SGX Nifty Premarket

FOREX Initial advances seen in the Dollar after the FOMC rate cut were limited as the index fell back to 100.50. It could test 100.50-99.50 before bouncing back. Euro could trade within 1.1060-1.12 for now and delay our expected fall to 1.10-1.0950. USDJPY and EURJPY could not break above 144 and 160 respectively and have Read More

FOREX The FED cut rates by 50bps in line with market expectations taking the key interest rate down from 5.50% to 5.00%. The markets expect another 50bps rate cut by the end of the year. The risks of balancing inflation and unemployment seem to be in place as indicated by the FED statement. As the Read More

FOREX The Dollar Index is holding well above the support at 100.50, which if holds can take it higher towards 101.50 in the near term. A better directional clarity could be expected post the FOMC meeting scheduled today. Euro has resistance between 1.1150-1.12 which suggests a limited upside for the pair. USDJPY and EURJPY needs Read More

FOREX The Dollar Index tested 100.58 as expected before rising back from there. A break below 100.5 can bring 99.5 into the picture. Euro has risen well but has resistance between 1.1150-1.12 which suggests a limited upside for the pair. USDJPY and EURJPY look bearish towards 139-138.40 and 154-152 respectively. Aussie and Pound may head Read More

FOREX Many important data releases are due this week that could keep the currencies volatile; the most important being the central bank policy meetings from the FED, BOE and BoJ on 18th, 19th, and 20th of September respectively. Among the other data releases, we have the US IIP, EU CPI, and Japan CPI that would Read More

FOREX The Dollar Index came down sharply as the Euro rose post the ECB meeting wherein a 25bps rate cut was seen on the deposit rates and a 60bps cut in the Money Refinancing Rate. Any break below 101 on the Dollar Index, if seen can extend the fall towards 100.50. Similarly, Euro above 1.1050 Read More

FOREX The Dollar Index came down sharply as the Euro rose post the ECB meeting wherein a 25bps rate cut was seen on the deposit rates and a 60bps cut in the Money Refinancing Rate. Any break below 101 on the Dollar Index, if seen can extend the fall towards 100.50. Similarly, Euro above 1.1050 Read More

FOREX The US CPI came lower, in line with market expectations and the Dollar Index is moving towards 102 while above 101.25. The Euro tested 1.10 as expected and markets wait to see what the ECB does today in its policy meeting. Watch price action closely around the current levels. USDJPY and EURJPY extend their Read More

FOREX The Dollar Index has dipped slightly from the high of 101.76 but may soon rise towards 102. The Euro has scope to fall towards 1.10. USDJPY and EURJPY fell below 143 and 158 respectively and can now be bearish in the near term. Watch price action closely around 0.6650 in Aussie as any break Read More

FOREX Most currencies have moved in line with our expectations. The Dollar Index is headed towards 102, the Euro has scope to fall towards 1.10 while below 1.11, USDJPY can test 145 but EURJPY will need a break past 159 to rise towards 160. Aussie looks bearish towards 0.66, while Pound, if remains below 1.3085, Read More