FOREX The brief decline in the Dollar Index seen last week has recovered, as the Dollar Index is headed towards 101, taking Euro down towards 1.14 or lower and USDJPY higher towards 162/163. EURINR can test 108 while below 109.50, while EURJPY may rise towards 185/186. USDCNY may trade within the 6.76-6.8250 region for the Read More
SGX Nifty Premarket
FOREX Weaker-than-expected NFP data yesterday is the main catalyst for the market movement over yesterday and today. Dollar Index has declined as expected but can slowly rise towards 101-101.50 next week. Today the US market is closed. Euro is also likely to hold below 1.15 and decline back towards 1.1350. USDJPY had dipped due to Read More
FOREX Weaker-than-expected NFP data yesterday is the main catalyst for the market movement over yesterday and today. Dollar Index has declined as expected but can slowly rise towards 101-101.50 next week. Today the US market is closed. Euro is also likely to hold below 1.15 and decline back towards 1.1350. USDJPY had dipped due to Read More
FOREX Dollar Index is expected to remain strong above 100.75, keeping the momentum bullish for USDJPY towards 163/164 and leading to possible weakness in other major currencies in the medium term. However, an immediate dip in the Dollar Index towards the mentioned support could give some relief to other currencies. Euro could trade within 1.1325/1.1450 Read More
FOREX The Dollar index needs to hold above support near 100.90-101 to move up to 102 gradually and taking down Euro back to 1.13 or lower. EURINR is holding well above support at 107 and needs to break above 108 now to head towards 109/110. EURJPY has also risen well as expected and ma y Read More
FOREX The Dollar index has dipped further leading to a rise in the Euro above 1.14. It would be important to see if the Euro continues to hold above 1.14 or not. EURINR is holding well above 107 and needs to rise back above 108 to rise further. EURJPY has also risen well as expected. The Read More
FOREX The Dollar index has dipped below 101.50 while Euro has moved up a bit and can re-test 1.14. But whether it would break higher and sustain needs to be seen. EURINR is holding well above 107 and needs to rise back above 108 to rise further. EURJPY has also risen well from 183. The rise Read More
FOREX Strength in the Dollar Index above 101.50 if sustains can lead to further weakness in major currencies against the US Dollar. The Euro is already trading below 1.14 and can now test 1.13 while EURINR may fall to 106/105 on a decisive break below 107. EURJPY may test 183 while USDJPY may try to Read More
FOREX Strength in the Dollar Index above 101.50 if sustains can lead to further weakness in major currencies against the US Dollar. The Euro is already trading below 1.14 and can now test 1.13 while EURINR may fall to 106/105 on a decisive break below 107. EURJPY may test 183 while USDJPY may try to Read More
FOREX Strength in the Dollar Index above 101.50 if sustains can lead to further weakness in major currencies against the US Dollar. The Euro is already trading below 1.14 and can now test 1.13 while EURINR may fall to 106/105 on a decisive break below 107. EURJPY may test 183 while USDJPY may try to Read More