FOREX The Fed kept rates unchanged as widely expected, but hawkish statements led to a stronger Dollar, taking it above 99. A rise to 100 can be possible in the near term with an immediate range of 100-98 to hold. US markets are closed due to the Juneteenth holiday today. Euro has declined sharply to Read More
SGX Nifty Premarket
FOREX BOJ kept the interest rates unchanged at 0.50%. The Dollar Index has resistance near 99, break past which can only take it higher. Else, it can fall back towards 97-96. Euro and EURINR have a scope to fall towards 1.1450-1.1400 and 98.50-98.00 initially before attempting to rise back. EURJPY can test 166 if the Read More
FOREX The Dollar Index had declined a bit yesterday. A fresh rally can only begin on a break past 99, else it can be vulnerable to fall back towards 97 or even 96. Euro has a scope to fall towards 1.14 while it trades below 1.16/17. The EURINR has limited upside to 100. While below Read More
FOREX The Dollar Index needs to rise past 99 in order to end the downtrend and to begin a fresh rally. Euro can fall towards 1.14 while it trades below 1.16/17. The EURINR has limited upside to 100. While below it, a fall back towards 98 or lower can be seen. EURJPY needs to hold Read More
FOREX Weaker than expected US PPI ramped up the expectations that rate cuts by FED can happen soon. The Dollar Index tested 97.60 before rising a bit from there. A further rise past 99 will confirm that the downtrend has ended and a fresh rally can begin. On the other hand, Euro tested the resistance Read More
FOREX Weaker than expected US PPI ramped up the expectations that rate cuts by FED can happen soon. The Dollar Index tested 97.60 before rising a bit from there. A further rise past 99 will confirm that the downtrend has ended and a fresh rally can begin. On the other hand, Euro tested the resistance Read More
FOREX Trump said he would be willing to extend the July 8 deadline for completing trade talks with countries before higher tariffs are imposed.The Dollar Index, Euro and the EURINR can meet our targets of 98-96, 1.16 and 99-100 respectively in the near term. EURJPY turned lower from 166.42 and failure to see a rise Read More
FOREX The Dollar Index continues to remain stable within the 98.35-99.50 region. A better clarity could be expected after the US CPI data release scheduled today. The targets of 98-96 are kept open for now. We retain our bullish view on the Euro and EURINR towards 1.15–1.16 and 99–100 while both pairs trade above 1.1400-1.1350 Read More
FOREX The Dollar Index is narrowing within the 98.35-99.50 region. The targets of 98-96 are kept open for now. The Euro, on the other hand, has immediate support just below current levels. For now, we retain our view of a possible rise towards 1.15–1.16 in the near term. EURINR has eased slightly after testing 98, Read More
FOREX Dollar Index and Euro can target 98-96 and 1.15-1.16 respectively. EURINR, above 97/96 looks bullish towards 99-100 levels. EURJPY is likely to hold the range of 165-160 region. USDJPY below 145, can fall back towards 142 or even 140 before halting. AUDUSD is nearing the upper end of its 0.6400/635-0.6500 range, Pound on the Read More