FOREX The Dollar Index has limited upside to 101. Either from current levels or upon testing 101, it can resume its fall to 98-96. The Euro and EURINR have supports coming at 1.13-1.12 and 96-95.5 region, above which the targets of 1.16-1.18 and 99 are kept open respectively. EURJPY and USDJPY are holding the ranges Read More
SGX Nifty Premarket
FOREX Trump administration has considered slashing tariffs on Chinese imports. The Dollar Index rose to 99.93 as markets took the news positively. The overall upside is capped at 101 and can eventually resume its downtrend towards 98-96. The Euro and EURINR are coming off but has limited downside to the support near 1.13-1.12 and 96-95. Read More
FOREX President Donald Trump withdrew his threats to fire Federal Reserve Chair Jerome Powell. The Dollar Index rose to 99.64 and declined a bit. Now it faces resistance at 99.60/65; a break could lead to 100-100.50, else a decline toward 98-96 is likely. The Euro and EURINR are coming off but has limited downside to Read More
FOREX Donald Trump slammed Fed Chair Jerome Powell and urged him to cut interest rates now to avoid an economic slowdown. As a result,the Dollar Index tested the low of 97.92 yesterday. The fall can extend to 97-96 before attempting to rise back. The Euro has risen past 1.15 and has a scope to extend Read More
FOREX The Dollar Index has slipped below 99 and can get dragged to 98-96 if it fails to see an immediate rise past 99. The Euro is heading to 1.15. Thereafter whether it extends the rise further or no will have to be seen. The EURINR is rising and if sustained, can head to the Read More
FOREX The Dollar Index is trading within a narrow range of 99-100. Need to see a break on either side for further clarity. The Euro and EURINR can witness a fall back to 1.12-1.11 and 96.0-95.5 respectively before attempting to rise back. EURJPY is holding the range of 160-164 for now. USDJPY can have downside Read More
FOREX The Dollar Index is trading within a narrow range of 99-100. Need to see a break on either side for further clarity. The Euro and EURINR can witness a fall back to 1.12-1.11 and 96.0-95.5 respectively before attempting to rise back. EURJPY is holding the range of 160-164 for now. USDJPY can have downside Read More
FOREX The Dollar Index is trading within a narrow range of 99-100. Need to see a break on either side for further clarity. The Euro and EURINR can witness a fall back to 1.12-1.11 and 96.0-95.5 respectively before attempting to rise back. EURJPY is holding the range of 160-164 for now. USDJPY can have downside Read More
FOREX The Dollar Index needs to rise past 100 to head towards 101-101.50. We retain our view that the Euro and EURINR can witness a fall back to 1.12-1.11 and 96.0-95.5 respectively. EURJPY is trading lower within its 164-160 range. USDJPY if fails to rise past 144, can be vulnerable to initially test 140 in Read More
FOREX The Dollar Index on a rise past 100 can head to 101-101.50. The Euro and EURINR tested 1.1474 and 98.77 as expected and now can witness a fall back to 1.12-1.11 and 96.0-95.5 respectively. EURJPY is stuck within 160-164 range. USDJPY needs to rise past 144 to negate the fall to140 in the near Read More