SGX Nifty Premarket

FOREX The Dollar Index has immediate support around 107, above which it can bounce back again towards 108-108.50. Euro and EURINR are rising but have limited upside to 1.0500-1.0550 and 89.00-89.50 respectively for now. Aussie has risen well and if sustained, can test our mentioned target of 0.6300-0.6350 in the coming sessions. Pound is back Read More

FOREX The outlook on most currencies looks uncertain as there is no directional clarity for the medium term. Most of them have breached crucial supports/resistances and need to sustain to confirm the medium-term direction. The Dollar Index has extended to 108.485 on the stronger US GDP release, the Euro is trading below 1.04 with the Read More

FOREX The outlook on most currencies looks uncertain as there is no directional clarity for the medium term. Most of them have breached crucial supports/resistances and need to sustain to confirm the medium-term direction. The Dollar Index has extended to 108.485 on the stronger US GDP release, the Euro is trading below 1.04 with the Read More

FOREX FED cut a 25 bps rate cut which was widely expected but the comment that they would go slowly on future rate cuts next year given a stable labor market and inflation led to Dollar strength contrary to our expectations. The Dollar Index tested 108.26 before declining a bit from there while Euro came Read More

FOREX The Dollar Index looks stable above the support of 106.75 for now but the upside is likely to be capped at 108. A break below 106.75 can strike in further bearishness. Euro needs to see a break past 1.0530/50 to head towards 1.0600 in the coming sessions. EURINR needs to see a decisive break Read More

FOREX The Dollar Index is hovering near the support around 106.75, a decisive break below which can take it to 106.00 or even lower. Euro if sustains the ongoing rise, can test 1.0550-1.0600 in the coming sessions. EURINR needs to see a decisive break on either side of the range of 88-90 for further directional Read More

FOREX Dollar Index failed to sustain its rise past 107 and slipped below it. The index can have an upside limited to 108 and either upon testing it or from current levels itself, it can start falling back. Euro if sustains the ongoing rise, can test 1.0550-1.0600 in the coming sessions. EURINR needs to see Read More

FOREX ECB went ahead with the 25 bps rate cuts, thereby bringing the refinancing rate to 3.15%. As a result, Dollar Index rose past 107 which if sustained can test 108 as well before getting topped out. Euro continues to trade below 1.05 but the downside is expected to be limited to 1.0450-1.0400. EURINR is Read More

FOREX ECB went ahead with the 25 bps rate cuts, thereby bringing the refinancing rate to 3.15%. As a result, Dollar Index rose past 107 which if sustained can test 108 as well before getting topped out. Euro continues to trade below 1.05 but the downside is expected to be limited to 1.0450-1.0400. EURINR is Read More

FOREX The Dollar Index can head towards 107-108 in the near term if sustained above 106.75. Euro had slipped below 1.05 yesterday. If the ECB goes ahead with rate cuts today, it can extend the fall towards 1.0450 or even lower. The upside seems to be capped at 1.0550-1.0600. EURINR is coming off within its Read More