FOREX The Dollar Index holds above 102 but could have some scope for a fall to 101.50 before eventually moving higher. Euro has moved up sharpy towards 1.10 after the release of softer EU CPI. EURJPY could not sustain its rise above 158 and is back within its range of 158-154, USDJPY tested 145 as Read More
SGX Nifty Premarket
FOREX Dollar Index has moved up well above 102 and could test 103-103.50 before coming off while Euro is bearish below 1.0965 for a fall towards 1.0850/1.08. EURJPY is headed towards its upper end of the 154-158 range while USDJPY is expected to fall on testing 144/145. Aussie can rise towards 0.68 but Pound may Read More
FOREX Some recovery is seen in the currency pairs from the movements seen last week. Dollar Index has moved up well above 102 and could test 103-103.50 before coming off while Euro can test 1.0850-1.08. EURJPY looks sable within 158-154 while USDJPY can continue to trade above 141. Aussie and Pound have dipped slightly but Read More
FOREX The ECB kept rates unchanged but did not mention anything on rate cuts in 2024, in contrary to the dovish tone from the FED a day before. ECB expects inflation to rebound again and keep price pressure intact. The rally in Euro and fall in Dollar Index seen after the FOMC has remained intact Read More
FOREX The ECB kept rates unchanged but did not mention anything on rate cuts in 2024, in contrary to the dovish tone from the FED a day before. ECB expects inflation to rebound again and keep price pressure intact. The rally in Euro and fall in Dollar Index seen after the FOMC has remained intact Read More
FOREX Sharp decline in the Dollar Index after the FOMC meeting where the FED kept rates unchanged but has indicated an end of rate hike cycle and three rate cuts in 2024. Dollar index has plunged to levels below 103, support levels of 102.50-102-101.50 come into the picture again. Euro is headed towards 1.0950-1.0975 from Read More
FOREX Dollar Index is trading within 103-104.50 region while Euro is bearish towards 1.07 while below 1.0850. US FOMC meeting tonight would be crucial to watch. Upside could be limited for EURJPY and USDJPY as they have immediate resistances at 158 and 147 below which view is bearish. Aussie and Pound are in a sideways Read More
FOREX Dollar Index is trading around 104 and needs to move on either direction from here to give further clarity on whether it would rise towards 106 or fall to 103/102 again. Euro trades below 1.08 and has fair scope to fall to 1.0650. EURJPY and USDJPY have dipped again and could be bearish for Read More
FOREX US NFP data came out higher at 199k from the previous 150k seen in Oct-23 release. Dollar Index trades slightly higher but needs to sustain above 104 to keep the upside intact to target 106 else can come back within the 102-104 range. Euro trades below 1.08 and has fair scope to fall to Read More
FOREX Hint of a policy shift from the Bank of Japan pulled down USDJPY towards 141.60, weakening the US Dollar against other major basket of currencies and taking Euro slightly higher. However, the US NFP data today would be crucial to keep volatility intact in the currencies for a few more sessions. Dollar Index trades Read More