SGX Nifty Premarket

FOREX The Dollar Index and Euro can trade within 106.50-105/104 and 1.0650-1.0750/08 respectively while Dollar-Yen and EURJPY are bullish towards 162 and 173/174. Aussie & Pound have risen well but remain within the sideways range of 0.6580-0.6720 and 1.26-1.28 respectively. USDCNY is nearing our target of 7.28 from where an initial dip looks possible. EURINR Read More

FOREX The lower US ISM manufacturing data release led the Dollar index to decline and the Euro to strengthen a bit but the movement was short-lived. The Dollar Index and Euro can trade within the range of 106.50-105/104 and 1.0650-1.0750/08 respectively for some time. Dollar-Yen and EURJPY can soon test upper targets of 162 and Read More

FOREX The first round of French Election results led the Euro to rise past 1.07 and the Dollar Index to slip below 106. Dollar-Yen and EURJPY are headed towards 162 and 173/174 respectively and can see bullishness in the absence of any intervention from the BOJ. Aussie & Pound continue to trade sideways within 0.6580-0.6720 Read More

FOREX The Dollar Index and Euro can head towards 106.30-106.50 and 1.0650 respectively. Watch out for the US PCE data release scheduled today for better clarity in the view. Dollar-Yen and EURJPY are headed towards 162 and 173/174 respectively and can see bullishness in the absence of any intervention from the BOJ. Aussie & Pound Read More

FOREX The Dollar Index and Euro can head towards 106.30-106.50 and 1.0650 respectively. Watch out for the US PCE data release scheduled today for better clarity in the view. Dollar-Yen and EURJPY are headed towards 162 and 173/174 respectively and can see bullishness in the absence of any intervention from the BOJ. Aussie & Pound Read More

FOREX The Dollar Index tested 106.13 as the Euro weakened below 1.07 after the ECB council meeting and on remarks of more rate cuts by ECB chief economist. Euro could test 1.0650 or even 1.06 going forward. Dollar-Yen and EURJPY are attempting to rise towards 161/162 and 172 respectively and can see bullishness on the Read More

FOREX The Dollar Index and Euro can remain ranged within 104.70/105-106.30/50 and 1.0750-1.0650 region for a while. The dollar-yen and EURJPY attempt to rise back towards 160 and 172 respectively. Watch price action closely around the current levels. Aussie & Pound continue to trade within 0.6580-0.6720 and 1.26-1.28 region. USDCNY is bullish towards 7.28 while Read More

FOREX The dollar weakened on Euro and Yen strength yesterday after dovish comments from Chicago Fed President Goolsbee asking FED to be watchful on the tight-monetary policy. The downside could be limited to 105-104.70 for the Dollar Index while the Euro can rise towards 1.0750. Dollar-Yen tested 159.92 yesterday but dipped back amid verbal intervention Read More

FOREX After the higher-than-expected US Existing Home Sales data release, Dollar Index rose sharply to test 105.915 on the upside. EURUSD on the other hand is declining as expected and can test 1.0650 on the downside. Dollar-Yen and EURJPY are nearing our expected targets of 160 and 171 respectively. Watch price action closely around current Read More

FOREX Despite some negative US data releases Dollar Index continues to remain strong and surged past 105.50 as the SNB went ahead with the rate cut of 25bps and BOE kept the rates unchanged at 5.25%. EURUSD on the other hand is trading lower within its range of 1.0650-1.0750. Dollar-Yen and EURJPY have risen above Read More