FOREX US Philifed Index came out stronger than market expectations, taking Dollar Index above 104. Euro on the other hand slipped sharply below 1.09. USDJPY and EURJPY have recovered well above their respective supports of 157-156 and 171/170.50 but still needs to see a strong rise past current levels to turn bullish in the coming Read More
Author: SGX Nifty
FOREX US Philifed Index came out stronger than market expectations, taking Dollar Index above 104. Euro on the other hand slipped sharply below 1.09. USDJPY and EURJPY have recovered well above their respective supports of 157-156 and 171/170.50 but still needs to see a strong rise past current levels to turn bullish in the coming Read More
FOREX Dollar Index continued to decline further amid the higher speculations among the markets for a US rate hike in September and a possible intervention by BOJ yesterday to protect the Yen. Further if the fall continues a test of 103-102 could be seen in the Dollar Index. Euro on the other hand is headed Read More
FOREX Powell yesterday commented that the central bank may not wait too long for a rate cut which sent the Dollar Index down, but markets recovered overnight. Dollar Index can bounce higher while above 104, the Euro on the other hand can move within the earlier range of 1.09-1.07. USDJPY and EURJPY are holding well Read More
FOREX Powell yesterday commented that the central bank may not wait too long for a rate cut which sent the Dollar Index down, but markets recovered overnight. Dollar Index can bounce higher while above 104, the Euro on the other hand can move within the earlier range of 1.09-1.07. USDJPY and EURJPY are holding well Read More
FOREX Lower US CPI and possible BoJ intervention last week kept Dollar Index low against major currencies, testing 104.04 on the downside while Aussie, Pound, Euro, Yuan all strengthened to test crucial levels of 0.68, 1.30, 1.09 and 7.2480 from where they have recovered a bit today. If the Dollar Index bounces higher while above Read More
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 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