July 2024

FOREX The lower US CPI release led to Dollar weakness while most currencies have strengthened against the Dollar overnight but have managed to recover slightly. Now it must be seen if the impact of lower CPI will continue to keep the Dollar lower over the coming days and continue strength in currencies or if they Read More

FOREX Market experts consider Powell’s speech as close to dovish and are leaning towards a possible rate cut by FED in September but the US CPI release today would be crucial to watch. A lower CPI release would increase market expectations of a September rate cut. The Dollar Index has dipped ahead of the US Read More

FOREX The Dollar Index has risen a bit as the Euro dipped a bit on concerns of the current Hung parliament and political tensions. Overall, both are holding well within the range of 104.50-106.50 and 1.07-1.0850/09 respectively. Powell kept a cautious stance in his senate testimony, not impacting the markets much. Dollar-Yen and EURJPY are Read More

FOREX The Dollar Index remained stable but could see some volatility today ahead of the semi-annual monetary policy meet. Euro is holding well within the range of 1.07-1.0850/09. Dollar-Yen and EURJPY have risen well and if sustained, can head towards 162 and 175 respectively. Aussie & Pound needs to see a strong break past 0.6750 Read More

FOREX Lower US NFP data on Friday led to Dollar weakness below 105 and Euro strength above 1.08. However, both could limit its near-term move to 104.50 and 1.0850/09 respectively. Dollar-Yen and EURJPY have dipped as expected but could soon bounce back from 160 and 173. Aussie & Pound have risen well and could test Read More

FOREX The increased expectations of rate cut in Sep-24 led Dollar Index to decline and Euro to strengthen. Dollar index can continue to trade within 106.50-105/104.50 with bearish view. Euro can rise towards 1.0850/1.0900 in the near term. Dollar-Yen and EURJPY have fallen. Both have key resistance overhead which may hold and lead to a Read More

FOREX The increased expectations of rate cut in Sep-24 led Dollar Index to decline and Euro to strengthen. Dollar index can continue to trade within 106.50-105/104.50 with bearish view. Euro can rise towards 1.0850/1.0900 in the near term. Dollar-Yen and EURJPY have fallen. Both have key resistance overhead which may hold and lead to a Read More

FOREX The Dollar Index and Euro can continue to trade within 106.50-105/104.50 and 1.0650-1.0750/08 respectively while Dollar-Yen tested 161.95 on the upside before cooling a bit. EURJPY has exceeded our target of 174. Aussie & Pound have risen well but continue to remain sideways within the range of 0.6580-0.6720 and 1.26-1.28 respectively. USDCNY is nearing Read More

FOREX The Dollar Index and Euro can trade within 106.50-105/104 and 1.0650-1.0750/08 respectively while Dollar-Yen and EURJPY are bullish towards 162 and 173/174. Aussie & Pound have risen well but remain within the sideways range of 0.6580-0.6720 and 1.26-1.28 respectively. USDCNY is nearing our target of 7.28 from where an initial dip looks possible. EURINR Read More

FOREX The lower US ISM manufacturing data release led the Dollar index to decline and the Euro to strengthen a bit but the movement was short-lived. The Dollar Index and Euro can trade within the range of 106.50-105/104 and 1.0650-1.0750/08 respectively for some time. Dollar-Yen and EURJPY can soon test upper targets of 162 and Read More