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EUR/SGD:FUNDAMENTAL+TECHNICAL ANALYSIS| PRICE IS FALLING⚡️

Singapore Export Prices for August increased 14.2% annualized, and Singapore Import Prices increased 12.8% annualized. Forex traders can compare this to Singapore Export Prices for July, which increased 12.9% annualized, and Singapore Import Prices, which increased 12.9% annualized. The Singapore PPI for August increased by 17.0% annualized. Forex traders can compare this to the Singapore PPI for July, which increased 17.1% annualized.

UK Mortgage Approvals for August are predicted at 73.00K. Forex traders can compare this to UK Mortgage Approvals for July, reported at 75.20K. UK Net Consumer Credit for August is predicted at £0.300B, and Net Mortgage Lending is predicted at £3.676B. Forex traders can compare this to UK Net Consumer Credit for July, reported at -£0.042B, and Net Mortgage Lending, reported at -£1.400B.

The forecast for the EUR/SGD remains bearish, driven lower by its descending Ichimoku Kinko Hyo Cloud and uncertainty over how the next German government will form following Sunday’s inconclusive elections.

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