SGX Nifty Premarket

FOREX Dollar index and Euro holds stable while USDJPY has risen and EURJPY needs to rise above 178 to prevent further decline towards 177/176.  EURINR looks bearish towards 105 while below 107. USDCNY needs a break below 6.69 to decline further towards 6.68. USDINR can attempt to test 94.75/50 with some chances of a sharp bounce Read More

FOREX Dollar index rose sharply on higher CPI release but has given up all its gains to fall back sharply to 102, taking the major currencies higher like Euro which can soon fall back below 1.12.The decline came in along with the dip in the US yields and easing of oil prices. USDJPY and EURJPY have Read More

FOREX Dollar index has eased along with a dip in the bond yields but could have scope for further rise in the medium term. This has led to modest gains in other currencies against the US Dollar. Euro has risen from levels seen yesterday but could be short lived as a decline towards 1.11 is still Read More

FOREX The rising Dollar index continues to remain bearish for the Euro targeting 1.11 while USDJPY can see a slow rise towards 159 or higher and EURJPY can test 176 before a rebound is seen. EURINR has fallen sharply on sharp decline in USDINR yesterday could trade below 107, opening chances of a dip to 106. Read More

FOREX The Dollar index and Euro remains ranged while the USDJPY can rise slowly towards 159 and EURJPY can test 178. EURINR could have limited downside and could soon bounce back in the coming sessions, while USDCNY could trade sideways for sometime while above 6.69. USDINR is likely to open with a gap down today Read More

FOREX Surge in crude prices yesterday led to a sharp rise in yields, leading to a stronger US Dollar, but crude prices have dipped today, giving a relief correction on the Dollar Index, thus giving the other currencies some scope for appreciation against the US Dollar. Euro holds above 1.12, while USDJPY and EURJPY can Read More

FOREX Surge in crude prices yesterday led to a sharp rise in yields, leading to a stronger US Dollar, but crude prices have dipped today, giving a relief correction on the Dollar Index, thus giving the other currencies some scope for appreciation against the US Dollar. Euro holds above 1.12, while USDJPY and EURJPY can Read More

FOREX Currencies have moved contrary to our near term expectations, reversing the immediate trends seen yesterday. The Dollar index rose back above 102 much faster than expected while Euro tested 1.1164 before bouncing back to current levels. A sustained break below 1.12 can be strongly bearish. USDJPY has dipped back into the 156-159 zone while Read More

FOREX The Dollar index has seen a pull back but could be limited to 101.50-101 before again resuming the upmove while Euro is bearish below 1.13 and can see trade between 1.13-1.12 in the near term before eventually breaking lower. USDJPY can see a slow rise to 159-160 while EURJPY can test 180/181. EURINR could Read More

FOREX The Dollar index looks bullish for the near term while the Euro is bearish below 1.13. USDJPY can rise slowly towards 159 while EURJPY looks weak. EURINR could have limited downside and could soon bounce back in the coming sessions, while USDCNY is closed today. USDINR has scope to test 96.00-95.80 while below 96.35/50. Read More