FOREX All the major currencies have gained against Dollar after the weaker US NFP and higher US Unemployment on Friday. Euro has risen significantly past 1.09 and is headed towards the immediate resistance at 1.0950. USDJPY and EURJPY can soon test our mentioned targets of 145-42 and 158. USDCNY has slipped sharply below 7.20 and Read More
News
FOREX BOE cut rates by 25bps to 5% taking Pound sharply down to 1.2726. It can extend its fall to 1.27/26 before halting. Dollar Index has bounced from 103.80 while Euro can head towards 1.0750/07. US NFP and Unemployment data is crucial to watch today. USDJPY and EURJPY have risen slightly but overall trend remains Read More
FOREX BOE cut rates by 25bps to 5% taking Pound sharply down to 1.2726. It can extend its fall to 1.27/26 before halting. Dollar Index has bounced from 103.80 while Euro can head towards 1.0750/07. US NFP and Unemployment data is crucial to watch today. USDJPY and EURJPY have risen slightly but overall trend remains Read More
FOREX The FED kept the rates unchanged in their Policy meeting yesterday while the BOJ went ahead with a 15-bps rate hike to 0.25%, leading to a volatile FX market as anticipated. Dollar Index slipped to 103.86 and if does not rise back above 104 immediately, can target 103 in the near term while Euro Read More
FOREX Dollar Index holds above 104 while Euro needs to sustain above 1.08, else can trigger a fall towards 1.0750-1.0700. USDJPY and EURJPY have slipped sharply to their respective supports around 152 and 164 respectively ahead of the BOJ policy meeting today. USDCNY has slipped below the support of 7.25 and if it does not Read More
FOREX Dollar Index strengthened yesterday and needs to sustain above 104.50 to rise towards 105. Euro on the other hand has come down towards 1.08. A break below 1.08, can trigger a fall towards 1.0750-1.0700. While the pairs USDCNY, USDJPY and EURJPY sustain above 7.25, 152 and 164 respectively, the outlook continues to remain bullish Read More
FOREX Dollar Index may remain above 104 to target 105 while EURUSD has interim resistance at 1.0870/80, below which the pair can possibly test 1.08 soon. The pairs USDCNY, USDJPY and EURJPY have recovered well from the lows of 7.2193, 151.93, and 164.83 and the outlook appears bullish in the near term while the respective Read More
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
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
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