SGX Nifty Premarket

FOREX The Dollar Index has resistance coming near 98.25. Need to see whether it holds and pushes the index to 97-96 or takes it higher. EURUSD need to see a confirm break past 1.18 to bring higher levels into picture, else a dip towards 1.17–1.16 looks likely. EURINR has bounced from support and can rise Read More

FOREX The Dollar Index has edged up but needs to reclaim 98 to move higher, else it risks slipping towards 97–96. EURUSD faces strong resistance near 1.18, with a dip towards 1.17–1.16 likely if it holds. EURINR has bounced from support and can rise towards 107. EURJPY remains range-bound with scope for a dip towards Read More

FOREX The Dollar Index has edged up but needs to reclaim 98 to move higher, else it risks slipping towards 97–96. EURUSD faces strong resistance near 1.18, with a dip towards 1.17–1.16 likely if it holds. EURINR has bounced from support and can rise towards 107. EURJPY remains range-bound with scope for a dip towards Read More

FOREX US GDP came out stronger than expected at 4.3% (3.2%), while US Consumer Confidence declined to 89.1 (91.7). The Dollar Index has slipped below 98 and could test 97.50–97.00 before stabilising. EURUSD needs a confirmed break above 1.18 to extend the rise towards 1.19–1.20. EURINR may trade in the 104–106/107 range for some time. Read More

FOREX US GDP came out stronger than expected at 4.3% (3.2%), while US Consumer Confidence declined to 89.1 (91.7). The Dollar Index has slipped below 98 and could test 97.50–97.00 before stabilising. EURUSD needs a confirmed break above 1.18 to extend the rise towards 1.19–1.20. EURINR may trade in the 104–106/107 range for some time. Read More

FOREX The Dollar Index is trading lower within its 99-98 range. Need to see whether the support around 98 holds or not. While EURUSD is headed towards the resistance at 1.18. EURINR can trade within 104-106/107 region for some time. EURJPY can test 183/82, while USDJPY can trade within the broad 154-158 range for some Read More

FOREX The Dollar index & EURUSD can continue to trade between 99-98 & 1.18-1.17 region respectively before a breakout occurs. EURINR has a scope to test 104.00-103.50 level while it trades below 105.50. EURJPY & USDJPY tested 184.82 & 157.78 in line with our view of pairs testing 185 & 158 respectively. Currently both are Read More

FOREX The BOE delivered a 25 bps rate cut, lowering the policy rate to 3.75%, while the ECB kept its policy rate unchanged at 2.15%. While below 98.50, the targets of 97.50-97.00 are kept open in Dollar Index. EURUSD is trading lower within the 1.18–1.17 range. EURINR can test 105.50 before attempting a rebound. EURJPY Read More

FOREX The BOE delivered a 25 bps rate cut, lowering the policy rate to 3.75%, while the ECB kept its policy rate unchanged at 2.15%. While below 98.50, the targets of 97.50-97.00 are kept open in Dollar Index. EURUSD is trading lower within the 1.18–1.17 range. EURINR can test 105.50 before attempting a rebound. EURJPY Read More

FOREX The Dollar Index is facing resistance near 98.50, and while below this level, the downside targets of 97.50-97.00 remain open. EURUSD is likely to trade within the 1.17-1.18 range. EURINR has scope to rebound toward 107 as long as it holds above 105.50. EURJPY has moved above 182, and if sustained, can test 184 Read More