FOREX The Dollar Index and Euro can head towards 106.30-106.50 and 1.0650 respectively. Watch out for the US PCE data release scheduled today for better clarity in the view. Dollar-Yen and EURJPY are headed towards 162 and 173/174 respectively and can see bullishness in the absence of any intervention from the BOJ. Aussie & Pound Read More
June 2024
FOREX The Dollar Index tested 106.13 as the Euro weakened below 1.07 after the ECB council meeting and on remarks of more rate cuts by ECB chief economist. Euro could test 1.0650 or even 1.06 going forward. Dollar-Yen and EURJPY are attempting to rise towards 161/162 and 172 respectively and can see bullishness on the Read More
FOREX The Dollar Index and Euro can remain ranged within 104.70/105-106.30/50 and 1.0750-1.0650 region for a while. The dollar-yen and EURJPY attempt to rise back towards 160 and 172 respectively. Watch price action closely around the current levels. Aussie & Pound continue to trade within 0.6580-0.6720 and 1.26-1.28 region. USDCNY is bullish towards 7.28 while Read More
FOREX The dollar weakened on Euro and Yen strength yesterday after dovish comments from Chicago Fed President Goolsbee asking FED to be watchful on the tight-monetary policy. The downside could be limited to 105-104.70 for the Dollar Index while the Euro can rise towards 1.0750. Dollar-Yen tested 159.92 yesterday but dipped back amid verbal intervention Read More
FOREX After the higher-than-expected US Existing Home Sales data release, Dollar Index rose sharply to test 105.915 on the upside. EURUSD on the other hand is declining as expected and can test 1.0650 on the downside. Dollar-Yen and EURJPY are nearing our expected targets of 160 and 171 respectively. Watch price action closely around current Read More
FOREX Despite some negative US data releases Dollar Index continues to remain strong and surged past 105.50 as the SNB went ahead with the rate cut of 25bps and BOE kept the rates unchanged at 5.25%. EURUSD on the other hand is trading lower within its range of 1.0650-1.0750. Dollar-Yen and EURJPY have risen above Read More
FOREX Despite some negative US data releases Dollar Index continues to remain strong and surged past 105.50 as the SNB went ahead with the rate cut of 25bps and BOE kept the rates unchanged at 5.25%. EURUSD on the other hand is trading lower within its range of 1.0650-1.0750. Dollar-Yen and EURJPY have risen above Read More
FOREX The Dollar Index remained stable above 105, while EURUSD is nearing the upper end of its range of 1.0650-1.0750. Dollar-Yen and EURJPY needs to necessarily break above the resistance near 158-158.50 and 170-170.50 to turn further bullish for the medium term; else a fall back could be seen. Aussie & Pound are ranged within Read More
FOREX The Dollar Index continues to trade above 105 and looks bullish towards 106+ while EURUSD can trade within 1.0750-1.0650 for now. Dollar-Yen and EURJPY continue to trade below crucial resistances near 158 and 170 which needs to necessarily break to turn further bullish for the medium term; else a sharp decline from current levels Read More
FOREX The Dollar Index, EURUSD, Dollar-Yen, EURJPY, Aussie & Pound are ranged within 104-105.50, 1.0750-1.0650, 156-158,168-170, 0.6570-0.6720 and 1.26-1.28 respectively. Only a decisive break on either side of these respective ranges can give further directional clarity in the near term, until then; the respective ranges are likely to hold for some time. USDCNY looks bullish Read More