SGD has rebounded on stalled US–Iran ceasefire talks, with fading bearish momentum and rising RSI. He highlights resistance around 1.2750/60 and key support at 1.2670, arguing that Singapore Dollar (SGD) has behaved as a regional defensive currency and may eventually underperform higher-beta peers like Malaysian Ringgit (MYR), South Korean Won […]