SGX Nifty Premarket

FOREX The U.S. economy added 64,000 jobs in November, while the unemployment rate rose to 4.6%. The Dollar Index has recovered from the low of 97.86 but faces resistance near 98.50–98.75, which could cap the upside. EURUSD needs a decisive break above 1.18 to extend the rally; otherwise, a pullback toward 1.170–1.165 looks likely while Read More

FOREX The Dollar Index can decline towards 97.50-97.00 in the near term. EURUSD & EURINR can soon test 1.18 & 107 respectively. EURJPY has slipped below 182 and if the fall continues, a test to 180 can happen initially. USDJPY is trading lower within its 158-154 range. USDCNY has slipped below 7.045 and failing to Read More

FOREX The Dollar Index can decline towards 97.50-97.00 in the near term. EURUSD & EURINR can head towards 1.1800 & 106.50-107.00 respectively. EURJPY can extend higher towards 184-185 before topping out. USDJPY continues to trade within the 158-154 range. USDCNY may test support at 7.05-7.045 before staging a rebound. AUDUSD is stuck within 0.67-0.66 region. Read More

FOREX The Dollar Index and EURUSD can test 97.50–97.00 and 1.1800 respectively in the near term before pausing. EURINR has tested 106 and is hovering just below it; we need to watch whether this resistance holds. EURJPY can extend higher towards 184–185 before topping out. USDJPY continues to trade within the 154–158 range. USDCNY may Read More

FOREX The Dollar Index and EURUSD can test 97.50–97.00 and 1.1800 respectively in the near term before pausing. EURINR has tested 106 and is hovering just below it; we need to watch whether this resistance holds. EURJPY can extend higher towards 184–185 before topping out. USDJPY continues to trade within the 154–158 range. USDCNY may Read More

FOREX The FED cut the rates by 25-bps thereby bringing it down to 3.75%. The Dollar Index has turned lower as anticipated and it can test 98-97 before rebounding later. EURUSD & EURINR can head towards 1.18 & 106 in the near term. EURJPY need to sustain above 182 to rise towards 184-185. USDJPY can Read More

FOREX The US FOMC is scheduled today wherein the central bank is widely expected to lower the rates by 25 bps. The Dollar Index looks stable above 99 for now. The targets of 98-97 are kept open for now. EURUSD & EURINR are approaching the respective supports coming at 1.16 & 104 which can be Read More

FOREX The Dollar Index has recovered slightly but the targets of 98-97 are kept open for now. We retain our view on EURUSD & EURINR rising toward 1.17-1.18 & 106 respectively in the near term. EURJPY can trade within 180-182 region, while USDJPY need to see a rise past 156 to bring higher levels into Read More

FOREX The Dollar Index can extend the fall towards 98 or even 97 while it trades below 99. The EURUSD & EURINR can head towards 1.17-1.18 & 106 respectively in the near term. EURJPY can trade within 180-182 region, while USDJPY can initially test 154-153 before rebounding. USDCNY has support at 7.06 and while it Read More

FOREX The Dollar Index can extend the fall towards 98 or even 97 while it trades below 100. Watch out for the US PCE & US Personal income data releases for better clarity. The targets of 1.17-1.18 & 106 are kept open in EURUSD & EURINR while the pairs trade above 1.16 & 104 respectively. Read More