FOREX The ECB kept rates unchanged but did not mention anything on rate cuts in 2024, in contrary to the dovish tone from the FED a day before. ECB expects inflation to rebound again and keep price pressure intact. The rally in Euro and fall in Dollar Index seen after the FOMC has remained intact Read More
SGX Nifty Premarket
FOREX The ECB kept rates unchanged but did not mention anything on rate cuts in 2024, in contrary to the dovish tone from the FED a day before. ECB expects inflation to rebound again and keep price pressure intact. The rally in Euro and fall in Dollar Index seen after the FOMC has remained intact Read More
FOREX Sharp decline in the Dollar Index after the FOMC meeting where the FED kept rates unchanged but has indicated an end of rate hike cycle and three rate cuts in 2024. Dollar index has plunged to levels below 103, support levels of 102.50-102-101.50 come into the picture again. Euro is headed towards 1.0950-1.0975 from Read More
FOREX Dollar Index is trading within 103-104.50 region while Euro is bearish towards 1.07 while below 1.0850. US FOMC meeting tonight would be crucial to watch. Upside could be limited for EURJPY and USDJPY as they have immediate resistances at 158 and 147 below which view is bearish. Aussie and Pound are in a sideways Read More
FOREX Dollar Index is trading around 104 and needs to move on either direction from here to give further clarity on whether it would rise towards 106 or fall to 103/102 again. Euro trades below 1.08 and has fair scope to fall to 1.0650. EURJPY and USDJPY have dipped again and could be bearish for Read More
FOREX US NFP data came out higher at 199k from the previous 150k seen in Oct-23 release. Dollar Index trades slightly higher but needs to sustain above 104 to keep the upside intact to target 106 else can come back within the 102-104 range. Euro trades below 1.08 and has fair scope to fall to Read More
FOREX Hint of a policy shift from the Bank of Japan pulled down USDJPY towards 141.60, weakening the US Dollar against other major basket of currencies and taking Euro slightly higher. However, the US NFP data today would be crucial to keep volatility intact in the currencies for a few more sessions. Dollar Index trades Read More
FOREX Hint of a policy shift from the Bank of Japan pulled down USDJPY towards 141.60, weakening the US Dollar against other major basket of currencies and taking Euro slightly higher. However, the US NFP data today would be crucial to keep volatility intact in the currencies for a few more sessions. Dollar Index trades Read More
FOREX Dollar Index if sustains above 104, can rally towards 106 pulling down Euro to 1.07/1.06 and taking USDJPY back towards 148 from support at 146. EURJPY has fallen to immediate support at 158 and needs to bounce back from here to prevent further fall to 157/156; else can head towards 156 soon. USDCNY is Read More
FOREX Dollar Index needs to rise and sustain above 104 to maintain its bullishness else a fall back to 102.50 can be seen. Euro has broken below 1.08 and could be bearish to 1.07-1.06 if the Dollar Index rises past 104. EURJPY failed to rise past 160 and is headed towards 158. Dollar Yen is Read More