US Dollar Forecast: Busy Week Ahead for IDR, THB, SGD and PHP as NFPs Near
2021-05-03 03:00:00
Daniel Dubrovsky,
Strategist
US Dollar, Singapore Dollar, Thai Baht, Indonesian Rupiah, Philippine Peso, Indian Rupee, ASEAN, Fundamental Analysis – Talking Points
US Dollar weakened against most ASEAN currencies except Singapore Dollar
Focus will be on Fed speak and US non-farm payrolls, ASEAN docket very busy
Indonesia GDP & CPI, Bank of Thailand, Philippine inflation and more are due
US Dollar ASEAN Weekly Recap
The anti-risk US Dollar finished on a downbeat against most ASEAN currencies this past week with the exception of the Singapore Dollar. This may have been due to more resilience in Thai, Indonesian and Philippine stock markets compared to overall Emerging Market sentiment. The MSCI Emerging Markets Index (EEM) closed -1.19%, weighed down by Chinese benchmark stock indexes. ASEAN currencies can be quite sensitive to overall risk appetite and the direction of capital fl
Dubai: Remittances from the UAE are seeing a surge as several, particularly South Asian currencies, were losing ground in the past weeks. But will remittance-beneficial currency trend continue?
When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. To understand whether it is or isn’t, one should first find out if your currency back home is expected to rise or fall in the days to come.
According to statistics, South Asians, which – among others – include people from India, Pakistan and the Philippines, and make up nearly 60 per cent of the UAE population. So, it would be financially beneficial to regularly analyse currencies of the above countries, be it – the Rupee or the Peso.
I made this post for all of my readers who ve been messaging me on social media apps about this specific topic. I also think many families here in the Philippines with OFW members will greatly benefit from it since PayPal is still widely used in the United States and Europe. Here s a step-by-step guide on how to transfer money or funds from PayPal to GCash. 1. Make sure that your GCash account has already been verified. 2. Make sure that your PayPal account has at least PHP 500 and that Philippine Peso (PHP) is your Primary Account Currency. If your PayPal account only has funds in USD, Euros, or GBP, then you would need to
US Dollar Analysis, Road Ahead Bumpy: USD/SGD, USD/THB, USD/IDR, USD/PHP
2021-04-30 03:00:00
Daniel Dubrovsky,
Strategist
US Dollar, USD/SGD, USD/THB, USD/PHP, USD/IDR – ASEAN Technical Analysis
US Dollar remains vulnerable against ASEAN currencies
Singapore Dollar Technical Outlook
The US Dollar continues to remain under pressure against the Singapore Dollar, but the latter faces its next key technical test against the former. USD/SGD is pressuring the 78.6% Fibonacci retracement at 1.3238, which is acting as key immediate support. There may be room for a bounce here, but it will remain to be seen if it will be enough to overturn March’s top.
Most equity markets in emerging Asia fell on Friday, with Philippine stocks leading the losses, as weaker-than-expected Chinese factory indicators and concerns about Beijing's clampdown on internet companies weighed on sentiment.