FOREX Weaker than expected US PPI ramped up the expectations that rate cuts by FED can happen soon. The Dollar Index tested 97.60 before rising a bit from there. A further rise past 99 will confirm that the downtrend has ended and a fresh rally can begin. On the other hand, Euro tested the resistance Read More
SGX Nifty Premarket
FOREX Trump said he would be willing to extend the July 8 deadline for completing trade talks with countries before higher tariffs are imposed.The Dollar Index, Euro and the EURINR can meet our targets of 98-96, 1.16 and 99-100 respectively in the near term. EURJPY turned lower from 166.42 and failure to see a rise Read More
FOREX The Dollar Index continues to remain stable within the 98.35-99.50 region. A better clarity could be expected after the US CPI data release scheduled today. The targets of 98-96 are kept open for now. We retain our bullish view on the Euro and EURINR towards 1.15–1.16 and 99–100 while both pairs trade above 1.1400-1.1350 Read More
FOREX The Dollar Index is narrowing within the 98.35-99.50 region. The targets of 98-96 are kept open for now. The Euro, on the other hand, has immediate support just below current levels. For now, we retain our view of a possible rise towards 1.15–1.16 in the near term. EURINR has eased slightly after testing 98, Read More
FOREX Dollar Index and Euro can target 98-96 and 1.15-1.16 respectively. EURINR, above 97/96 looks bullish towards 99-100 levels. EURJPY is likely to hold the range of 165-160 region. USDJPY below 145, can fall back towards 142 or even 140 before halting. AUDUSD is nearing the upper end of its 0.6400/635-0.6500 range, Pound on the Read More
FOREX The ECB as widely expected lowered the refinancing rate by 25 bps, bringing it down to 2.15%. Dollar Index and Euro can target 98-96 and 1.15-1.16 respectively in the near term. EURINR, above 97/96 looks bullish towards 99-100 levels. EURJPY is trading higher within the 160-165 region. USDJPY below 145, can fall back towards Read More
FOREX The ECB as widely expected lowered the refinancing rate by 25 bps, bringing it down to 2.15%. Dollar Index and Euro can target 98-96 and 1.15-1.16 respectively in the near term. EURINR, above 97/96 looks bullish towards 99-100 levels. EURJPY is trading higher within the 160-165 region. USDJPY below 145, can fall back towards Read More
FOREX The Dollar Index is trading below 99 and the targets of 98-96 are kept open for now. The Euro above 1.14 can ascend towards 1.15/16. Similarly, EURINR if sustains above current levels, can extend the ongoing rise to 99-100 levels. EURJPY continues to trade within the 165-160 region. USDJPY has declined as anticipated and Read More
FOREX The Dollar Index while trades below 100-101, can be vulnerable to fall towards 98-96. The Euro and EURINR, while trades above 1.13 and 97 respectively, can ascend towards 1.15-1.16 and 98-99 levels. EURJPY continues to trade within the 160-165 region. USDJPY has risen a bit but faces immediate resistance at 144.50-145.00 below which a Read More
FOREX The Dollar Index is coming off as anticipated and can head towards the target of 98-96. The Euro and EURINR have risen past 1.14 and 97.50 respectively and if sustained can ascend towards 1.15-1.16 and 98-99 levels. EURJPY continues to trade within the 160-165 region. USDJPY has been coming off and while below 145, Read More