FOREX Most currency pairs remain ranged within the narrow trade region seen over the last few days. Respective supports/resistances are likely to hold and keep the pairs within the near term ranges for some more time. The Dollar Index and Euro trade within 103-104 and 1.0850-1.09/1.0950 respectively. EURJPY could move up while above 161 whereas Read More
SGX Nifty Premarket
FOREX The Dollar Index may hold within 103-104 region for the near term before eventually falling lower by the end of the month. Euro can hold above 1.08/1.0850 and eventually rise towards 1.0950. EURJPY could sustain above 161 but can face rejection from 162-162.50 while USDJPY could be capped at 148/150 on the upside before Read More
FOREX The Dollar Index may hold within 103-104 region for the near term before eventually falling lower by the end of the month. Euro can hold above 1.08/1.0850 and eventually rise towards 1.0950. EURJPY could sustain above 161 but can face rejection from 162-162.50 while USDJPY could be capped at 148/150 on the upside before Read More
FOREX The Dollar Index may hold within 103-104 region for the near term before eventually falling lower by the end of the month. Euro can hold above 1.08/1.0850 and eventually rise towards 1.0950. EURJPY could sustain above 161 but can face rejection from 162-162.50 while USDJPY could be capped at 148/150 on the upside before Read More
FOREX Recovery is seen from yesterday’s movement in most currencies post US Industrial Production and Retail sales data release yesterday that came out higher than market expectations. Dollar Index may hold below 104 in the near term to fall towards 102.50 while Euro can rise to 1.0950 before falling back from there. EURJPY has risen Read More
FOREX Sharp rally in the Dollar Index post comments from the FED Board Governor Christopher Waller that the US is within “striking distance” of the 2% inflation target and that the FED should not rush towards rate cuts until it is clear that lower inflation would sustain. Markets are now pricing a 66.9% chance of Read More
FOREX Dollar Index has risen within 102-103 while Euro has fallen sharply and if breaks below 1.09, could turn further bearish. EURJPY and USDJPY have risen well and could continue to move up for the rest of the week. USDCNY has risen above 7.18 and has scope to target further upside. Aussie and Pound has Read More
FOREX Dollar Index continues to trade within 102-103 while the Euro has fallen from 1.10 and could fall to 1.09-1.0870 again in the near term. EURJPY and USDJPY have declined and look bearish for the near term. USDCNY has slipped and could now be headed towards 7.12 while below 7.18. Aussie may trade within 0.6735-0.6650 Read More
FOREX Dollar Index has fallen despite a release of higher US CPI data which came in at 3.30% for Dec-23 than the previous release of 3.12% for Nov-23. Dollar Index can continue to trade within 102-103 while Euro could rise towards 1.10 or higher while above 1.0870-1.09. EURJPY and USDJPY have declined from levels just Read More
FOREX Dollar Index has fallen despite a release of higher US CPI data which came in at 3.30% for Dec-23 than the previous release of 3.12% for Nov-23. Dollar Index can continue to trade within 102-103 while Euro could rise towards 1.10 or higher while above 1.0870-1.09. EURJPY and USDJPY have declined from levels just Read More