FOREX USDJPY has broken above 162.85 to trade at all time highs since 1986. It can target 164.50-165 if the rise sustains, pulling EURJPY towards 187/188 on a break above 186. However, markets remain cautious for any intervention from the BOJ to reduce the pace of currency weakness. Dollar Index has broken above 101 and Read More
SGX Nifty Premarket
FOREX The Dollar Index is testing 101; a break can lift it to 101.50-102, while failure may pull it back to 100.50. Safe-haven demand from US-Iran tensions and oil-linked inflation risk keeps the dollar supported, with the ECB meeting a key watch for EUR crosses this week. EURUSD may bounce from 1.14 while USDJPY needs Read More
FOREX Risks of an escalating US-Iran conflict pose some threat for the Dollar Index to hold on to 101 and start rising higher in the near term in which case the other major currencies may weaken against the Dollar. Euro may come off towards 1.1350, USDJPY could break above 162.85 to head towards 163/165 target Read More
FOREX Dollar Index is recovering towards 101, pressuring EURUSD towards 1.14/1.1370. EURINR holds below 111, while USDJPY stays bullish above 161.50 to target 163/165. EURJPY needs a break past interim resistance at 186.32 to rise towards 188 while USDCNY needs to hold above 6.77 for 6.78-6.7850. Aussie and Pound look weak while below 0.70 and Read More
FOREX Dollar Index is recovering towards 101, pressuring EURUSD towards 1.14/1.1370. EURINR holds below 111, while USDJPY stays bullish above 161.50 to target 163/165. EURJPY needs a break past interim resistance at 186.32 to rise towards 188 while USDCNY needs to hold above 6.77 for 6.78-6.7850. Aussie and Pound look weak while below 0.70 and Read More
FOREX The Dollar Index fell after the softer US PPI but has bounced back and may hold above 100.30/100.00 before rising towards 101 or higher. EURUSD may dip back towards 1.14, while EURINR, if below 111, can fall to 109.50-109. Dollar-Yen may remain range-bound, and EURJPY needs to hold below 186 to fall towards 185/184. Read More
FOREX Lower US CPI print for Jun-26 (in line with market expectations) has pulled down the Dollar Index against other major currencies today. The dollar index can bounce back from 100.40, but the dip over yesterday has led the Euro, Aussie, Pound, and Yen to strengthen against the dollar temporarily. All the mentioned currencies can Read More
FOREX The Dollar Index trades stable ahead of the US CPI and PPI data releases and could be seen to trade within 100.40-102 region keeping Euro above 1.1370 for now with a possible gradual decline to 1.13 later. EURINR may rise on expected rise in the USDINR towards 96 while the USDJPY could reflect the Read More
FOREX Fresh attacks between US and Iran over the weekend and Iran calling the Strait of Hormuz closed has led to a stronger Dollar against major currencies. We expect Dollar Index to fluctuate within 100.40-102 for the coming sessions while Euro can test 1.1350/1.13 on a break below 1.1370. The markets await the US CPI Read More
FOREX The Dollar Index is struggling to break above 102 and could ease towards 100, while EURUSD is expected to stay within 1.1370-1.1470 until a clear breakout. EURINR holds support near 109/108.70 and may rise towards 109.50-110. USDJPY could dip towards 161 before resuming its broader upside towards 163/165, while EURJPY may remain confined within Read More
