Weekly Market Update
USDSGD
We remain in our long positions, with the market having dipped below the September 2024 low of 1.2788—likely triggering some short positions. A move back above 1.28 could force these shorts to cover, reinforcing our counter-trend strategy. Given the market’s oversold conditions, we maintain our stance.
AUDCHF
Our long positions continue, though the market remains weak and slow-moving. Upside appears limited to 0.58, but a move to this level would place all positions in profit. We are near full capacity in this trade, with drawdown well controlled. While June has not been highly profitable, the risk management remains sound.
Reminder: Minimum Balance Update
As previously communicated, the minimum account balance for new clients will increase to €10,000 effective Tuesday, 1st July.