News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • In the West, that qualifies as a default action. Let's see how it is treated in the world's second largest economy
  • Some Evergrande offshore bondholders do not expect company to make interest payment by Thursday deadline
  • The flash September US PMIs slowed more sharply than expected. That was a general trend across the developed world with most economies continuing to slow from their post-Pandemic peak recovery paces
  • 🇺🇸 CB Leading Index MoM (AUG) Actual: 0.9% Expected: 0.7% Previous: 0.8%
  • $SPY showing some strength, support at the 50, res at the 23.6 $SPX $ES
  • 🇺🇸 Markit Manufacturing PMI Flash (SEP) Actual: 60.5 Expected: 61.5 Previous: 61.1
  • Heads Up:🇺🇸 CB Leading Index MoM (AUG) due at 14:00 GMT (15min) Expected: 0.7% Previous: 0.9%
  • Bank of England left policy measures unchanged as expected with the Bank Rate remaining at 0.1% and gilt purchases at GBP 875bln.Get your $GBP market update from @JMcQueenFX here:
  • $USD pulling back from that Sept high that was set after FOMC yday price action still messy, but a semblance of support around the 93 handle $DXY
  • Heads Up:🇺🇸 Markit Manufacturing PMI Flash (SEP) due at 13:45 GMT (15min) Expected: 61.5 Previous: 61.1
SGD Rises Following PMI Announcement

SGD Rises Following PMI Announcement

Michael Romero,

Talking Points:

• SGD Rises Following Electronics Sector Expansion And Contracting PMI.

• Singapore’s Electronics Sector Beats Analysts’ Expectations.

The Singapore Dollar looked past contracting Purchasing Managers’ Index (PMI) figures and rose as a result of an optimistic electronics sector. Singapore’s PMI for December 2014 came in under leading economist’s expectations of 51 percent and instead crossed the wire at 49.6 percent, also down from 51.8 percent in November. Figures reached their lowest levels since February 2013 and their first contraction since August 2014. The contraction is mainly the result of fewer new orders and dwindling export growth said several analysts’ surveyed by Bloomberg. Similarly Singapore’s electronics sector’s PMI also slipped from 50.6 percent in November 2014 to 50.5 percent in December 2014. The rise in the USD/SGD came as no surprise as figures came in overshooting leading economists’ expectations of 50.1 percent. The 50.5 percent figure indicates an electronics sector, which has struggled against its counterparts such as the South Korea and Taiwan markets, which is continuing to expand.

SGD Rises Following PMI Announcement

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.