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Sgd

GBPSGD: 20 Feb 2017 Elliott wave update - Expecting 1.7230 beforTalking Points: Technical Strategy: Temporary Bearish Elliottwave Count: Correction still in process. Expecting one more leg down. HTG Note: Current wave structure on GBP/SGD is looking bullish on daily timeframe. However, while decomposing lower time frame count, we are expecting correction should still due and should be completing in near future. Our target on this pair is to see 1.7230 minimum. Action We initiated short position @ 1.7680 with limited stoploss, target on 1.7260 to 1.7230. -- By Hoagtrading.com (Twitter: @Hoagtrading )
Short
by Hittesh
Time for USDSGD 1.49~1.55Key neckline breakout. The low of wave 4 is probably seen by now, and will not move much lower. (previously 1.28 was still possible) Q3 exports was down a massive 4.9%. Trump presidency that will render the current Transpafic Partnership (TPP) under discussion obsolete. Increasing competition from regional ports (such as iskandar malaysia), and China's Huge 'One Belt, One Road' initiative on increasing infrastructure investment Years ahead Singapore will be in for the best of globalization, while other countries are increasingly de-globalizing. (As seen in the Philippines, Brexit and US election this year, including EU election in 2017) The 'open' policy will be worst off. There's simply no way Singapore could impose levies and taxes, since it does not produce on its own and is unsustainable without foreign imports. Regionally, ASEAN as a whole is dead. Malaysia, Brunei, and Philippines are moving increasingly closer to China. As a whole there is not really any leverage in the South China Sea at all. The prime minister of Singapore, Lee Hsien Loong have pretty much left all his basket of eggs with the US and have proved to be disastrous so far. China will have the last laugh regionally.
Long
by LastBattle