GBP/SGD:FUNDAMENTAL ANALYSIS + HARMONIC GARTLEY SETUP LONG...

17 Eyl 2021

The Singapore Trade Balance for August was reported at 6.253B. Forex traders can compare this to the Singapore Balance for July, reported at 3.970B. Non-Oil Exports for August decreased 3.6% monthly and increased 2.7% annualized. Economists predicted an increase of 2.4% and 8.3%. Forex traders can compare this to Non-Oil Exports for July, which decreased 0.9% monthly and increased 12.7% annualized.

UK Retail Sales for August are predicted to increase 0.5% monthly and 2.7% annualized. Forex traders can compare this to UK Retail Sales for July, which decreased 2.5% monthly and increased 2.4% annualized. UK Core Retail Sales for August are predicted to increase 0.8% monthly 2.5% annualized. Forex traders can compare this to UK Core Retail Sales for July, which decreased 2.4% monthly and increased 1.8% annualized.

The forecast for the GBP/SGD remains bullish after price action recovered off its lows.

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