EUR/SGD:TECHNICAL AND FUNDAMENTAL ANALYSIS - SHORT 🔔

Singapore Industrial Production for April increase by 1.0% monthly and 2.1% annualized. Economists predicted an increase of 0.5% and 3.4%. Forex traders can compare this to Singapore Industrial Production for March, which decreased 1.7% monthly and increased 7.6% annualized.

The Final German GDP for the first quarter is predicted to decrease by 1.7% quarterly and 3.3% annualized. Forex traders can compare this to the German GDP for the fourth quarter, which increased 0.3% quarterly, and which decreased 3.3% annualized. The German IFO Business Climate Index for May is predicted at 98.2. Forex traders can compare this to the German IFO Business Climate Index for April, reported at 96.8. The German IFO Current Assessment Index for May is predicted at 95.5. Forex traders can compare this to the German IFO Current Assessment Index for April, reported at 94.1. The German IFO Expectations Index for May is predicted at 101.4. Forex traders can compare this to the German IFO Expectations Index for April, reported at 99.5.

The forecast for the EUR/SGD turned bearish after stalling at resistance.