FOREX The Dollar Index has risen well and can test 103.80-104 in the coming sessions before topping out. On the other hand, Euro is near the immediate resistance around 1.0950/60 which if holds, can push the pair down towards 1.09-1.0850. USDJPY and EURJPY may soon test our mentioned targets of 148-150 and 161/163 respectively while Read More
SGX Nifty Premarket
FOREX Recent fluctuations in the forex market have been majorly dominated by the Japanese Yen which weakened over yesterday and today after Uchida’s comments on holding rates, aiding a recovery in the Dollar Index from 102.15 seen earlier during the week. However, the Dollar Index can face rejection from 103.80-104 which can limit a fall Read More
FOREX RBA kept rates unchanged and hinted that a rate cut is far away while the BoJ Deputy Governor Shinichi Uchida indicated that they would not raise rates in an unstable market which led the USDJPY to rise further. Dollar Index, USDJPY, EURJPY and USDCNY saw some recovery yesterday and if sustained above current levels, Read More
FOREX The Monday sell-off in currency pairs continue today as well but there is some signal of mild recovery. Dollar Index, USDJPY, EURJPY and USDCNY fell sharply to the low of 102.16, 141.688, 154.41 and 7.1160 respectively before recovering from there. US Trade balance is scheduled today. Euro tested 1.10089 before coming off. Aussie is Read More
FOREX All the major currencies have gained against Dollar after the weaker US NFP and higher US Unemployment on Friday. Euro has risen significantly past 1.09 and is headed towards the immediate resistance at 1.0950. USDJPY and EURJPY can soon test our mentioned targets of 145-42 and 158. USDCNY has slipped sharply below 7.20 and Read More
FOREX BOE cut rates by 25bps to 5% taking Pound sharply down to 1.2726. It can extend its fall to 1.27/26 before halting. Dollar Index has bounced from 103.80 while Euro can head towards 1.0750/07. US NFP and Unemployment data is crucial to watch today. USDJPY and EURJPY have risen slightly but overall trend remains Read More
FOREX BOE cut rates by 25bps to 5% taking Pound sharply down to 1.2726. It can extend its fall to 1.27/26 before halting. Dollar Index has bounced from 103.80 while Euro can head towards 1.0750/07. US NFP and Unemployment data is crucial to watch today. USDJPY and EURJPY have risen slightly but overall trend remains Read More
FOREX The FED kept the rates unchanged in their Policy meeting yesterday while the BOJ went ahead with a 15-bps rate hike to 0.25%, leading to a volatile FX market as anticipated. Dollar Index slipped to 103.86 and if does not rise back above 104 immediately, can target 103 in the near term while Euro Read More
FOREX Dollar Index holds above 104 while Euro needs to sustain above 1.08, else can trigger a fall towards 1.0750-1.0700. USDJPY and EURJPY have slipped sharply to their respective supports around 152 and 164 respectively ahead of the BOJ policy meeting today. USDCNY has slipped below the support of 7.25 and if it does not Read More
FOREX Dollar Index strengthened yesterday and needs to sustain above 104.50 to rise towards 105. Euro on the other hand has come down towards 1.08. A break below 1.08, can trigger a fall towards 1.0750-1.0700. While the pairs USDCNY, USDJPY and EURJPY sustain above 7.25, 152 and 164 respectively, the outlook continues to remain bullish Read More