FOREX The Higher US NFP and lower US Unemployment data on Friday led to significant strength in the Dollar. As a result, the Dollar Index rose to the high of 109.966 and has a scope to test 111 on the upside before getting topped out. The Euro on the other hand slipped below 1.03 and Read More
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FOREX The Higher US NFP and lower US Unemployment data on Friday led to significant strength in the Dollar. As a result, the Dollar Index rose to the high of 109.966 and has a scope to test 111 on the upside before getting topped out. The Euro on the other hand slipped below 1.03 and Read More
FOREX The Dollar Index remains bullish towards 110-111 in the near term, while Euro on a confirmed break below 1.03 can drag the pair to 1.02 or even 1.00 in the medium term. EURINR and AUDUSD need to see a decisive break on either side of their respective ranges of 90-88 and 0.63-0.62 for further Read More
FOREX The Dollar Index remains bullish towards 110-111 in the near term, while Euro on a confirmed break below 1.03 can drag the pair to 1.02 or even 1.00 in the medium term. EURINR and AUDUSD need to see a decisive break on either side of their respective ranges of 90-88 and 0.63-0.62 for further Read More
FOREX The Dollar Index is rising as expected and overall our view remains bullish towards 110-111 in the near term. Euro has upside capped at 1.0450 and a confirmed break below 1.03 can drag the pair to 1.02 or even 1.00 in the medium term. EURINR and AUDUSD need to see a decisive break on Read More
FOREX The Dollar Index is holding well above the immediate support around 107.75-108.00, above which targets of 110-111 remains intact in the near term. Euro is coming off as expected and a fall to 1.03 or even lower can be witnessed, while below 1.05. EURINR and AUDUSD continues to remain volatile within the 90-88 and Read More
FOREX The major currencies witnessed sharp movements yesterday due to a significant rise in the Euro post stronger PMI release. The Dollar Index slipped to the low of 107.75 but has risen past 108 again. While above 108, targets of 110-111 remains intact in the near term. Euro has an upside capped at 1.0450 for Read More
FOREX The Dollar Index can test the resistance coming around 110-111 region in the near term while above 108.00-108.50. Euro could face rejection from 1.0350-1.0400 region. EURINR and USDJPY can trade sideways between 88-89/90 and 156-158 respectively for the near term. Pound and EURJPY have risen past 1.24 and 162 again. EURJPY can head towards Read More
FOREX The Dollar Index tested 109.50 as expected and now if the rise continues further, can test the resistance coming around 110-111 region in the near term. Meanwhile Euro has slipped below 1.03 on weaker PMI and Dovish ECB outlook. If the fall extends, pair could be vulnerable to test 1.01-1.00 on the downside. EURINR Read More
FOREX The Dollar Index tested 109.50 as expected and now if the rise continues further, can test the resistance coming around 110-111 region in the near term. Meanwhile Euro has slipped below 1.03 on weaker PMI and Dovish ECB outlook. If the fall extends, pair could be vulnerable to test 1.01-1.00 on the downside. EURINR Read More