FOREX Volatility was seen in the Dollar Index yesterday after lower US CPI was released and FED meeting where the rates were kept unchanged but signaled one rate cut in 2024 revising from earlier estimate of 3-rate cuts in the year. Dollar Index and Euro could trade within 104-105.50 and 1.07-1.09 respectively while Aussie and Read More
SGX Nifty Premarket
FOREX The Dollar Index sustains above 105 while Euro faces downside pressure due to political uncertainty in the Eurozone and could fall to 1.0675-1.0650 on a confirmed break below 1.0720. Aussie and Pound are headed up towards the upper end of the 0.6580-0.6720 and 1.28-1.26 ranges respectively. EURJPY is holding the range of 168-170 while Read More
FOREX The Dollar Index above 104.50 looks bullish to 105.50 and higher. Euro is likely to head towards 1.07-1.065 in the medium term if holds below 1.08 which can open up 106-106.50 on the Dollar Index. Aussie and Pound have recovered a bit from yesterday’s low and can trade within the range of 0.6580-0.6720 and Read More
FOREX Higher US NFP on Friday led the Dollar Index to rise sharply past 105 and if sustained, can test 106-106.50 on the upside. Euro, Aussie and Pound have slipped sharply falling below 1.08, 0.66 and 1.2750 respectively. EURJPY is moving higher within its range of 168-170 while USDJPY has risen past its range of Read More
FOREX The Dollar Index continues to remain ranged within 104.50-103.60 region. Watch US NFP and Unemployment data releases scheduled today. Euro tested 1.09 as expected before coming down. EURJPY and USDJPY are moving higher within their respective ranges of 168-170 and 154-156.50. USDCNY may remain stable below 7.25. Aussie and Pound are trading below their Read More
FOREX The Dollar Index continues to remain ranged within 104.50-103.60 region. Watch US NFP and Unemployment data releases scheduled today. Euro tested 1.09 as expected before coming down. EURJPY and USDJPY are moving higher within their respective ranges of 168-170 and 154-156.50. USDCNY may remain stable below 7.25. Aussie and Pound are trading below their Read More
FOREX Lower US ADP Employment rate led to fall in the Dollar Index towards 104. The Index can trade within 104.50-104 for the next few sessions while Euro is headed towards 1.09 which if breaks on the upside can extend to 1.0930/50 before coming off again within the 1.09-1.08 range. EURJPY and USDJPY looks ranged Read More
FOREX The Dollar Index below 104.50-105, looks bearish to 103 in the near term. Euro can rise to 1.10 if the Dollar weakens as expected. EURJPY and USDJPY have come off a bit as the Yen strengthens against Dollar. Now whether the fall gets extended to 168-167 and 152 respectively or gets halted around current Read More
FOREX The Dollar Index post weaker US ISM Manufacturing data release fell sharply to test 104 and now it needs to be seen whether the fall gets extended to 103 or not. Euro on the other hand shot up even past our expected resistance near 1.09 and now if sustained, can head towards 1.10 in Read More
FOREX The Dollar Index continues to remain volatile within its range of 104.50-105.50. Euro tested 1.082 on Friday before coming down. Unless a strong break past 1.09 is seen, it can move within the range of 1.08-1.09. EURJPY and USDJPY need to sustain above 170 and 157 respectively to test 172 and 159-160 on the Read More