Singapore Market Analysis

• 24 Sept 2026STI consolidates while USD/SGD and DBS hold firmer structuresThe Straits Times Index (STI) is consolidating near its pivot after a modest daily decline, while remaining above its 50-day average. USD/SGD is holding above its 20-day and 50-day averages, with momentum firm but not yet extreme. DBS Group is also above both moving averages and has a stronger 20-day performance than the broader index. US labour-market and consumer-sentiment releases may influence USD/SGD and indirectly affect Singapore equities during the next 48 hours.Neutral
• 23 Sept 2026Singapore stocks rebound as currencies and banks remain range-boundThe Straits Times Index (STI) rose 0.82% to 5721.90, moving above its 20-day and 50-day averages while remaining below the 20-day high at 5828.50. DBS Group remains above both key moving averages despite a softer daily close. USD/SGD is close to its pivot at 1.2757, with mixed signals between its 20-day and 50-day averages. US Unemployment Claims at 16:30 UAE on 24 September is the main scheduled event in the next 48 hours.Neutral
• 22 Sept 2026Singapore markets steady as banks firm while the STI stays range-boundThe Straits Times Index (STI) recovered to 5696.15 but remains below its 20-day average at 5711.01, while holding above its 50-day average at 5667.80. DBS Group is trading above both its 20-day and 50-day averages, giving it the firmest technical structure among the instruments covered. USD/SGD remains above its 20-day average but below its 50-day average, with price close to nearby pivot resistance. No medium- or high-impact scheduled events are listed for these currencies over the next 48 hours.Neutral
• 21 Sept 2026STI remains range-bound as DBS firms and USD/SGD steadiesThe Straits Times Index (STI) is consolidating near 5669.16 after a modest daily gain, with resistance clustered above current levels. DBS Group is holding above its 20-day and 50-day averages, while USD/SGD remains above its 20-day average but below its 50-day average. No medium- or high-impact scheduled events are expected for these markets during the next 48 hours. Traders may therefore focus on technical levels, recent ranges and normal session volatility rather than a known event catalyst.Neutral
• 19 Sept 2026STI tests recent low as USD/SGD holds above short-term averageThe STI remains under pressure near its 20-day low after closing below both key moving averages. USD/SGD retains a firmer short-term tone above its 20-day average, although the 50-day average remains overhead. DBS is consolidating around its 20-day average while staying above its 50-day trend measure. With no medium- or high-impact events scheduled, technical levels may remain the main focus.Neutral

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