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FOREX Despite some negative US data releases Dollar Index continues to remain strong and surged past 105.50 as the SNB went ahead with the rate cut of 25bps and BOE kept the rates unchanged at 5.25%. EURUSD on the other hand is trading lower within its range of 1.0650-1.0750. Dollar-Yen and EURJPY have risen above Read More

FOREX The Dollar Index remained stable above 105, while EURUSD is nearing the upper end of its range of 1.0650-1.0750. Dollar-Yen and EURJPY needs to necessarily break above the resistance near 158-158.50 and 170-170.50 to turn further bullish for the medium term; else a fall back could be seen. Aussie & Pound are ranged within Read More

FOREX The Dollar Index continues to trade above 105 and looks bullish towards 106+ while EURUSD can trade within 1.0750-1.0650 for now. Dollar-Yen and EURJPY continue to trade below crucial resistances near 158 and 170 which needs to necessarily break to turn further bullish for the medium term; else a sharp decline from current levels Read More

FOREX The Dollar Index, EURUSD, Dollar-Yen, EURJPY, Aussie & Pound are ranged within 104-105.50, 1.0750-1.0650, 156-158,168-170, 0.6570-0.6720 and 1.26-1.28 respectively. Only a decisive break on either side of these respective ranges can give further directional clarity in the near term, until then; the respective ranges are likely to hold for some time. USDCNY looks bullish Read More

FOREX The Dollar Index has surged past 105 despite the softer PPI data released yesterday. Dollar Index could trade within 104-105.50 and Euro if sustained above 1.07, then it can trade within 1.07-1.09; else it can get further dragged towards 1.065 before bottoming out. Aussie and Pound can remain ranged within 0.6580-0.6720 and 1.28-1.26 respectively. Read More

FOREX The Dollar Index has surged past 105 despite the softer PPI data released yesterday. Dollar Index could trade within 104-105.50 and Euro if sustained above 1.07, then it can trade within 1.07-1.09; else it can get further dragged towards 1.065 before bottoming out. Aussie and Pound can remain ranged within 0.6580-0.6720 and 1.28-1.26 respectively. Read More

FOREX The Dollar Index has surged past 105 despite the softer PPI data released yesterday. Dollar Index could trade within 104-105.50 and Euro if sustained above 1.07, then it can trade within 1.07-1.09; else it can get further dragged towards 1.065 before bottoming out. Aussie and Pound can remain ranged within 0.6580-0.6720 and 1.28-1.26 respectively. Read More

FOREX Volatility was seen in the Dollar Index yesterday after lower US CPI was released and FED meeting where the rates were kept unchanged but signaled one rate cut in 2024 revising from earlier estimate of 3-rate cuts in the year. Dollar Index and Euro could trade within 104-105.50 and 1.07-1.09 respectively while Aussie and Read More

FOREX The Dollar Index sustains above 105 while Euro faces downside pressure due to political uncertainty in the Eurozone and could fall to 1.0675-1.0650 on a confirmed break below 1.0720. Aussie and Pound are headed up towards the upper end of the 0.6580-0.6720 and 1.28-1.26 ranges respectively. EURJPY is holding the range of 168-170 while Read More