FOREX Dollar weakness continues to drive currency movements today. Dollar Index remains bearish toward 98.50–98.00, supporting upside in EURUSD, Aussie and Pound, while Dollar-Yen may stay capped below 160. EURINR and EURJPY look bullish toward higher targets while USDCNY remains weak heading towards 6.70. USDINR is likely to stay range-bound below 95.75 as higher crude Read More
SGX Nifty Premarket
FOREX Dollar weakness continues to drive currency movements today. Dollar Index remains bearish toward 98.50–98.00, supporting upside in EURUSD, Aussie and Pound, while Dollar-Yen may stay capped below 160. EURINR and EURJPY look bullish toward higher targets while USDCNY remains weak heading towards 6.70. USDINR is likely to stay range-bound below 95.75 as higher crude Read More
FOREX The US Treasury’s liquidity-support buyback announcement triggered a sharp fall in long-term Treasury yields and the Dollar Index, boosting the rally in major currencies. DXY could test 98.50–98.00 before rebounding; EURUSD may rise to 1.17, GBPUSD to 1.37, and EURJPY to 186. USDCNY has plunged to 6.7207 and remains bearish towards 6.70, while EURINR Read More
FOREX Most currencies look stable and lack directional clarity just now as the US-Iran conflict intensifies but fails to induce volatility into forex markets. Crucial resistances and supports need close watch to get some cues in the near term. Dollar Index holds steady below 99.50/100 and needs a break above these levels on the upside Read More
FOREX Escalation in the middle east tensions may continue to impact the forex markets as the US has refused to extend its MOU with Iran. The Dollar Index needs to sustain above 99.50 to prevent a decline to 99-98.50 again and instead rise to 100 and higher in the coming days which could keep Euro Read More
FOREX Softer US data releases last week have weighed on the Dollar Index, taking it lower. A break below 99.40, if seen, can drag it further towards 99 or lower in the medium term. That said, most currencies are looking strong against the US dollar. Euro is headed towards 1.16, while EURJPY looks headed towards Read More
FOREX Softer US PPI yesterday after the softer CPI release earlier has kept the Dollar index subdued. Although the reading is bullish, the required volume to pull the index up seems to be missing. Most other currencies also look stable at levels seen in the previous session. Euro is stable below 1.1550, EURJPY below 184, Read More
FOREX Softer US PPI yesterday after the softer CPI release earlier has kept the Dollar index subdued. Although the reading is bullish, the required volume to pull the index up seems to be missing. Most other currencies also look stable at levels seen in the previous session. Euro is stable below 1.1550, EURJPY below 184, Read More
FOREX The Dollar index has pulled itself up despite the softer CPI release yesterday, indicating near-term bullishness on a break above 100. That said, the Euro, EURJPY, Aussie, and Pound could decline towards 1.15 and lower, 183/182, 0.70/69 and 1.33, respectively, in the near term. USDJPY can aim for 160-161 while above 159. EURINR is Read More
FOREX The Dollar index continues to drag itself along the support trendline on the 3-day charts ahead of the US CPI data release today. Euro is ready for a dip from current levels to fall below 1.15. USDJPY can aim for 160-161 while above 159. EURJPY can slowly rise towards 185-160 region if it breaks Read More
