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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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荣获2022年City of London Wealth Management Awards
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance Magazine 颁赠
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荣获2023年City of London Wealth Management Awards
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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CFI.co于2023年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
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2016年最佳黄金经纪商
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2015最佳外汇交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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COLWMA 2024年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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2021年迪拜外汇博览会获颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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2014年最佳外汇科技提供商
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【XM Group】--USD/SGD Analysis: Tranquil Attitudes and Potential Shift in Sentiment
Risk Warning:
The purpose of information release is to warn investors of risks and does not constitute any investment advice. The relevant data and information are from third parties and are for reference only. Investors are requested to verify before use and assume all risks.
Hello everyone, today XM Forex will bring you "【XM Group】--USD/SGD Analysis: Tranquil Attitudes and Potential Shift in Sentiment". I hope it will be helpful to you! The original content is as follows:
The USD/SGD is near the 1.34190 ratio as of this writing, this is a stark contrast to the 1.35850 vicinity seen last week. The downwards trend of the USD/SGD since last Wednesday is correlating to the broad Forex market. Friday’s lows of nearly 1.33830 were challenged again yesterday. However, because Forex volume was lighter than normal on Monday, results from today are more viable.
While there was a slight climb early this morning in the USD/SGD, the ability of the currency pair to maintain its lower near-term realm reflects a possible shift in sentiment starting to occur in Forex. USD centric risk adverse buying seems to have run into a roadblock recently. Yes, there will certainly be other headwinds created by President Trump which will affect behavioral sentiment in financial institutions, but it is possible large traders are starting to become calm.
Support and USD/SGD Speculation Near-Term
The USD/SGD does have the capability to create price velocity which is fast. Yesterday’s lack of volumhttps://xmtraders.come due to the absence of U.S institutions in Forex will see a change in the xmtraders.coming hours. This means the USD/SGD will start to be confronted by the potential of choppiness. However, if the USD/SGD remains within sight of its lower realms, financial institutions which have believed the currency pair has been overbought may believe the 1.34000 is a legitimate target.
Day traders cannot get too ambitious. Speculators must be content with quick hitting trades and cashing out profits when they materialize. The consideration that mid-term outlooks for the USD/SGD are becoming more optimistic from a bearish perspective is still yet to be proven. The downwards track of the SGD/USD since the very nervous highs from the 3rd of February when the 1.36900 ratio was hit shows that financial institutions have regained some confidence. Support around the 1.34000 may become a major catalyst near-term.
U.S Economic Data Still Remains Sidelined
Even as the U.S produced higher than expected inflation data last week, the USD/SGD continued to show a downtrend. The ability in broad Forex to see a weakening of the USD is important, but traders should not get too xmtraders.comfortable yet.
- There will be a lack of key economic data from the U.S this week.
- If last week’s stronger than anticipated inflation numbers via the Consumer Price Index and Produce Price Index statistics did not scare sellers of the USD, xmtraders.coming data will not either.
- It is a question of behavioral sentiment and finding out how much risk premium has been factored into the USD/SGD, and how much more still exists which can be taken advantage of by pursuing short positions.
Singapore Dollar Short Term Outlook:
Current Resistance: 1.34230
Current Support: 1.34150
High Target: 1.34390
Low Target: 1.34075
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