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LastBattle
Jan 28, 2015 1:11 PM

Eased monetary policy Long

FX:USDSGD1W

Description

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We have a new participant of the global wave of monetary easing policy after Japan, Europe, & other ASEAN nation.

Keep your shorts on SGD opened at least from now until June - September 2015 :)
1.4 USDSGD is the near term target.

bloomberg.com/news/articles/2015-01-28/singapore-joins-global-wave-of-monetary-easing-after-prices-fall
bloomberg.com/news/articles/2015-01-28/why-china-may-not-follow-singapore-in-global-push-for-weaker-currencies

sgdUSD (US Dollar)singaporedollarecbmonetarypolicyEase of Movement indicator (EOM)easingeased
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