Markets and Investing
STI set for positive open
STI set for positive open
Gains, however, are forecast to be limited amidst signs of the index’s weakness.
Risk currencies advance amidst USD weakness
The local currency finally made a meaningful break through the 1.22 level, says IG Markets Singapore.
STI 'inspired' but gains likely to be limited
The continued recovery on Wall Street and the positive Nikkei start could provide inspiration to the index.
Slow and cautious could be the prevailing Q4 trading tactic
Bruised and weary investors inclined to decelerate until end-of-year, says IG Markets.
Singapore dollar trades at $1.221
The local currency saw little change against the US dollar despite traders taking on more risk.
STI set for firm open
Japanese, Australian, and Korean markets have all opened higher on 16 October 2012.
Singapore dollar trades in tight rage against the greenback
The local currency traded between 1.22 and 1.2225 following MAS’ surprise move.
Singapore trading sees lack of buying conviction
Volume was relatively light, says OCBC, with gainers just edging out losers 248 to 225.
STI set for lower open
The index is expected to come in around 0.5% lower.
MAS leaves policy unchanged for SGD NEER
This is contrary to the general expectation of a change in MAS policy to allow for more weakness in the local currency.
Views mixed on trading sentiment
The GDP figure could dampen the mood while trading could be inspired by positive moves from MAS.
Singapore dollar trades at $1.23
The local currency has traded in a tight range all week.
STI turns more bearish
Meanwhile all eyes will be on Fraser & Neave, says IG Markets Singapore.
Singapore dollar dips 0.2% against the greenback
The local currency’s resilience amidst global headwinds and other currencies’ weakness is forecast to encourage policy change.
STI easing towards 3000 level
On 9 October 2012, the index closed below the uptrend line since early June.
Singapore dollar sits at $1.2285
This as traders ease out of dollar positions, says IG Markets Singapore.
STI loses 1%
Traders felt in no mood to add to the risk exposure, says IG Markets Singapore.
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