Singapore Balance of Trade
Purchase of intermediate goods and exportation of high-value-added products are the two mainstays of the Singapore economy. Machinery and equipment account for 43% of overall exports, followed by petroleum (19%) and chemicals (13%) are the most important exports in the country. Machinery and equipment account for 39% of total imports, followed by petroleum (33%), chemical goods (7%), and miscellaneous manufactured articles (7%), which are Singapore's primary imports. The countries with the largest trade deficits in 2017 were China, Hong Kong, Malaysia, Indonesia, and the United States. Singapore had no surpluses with any of the countries with whom it did business.
A higher than expected figure should be seen as positive (bullish) for the SGD while a lower than expected figure should be seen as negative (bearish) for the SGD.
Forex Sentiment (SGD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDSGD |
|
|
1.3530 -59 pips |
1.3614 -25 pips |
1.35890 | |
| SGDJPY |
|
|
112.7652 -198 pips |
115.7251 -98 pips |
114.750 | |
| AUDSGD |
|
|
0.9016 +101 pips |
0.9435 -520 pips |
0.89154 | |
| CHFSGD |
|
|
1.4928 -3 pips |
1.5147 -216 pips |
1.49314 | |
| EURSGD |
|
|
1.4580 +7 pips |
1.4778 -205 pips |
1.45730 | |
| GBPSGD |
|
|
1.6911 -144 pips |
1.7237 -182 pips |
1.70555 |
News (SGD)
Singapore Keeps Monetary Policy Unchanged On Inflation Concerns; GDP Growth Disappoints
Singapore central bank left its monetary policy stance unchanged as core inflation is projected to stay elevated in the immediate quarters ahead, while the economy logged a weaker-than-expected growth on softer manufacturing and construction activity. The Monetary Authority of Singapore decided to retain the prevailing rate of appreciation of the S$NEER policy band.
RTTNews | 17 days ago
Singapore Private Sector PMI Slips To 55.7 - S&P Global
The private sector in Singapore continued to expand in March, albeit at a slower rate, the latest survey from S&P Global revealed on Wednesday, with a PMI score of 55.7.
RTTNews | 27 days ago
Singapore's Private Sector Accelerates In February - S&P Global
The private sector in Singapore continued to expand in February, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a PMI score of 56.8.
RTTNews | 56 days ago
