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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • 🇫🇷 Balance of Trade (JAN) Actual: €-3.95B Previous: €-3.39B
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • Heads Up:🇫🇷 Balance of Trade (JAN) due at 07:45 GMT (15min) Previous: €-3.39B
  • China Foreign Ministry Spokesman Wang Wenbin: Fighting virus requires solidarity, nations to cooperate China, US should cooperate to counter virus - BBG
  • (Commodities Briefing) Gold Prices at Risk as Crude Oil Benefits from Surprise OPEC+ Output Hold #Gold #CrudeOil #OPEC #nfp
  • The New Zealand Dollar may resume its broader uptrend, with NZD/USD and NZD/JPY eyeing key rising support. NZD/CAD and NZD/CHF appear to have more room for near-term losses, however.Get your market update from @ddubrovskyFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.87%, while traders in Germany 30 are at opposite extremes with 66.27%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.00% 🇨🇭CHF: -0.04% 🇯🇵JPY: -0.07% 🇪🇺EUR: -0.11% 🇦🇺AUD: -0.19% 🇳🇿NZD: -0.33% View the performance of all markets via
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.32% US 500: -0.38% Germany 30: -0.65% France 40: -0.80% FTSE 100: -0.89% View the performance of all markets via
  • Bitcoin and Ethereum look set to climb higher in the near term, as Citigroup and Goldman Sachs prove additional validation to the cryptocurrency market. Get your market update from @DanielGMoss here:
SGD Strengthens As Manufacturing Output Outpaces Expectations

SGD Strengthens As Manufacturing Output Outpaces Expectations

Michael Romero,

Talking Points:

• Monthly Manufacturing Output Surpasses Analysts’ Expectations.

• Surges In Biomedical Manufacturing Push Industrial Output Forward.

• SGD Soars To New Heights Following Better Than Expected Data.

The Singapore Dollar strengthened as better than expected manufacturing output data was released by the Department of Statistics of Singapore. Manufacturing performance in December 2014 contracted on a year-on-year basis by 1.9 percent, however slower than what leading economists’ surveyed by Bloomberg had expected at -3.4. The figure also contracted at a slower rate than the previous year’s revised reading of -2.1 percent. On a seasonally adjusted month-on-month basis, manufacturing output grew 1.80 percent in December 2014 compared to November 2014. The larger than expected growth soared past leading analysts’ expectations of 1.5 percent and remained significantly higher than November 2014’s figure of -1.0.

Increased manufacturing output stemmed largely from growth in a variety of industrial sectors. According to the Department of Statistics of Singapore, the precision engineering sector increased 10.9 percent compared to the same month a year ago. Machinery and systems also increased by 12.9 percent, fueled by higher output in mechanical engineering work and semiconductor equipment. Electronic connectors and optical instruments grew by 8.4 percent. As a whole the precision engineering sector grew by 3.8 percent in 2014 compared to 2013. In line with this strong growth, biomedical manufacturing rose 8.8 percent compared to 2013.

SGD Strengthens As Manufacturing Output Outpaces Expectations

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