FOREX The Dollar Index is holding above support at 107.75 and can rise towards 109-109.50. On the other hand, Euro, EURINR and Aussie will have to decisively break on either side of the respective ranges for further directional clarity but until then can continue to trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6300-0.6200 respectively. The pound faced Read More
SGX Nifty Premarket
FOREX The Dollar Index is oscillating above the immediate support around 107.75. While the support holds, it can rise towards 109-109.50. Euro, EURINR and Aussie continue to trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6300-0.6200 respectively until a decisive break is seen on either side. The pound has bounced well from the support at 1.25 but can Read More
FOREX The Major currencies remained stable due to the thinner volumes. Dollar Index can rise towards 109-109.50 while above 107.50-108.00. Euro, EURINR and Aussie have limited upside and are likely to trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6350/06300-0.6200 respectively until a decisive break is seen on either side. The pound has sustained above 1.25 but needs Read More
FOREX The Major currencies remained stable due to the thinner volumes. Dollar Index can rise towards 109-109.50 while above 107.50-108.00. Euro, EURINR and Aussie have limited upside and are likely to trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6350/06300-0.6200 respectively until a decisive break is seen on either side. The pound has sustained above 1.25 but needs Read More
FOREX The Dollar Index can rise towards 109-109.50 while above 107.50-108.00. Euro, EURINR and Aussie can trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6350/06300-0.6200 respectively until a decisive break is seen on either side. The pound looks stable above 1.25 but needs a strong break past 1.26 to rise higher within the 1.25-1.28 range. Else any break Read More
FOREX The holiday week starts tomorrow in the US so the volumes would be thinner and as a result, the currencies might remain stable, and the targets can get delayed. The Dollar Index, above 107 can rise towards 108.50-109 in the near term. Euro, EURINR and Aussie can trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6350/06300-0.6200 respectively Read More
FOREX The holiday week starts tomorrow in the US so the volumes would be thinner and as a result, the currencies might remain stable, and the targets can get delayed. The Dollar Index, above 107 can rise towards 108.50-109 in the near term. Euro, EURINR and Aussie can trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6350/06300-0.6200 respectively Read More
FOREX The Dollar Index has immediate support around 107, above which it can bounce back again towards 108-108.50. Euro and EURINR are rising but have limited upside to 1.0500-1.0550 and 89.00-89.50 respectively for now. Aussie has risen well and if sustained, can test our mentioned target of 0.6300-0.6350 in the coming sessions. Pound is back Read More
FOREX The outlook on most currencies looks uncertain as there is no directional clarity for the medium term. Most of them have breached crucial supports/resistances and need to sustain to confirm the medium-term direction. The Dollar Index has extended to 108.485 on the stronger US GDP release, the Euro is trading below 1.04 with the Read More
FOREX The outlook on most currencies looks uncertain as there is no directional clarity for the medium term. Most of them have breached crucial supports/resistances and need to sustain to confirm the medium-term direction. The Dollar Index has extended to 108.485 on the stronger US GDP release, the Euro is trading below 1.04 with the Read More