The Singapore Dollar is roaring higher. 

After more than a decade of basing, the SGD/USD is finally punching through a key breakout level—the 61.8% retracement of its 2011–2020 decline.

This isn’t just another FX pair catching a bid. Singapore is one of the most critical currencies in global trade. The city-state controls the Strait of Malacca—a vital artery for global shipping. 

When the Singapore Dollar is strong, it's usually saying something about global trade flows, risk appetite, and Asia's relative strength on a global stage.

Singapore, plainly put, is the financial hub of Southeast Asia.

So it makes sense to see it break out as we continue to see rotation into EM, and Asia in particular– as well as weakness in the US Dollar.

Zooming out, this is a textbook rounding bottom. The long base. The range-bound price action. The upside resolution. This is classic trend reversal stuff.

And it’s not just the currency flashing a regime change.

Here are Singaporean equities overlaid with SGD:

EWS, the...

From the Desk of Steve Strazza @Sstrazza and Ricardo Sarraf @nullcharts

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via...

We’ve been pounding the table on the rotation taking place across Asian equity markets. Vietnam, Taiwan, Thailand, China—you name it. 

The message is clear: the tide is turning and participation is broadening across Asia. 

It’s no longer just Japan. Everything else is starting to work.

One of the key forces driving this rotation is a weak US Dollar. When the dollar stumbles, emerging market currencies catch a bid—and local equities tend to follow. 

Here’s the latest in the mix, the Korean Won:

Like many Asian currencies, the Won spent over two years grinding lower in a steady downtrend. Earlier this year, it undercut key support. But instead of breaking down, it snapped back violently. 

It’s a...