FOREX The Dollar Index trades stable ahead of the US CPI and PPI data releases and could be seen to trade within 100.40-102 region keeping Euro above 1.1370 for now with a possible gradual decline to 1.13 later. EURINR may rise on expected rise in the USDINR towards 96 while the USDJPY could reflect the Read More
SGX Nifty Premarket
FOREX Fresh attacks between US and Iran over the weekend and Iran calling the Strait of Hormuz closed has led to a stronger Dollar against major currencies. We expect Dollar Index to fluctuate within 100.40-102 for the coming sessions while Euro can test 1.1350/1.13 on a break below 1.1370. The markets await the US CPI Read More
FOREX The Dollar Index is struggling to break above 102 and could ease towards 100, while EURUSD is expected to stay within 1.1370-1.1470 until a clear breakout. EURINR holds support near 109/108.70 and may rise towards 109.50-110. USDJPY could dip towards 161 before resuming its broader upside towards 163/165, while EURJPY may remain confined within Read More
FOREX The Dollar Index is struggling to break above 102 and could ease towards 100, while EURUSD is expected to stay within 1.1370-1.1470 until a clear breakout. EURINR holds support near 109/108.70 and may rise towards 109.50-110. USDJPY could dip towards 161 before resuming its broader upside towards 163/165, while EURJPY may remain confined within Read More
FOREX Fresh strikes between the US and Iran once again seem to gain dominance, overall impacting the price movements. However, the Dollar Index and Euro are expected to remain in a range for the near term between 100.40-101.40 and 1.1370-1.1470 region, with some chances of the Dollar Index rising to 102 and the Euro testing Read More
FOREX Fresh attacks reported in the Strait of Hormuz have led the Dollar to gain against most major currencies. Rise in the Dollar Index towards 101.50-102 can drag the Euro down to 1.1350-1.13. The Yen is overall in depreciating mode, targeting 163/164. EURJPY is headed towards 186, triggered by Yen weakness. USDCNY can face rejection Read More
FOREX The Dollar Index looks ranged within the 101-100.50 region for now who may break higher to test 102 eventually. This could take the Euro to 1.1475/80 initially before falling to 1.14/1.1380. USDJPY has scope to rise to 162/163 while markets expect an intervention from the BOJ above 162.50 level. EURINR can trade within 108.50-109.50 Read More
FOREX The brief decline in the Dollar Index seen last week has recovered, as the Dollar Index is headed towards 101, taking Euro down towards 1.14 or lower and USDJPY higher towards 162/163. EURINR can test 108 while below 109.50, while EURJPY may rise towards 185/186. USDCNY may trade within the 6.76-6.8250 region for the Read More
FOREX Weaker-than-expected NFP data yesterday is the main catalyst for the market movement over yesterday and today. Dollar Index has declined as expected but can slowly rise towards 101-101.50 next week. Today the US market is closed. Euro is also likely to hold below 1.15 and decline back towards 1.1350. USDJPY had dipped due to Read More
FOREX Weaker-than-expected NFP data yesterday is the main catalyst for the market movement over yesterday and today. Dollar Index has declined as expected but can slowly rise towards 101-101.50 next week. Today the US market is closed. Euro is also likely to hold below 1.15 and decline back towards 1.1350. USDJPY had dipped due to Read More