U.S. Dollar / Singapore Dollar
AUDSGD is near historical lows but current price action is showing the pair in a sideways consolidating channel.
Clear trend seen in the crash of Malaysia's ringgit, and can be described by the famous "anatomy of a bubble". It is driven by psychology more than the low oil price, or the corruption of Malaysia's Prime Minister Najib. Ringgit instead strengthened in the early days of the oil crash and it took almost 1/2 a year before the common folks start realizing and...
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. www.bloomberg.com www.bloomberg.com