FOREX Dollar Index trades lower on possible cooling off of further rate hikes but continues to trade within 105-107 region while Euro can remain within 1.05-1.07. EURJPY has bounced from 159 but while below 161 there is scope for a fall to 158. USDJPY trades above 150 and has scope to rise slowly back to Read More
SGX Nifty Premarket
FOREX The FED held rates in yesterday’s policy meeting and iterated that they are not thinking or even discussing of any rate reductions now which could suggest that there could be a possibility of rate hikes but with the economy now signaling balance and moderately better performance, we will have to wait and watch. Markets Read More
FOREX Most countries release PMI data today. FED policy meet is due tonight and NFP data is due on Friday. With all the important data releases, markets could remain volatile this week and early next week. Dollar Index and Euro may trade within 107-106/105 and 1.07-1.05 respectively while EURJPY rose to almost test 161 before Read More
FOREX Dollar Index and Euro may trade within 107-106 and 1.06-1.05 respectively while EURJPY can be bearish below 159. USDJPY can trade within 148.90-150. USDCNY looks stable. Pound has bounced from 1.2090 but looks bearish below 1.22. Aussie can trade within 0.63-0.64 for the near term. USDRUB can hold above immediate support at 92.00 and Read More
FOREX Dollar Index and Euro may trade within 107-106 and 1.06-1.05 respectively while EURJPY ca be bearish below 159. USDJPY can test 149 before rising higher again. USDCNY looks stable. Pound is headed towards 1.21 which if breaks on the downside could be bearish towards 1.2050-1.20. Aussie can trade within 0.63-0.64 for the near term. Read More
FOREX The ECB kept rates unchanged yesterday indicating that the latest inflation data has come down and could be slowly headed towards the 2% target while the current borrowing costs are just enough to control inflation if the rates are unchanged for “sufficiently long” time, suggesting no more rate cuts for the next few months Read More
FOREX The ECB kept rates unchanged yesterday indicating that the latest inflation data has come down and could be slowly headed towards the 2% target while the current borrowing costs are just enough to control inflation if the rates are unchanged for “sufficiently long” time, suggesting no more rate cuts for the next few months Read More
FOREX Sharp movements seen on the currency markets. The Dollar Index has risen above 106.5 while Euro has fallen sharply and could test 1.055-1.05 from where a bounce is needed to prevent further decline to 1.04. EURJPY could trade within 158-160 for a while as USDJPY has risen past 150 and needs to sustain to Read More
FOREX The S&P Global Manufacturing PMI has risen against expectations. The Dollar Index did fall to levels below 106 yesterday but has managed to bounce back above 106 again while Euro has fallen sharply from 1.07 and could trade within 1.07-1.0550 for a while now. EURJPY has fallen from 160 and could trade lower within Read More
FOREX The Dollar Index may continue trade within the narrow region of 106-106.7, Euro has a fair chance of rising towards 1.0650 if it sustains above 1.06. EURJPY failed to rise past 159 and can trade within 157-159 while USDJPY continues to remain flat below 150. USDCNY dipped slightly after testing 7.3230 on the upside; Read More