USD/SGD MACRO LONG post MAS and Weak Q1 GDP Figures

12 Nis 2013

Looking for significant rally over the next 24 hours with the MAS holding interest rates but lowering inflation forecasts giving them room to move if the economy weakens. Q1 GDP has then come in very weak at -1.4% vs. +2.5% forecast and combined with chances of USD strength via EUR/USD selling or USD/JPY buying we have good risk reward at these current levels