Singapore Market Analysis: Singapore shares pause while the US dollar and DBS retain support
The 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.
What to watch today
- STI: 5691.63 pivot, 5669.65 support and 5705.36 resistance.
- USD/SGD: 1.2800 pivot, 1.2789 support and 1.2813 resistance.
- DBS Group: 77.43 pivot, 77.10 support and 77.80 resistance.
- 03:55 UAE: President Trump speaks; monitor currency and risk-sentiment volatility.
- 18:00 UAE: Revised UoM Consumer Sentiment and Inflation Expectations.
Technical analysis
Straits Times Index (STI)
Neutral5,682.01The Straits Times Index (STI) is below its 20-day average at 5709.69 but above its 50-day average at 5674.28, remaining inside its recent 20-day range of 5621.76 to 5828.50.
- Last close
- 5,682.01
- 1 day
- -0.02%
- 5 days
- +0.38%
- 20 days
- -0.04%
- SMA 20
- 5,709.69
- SMA 50
- 5,674.28
- RSI 14
- 49.7
- ATR 14
- 47.35
- 20-day range
- 5,621.76 – 5,828.50
- Daily pivot
- 5,691.63
The Straits Times Index (STI) closed at 5682.01 after trading between 5665.35 and 5703.24. It is slightly below the 5691.63 pivot and its 20-day exponential average at 5691.28, while remaining above the 50-day simple moving average at 5674.28. This leaves the short-term structure mixed rather than directional.
The 14-day RSI, a momentum measure, is 49.67, close to the neutral midpoint. A move above the pivot could bring the first resistance at 5705.36 into focus, followed by 5727.34. On the downside, 5669.65 and 5655.92 are the nearby support levels, with the 20-day low at 5621.76 showing the broader recent range.
USD/SGD
Bullish1.2793USD/SGD is above its 20-day average at 1.2718 and 50-day average at 1.2775, while trading near the upper end of its 20-day range.
- Last close
- 1.2793
- 1 day
- -0.07%
- 5 days
- +0.26%
- 20 days
- +0.67%
- SMA 20
- 1.2718
- SMA 50
- 1.2775
- RSI 14
- 59.3
- ATR 14
- 0.0043
- 20-day range
- 1.2627 – 1.2811
- Daily pivot
- 1.2800
USD/SGD closed at 1.2793, above the 1.2789 pivot support and just below the 1.2800 pivot. The pair remains above its 20-day simple moving average at 1.2718, its 20-day exponential average at 1.2741, and its 50-day average at 1.2775. Its 20-day range runs from 1.2627 to 1.2811.
The 14-day RSI is 59.26, indicating moderately positive momentum without reaching an extreme reading. A sustained move above 1.2800 would put 1.2813 and 1.2824 on watch. If the pivot area fails, 1.2789 and 1.2776 provide the nearest reference points.
DBS Group (D05.SI)
Bullish77.59DBS Group is above its 20-day average at 77.47 and 50-day average at 75.95, with a recent 20-day range between 76.14 and 79.05.
- Last close
- 77.59
- 1 day
- +0.14%
- 5 days
- +0.95%
- 20 days
- +1.89%
- SMA 20
- 77.47
- SMA 50
- 75.95
- RSI 14
- 57.1
- ATR 14
- 0.85
- 20-day range
- 76.14 – 79.05
- Daily pivot
- 77.43
DBS Group closed at 77.59, above the 77.43 pivot and its 20-day simple moving average at 77.47. The 20-day exponential average is lower at 77.14, while the 50-day average is 75.95, keeping the broader short-term structure constructive. The latest session ranged from 77.18 to 78.06.
The 14-day RSI is 57.09, showing moderate positive momentum. The first resistance levels are 77.80 and 78.13, while 77.43 and 77.10 are the nearest support references. The 20-day high at 79.05 remains the upper boundary of the recent range.
Market events (next 48 hours)
| Time (UAE) | Currency | Event | Impact | Forecast | Previous |
|---|---|---|---|---|---|
| Fri 25 Sep, 03:55 UAE | USD | President Trump Speaks | Medium | – | – |
| Fri 25 Sep, 18:00 UAE | USD | Revised UoM Consumer Sentiment | Medium | 47.4 | 47.8 |
| Fri 25 Sep, 18:00 UAE | USD | Revised UoM Inflation Expectations | Medium | – | 4.6% |
The main scheduled risk is the US dollar event window. President Trump is scheduled to speak at 03:55 UAE, while Revised UoM Consumer Sentiment and Revised UoM Inflation Expectations are scheduled for 18:00 UAE.
- USD/SGD: US political remarks and consumer sentiment or inflation-expectation results can increase currency volatility, particularly around the 1.2800 pivot and the 1.2813 resistance.
- Straits Times Index (STI) and DBS Group: Changes in broad risk sentiment around the US events can affect equity-market volatility, with the STI pivot at 5691.63 and DBS Group pivot at 77.43 serving as nearby reference levels.
- The consumer sentiment release has a forecast of 47.4 versus a previous reading of 47.8. Revised inflation expectations have a previous reading of 4.6%, with no forecast shown.
Algo insight: how a rules-based system treats today
A rules-based approach would treat the Straits Times Index (STI) as range-bound while it remains between the 5669.65 support and 5705.36 resistance, rather than assuming that the small daily move establishes a trend. Its 14-day ATR, a measure of typical daily movement, is 47.35 points, so any protective distance would need to reflect that volatility and position size would normally be adjusted accordingly.
USD/SGD has a 14-day ATR of 0.0043, while DBS Group has an ATR of 0.85. A systematic model could use these readings to calibrate volatility-aware protective distances and reduce exposure when price movement expands. It would also typically avoid opening new positions immediately around the 03:55 UAE speech and the 18:00 UAE US releases, then reassess after spreads and price swings settle.
Session timing should be treated as part of the rules: monitor the relevant Singapore trading period for the STI and DBS Group, and the US event window for USD/SGD. No algorithmic outcome is guaranteed, and these conditions are not personalised investment advice.
Important: This analysis is general market commentary produced for educational purposes and is not investment advice, a recommendation or a solicitation to trade. Price data comes from public sources and may be delayed or contain errors. Trading foreign exchange, commodities, crypto-assets and equities carries a substantial risk of loss. Fino Ways LLC does not manage client funds and does not guarantee any outcome. Read the full Risk Disclosure and Disclaimer.