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USD/SGD's volatility soars

We see an injection of volatility in the USD/SGD pair that could present a trade for opportunistic readers.

The rally in today's trading has expanded the 2-standard deviation bands for several consecutive hours beyond the maximum width seen in a week of trading. Moreover, the same 1hr charts show recent close prices printing above the 50-period EMA, a bullish condition that should it persist, would help keep prices above the SAR indicator.

A change of direction in the parabolic SAR after two sessions of upward price movement in the USD/SGD would imply longs are taking profit. Risks exist as the volatility and the vibrant up thrust in price extend to higher time frames.

GBP/USD downside open below 4hr 20 SMA

GBP/USD is currently trading at 1.5128 with a high of 1.5181 and a low of 1.5106.
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EUR: lower inflation increases likelihood of further ECB easing - BTMU

Analysts at Bank of Tokyo Mitsubishi explained that the euro has weakened modestly driven both by the tentative improvement in the global investor risk sentiment and building expectations of further monetary easing from the ECB.
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