FOREX The dollar weakened on Euro and Yen strength yesterday after dovish comments from Chicago Fed President Goolsbee asking FED to be watchful on the tight-monetary policy. The downside could be limited to 105-104.70 for the Dollar Index while the Euro can rise towards 1.0750. Dollar-Yen tested 159.92 yesterday but dipped back amid verbal intervention Read More
SGX Nifty Premarket
FOREX After the higher-than-expected US Existing Home Sales data release, Dollar Index rose sharply to test 105.915 on the upside. EURUSD on the other hand is declining as expected and can test 1.0650 on the downside. Dollar-Yen and EURJPY are nearing our expected targets of 160 and 171 respectively. Watch price action closely around current Read More
FOREX Despite some negative US data releases Dollar Index continues to remain strong and surged past 105.50 as the SNB went ahead with the rate cut of 25bps and BOE kept the rates unchanged at 5.25%. EURUSD on the other hand is trading lower within its range of 1.0650-1.0750. Dollar-Yen and EURJPY have risen above Read More
FOREX Despite some negative US data releases Dollar Index continues to remain strong and surged past 105.50 as the SNB went ahead with the rate cut of 25bps and BOE kept the rates unchanged at 5.25%. EURUSD on the other hand is trading lower within its range of 1.0650-1.0750. Dollar-Yen and EURJPY have risen above Read More
FOREX The Dollar Index remained stable above 105, while EURUSD is nearing the upper end of its range of 1.0650-1.0750. Dollar-Yen and EURJPY needs to necessarily break above the resistance near 158-158.50 and 170-170.50 to turn further bullish for the medium term; else a fall back could be seen. Aussie & Pound are ranged within Read More
FOREX The Dollar Index continues to trade above 105 and looks bullish towards 106+ while EURUSD can trade within 1.0750-1.0650 for now. Dollar-Yen and EURJPY continue to trade below crucial resistances near 158 and 170 which needs to necessarily break to turn further bullish for the medium term; else a sharp decline from current levels Read More
FOREX The Dollar Index, EURUSD, Dollar-Yen, EURJPY, Aussie & Pound are ranged within 104-105.50, 1.0750-1.0650, 156-158,168-170, 0.6570-0.6720 and 1.26-1.28 respectively. Only a decisive break on either side of these respective ranges can give further directional clarity in the near term, until then; the respective ranges are likely to hold for some time. USDCNY looks bullish Read More
FOREX The Dollar Index has surged past 105 despite the softer PPI data released yesterday. Dollar Index could trade within 104-105.50 and Euro if sustained above 1.07, then it can trade within 1.07-1.09; else it can get further dragged towards 1.065 before bottoming out. Aussie and Pound can remain ranged within 0.6580-0.6720 and 1.28-1.26 respectively. Read More
FOREX The Dollar Index has surged past 105 despite the softer PPI data released yesterday. Dollar Index could trade within 104-105.50 and Euro if sustained above 1.07, then it can trade within 1.07-1.09; else it can get further dragged towards 1.065 before bottoming out. Aussie and Pound can remain ranged within 0.6580-0.6720 and 1.28-1.26 respectively. Read More
FOREX The Dollar Index has surged past 105 despite the softer PPI data released yesterday. Dollar Index could trade within 104-105.50 and Euro if sustained above 1.07, then it can trade within 1.07-1.09; else it can get further dragged towards 1.065 before bottoming out. Aussie and Pound can remain ranged within 0.6580-0.6720 and 1.28-1.26 respectively. Read More