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
July 2024
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
FOREX The first round of French Election results led the Euro to rise past 1.07 and the Dollar Index to slip below 106. 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 continue to trade sideways within 0.6580-0.6720 Read More
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