Published at 03:12 (GMT) 18 Mar
CNA: The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force will jointly investigate market misconduct offences such as insider trading and market manipulation under the Securities and Futures Act (SFA) with effect from Tuesday (17 Mar). "MAS and CAD will consolidate their investigative resources and expertise, drawing significant synergies from MAS' role as a financial regulator and CAD's financial crime investigation and intelligence capabilities," the agencies added.
On FX, USD/SGD was capped below 1.3900 in the morning. Prices slipped to 1.3871-78 at last check. Expect subdued trading ahead of US FOMC meeting. A hawkish bias at the meeting could see USD/SGD bulls rallying through 1.3934 (13 Mar high) to fresh 5-year highs. The focus will then be placed on 1.3950 mark again, where we believe the MAS is on guard to defend the level. SGD NEER is seen at 1.72% below its midpoint. STI shaved off 0.2% at time of timing. IF
Recommended Content
Editors’ Picks
AUD/USD eases toward 0.6500 after mixed Australian trade data
AUD/USD is seeing some fresh selling interest in the Asian session on Thursday, following the release of mixed Australian trade data. The pair has stalled its recovery mode, as the US Dollar attempts a bounce after the Fed-led sell-off.
USD/JPY rebounds above 156.00 after probable Japan's intervention-led crash
USD/JPY is staging a solid comeback above 156.00, having lost nearly 450 pips in some minutes after the Japanese Yen rallied hard on another suspected Japan FX market intervention in the late American session on Wednesday.
Gold price stalls rebound below $2,330 as US Dollar recovers
Gold price is holding the rebound below $2,330 in Asian trading on Thursday, as the US Dollar recovers in sync with the USD/JPY pair and the US Treasury bond yields, in the aftermath of the Fed decision and the likely Japanese FX intervention.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
The FOMC whipsaw and more Yen intervention in focus
Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.