SGX Nifty Premarket

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

FOREX The Dollar Index, after the Jackson Hole meeting came off sharply as Powell signaled a rate cut in the Fed’s Sep-24 meeting. Crucial supports are seen at 100.50 and lower at 99.50 which can hold in the near term. Euro on the other hand can rise towards 1.1250/1.13.00 before possibly topping out. USDJPY and Read More

FOREX The Dollar Index is attempting to rise back while above 101. Powell’s speech at the Jackson Hole scheduled today is awaited. Euro can head towards 1.12/1.13, if it sustains above 1.11. USDJPY and EURJPY need to hold above 145 and 160 to continue the corrective up move. The pound needs to sustain above 1.31 Read More

FOREX The Dollar Index is attempting to rise back while above 101. Powell’s speech at the Jackson Hole scheduled today is awaited. Euro can head towards 1.12/1.13, if it sustains above 1.11. USDJPY and EURJPY need to hold above 145 and 160 to continue the corrective up move. The pound needs to sustain above 1.31 Read More

FOREX The Dollar Index slipped after a sharp downward annual revision was seen in the NFP data by 818k and on the release of the FOMC July meeting minutes yesterday that indicated that the FED officials are inclined towards a rate cut in Sep. Traders now price in a 38% probability of a 50bps cut, Read More