USDSGD To Retest Support?
The USDSGD pair looks to be bearing down again on trendline support and it will be interesting to see if another bid could be found, or will risk take over and will the pair retest the 100day moving average for the first time since October.
China Sets Yuan Reference Rate @ 6.3170
Singapore Export Data
The USDSGD pair had a muted reaction, inching lower as the Non-Oil Domestic exports came in well above expectations. The details of the release are as follows:
- Electronic Exports (YoY) – Survey:0.4% Actual:-4.6% Prior:0.1%
- Non-Oil Domestic Exports (YoY) – Survey:-1.2% Actual:9.0% Prior:1.6%
- Non-Oil Domestic Exports sa (YoY) – Survey:1.6% Actual:16.4% Prior:5.9%
Japan’s Tertiary Industry Index
Japan’s Tertiary Industry Index for November expected at -0.4% came in worse at -0.8%, also weaker than October’s increase of 0.6%. The USDJPY pair had a muted reaction continuing to trade below the 77 handle to begin this week.
China Sets Yuan Reference Rate @ 6.3306
Aussie Home Loans & Investment Lending
Aussie Home Loans rose above expectations, while Investment Lending also increased in November from the prior month. The Aussie had a muted reaction to this release.
- Home Loans (MoM) – Survey:1.0% Actual:1.4% Prior:0.7%
- Investment Lending – Actual:1.8% Prior:-5.5%
UK Rightmove House Prices
House Prices in the UK continue their decline with another poor reading for January, albeit slightly improved from the prior month. Sterling has managed to find a light bid to start the week.
- Rightmove House Prices (MoM) – Actual: Prior:-2.7%
- Rightmove House Prices (YoY) – Actual: Prior:1.5%
Japan’s Machine Orders & Inflation Report
Machine Orders rose in November and inflation picked up in November, however the USDJPY pair and risk pairs have had no reaction to the release.
- Machine Orders – Survey:5.1% Actual:14.8% Prior:-6.9%
- Machine Orders – Survey:3.8% Actual:12.5% Prior:1.5%
- Domestic CGPI (MoM) – Survey:-0.1% Actual:0.1% Prior:0.1%
- Domestic CGPI (YoY) – Survey:1.2% Actual:1.3% Prior:1.7%


