FOREX The Dollar Index and Euro are headed to 105.50/106 and 1.07 respectively. USDJPY and EURJPY can rise towards 156/157 and 168 respectively. USDCNY has sustained well above 7.22 and can further test 7.23-7.24 in the coming sessions. Aussie can fall to 0.65 if it does not see an immediate rise from current levels while Read More
SGX Nifty Premarket
FOREX The Dollar Index is headed to 105.50/106 while the Euro maintains below 1.08 for now. USDJPY and EURJPY can rise towards 156/157 and 168 respectively while USDCNY has plunged to 7.2073 before bouncing back to current levels of 7.2174. The downside of 7.20/18 would be negated on a sharp rise back to 7.23/25 region. Read More
FOREX Volatility seeped in on Friday as the US NFP came lower at 175K than the previous of 315K and the unemployment rate came higher at 3.9%. The Dollar Index tested 104.50 before becoming stable within its range of 106.50-104.50, while EURUSD rose to 1.08 and may continue to remain ranged within 1.0650-1.0850 for a Read More
FOREX The Dollar Index is trading lower within its range of 106.50-105.50/105, while EURUSD is headed towards 1.0750. EURJPY and USDJPY are trading near their immediate supports around 164 and 152 which if held, can bring them back towards the previous levels on the upside. Aussie can soon test 0.6580-0.66 before coming down towards 0.65, Read More
FOREX The Dollar Index is trading lower within its range of 106.50-105.50/105, while EURUSD is headed towards 1.0750. EURJPY and USDJPY are trading near their immediate supports around 164 and 152 which if held, can bring them back towards the previous levels on the upside. Aussie can soon test 0.6580-0.66 before coming down towards 0.65, Read More
FOREX Dollar Index has fallen across major currencies after Fed kept the interest steady at 5.25%-5.50% and mentioned that they do not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%. The Dollar Index, EURUSD, EURJPY, USDJPY are ranged within 106.50-105.50/105, Read More
FOREX The Dollar Index can see near-term trade within 106.20-105.40 while Euro can test support at 1.0675/0650 before bouncing back from there. EURJPY and USDJPY have seen a strong fluctuation within a very broad range and lack directional clarity just now. While below 171.50 and 160.50, both pairs can remain ranged within 171.50-166 and 160.50-154 Read More
FOREX The Dollar Index can see near-term trade within 106.20-105.40 while Euro can test support at 1.0675/0650 before bouncing back from there. EURJPY and USDJPY have seen a strong fluctuation within a very broad range and lack directional clarity just now. While below 171.50 and 160.50, both pairs can remain ranged within 171.50-166 and 160.50-154 Read More
FOREX The Dollar Index looks stable within its range of 106.50-105.50/105, while the Euro needs to sustain above current levels to test 1.08. EURJPY and USDJPY have moved up sharply, above our mentioned targets of 168 and 158 respectively. Price action around current levels would be important to watch as to whether they would rise Read More
FOREX The Dollar Index has dipped towards 105.50 while Euro is heading up 1.0750 after downbeat US GDP Q/Q% for Q1 2024 (Advance Estimate) came in at 1.60% from 3.40% in Q4 2023. EURJPY can rise towards 168 while above 166. Aussie and Pound have potential to rise towards 0.66 and 1.2550/1.26. USDJPY trades higher Read More