FOREX FED cut a 25 bps rate cut which was widely expected but the comment that they would go slowly on future rate cuts next year given a stable labor market and inflation led to Dollar strength contrary to our expectations. The Dollar Index tested 108.26 before declining a bit from there while Euro came Read More
SGX Nifty Premarket
FOREX The Dollar Index looks stable above the support of 106.75 for now but the upside is likely to be capped at 108. A break below 106.75 can strike in further bearishness. Euro needs to see a break past 1.0530/50 to head towards 1.0600 in the coming sessions. EURINR needs to see a decisive break Read More
FOREX The Dollar Index is hovering near the support around 106.75, a decisive break below which can take it to 106.00 or even lower. Euro if sustains the ongoing rise, can test 1.0550-1.0600 in the coming sessions. EURINR needs to see a decisive break on either side of the range of 88-90 for further directional Read More
FOREX Dollar Index failed to sustain its rise past 107 and slipped below it. The index can have an upside limited to 108 and either upon testing it or from current levels itself, it can start falling back. Euro if sustains the ongoing rise, can test 1.0550-1.0600 in the coming sessions. EURINR needs to see Read More
FOREX ECB went ahead with the 25 bps rate cuts, thereby bringing the refinancing rate to 3.15%. As a result, Dollar Index rose past 107 which if sustained can test 108 as well before getting topped out. Euro continues to trade below 1.05 but the downside is expected to be limited to 1.0450-1.0400. EURINR is Read More
FOREX ECB went ahead with the 25 bps rate cuts, thereby bringing the refinancing rate to 3.15%. As a result, Dollar Index rose past 107 which if sustained can test 108 as well before getting topped out. Euro continues to trade below 1.05 but the downside is expected to be limited to 1.0450-1.0400. EURINR is Read More
FOREX The Dollar Index can head towards 107-108 in the near term if sustained above 106.75. Euro had slipped below 1.05 yesterday. If the ECB goes ahead with rate cuts today, it can extend the fall towards 1.0450 or even lower. The upside seems to be capped at 1.0550-1.0600. EURINR is coming off within its Read More
FOREX The Dollar Index needs to see a decisive break past 106.75 to head back towards 107-108. Euro has a bullish bias towards 1.0600-1.0650, while above 1.05. Since we are bullish on the Dollar Index and the Euro at the same time, one of the views can go wrong after the US CPI scheduled today Read More
FOREX The Dollar Index has risen well and if sustained, can rise back towards 107-108. Euro is unable to see a strong break past 1.06 but we have a bullish bias above 1.0550-1.0500. A break past 1.0650 can take it higher to 1.0750 eventually. Since we are bullish on the Dollar Index and the Euro Read More
FOREX The Dollar Index can bounce back towards 107-108 while above 105.50. Euro has a bullish bias above 1.0550-1.0500. Markets await the ECB policy meeting on Thursday. A break past 1.0650 can take it higher to 1.0750 eventually. EURINR can remain ranged within 90-88 for now. Aussie has slipped below 0.64 and can get extended Read More