FOREX Markets seem to be placing bets on 6-rate cuts by FED in 2024 as the sentiment for the first rate cut in March intensifies, dragging down the Dollar Index to levels below 101. Euro has risen to 1.11+ which if sustains can rise to 1.12 before falling from there. EURJPY fell from 158.56 and Read More
SGX Nifty Premarket
FOREX Dollar Index has held itself quite well above 101.40, but overall view remains bearish to 101 in the near term. Euro has sustained well above 1.10 but needs to break past 1.1050 to further test 1.11 on the upside. Fall from anywhere between 1.1050-1.11 can be seen towards 1.09 or lower. While EURJPY is Read More
FOREX Dollar Index could be ranged for now but view is bearish below 102. Euro has moved above 1.10 but needs to sustain above current levels to see a further rise towards 1.11 else could decline back to 1.09 or lower. EURJPY and USDJPY if hold above their respective supports near 156 and 141, could Read More
Merry Christmas FOREX Lower than expected US GDP dragged down the Dollar Index below 102 and could soon take it down to support near 101.50 which needs to hold to produce a bounce back else could make the index vulnerable to further fall. Euro has moved up to 1.10 and we need to see price Read More
Merry Christmas FOREX Lower than expected US GDP dragged down the Dollar Index below 102 and could soon take it down to support near 101.50 which needs to hold to produce a bounce back else could make the index vulnerable to further fall. Euro has moved up to 1.10 and we need to see price Read More
Merry Christmas FOREX Lower than expected US GDP dragged down the Dollar Index below 102 and could soon take it down to support near 101.50 which needs to hold to produce a bounce back else could make the index vulnerable to further fall. Euro has moved up to 1.10 and we need to see price Read More
FOREX Most currencies seem to be trading within a range and may continue so for the rest of the week. The Dollar Index remained stable but a further break past 102.5 is needed for it to rise higher. Euro is also stable within 1.09-1.10 and could fall while below resistance at 1.10. EURJPY and USDJPY Read More
FOREX The Dollar Index holds above 102 but could have some scope for a fall to 101.50 before eventually moving higher. Euro has moved up sharpy towards 1.10 after the release of softer EU CPI. EURJPY could not sustain its rise above 158 and is back within its range of 158-154, USDJPY tested 145 as Read More
FOREX Dollar Index has moved up well above 102 and could test 103-103.50 before coming off while Euro is bearish below 1.0965 for a fall towards 1.0850/1.08. EURJPY is headed towards its upper end of the 154-158 range while USDJPY is expected to fall on testing 144/145. Aussie can rise towards 0.68 but Pound may Read More
FOREX Some recovery is seen in the currency pairs from the movements seen last week. Dollar Index has moved up well above 102 and could test 103-103.50 before coming off while Euro can test 1.0850-1.08. EURJPY looks sable within 158-154 while USDJPY can continue to trade above 141. Aussie and Pound have dipped slightly but Read More