Singapore Market Analysis

• 22 Oct 2026Singapore shares remain below key averages as the dollar steadiesThe Straits Times Index remains below its 20-day and 50-day simple moving averages, with RSI at 35.61 indicating weak momentum but not confirming a reversal. DBS Group is also below both averages, although its recent closes show a modest recovery from the 20-day low. USD/SGD is below its 20-day average but above its 50-day average, leaving its broader position mixed. US claims, manufacturing and services PMIs, and consumer sentiment are the main scheduled volatility points over the next 48 hours.Bearish
• 21 Oct 2026Rebound lifts Singapore shares, but averages keep pressure in viewThe Straits Times Index (STI) and DBS Group posted daily gains, but both remain below their 20-day and 50-day averages. The STI is attempting to stabilise above its pivot after a 4.44% 20-day decline. USD/SGD is close to its pivot, with momentum readings near neutral. US Unemployment Claims on Thursday at 16:30 UAE time are the main scheduled event for the next 48 hours.Bearish
• 20 Oct 2026Singapore stocks remain under pressure as currency stays range-boundThe Straits Times Index (STI) and DBS Group remain below their 20-day and 50-day averages, keeping their short-term structure weak. The STI is near its 20-day low and its RSI, a momentum gauge, is below 30, showing oversold conditions but not confirming a reversal. USD/SGD is close to its pivot and 20-day average, while remaining above its 50-day average. No medium- or high-impact scheduled events are expected for these currencies in the next 48 hours.Bearish
• 19 Oct 2026Singapore shares stabilise near lows as currency stays range-boundThe Straits Times Index (STI) recovered modestly to 5431.61 but remains below its 20-day average at 5577.97 and 50-day average at 5659.27. USD/SGD is close to its 20-day average, with momentum broadly balanced and price still inside its recent range. DBS Group posted a stronger daily move but remains below both key moving averages. No medium- or high-impact scheduled events are expected for these currencies in the next 48 hours.Neutral
• 16 Oct 2026Index rebounds but remains below key moving averagesThe Straits Times Index (STI) recovered 0.60% to 5436.14 but remains below its 20-day and 50-day averages, keeping the broader technical bias weak. USD/SGD is holding above both moving averages, while its RSI remains below the traditionally overbought zone. DBS Group also remains below its key moving averages despite a modest daily rebound. Fed Chairman Warsh’s high-impact speech is the main scheduled event to monitor for currency and sentiment volatility.Bearish
• 15 Oct 2026Singapore stocks remain under pressure as USD/SGD holds above supportThe Straits Times Index (STI) and DBS Group (D05.SI) remain below their 20-day and 50-day averages after further daily declines. The STI is near its 20-day and 60-day low at 5362.72, while DBS Group is close to its 20-day and 60-day low at 72.50. USD/SGD is holding above its short-term averages, with upside levels at 1.2847 and 1.2871 in focus. High-impact US data at 16:30 UAE time and a speech by Fed Chairman Warsh at 07:30 UAE time on Friday may increase volatility.Bearish
• 14 Oct 2026Singapore equities remain below averages as USD/SGD holds firmThe Straits Times Index (STI) and DBS Group remain below their 20-day and 50-day moving averages, keeping their short-term bias bearish despite modest daily stabilisation. The STI is close to its 20-day low, while DBS Group remains above its 60-day low. USD/SGD is holding above its moving averages with a moderately positive momentum profile. US inflation, producer-price, retail-sales and labour data at 16:30 UAE time could increase volatility across USD/SGD and Singapore assets.Neutral
• 13 Oct 2026Singapore equities remain under pressure as USD/SGD holds firmThe Straits Times Index and DBS Group remain below their 20-day and 50-day moving averages, keeping their short-term trend weak despite today’s modest rebound. Both have RSI readings below 40, showing subdued momentum, while the index is near the lower end of its recent range. USD/SGD is holding above its moving averages and pivot, with momentum still positive but not overbought. US CPI releases at 16:30 UAE on 14 October are the main scheduled risk for all three instruments.Bearish
• 12 Oct 2026STI rebounds from lows but remains below key averagesThe Straits Times Index (STI) recovered 0.41% to 5424.19 after a sharp recent decline, but remains below its 20-day and 50-day averages. DBS Group also posted a modest rebound while staying below both averages, with momentum still weak. USD/SGD remains above its 20-day and 50-day averages, although it closed slightly below its daily pivot. No medium- or high-impact scheduled events are due for these markets in the next 48 hours.Bearish
• 09 Oct 2026Singapore equities remain under pressure as currency holds firmSingapore equities are under pressure after a sharp five-day decline, with the Straits Times Index and DBS Group trading below their 20-day and 50-day averages. Both show weak momentum, although their RSI readings are near or above traditionally oversold territory. USD/SGD remains above its moving averages and has a firmer technical structure. The main scheduled event is the US consumer sentiment and inflation expectations release at 18:00 UAE time.Bearish
