FOREX Weaker US ADP Employment release and the uncertainty due to the tariffs led Dollar Index to extend the fall towards 104.115. Immediate support is coming around 104, while it holds preferred view is to see a bounce back higher. Euro tested the target of 1.08 and as the ECB is scheduled today, it might Read More
SGX Nifty Premarket
FOREX Commission President Ursula von der Leyen’s announcement of a €650 billion defence fund. Asa result, Dollar Index slipped to the support near 105.50 region. The Index could still be vulnerable to fall towards 104.50 if it fails to sustain above 105.50 region. Euro has surged significantly past 1.0550 and a confirmed break past 1.0650 Read More
FOREX Dollar Index extended the fall further, but the downside is anticipated to be limited to 105.50. Euro has resistance at 1.0550, below which a range of 1.0550-1.0350 can hold for now. EURINR is rising within its range of 90.50-92.00. USDJPY can remain ranged within 152-148 for now. EURJPY has again declined sharply towards the Read More
FOREX Europe is taking the lead in a renewed push for peace in Ukraine. As a result, Dollar Index has declined a bit. Overall, downside could be limited to 106.00-105.50 and a rise past 107.70 will be needed to head towards 108. Euro has interim resistance at 1.045, break past which can only bring 1.0500-1.0550 Read More
FOREX Trump confirmed that his proposed 25% tariffs on Mexico and Canada will take effect on Mar 4. Dollar Index has risen past 107 and can head towards 108 as well. Euro has broken below 1.0450 and price action around 1.0350 would be important to see whether it holds or falls further. EURINR is nearing Read More
FOREX Trump confirmed that his proposed 25% tariffs on Mexico and Canada will take effect on Mar 4. Dollar Index has risen past 107 and can head towards 108 as well. Euro has broken below 1.0450 and price action around 1.0350 would be important to see whether it holds or falls further. EURINR is nearing Read More
FOREX Dollar Index needs a strong break past 107 to rise further. Else it can be vulnerable to fall towards 105.50-105.00. Euro is nearing the immediate support around current levels. Preferred view is to see a bounce back towards 1.0550. EURINR can trade within its narrow region of 90.50-91.50/92.00. USDJPY has limited upside to 152 Read More
FOREX The Trump’s statement of tariffs on Mexico and Canada would proceed as planned led Dollar Index to limit the fall to 160.12. Still a strong break past 107 will be needed to turn bullish in the near term. Euro is nearing the immediate support around 1.0450. EURINR can trade within its narrow region of Read More
FOREX The Trump’s statement of tariffs on Mexico and Canada would proceed as planned led Dollar Index to limit the fall to 160.12. Still a strong break past 107 will be needed to turn bullish in the near term. Euro is nearing the immediate support around 1.0450. EURINR can trade within its narrow region of Read More
FOREX The Dollar Index extended the fall to 106.13 after the Germany’s Election results. A decisive break below 106 can open the doors for 105.50-105.00 on the downside. Euro if sustained above 1.05, can head towards 1.06. EURINR is rising higher within a narrow region of 90.50-91.50. USDJPY has limited upside to 152 and can Read More