usd/sgd has been consolidating in an hourly chart.
usd/sgd has been consolidating in this hourly chart between a range of 1.24000 – 1.24600. We need to see it break out of this range to give us a signal of which direction the currency pair wants to move in this market.
usd/hkd testing Friday’s lows @ 7.76224
After testing the 23.6% level usd/hkd never looked back and now is testing Friday’s low of 7.76224.
usd/cnh still grinding down in a downward channel.
usd/cnh has been grinding down in this downward channel testing a recent low of 6.3586. usd/cnh also has room to test the low of 6.32350.
usd/sgd starting off this week under weekly trend-line
usd/sgd is starting off this week under weekly trend-line which might provide resistance for pair.
Japan’s Manufacturing PMI
Japan’s Markit/JMMA Manufacturing PMI for October was an expansionary number at 50.6, better than the prior release of 49.3.
South Korea’s September Industrial Production
South Korea’s Industrial Production reading for September came out better than expected, the details are as follows:
- Industrial Production (MoM) – Survey: -0.4% Actual:1.1% Prior:-1.9%
- Industrial Production (YoY) – Survey:4.5% Actual:6.8% Prior:4.8%
- Industrial Production Mfg (YoY) – Actual:7.0% Prior:4.9%
- Service Industry Output (YoY) – Actual:3.8% Prior:4.8%
- Leading Index (YoY) – Actual:1.5% Prior:2.0%
South Korea Manufacturing Business Survey
South Korea’s Manufacturing Business Survey for November shows a decrease from the October estimate. The Manufacturing Survey for November showed a declining reading of 82 from 84 the prior month, while the Non-Manufacturing Survey also fell to 84 vs. 86 the prior release. The market had no reaction to this release as risk opened slightly lower than Friday’s close.
REBROADCAST: Week Ahead in Forex with Greg Michalowski this Monday 9:30 AM
Week Ahead in Forex with Greg Michalowski this Monday 9:30 AM – REBROADCAST

