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GBP/SGD:FUNDAMENTAL ANALYSIS + HARMONIC GARTLEY SETUP LONG...

The Singapore Trade Balance for August was reported at 6.253B. Forex traders can compare this to the Singapore Balance for July, reported at 3.970B. Non-Oil Exports for August decreased 3.6% monthly and increased 2.7% annualized. Economists predicted an increase of 2.4% and 8.3%. Forex traders can compare this to Non-Oil Exports for July, which decreased 0.9% monthly and increased 12.7% annualized.

UK Retail Sales for August are predicted to increase 0.5% monthly and 2.7% annualized. Forex traders can compare this to UK Retail Sales for July, which decreased 2.5% monthly and increased 2.4% annualized. UK Core Retail Sales for August are predicted to increase 0.8% monthly 2.5% annualized. Forex traders can compare this to UK Core Retail Sales for July, which decreased 2.4% monthly and increased 1.8% annualized.

The forecast for the GBP/SGD remains bullish after price action recovered off its lows.

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