- Analytics
- News and Tools
- Market News
- USD/THB now seems consolidative near term – UOB
USD/THB now seems consolidative near term – UOB
Markets Strategist at UOB Group Quek Ser Leang notes USD/THB seems to have moved into a consolidation theme as of late.
Key Quotes
“Our view for SGD/CNH to ‘trade with a downward bias’ last week was incorrect as it edged to a high of 5.2114 last Friday (18 Nov 2022). Upward has improved, albeit not by much.”
“For this week, SGD/CNH is likely to edge higher but any advance is expected to face solid resistance at 5.2250. On the downside, a breach of 5.1600 (minor support is at 5.1720) would indicate that the current mild upward pressure has eased.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
