February 2024

FOREX The Dollar Index could test the lower end of the 104.50-103.50 range while Euro may rise to 1.08-1.0850 from where a dip can be possible by early next week. EURJPY reversed on testing 158.92 itself and could further rise to 160.40 in the coming sessions. USDJPY needs to break past 149 to negate our Read More

FOREX The Dollar Index tested 104.5 before coming down. View is bearish to 104-103.5 in the near term, which corresponds to Euro holding well above the support near 1.07 and rising towards 1.08-1.085. EURJPY and USDJPY now look bearish to 158 and 147.5-146 respectively in the near term. USDCNY failed to rise past 7.20 and Read More

FOREX The Dollar Index is nearing its crucial resistance of 105 which corresponds to support near 1.07 on the Euro. Both are likely to hold the mentioned levels. While EURJPY is now bearish to 158, USDJPY needs to break past 149 to test 150 on the upside, else a fall towards 146 seems likely. USDCNY Read More

FOREX Dollar strengthened on Friday post US NFP data which came out much higher against a dip expected by the markets. Major currencies have correspondingly fallen against the Dollar. The Dollar Index is at crucial levels and needs to break past 104 to test 105 else can dip back within the 104-103 range. Accordingly, the Read More

FOREX Dollar Index has fallen sharply and looks on the edge of breaking below 103 ahead of the US NFP and Unemployment data releases due today. We would wait to see price action near 102.50 which is a crucial weekly support to decide on further direction from here and would turn bearish only on a Read More

FOREX Dollar Index has fallen sharply and looks on the edge of breaking below 103 ahead of the US NFP and Unemployment data releases due today. We would wait to see price action near 102.50 which is a crucial weekly support to decide on further direction from here and would turn bearish only on a Read More

FOREX The FOMC held interest rates steady and kept the target range for the federal-funds rate at 5.25-5.50%. The markets have been expecting a rate cut as early as March-24 but the FED statement overnight has indicated no hurry to cut rates and seemed slightly hawkish, stating that “the Committee does not expect it will Read More