Flash: USD/SGD bullish momentum appears incomplete - UOB

FXstreet.com (Barcelona) - According to Strategists at UOB, the bullish momentum is picking up strongly, and despite overbought conditions, "the current rally appears incomplete and another leg higher towards 1.2525/30 is likely before a pullback can be expected", the FX Team at UOB said, adding that "solid support is at 1.2455/60 now."

Nov 22, 2013

DXY appears to technicians to just be getting started on upside – 1st target 83.45

The DXY – perhaps contrary FOMC desires – appears to be on the rise according to technicians. Rates higher and DXY following does not correspond with the idea of neverending QE – something’s gotta give.

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Nov 22, 2013

Flash: Specs could precipitate Gold overshoot, sub-$1,000/oz on intraday basis - TDS

As the US continues to show tentative signs of recovery in the face of a US government shutdown, it suggests tapering is growing closer, which should result in even lower gold prices, notes Mike Dragosits, Analyst at TD Securities.

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