FOREX The Dollar Index faces immediate resistance at 99. While the resistance holds, a range of 99-96 can continue to hold. The Euro can target 1.18/19 while staying above 1.16, and EURINR continues to consolidate between 103.50-105.00. EURJPY is oscillating near the resistance at 176. Need to see whether it extends the rise or not. Read More
SGX Nifty Premarket
FOREX Sanae Takaichi was elected as Japan’s next Prime Minister. Her victory signals a likely continuation of Japan’s expansionary fiscal and ultra-loose monetary policies. The Dollar Index rose slightly but remains within the 96-99 range for now. The Euro can target 1.18/19 while staying above 1.17, and EURINR may consolidate between 103.50-105.00. EURJPY tested 175 Read More
FOREX The Dollar Index faces resistance at 98.30 and 99 region, below which the range of 99-97/96 is likely to persist for some time. The Euro can target 1.18/19 while above 1.17, while EURINR can consolidate between 103.50-105.00 region. EURJPY needs to sustain above current levels to extend the rise to 174/75 as well. Similarly, Read More
FOREX The Dollar Index faces resistance at 98.30 and 99 region, below which the range of 99-97/96 is likely to persist for some time. The Euro can target 1.18/19 while above 1.17, while EURINR can consolidate between 103.50-105.00 region. EURJPY needs to sustain above current levels to extend the rise to 174/75 as well. Similarly, Read More
FOREX The Dollar Index is likely to decline further within its 99-97/96 range. The Euro & EURINR can head towards 1.18/19 and 105 or higher in the near term. EURJPY can either test 173 or 172 before rebounding later. USDJPY has immediate support coming around 147.00-146.50 which can be tested if the fall extends further. Read More
FOREX The Dollar Index is likely to decline further within its 99-97/96 range. The Euro & EURINR can head towards 1.18/19 and 105 or higher in the near term. EURJPY can either test 173 or 172 before rebounding later. USDJPY has immediate support coming around 147.00-146.50 which can be tested if the fall extends further. Read More
FOREX The Dollar Index continues to hold the 99-97/96 range for now. The Euro & EURINR looks bullish towards 1.18/19 and 105 or higher in the near term. EURJPY needs to sustain above 174 to head towards 176, else it can be vulnerable to test 173 initially. USDJPY can test 148 or slightly lower levels Read More
FOREX The Dollar Index can decline further within its 99-97/96 range. While Euro & EURINR have scope to head towards 1.18/19 and 105 or higher in the near term. EURJPY on a break past 175 can head towards 176 and above in the coming sessions. USDJPY started coming off from 150 itself and if the Read More
FOREX Stronger US GDP & Durable goods supported the strength in Dollar yesterday. The Dollar Index and Euro faces immediate resistance at support at 99 and 1.16 respectively. The EURINR while above 103.50 can remain ranged within 103.50-105.00. EURJPY on a break past 175 can head towards 176-178, else can fall back towards 172. USDJPY Read More
FOREX Stronger US GDP & Durable goods supported the strength in Dollar yesterday. The Dollar Index and Euro faces immediate resistance at support at 99 and 1.16 respectively. The EURINR while above 103.50 can remain ranged within 103.50-105.00. EURJPY on a break past 175 can head towards 176-178, else can fall back towards 172. USDJPY Read More