Monday, October 22, 2012

Is it time to buy USD/SGD?

SGD is almost at a year's high against USD, SG economy is not doing that great recently and, I think, SG property is due to a big correction. Are these reasons enough to start buying USDs and selling SGDs?


1 comment:

RK said...

I have been adding on smaller positions on USDSGD pair and it has been holding well so far. Pair is in a period of consolidation with next 2 weeks being crucial for any breakouts. Direction of the breakout will depend on the fiscal cliff talks. I am thinking to have a stop loss or stay with it if the trades go against me...