SGX Nifty Premarket

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

FOREX The Dollar Index has been coming off sharply and a break below 101 can drag it towards 100.5-99.5 in the medium term. Euro has surged past 1.11 and can test 1.1150/75-1.12 before possibly topping out. The USDJPY and EURJPY can hold above 145 and 160/158 and move higher in the medium term. The Pound Read More

FOREX Dovish comments from the FED officials signaled a higher rate cut possibility in September thereby taking the Dollar Index sharply down below 102. Powell’s Jackson Hole speech on Friday will be important to watch. The view is bearish towards 101 while below 102. Euro could be headed towards 1.11 or slightly higher. A lower Read More

FOREX The Dollar Index is currently nearing the lower end of its mentioned range of 104-102. Euro has risen past 1.10 but unless a strong bearishness in the Dollar Index below 102 is seen, the upside in the Euro could be limited. The USDJPY and EURJPY are holding well below 150 and 165 and further Read More

FOREX The Dollar Index has risen well and has the further scope to test 103.50 before topping out. Euro below 1.10 can fall back towards 1.09-1.0850 in the near term. The USDJPY and EURJPY has risen well and can test 150 and 165 on the upside before resuming their downtrend in the medium term. Pound Read More