FOREX Lower US CPI release yesterday aided a rise in the US Dollar. Dollar Index and Euro may now trade within 105.50-107 and 1.0650-1.05 in the near term. Aussie and Pound have fallen sharply from respective resistances and could remain raged within 0.6450-0.63 and 1.2350-1.21 respectively in the coming week where the mentioned upper and Read More
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FOREX Dollar Index and Euro may test 105.50 and 1.0650 from where a possible near term reversal could be seen. Aussie and Pound may hold and reverse from resistances near 0.6450 and 1.2350 respectively. EURJPY has broken above 158 and could rise towards 159-160 if it manages to sustain above 158.70. USDJPY has support at Read More
FOREX Dollar Index has dipped below 106 but has to face 105.50 yet from where a bounce could still be possible. Euro is above 1.06 and needs to sustain to slowly move higher towards 1.0650+. Aussie and Pound may test resistance near 0.6450 and 1.23-1.2350 respectively. It would be important to see if the levels Read More
FOREX Dollar Index has dipped to test support near 106-105.50 from where a bounce is needed for the index to strengthen else a further decline could be seen towards 105 or lower. Euro has resistance near 1.06. Aussie and Pound may test resistance near 0.6450 and 1.2250-1.23 respectively. EURJPY fell sharply from resistance at 158 Read More
FOREX After the higher than expected US NFP data release, the Dollar Index surged to 107 while the Euro fell but both have now recovered. Dollar Index has support at 106 which if holds can take it higher while Euro may trade within 1.05-1.06. Aussie and Pound may test resistance near 0.64-0.6450 and 1.2250-1.23 respectively. Read More
FOREX Dollar Index and Euro are headed towards 106-105.90 and 1.06-1.0650 before a pause or reversal is seen. Aussie and Pound may move up for a few more sessions towards 0.64-0.6420 and 1.22 before a reversal is seen. EURJPY can be ranged within 155-158 while USDJPY has scope to rise while above support at 148. Read More
FOREX Dollar Index and Euro are headed towards 106-105.90 and 1.06-1.0650 before a pause or reversal is seen. Aussie and Pound may move up for a few more sessions towards 0.64-0.6420 and 1.22 before a reversal is seen. EURJPY can be ranged within 155-158 while USDJPY has scope to rise while above support at 148. Read More
FOREX US ADP employment data yesterday came out at 89k, lower than the earlier 180k and market expectation of 155k, pulling down Dollar Index to levels below 107. Similarly, a lower US NFP data if seen tomorrow will be able to bring down Dollar Index towards 106 or slightly lower. Euro can test 1.06-1.0650 before Read More
FOREX US ADP employment data today and NFP tomorrow would be crucial to watch. A rise in the ADP employment data if seen today can aid further Dollar strength and could take Euro lower else we may expect a short reversal. Overall Dollar Index and Euro could trade within 108-107 and 1.05-1.04. Pound, Aussie and Read More
FOREX A stronger US ISM manufacturing and ISM employment index and stable EU PMI together has aided a rise in the Dollar index while Euro has plunged. We may now expect 108 on the index and 1.04 on the Euro to hold and produce a reversal. Pound, Aussie and EURJPY have all fallen on Dollar Read More