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    Daily Market News – 14/04/2016

    EUR/USD

    EUR/USD

     

    On Thursday, 14th of April the key currency pair EUR/USD fallen below the level of 1.1250 as an improvement in global sentiment led investors to trim bearish dollar positions.

    Currently, the EUR/USD pair trades near to the mark of 1.126 by losing 0.1%.

    As Reuters reports, “The Federal Reserve has highlighted global uncertainty as the major bar to another hike in interest rates. So, when upbeat trade data out of China and a pick-up in commodity prices seemed to lessen the risk of a deeper world downturn, dollar bulls figured there was now more chance of a move.

    Analysts at CitiFX said recent developments might serve as "foundational encouragement" for investors to warm up to the idea of pricing in more tightening. “

    The resistance levels for the euro are 1.1285 and 1.1310.

    The support levels for the EUR/USD are following 1.1225 and 1.1194

    USD/SGD

    USD/SGD

    Today, the Singaporean dollar loses more than 1% against the American dollar as Singapore's central bank citing a tougher outlook for economic growth, also boosted regional equities and gave the dollar a lift against that country's currency.

    Currently, the USD/SGD pair trades near to the mark of 1.366.

    The next resistance levels for the pair are 1.3700 and 1.3777

    The support levels are 1.3640 and 1.3590.

    The information provided is for educational purposes only and should not be considered as investment advice.

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