FOREX The Dollar Index could fall towards 103.50-103 if it manages to sustain break below 104 leading to a sharp rise in Euro towards 1.0850-1.09. EURJPY and USDJPY are expected to move towards 164 and 151 respectively before pausing. USDCNY had dipped slightly below its immediate range of 7.20-7.18 but has now risen back. Aussie Read More
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FOREX Most currencies look strong on a weak US Dollar. The Dollar Index fell ahead of the FED Jan24 meeting minutes to be released today. Although the immediate range of 104-105 is holding for now, chances of heading towards 103 also look high in the medium term. Euro could trade within 1.0850-1.07 and can be Read More
FOREX The Dollar Index is headed towards the upper end of its range of 104-105 while Euro has held below 1.08 and is coming down within the 1.08-1.07 range. EURJPY is holding well below its resistance of 162 and could see a near term fall to 161 soon. While USDJPY is moving towards the upper Read More
FOREX The Dollar Index could move within the range of 105-104 for some time before eventually breaking lower. Meanwhile, Euro is rising well but needs to break past 1.08 to further test 1.085 on the upside. EURJPY is hovering below its resistance of 162 and USDJPY continues to move within the range of 151-149. USDCNY Read More
FOREX Most currencies remain within a range and continue so for the next few sessions. The Dollar Index can trade within 105-104 region while Euro could trade within 1.07-1.08/1.0850. EURJPY and USDJPY look bullish to 162 and 151 respectively from where a rejection is possible in the medium term. Aussie can trade within 0.6550-0.64 while Read More
FOREX Most currencies remain within a range and continue so for the next few sessions. The Dollar Index can trade within 105-104 region while Euro could trade within 1.07-1.08/1.0850. EURJPY and USDJPY look bullish to 162 and 151 respectively from where a rejection is possible in the medium term. Aussie can trade within 0.6550-0.64 while Read More
FOREX The Dollar Index tested 105 as expected and could now be bearish towards 104 in the near term. Meanwhile, Euro had dipped slightly below our expected level of 1.07 before rising back. EURJPY and USDJPY can fall while below the resistance at 162 and 151-152 respectively. Aussie has risen well on testing its support Read More
FOREX The Dollar Index rose sharply to head towards resistance at 105 post US CPI release of 3.11% (Y/Y), lower than the revised Dec-23 figure of 3.32%. Meanwhile, Euro could soon test support at 1.07 before rising back. EURJPY and USDJPY look bullish to 162 and 151-152 respectively if the current rise must sustain. Aussie Read More
FOREX The Dollar Index is moving towards the upper end of its range of 103.90-104.60 but is bearish while below 105. Meanwhile, Euro has broken below its support near 1.077 and could be bearish to 1.07 now. EURJPY could witness a fall to 160-159, while it trades below 161. USDJPY looks a bit indecisive for Read More
FOREX The Dollar Index is moving within the range of 104.60-103.90 but there could be scope for a test of 103.50. Meanwhile Euro is trading near the upper end of its 1.0750-1.08 range and could have scope to test 1.0850. EURJPY trades above 161 and can test 162 before pausing while USDJPY needs to sustain Read More