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USD/SGD sees its volatility dampen

Outlined from an hourly perspective, USD/SGD's set-up consists of an upward trajectory coupled with extremely low volatility numbers.

Usually associated with the charting of narrow ranged channels, there is an increasing probability for volatility to pick up again and, in view of the abated upside momentum, for price to roll over and start a down move.

In its search for a new fair value beyond the confines of the consolidation, there is potential to move towards the 200 EMA once the immediate support represented by the 50 EMA is taken out. On the upside, an acceleration above the recent highs would have the potential channel resistance as a first hurdle.

United States Total Net TIC Flows: $-9.2B (August) vs previous $141.9B

United States Total Net TIC Flows: $-9.2B (August) vs previous $141.9B
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USD/JPY ends week lower but far from the lows

USD/JPY posted important gains on Friday and managed to move off weekly lows. The pair finished the week trading around 119.50, 75 pips below the level it had seven days ago but 150 pips above Thursday’s lows.
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