FOREX The Dollar Index seems to be recovering slowly towards 106, taking the Euro down towards 1.0650. EURJPY has risen back and has scope to test 161/162. USDJPY has risen above 150 and can test 151/152 levels soon. The Aussie is bullish towards 0.65 while above 0.64 while the Pound looks bearish below 1.2450 to Read More
SGX Nifty Premarket
FOREX Dollar Index can test 105.50-105.80 before falling again while Euro can attempt to rise back towards 1.08 while above 1.07. EURJPY has dipped from 161 and can take it lower for a few days before resuming to rise to 162. USDJPY has risen above 150 and can test 151+ levels soon. Aussie could test Read More
FOREX Dollar Index plunged after the NFP data release on Friday taking most other currencies up against the Dollar. The Dollar Index has fallen to test 105 but need to see if it can bounce back from here or head lower towards 104. Euro and EURJPY trade higher and may test 1.0750-1.08 and 161-162 while Read More
FOREX Dollar Index trades lower on possible cooling off of further rate hikes but continues to trade within 105-107 region while Euro can remain within 1.05-1.07. EURJPY has bounced from 159 but while below 161 there is scope for a fall to 158. USDJPY trades above 150 and has scope to rise slowly back to Read More
FOREX Dollar Index trades lower on possible cooling off of further rate hikes but continues to trade within 105-107 region while Euro can remain within 1.05-1.07. EURJPY has bounced from 159 but while below 161 there is scope for a fall to 158. USDJPY trades above 150 and has scope to rise slowly back to Read More
FOREX The FED held rates in yesterday’s policy meeting and iterated that they are not thinking or even discussing of any rate reductions now which could suggest that there could be a possibility of rate hikes but with the economy now signaling balance and moderately better performance, we will have to wait and watch. Markets Read More
FOREX Most countries release PMI data today. FED policy meet is due tonight and NFP data is due on Friday. With all the important data releases, markets could remain volatile this week and early next week. Dollar Index and Euro may trade within 107-106/105 and 1.07-1.05 respectively while EURJPY rose to almost test 161 before Read More
FOREX Dollar Index and Euro may trade within 107-106 and 1.06-1.05 respectively while EURJPY can be bearish below 159. USDJPY can trade within 148.90-150. USDCNY looks stable. Pound has bounced from 1.2090 but looks bearish below 1.22. Aussie can trade within 0.63-0.64 for the near term. USDRUB can hold above immediate support at 92.00 and Read More
FOREX Dollar Index and Euro may trade within 107-106 and 1.06-1.05 respectively while EURJPY ca be bearish below 159. USDJPY can test 149 before rising higher again. USDCNY looks stable. Pound is headed towards 1.21 which if breaks on the downside could be bearish towards 1.2050-1.20. Aussie can trade within 0.63-0.64 for the near term. Read More
FOREX The ECB kept rates unchanged yesterday indicating that the latest inflation data has come down and could be slowly headed towards the 2% target while the current borrowing costs are just enough to control inflation if the rates are unchanged for “sufficiently long” time, suggesting no more rate cuts for the next few months Read More