FOREX Possible intervention again by the BOJ has led the USDJPY to plunge leading to a dip in the Dollar Index as well ahead of the NFP data release today. Euro and EURINR head towards 1.17 and 110-110.50 respectively while EURJPY has also plunged below 182 and looks bearish for a test of 180. Aussie Read More
SGX Nifty Premarket
FOREX Dollar Index fell along with the decline in USDJPY on possible intervention from the Bank of Japan. This has led to a short rally in major currencies against the US Dollar. Euro could trade within 1.1550-1.1650 in the near term while Aussie could rise towards 0.73. EURINR has declined as expected and could test 109 Read More
FOREX Dollar Index has risen slightly but can be bearish while below 100 while Euro could trade within 1.1550-1.1650 in the near term. Aussie and Pound could rise above 0.72 and 1.36 respectively while EURINR looks bearish for a dip to 109.50-109. Indian Rupee strengthened as RBI sold dollars and increased the short dollar position Read More
FOREX Most currencies are looking bullish against the US Dollar. Euro has moved above 1.16, Aussie and Pound could rise above 0.72 and 1.36 respectively while EURINR, Indian Rupee, Chinese Yuan can strengthen towards 111, 95.00 and 6.70 soon. USDJPY and EURJPY can rise in the near term towards 160 and 186 respectively. Dollar Index Read More
FOREX Overall, major currency pairs are expected to trade mostly sideways with a few bearish Dollar signals emerging. The Dollar Index may remain confined near 100-99, after rising to 99.726 initially on comments from Warsh of a hike in interest rates if inflation does not cool off while EURUSD, USDJPY, EURINR, EURJPY, Aussie, Pound, USDCNY, Read More
FOREX Most currencies look range-bound. The Dollar Index may test 99.40, holding above 99, while EURUSD and Dollar-Yen appear steady within 1.1680-1.1640 and 160-159. USDCNY has broken below 6.72 and could now be headed towards 6.70 soon. EURINR and EURJPY remain near key resistance levels, while Aussie needs a sustained break above 0.72 to target Read More
FOREX Most currencies look range-bound. The Dollar Index may test 99.40, holding above 99, while EURUSD and Dollar-Yen appear steady within 1.1680-1.1640 and 160-159. USDCNY has broken below 6.72 and could now be headed towards 6.70 soon. EURINR and EURJPY remain near key resistance levels, while Aussie needs a sustained break above 0.72 to target Read More
FOREX The near-term currency outlook is mixed but dollar-sensitive: the Dollar Index looks headed towards 99.40, EURUSD remains capped below 1.17, and Dollar-Yen may stay in the 159–160 range with downside risk below 159. EURINR and EURJPY look soft in the immediate term, while USDCNY could fall toward 6.70 on a break below 6.72. Aussie Read More
FOREX The Dollar Index has fallen below 99 and remains bearish below 99.40, with downside risk toward 98.50, while EURUSD needs a sustained move above 1.17 to regain upside momentum. Dollar-Yen risks slipping toward 158 if it holds below 159, and EURINR/EURJPY may consolidate before attempting higher levels. USDCNY is biased toward 6.70. Aussie remains Read More
FOREX The Dollar Index remains bearish below 99.40, with scope to slip towards 98.50 or lower after any near-term test of 99.40. EURUSD is expected to regain momentum above 1.17 and target 1.18 or higher, while Dollar-Yen may rise slowly towards 160 before easing back unless it breaks decisively higher. EURINR and EURJPY retain bullish Read More
