SGX Nifty Premarket

FOREX The lower US ADP Employment release at 99k led the Dollar Index to extend its fall below 101 before slightly recovering from there. US NFP and Unemployment release today would be important to watch as to see whether the Index sustains above 101 or not. Euro on the other hand has risen past 1.11 Read More

FOREX The weaker Jolts Jobs opening data release took the Dollar Index below 101.50 and if sustained below 101 can drag it towards 100.50-99.50. Meanwhile, the Euro is trading higher within 1.10-1.11 region. USDJPY and EURJPY have fallen sharply below 145 and 160 respectively and failure to rise back can make the outlook further bearish Read More

FOREX The Dollar Index trades lower after a weaker-than-expected US ISM was released yesterday. While the Dollar Index trades within 101-102, the Euro can trade within 1.10-1.11. USDJPY and EURJPY have fallen sharply after comments from the BOJ Governor that they may continue to raise rates if needed. Aussie and Pound have declined and may Read More

FOREX The Dollar Index needs a decisive break past 102 to make the outlook bullish in the near term. Euro has recovered well from the low of 1.1041. Need to see whether the rise gets extended further past 1.11 or if it falls back below 1.10. USDJPY looks bullish towards 148-150, while EURJPY can remain Read More

FOREX The Dollar Index is trading near the immediate resistance around current levels, a break past which will be needed to head towards 102.50-103 in the near term. Euro can soon test 1.10 on the downside. USDJPY has risen past 145 and needs to sustain above current levels to rise further towards 148-150, while EURJPY Read More

FOREX The Dollar Index surged after the Q2 US GDP came out stronger at 2.92%. A strong break past 101.50/75 will be needed to head towards 102.50 in the near term. Euro has broken below 1.11 and can extend its fall towards 1.10. USDJPY can fall back towards 142-140 in the near term, while EURJPY Read More

FOREX The Dollar Index surged after the Q2 US GDP came out stronger at 2.92%. A strong break past 101.50/75 will be needed to head towards 102.50 in the near term. Euro has broken below 1.11 and can extend its fall towards 1.10. USDJPY can fall back towards 142-140 in the near term, while EURJPY Read More

FOREX The Dollar Index has recovered well from the support around 100.50. Watch US GDP data release scheduled today. Euro is declining as expected and can soon test 1.11. USDJPY can fall back towards 142-140 in the near term below 145, while EURJPY can remain ranged within 160-164 for a while. The pound is holding Read More

FOREX The Dollar Index did not see much reaction despite the release of stronger US Consumer Confidence and Case Chiller data. Immediate support is at 100.5 which needs to hold to produce a bounce back towards 101-101.50. Euro can fall back towards 1.1150-1.11 in the near term while below 1.12. USDJPY needs to rise past Read More

FOREX The Dollar Index has risen a bit after the US Durable goods came stronger at 9.9%. Now we need to see as to whether the rise extends further to 101.50-101.75 or not. PCE inflation — the Fed’s favored gauge of price growth — is due on Friday. Euro can fall back towards 1.1150-1.11 in Read More