SGX Nifty Premarket

FOREX The ECB as widely expected lowered the refinancing rate by 25 bps, bringing it down to 2.15%. Dollar Index and Euro can target 98-96 and 1.15-1.16 respectively in the near term. EURINR, above 97/96 looks bullish towards 99-100 levels. EURJPY is trading higher within the 160-165 region. USDJPY below 145, can fall back towards Read More

FOREX The ECB as widely expected lowered the refinancing rate by 25 bps, bringing it down to 2.15%. Dollar Index and Euro can target 98-96 and 1.15-1.16 respectively in the near term. EURINR, above 97/96 looks bullish towards 99-100 levels. EURJPY is trading higher within the 160-165 region. USDJPY below 145, can fall back towards Read More

FOREX The Dollar Index is trading below 99 and the targets of 98-96 are kept open for now. The Euro above 1.14 can ascend towards 1.15/16. Similarly, EURINR if sustains above current levels, can extend the ongoing rise to 99-100 levels. EURJPY continues to trade within the 165-160 region. USDJPY has declined as anticipated and Read More

FOREX The Dollar Index while trades below 100-101, can be vulnerable to fall towards 98-96. The Euro and EURINR, while trades above 1.13 and 97 respectively, can ascend towards 1.15-1.16 and 98-99 levels. EURJPY continues to trade within the 160-165 region. USDJPY has risen a bit but faces immediate resistance at 144.50-145.00 below which a Read More

FOREX The Dollar Index is coming off as anticipated and can head towards the target of 98-96. The Euro and EURINR have risen past 1.14 and 97.50 respectively and if sustained can ascend towards 1.15-1.16 and 98-99 levels. EURJPY continues to trade within the 160-165 region. USDJPY has been coming off and while below 145, Read More

FOREX The Dollar Index below 101-100 can fall to 98-96. The Euro on a break past 1.14 can ascend towards 1.15-1.16 levels. EURINR needs to sustain 97 to test 98-99 levels. EURJPY continues to trade within the 165-160 region. USDJPY has been coming off and can fall towards 142 or even 140 before halting. AUDUSD Read More

FOREX The Dollar Index fell to 99.21 after a federal court reinstated most tariffs. For now, while below 101-100, a fall to 98-96 looks likely to happen. The Euro has risen past 1.13 again and if sustained can head towards 1.15-1.16 levels. EURINR needs to break past 97 to head towards 98-99 levels. Till then, Read More

FOREX The Dollar Index fell to 99.21 after a federal court reinstated most tariffs. For now, while below 101-100, a fall to 98-96 looks likely to happen. The Euro has risen past 1.13 again and if sustained can head towards 1.15-1.16 levels. EURINR needs to break past 97 to head towards 98-99 levels. Till then, Read More

FOREX The Court of International Trade on Wednesday blocked President Donald Trump’s tariffs from going into effect. As a result, The Dollar Index rose to 100.54, and the Euro slipped to 1.1210. A decisive break above 100.50 could lift the Index to 101-102. The Euro may fall to 1.11-1.10 if it breaks below 1.12. Immediate Read More

FOREX The Dollar Index gained strength after the stronger US Consumer Confidence release at 98. Still, while below 101 the targets of 98-96 are kept open. EURUSD has declined a bit but we retain our bullish view while it trades above 1.1300-1.1270. EURINR is moving within a narrow range of 97.50-96.50. EURJPY can broadly remain Read More