• 08 Oct 2026STI and DBS Group slide as USD/SGD holds above key averagesSingapore equities weakened sharply, with the Straits Times Index falling 3.14% and DBS Group declining 4.18% on the day. Both remain below their 20-day and 50-day moving averages, while RSI readings indicate weak momentum. USD/SGD is holding above its moving averages and near the upper part of its recent range. US speakers and economic releases could add volatility to the currency and influence regional risk sentiment.Bearish
• 07 Oct 2026Singapore shares slip below key averages as USD/SGD stays firmThe Straits Times Index (STI) closed at 5624.22, below its 20-day and 50-day averages, while its 14-day RSI indicates softer momentum without an oversold reading. USD/SGD remains above both moving averages and near its daily pivot, showing a firmer short-term structure. DBS Group is close to its 20-day average and above its 50-day average, but it remains below the daily pivot after a lower close. The FOMC Meeting Minutes at 22:00 UAE time are the main near-term event, with potential effects across Singapore equities and the currency pair.Bearish
• 06 Oct 2026STI remains below key averages as DBS and USD/SGD show firmer structureThe Straits Times Index (STI) closed at 5653.96, below its 20-day and 50-day averages, keeping its short-term structure cautious. USD/SGD remains above both averages, while DBS Group is also holding above its 20-day and 50-day averages. The main scheduled risk over the next 48 hours is the high-impact FOMC Meeting Minutes at 22:00 UAE time on 7 October.Neutral
• 05 Oct 2026Singapore shares remain below trend averages as USD/SGD firmsThe Straits Times Index (STI) remains below its 20-day and 50-day averages despite a modest daily gain, keeping its near-term bias cautious. USD/SGD is holding above its moving averages, with momentum stronger but approaching its 20-day high. DBS Group is slightly above its 20-day average and well above its 50-day average, although its recent 20-day performance remains mildly negative. The US ISM Services PMI at 18:00 UAE time is the main scheduled event and could affect USD/SGD volatility.Neutral
• 02 Oct 2026Singapore stocks soften as the index stays below key averagesThe Straits Times Index (STI) closed at 5644.78, below its 20-day and 50-day averages, while its recent decline keeps the short-term tone cautious. USD/SGD remains above both averages and is holding near its 20-day high. DBS Group is close to its 20-day average and above its 50-day average, but recent losses point to consolidation. High-impact US employment data at 16:30 UAE may increase volatility across Singapore markets and the currency pair.Neutral
• 01 Oct 2026STI steadies near 5,690 while USD/SGD tests recent highsThe Straits Times Index (STI) closed slightly higher at 5689.67 but remains below its 20-day and 50-day averages, keeping the near-term picture balanced. USD/SGD is holding above its moving averages and remains close to its 20-day high at 1.2811. DBS Group is near its 20-day average and above its 50-day average, although it remains below its recent high. US manufacturing, labour-market data and Federal Reserve speakers could affect Singapore-linked markets over the next 48 hours.Neutral
• 30 Sept 2026Singapore markets pause as stocks hold above key averagesThe Straits Times Index is consolidating near its 20-day average, with momentum close to neutral and price still above the 50-day average. USD/SGD retains a mildly firmer structure above both its 20-day and 50-day averages, although it is just below the daily pivot. DBS Group remains above its key moving averages, while its latest close sits below the pivot. US economic releases at 16:30 UAE today and further events on 1 October could influence the Singapore dollar and local equities.Neutral
• 29 Sept 2026Singapore shares pause while DBS and USD/SGD hold firmer trendsThe Straits Times Index (STI) closed at 5709.88, just below its 20-day average, while remaining above its 50-day average. USD/SGD is above both moving averages, with momentum still moderately positive. DBS Group is also above its 20-day and 50-day averages, although the wider Singapore market remains mixed. US employment, inflation and GDP releases could affect USD/SGD and influence regional sentiment over the next 48 hours.Neutral
• 28 Sept 2026Singapore shares regain momentum as banks test key resistanceThe Straits Times Index (STI) closed at 5744.97, above its 20-day and 50-day averages after a 0.59% daily rise. DBS Group also strengthened and is approaching its 20-day high, while its RSI indicates positive momentum without reaching an extreme level. USD/SGD remains close to its pivot and above its 50-day average, suggesting a range-bound but mildly firm structure. US consumer confidence and JOLTS job openings, both scheduled for Tuesday at 18:00 UAE time, may affect the currency and indirectly influence Singapore assets.Bullish
• 25 Sept 2026Singapore shares pause while the US dollar and DBS retain supportThe Straits Times Index (STI) is consolidating near 5682.01, below its 20-day average but above its 50-day average. USD/SGD remains above both moving averages, with momentum still moderately positive. DBS Group is also above its 20-day and 50-day averages, although nearby pivot resistance may limit immediate progress. US events at 18:00 UAE could affect the currency and broader risk sentiment.Neutral

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