SGX Nifty Premarket

FOREX The Dollar Index is likely to trade within 99-101 range. Watch for FOMC policy meeting tonight where the FED is expected to keep rates unchanged. Euro has risen but could limit it’s upside to 1.1550-1.16 before declining back to 1.14 later. EURINR has risen as expected and may continue to rise towards 107/108 while Read More

FOREX The Dollar Index is holding below immediate resistance near 100.54 but the current dip could pause at 99 for a bounce back towards 101-101.50. Euro has risen but could limit it’s upside to 1.1550-1.16 before declining back to 1.14. EURINR has risen as expected and may continue to rise towards 107/108 while above support Read More

FOREX Tensions in the Middle East continue to trigger safe-haven dollar demand, taking the Dollar Index to 100.54. With immediate support at 99, there is scope for a rise to 101-101.50 soon. The Euro may test 1.14/1.13 with upside limited to 1.16. EURINR may hold above 105.50 and rise towards 107. A range of 105-107 Read More

FOREX The Dollar Index and Euro are likely to test 100 and 1.15 respectively but thereafter will it reverse back to previous levels or see a breakout is uncertain. EURINR may rise towards 107/108 while above support near 105-105.50. EURJPY can trade within 180-185 region while USDJPY has almost reached to test 160.  USDCNY needs Read More

FOREX The Dollar Index and Euro are likely to test 100 and 1.15 respectively but thereafter will it reverse back to previous levels or see a breakout is uncertain. EURINR may rise towards 107/108 while above support near 105-105.50. EURJPY can trade within 180-185 region while USDJPY has almost reached to test 160.  USDCNY needs Read More

FOREX The Dollar Index and Euro are likely to consolidate within the 98.50-99.75 and 1.1750-1.15 zones respectively while EURINR may rise towards 107/108 while above support near 105-105.50. EURJPY and  USDJPY can trade within 180-185 region and 156-160 region respectively.  USDCNY needs to hold above 6.85 to rise further towards 6.90/95. Aussie and Pound are Read More

FOREX Most currencies look stable today after earlier volatile sessions this week. The Dollar Index has crucial resistance at 101-101.50 which can be tested followed by a decline in the medium term. Euro can rise slowly while above 1.15 towards 1.1750. EURINR is rising towards 107/108 while above 105; EURJPY and USDJPY can trade within Read More

FOREX President Trump, yesterday, signalled that the Iran war would end soon and that the US would waive “some oil sanctions” to reduce soaring oil prices. This has lead to a reversal in the direction for all the currency pairs from what was seen yesterday morning. With the Dollar Index having fallen below 99 now, Read More

FOREX Continued escalation of war scenarios and missile strikes over the weekend and the possibility of a retaliatory strike from Iran on the UAE have ramped up crude prices which can pull up the US Dollar as well. Although the Dollar Index will not flare up like the oil prices but is likely to break Read More

FOREX The Dollar Index trades below 99 but while above 98, scope for 101-101.5 remains intact. Euro can trade between 1.15-1.1750 for now. EURINR has dipped below 107 and can trade within 106-108 region for sometime. EURJPY could head towards 185 first if it sustains above 183 contrary to our expectations of testing support near Read More