FOREX Disappointing PMI from China, lower EU PPI, and voluntary production cuts (1.3mbpd) from Russia and Saudi Arabia extending upto December-23, all together has increased volatility across markets driving US yields higher and taking up US Dollar against major currencies. Dollar Index needs to reverse back from 105 and Euro from 1.07 else the index Read More
SGX Nifty Premarket
FOREX Dollar Index trades above 104 an could trade within 104.50-103 region for some more time. Euro too needs to rise above 1.08 to move higher else can be ranged above 1.0760/0750. EURJPY and USDJPY can move higher towards 159-160 and 148 respectively while Pound and Aussie can fall towards 1.26/25 and 0.64/63 respectively. USDCNY Read More
FOREX Overall stable and ranged movement seen in most currency pairs. Dollar Index trades above 104 ad needs to fall below 104 to negate any further scope of bullishness. Euro too needs to rise above 1.08 to move higher. EURJPY and USDJPY can move higher towards 159-160 and 148 respectively while Pound and Aussie would Read More
FOREX Dollar Index has risen back slightly and may move up towards 104 before reversing while Euro may re-test 1.08 while below 1.0950. Aussie and Pound have dipped back and could trade within 0.6550-0.6450 and 1.26-1.28 respectively. USDJPY has fallen sharply and needs to bounce from 145 to avoid further decline to 144. EURJPY has Read More
FOREX Dollar Index has risen back slightly and may move up towards 104 before reversing while Euro may re-test 1.08 while below 1.0950. Aussie and Pound have dipped back and could trade within 0.6550-0.6450 and 1.26-1.28 respectively. USDJPY has fallen sharply and needs to bounce from 145 to avoid further decline to 144. EURJPY has Read More
FOREX US GDP came in slightly lower at 2.1% compared to the earlier 2.4% estimate for Q2. Dollar Index fell to 102.936 but has risen from there. View is bearish while below 103.50. That said, Euro, Aussie, Pound have risen slightly and could head towards 1.0950, 0.65-0.6550 and 1.28 respectively. USDJPY has fallen sharply along Read More
FOREX The US JOLTS report showed a decrease in job openings yesterday along with the shrink seen in the consumer confidence. The markets would await the NFP data on Friday which if seen negative would ease inflationary pressure which could possibly indicate a further pause in the rate hike in the next FED policy meeting. Read More
FOREX Dollar Index and Euro can trade within 104.50-103.50 and 1.0750-1.0850 respectively. Aussie and Pound have risen slightly and needs to sustain the upmove to rise towards 0.6450-0.65 and 1.27 respectively. USDJPY looks bullish to 147 while EURJPY can soon target 159-160 on the upside. USDCNY is ranged within 7.25-7.32. USDRUB seems to be rising Read More
FOREX Dollar Index and Euro can trade within 104.50-103.50 and 1.0750-1.0850 respectively. Aussie and Pound have risen slightly and needs to sustain the upmove to rise towards 0.6450-0.65 and 1.27 respectively. USDJPY looks bullish to 147 while EURJPY has broken above 158 and can soon target 159-160 on the upside. USDCNY is ranged within 7.25-7.32 Read More
FOREX Dollar Index has risen above 104 and unless a fall is seen immediately, it can target 105-106. Euro has broken below 1.08 and could aim for 1.0750-1.07 before a reversal is seen. Aussie and Pound also trade lower breaking below 0.64 and 1.26 respectively. They can fall further towards 0.63 and 1.25 in the Read More