FOREX Dollar Index has fallen sharply and looks on the edge of breaking below 103 ahead of the US NFP and Unemployment data releases due today. We would wait to see price action near 102.50 which is a crucial weekly support to decide on further direction from here and would turn bearish only on a Read More
SGX Nifty Premarket
FOREX The FOMC held interest rates steady and kept the target range for the federal-funds rate at 5.25-5.50%. The markets have been expecting a rate cut as early as March-24 but the FED statement overnight has indicated no hurry to cut rates and seemed slightly hawkish, stating that “the Committee does not expect it will Read More
FOREX The FOMC statement tonight would be crucial to watch to see guidance on future interest rates as recently the Fed officials have been moving away from any hurried interest rate cuts in their media speeches while markets expect a 50-50 chance of a rate cut in March. Dollar Index trades within 103-104 while Euro Read More
FOREX Dollar Index could continue trade within 103-104 while Euro looks like it can attempt to break below 1.08 to test 1.0750 in the medium term. EURJPY and USDJPY have fallen sharply, contrary to our bullish view. They may now turn bearish to 159/158 and 147-145 respectively in the near term. while USDCNY started to Read More
FOREX Dollar Index needs to sustain past 103.5 to further test 104 on the upside while Euro could test 1.08 before attempting to rise back towards 1.09. EURJPY and USDJPY have moved up and could be slightly bullish towards 161.30 and 149 while USDCNY has risen sharply contrary to our expectations of seeing a fall Read More
FOREX Dollar Index could gain downside momentum if it sustains below 103.70 for a few more sessions while Euro could attempt to rise above 1.09 ad to sustain higher slowly. EURJPY and USDJPY have moved up and could be slightly bullish while USDCNY continues to fall, targeting 7.15/12. Aussie could be bearish towards 0.65 while Read More
FOREX Dollar Index could gain downside momentum if it sustains below 103.70 for a few more sessions while Euro could attempt to rise above 1.09 ad to sustain higher slowly. EURJPY and USDJPY have moved up and could be slightly bullish while USDCNY continues to fall, targeting 7.15/12. Aussie could be bearish towards 0.65 while Read More
FOREX Dollar Index could gain downside momentum if it sustains below 103.70 for a few more sessions while Euro could attempt to rise above 1.09 ad to sustain higher slowly. EURJPY and USDJPY have moved up and could be slightly bullish while USDCNY continues to fall, targeting 7.15/12. Aussie could be bearish towards 0.65 while Read More
FOREX Dollar Index and Euro face volatility ahead of the ECB meeting tomorrow and crucial data releases on US GDP and PCE over the rest of the week. The Dollar Index can head towards 104 while a fall in Euro towards 1.08 cannot be negated. EURJPY and USDJPY could have scope for a dip towards Read More
FOREX Most currency pairs remain ranged within the narrow trade region seen over the last few days. Respective supports/resistances are likely to hold and keep the pairs within the near term ranges for some more time. The Dollar Index and Euro trade within 103-104 and 1.0850-1.09/1.0950 respectively. EURJPY could move up while above 161 whereas Read More