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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

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