FOREX With crude prices falling sharply by around $ 10/barrel, there can be some easing in the currency markets as the Dollar Index holds stable around 101. While the index may trade within 101.50-100.70 region for a while, Euro may attempt a slow rise towards 1.1450-1.15 while above 1.1370/1.14. USDJPY can dip to 162.70 before Read More
SGX Nifty Premarket
FOREX The Dollar Index holds strong above 101 while the Euro has dipped below 1.14, moving as per its intrinsic near-term trend. Euro can soon target 1.1350-1.13. The ECB kept rates unchanged yesterday but has high scope for a rate hike in September. USDJPY continues to rally, targeting 164.50-165 while Aussie and Pound have declined Read More
FOREX The Dollar Index holds strong above 101 while the Euro has dipped below 1.14, moving as per its intrinsic near-term trend. Euro can soon target 1.1350-1.13. The ECB kept rates unchanged yesterday but has high scope for a rate hike in September. USDJPY continues to rally, targeting 164.50-165 while Aussie and Pound have declined Read More
FOREX The Dollar Index seems to be reacting less to rising crude and has chosen to remain stable around 101, which has led to strength in the Euro above 1.14. Yen to 162.66, Aussie above 0.70, and EURJPY above 186. However, we may expect the Dollar Index to test 100.70 before bouncing back towards 102 Read More
FOREX USDJPY has broken above 162.85 to trade at all time highs since 1986. It can target 164.50-165 if the rise sustains, pulling EURJPY towards 187/188 on a break above 186. However, markets remain cautious for any intervention from the BOJ to reduce the pace of currency weakness. Dollar Index has broken above 101 and Read More
FOREX The Dollar Index is testing 101; a break can lift it to 101.50-102, while failure may pull it back to 100.50. Safe-haven demand from US-Iran tensions and oil-linked inflation risk keeps the dollar supported, with the ECB meeting a key watch for EUR crosses this week. EURUSD may bounce from 1.14 while USDJPY needs Read More
FOREX Risks of an escalating US-Iran conflict pose some threat for the Dollar Index to hold on to 101 and start rising higher in the near term in which case the other major currencies may weaken against the Dollar. Euro may come off towards 1.1350, USDJPY could break above 162.85 to head towards 163/165 target Read More
FOREX Dollar Index is recovering towards 101, pressuring EURUSD towards 1.14/1.1370. EURINR holds below 111, while USDJPY stays bullish above 161.50 to target 163/165. EURJPY needs a break past interim resistance at 186.32 to rise towards 188 while USDCNY needs to hold above 6.77 for 6.78-6.7850. Aussie and Pound look weak while below 0.70 and Read More
FOREX Dollar Index is recovering towards 101, pressuring EURUSD towards 1.14/1.1370. EURINR holds below 111, while USDJPY stays bullish above 161.50 to target 163/165. EURJPY needs a break past interim resistance at 186.32 to rise towards 188 while USDCNY needs to hold above 6.77 for 6.78-6.7850. Aussie and Pound look weak while below 0.70 and Read More
FOREX The Dollar Index fell after the softer US PPI but has bounced back and may hold above 100.30/100.00 before rising towards 101 or higher. EURUSD may dip back towards 1.14, while EURINR, if below 111, can fall to 109.50-109. Dollar-Yen may remain range-bound, and EURJPY needs to hold below 186 to fall towards 185/184. Read More