FOREX Dollar Index tested 104.02 yesterday but has currently recovered back from the low. It still needs to rise past 104.50 to negate a fall below 104. EURUSD has an interim resistance at 1.0870/80, a break past which can take it higher towards 1.09/0950. Yen and Yuan strengthened against Dollar significantly as the pairs USDCNY, Read More
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FOREX Weaker New Home Sales data and strengthening of Yen led Dollar Index to fall and failure to rise past 104.50 can extend the fall further to 104-103.50. EURUSD has support at 1.0810-1.0800 which might be tested before a bounce back can be seen from there. USDJPY and EURJPY are headed down towards 152 and Read More
FOREX Dollar Index may rise towards 105 while EURUSD could fall towards 1.08. USDJPY and EURJPY appears to be bearish towards 152 and 168-166 respectively. USDCNY can soon test 7.28 in the near term before topping out. The Aussie and Pound, if continues to fall further, can test 0.6550-0.6500 and 1.2850/28 on the downside. USDINR Read More
FOREX Dollar Index has to rise past 104.50 to establish near term bullishness or else they could fall back. USDJPY and EURJPY have fallen, failing to break above 158 and 172 and looks likely to fall further from here. USDCNY can soon test 7.28 in the near term before topping out. The Aussie continues to Read More
FOREX Dollar Index, USDJPY and EURJPY have to rise past 104.50, 158 and 172 to establish near term bullishness or else they could fall back. USDCNY can soon test 7.28 in the near term before topping out. Aussie and Pound have declined a bit and any break below current levels, if seen, can take it Read More
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 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