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USD/SGD remains well offered

USD/SGD is capturing attention with its sustained price move and soaring volatility.

The search for a low in today's trading is reflected in the 2-standard deviation bands expanding for several consecutive hours. Moreover, the near-term technical picture shows recent close prices printing below the 50 exponential moving average, a bearish condition that should it persist, would help maintain prices below the SAR indicator.

The parabolic SAR has yet to switch direction after two sessions of downward price movement. By doing so means shorts are taking profit. Risks exist the volatility and down drift extend to higher time frames.

WTI off highs, back to $46.50

Prices for the West Texas Intermediate are extending their recovery from Friday’s lows, returning to the mid-$46.00s after climbing as high as $46.80 per barrel...
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United States ISM Non-Manufacturing PMI registered at 56.9, below expectations (57.7) in September

United States ISM Non-Manufacturing PMI registered at 56.9, below expectations (57.7) in September
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