USD/SGD
USD/SGD market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Economic calendar
USD/SGD details
USD/SGD is the forex currency pair of US dollars and Singaporean dollars. It tells traders how many Singaporean dollars are needed to buy a single US dollar.
Singapore is a premiere financial hub in Asia. Its economy is largely driven by exports of electronics manufacturing and machinery, as well as tourism and financial services. The island nation is also one of the world’s busiest seaports.
The US and Singapore entered into a free trade agreement in January 2004 to reduce barriers for trade and investment between the two countries. However, the United States’ long-term trade conflict with China reverberates through the USD/SGD rate.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | 0.4 |
| Short | -1.14 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 1.5 Points |
Spreads
| Spreads from | 0.00026 Points |
Margins
| 0 - 1,000,000 | 5.0 % |
| 1,000,000 - 5,000,000 | 10.0 % |
| 5,000,000 - 10,000,000 | 15.0 % |
| 10,000,000 - 20,000,000 | 20.0 % |
| 20,000,000 + | 40.0 % |
Dealing
| Spreads from | 0.00026 Points |
Margins
| 0 - 1,000,000 | 5.0 % |
| 1,000,000 - 5,000,000 | 10.0 % |
| 5,000,000 - 10,000,000 | 15.0 % |
| 10,000,000 - 20,000,000 | 20.0 % |
| 20,000,000 + | 40.0 % |
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