FOREX Small uptick in US initial jobless claims (204k from earlier 202k), stable US GDP (Q/Q% an Y/Y%) and lower German inflation (4.5% Y/Y% from earlier 6.1%) have led to a softer Dollar Index as Euro has risen and could lead to a test of 105.50 on the index and 1.06 or slightly higher on Read More
SGX Nifty Premarket
FOREX Dollar Index continues to remain bullish towards 107-108. Euro, Pound and EURJPY look bearish for a fall towards 1.0450-1.04, 1.21/20 and 156 respectively. USDJPY can move up towards 150-152 before pausing the rally. Aussie can fall to 0.63 while below 0.6450. USDCNY can rise slowly towards 7.35 while USDRUB can move up within 94-98 Read More
FOREX News stated that Neel Kashkari, a Federal Reserve policymaker, opined that the robust U.S. economy warranted another interest rate hike, holding it “higher for longer” to bring inflation back to the 2% mark. This aided the rise in the Dollar Index which can continue to rise towards 107-108. Euro, Pound, Aussie, EURJPY all look Read More
FOREX Dollar Index breaks above the resistance at 106 and drags down Euro below 1.06. It is to be seen if the break sustains as it could bring in fresh targets of 107 and 1.05 for the Dollar index and Euro respectively. EURJPY remains ranged while USDJPY can move up towards 149-150. USDCNY and USDRUB Read More
FOREX Most currencies are trading within a safe range; a break on either side would bring in more directional clarity. Dollar Index, Euro, EURJPY and USDJPY trade within 105-106, 1.06-1.07, 157-158 and 147-149 range respectively which could continue for a few more sessions unless a break on either side is seen. USDCNY can head higher Read More
FOREX Most currency pairs trade near crucial supports/resistances and a breach or hold of these levels are important to watch for the near term to decide on further direction from here. Dollar Index is holding below crucial resistance at 106 while Euro is trading above support near 1.06-1.0650 but there needs clarity on whether the Read More
FOREX Most currency pairs trade near crucial supports/resistances and a breach or hold of these levels are important to watch for the near term to decide on further direction from here. Dollar Index is holding below crucial resistance at 106 while Euro is trading above support near 1.06-1.0650 but there needs clarity on whether the Read More
FOREX FED kept rates unchanged at 5.5% as per market expectations but has signaled one more rate hike this year. Dollar Index is headed towards 106 while Euro is headed to test 1.06. Both levels on the Dollar Index and Euro are crucial and needs a reversal soon. Aussie and Pound look bearish and could Read More
FOREX FED policy meeting is important today where markets do not expect a rate hike but is keen to see the quarterly updates on inflation, interest rates, growth and employment figures. Dollar Index could trade within the broad 104.50-105.50/106 region while Euro can bounce from 1.0650/1.06 to rise towards 1.0750. Aussie and Pound look stable Read More
FOREX Dollar Index has dipped from 105.50 but has scope to test 106 while above 104. Similarly, Euro could test 1.06 while below 1.08. Aussie and Pound looks bearish towards 0.64 and 1.2350. USDJPY can rise to 148-149 while EURJPY can bounce back from 156.60. USDCNY can test 7.30/35 while above 7.25. USDRUB can trade Read More