SGX Nifty Premarket

FOREX Dollar Index has risen to 100 taking Euro slightly down to 1.1223. Aussie, Pound and the Chinese Yuan trade weak against the Dollar and could target 0.6740/20, 1.29 and 7.25/30 respectively. EURJPY can target 157 as expected while USDJPY has risen to 139.30 and if it manages to break and sustain higher, it can Read More

FOREX Dollar Index seems to be falling again and can target 99 or lower while Euro is headed towards 1.13 or higher. Pound and Aussie seem to be rising again towards 1.32 and 0.69 while note that Aussie has crucial long term resistance near 0.69/0.70. EURJPY can target 156/157 soon while USDJPY is bearish below Read More

FOREX Some recovery is seen in the currencies today after the volatile movement seen last week post weak US CPI data release. Dollar Index has paused to see a slight rise from 99.578 which has paused the rally in Euro near 1.1225. It is to be seen if the rise in Euro resumes in the Read More

FOREX Lower US CPI continues to show impact on currency markets taking the Dollar sharply down. Dollar Index has broken below 100 and could soon be headed towards 99-98 while Euro has surged above 1.12 which if sustains can set to target 1.14. Pound and Aussie are also rising towards 1.34 and 0.69-0.6980 respectively. EURJPY Read More

FOREX Lower US CPI continues to show impact on currency markets taking the Dollar sharply down. Dollar Index has broken below 100 and could soon be headed towards 99-98 while Euro has surged above 1.12 which if sustains can set to target 1.14. Pound and Aussie are also rising towards 1.34 and 0.69-0.6980 respectively. EURJPY Read More

FOREX Sharp fall in the Dollar seen after the lower US CPI release where the headline inflation came out at 3.09% (Y/Y%) compared to previous 4.13% and our expectation of 3.45%. This has led to strength in most currencies against the Dollar. The Pound, Aussie and Euro has surged well and can target 1.32/34, 0.6850 Read More

FOREX Most currencies are trading strong against the Dollar which itself is heading towards support at 101 from where a bounce can be expected. Such a fall in the Dollar Index may possibly take Euro up towards 1.11-1.1145 before dragging it lower. EURJPY and USDJPY have been falling sharply but could test support near 153.40-154 Read More

FOREX Euro has strengthened as Dollar Index has broken below its support at 102.25. EURJPY and USDJPY have scope to test their immediate supports before a bounce back can happen. USDCNY can see a dip to 7.20 while it stays below 7.25. Pound looks bullish for a test of key resistance at 1.2950. Aussie and Read More

FOREX The release of softer-than-expected US NFP data has dragged the Dollar Index down and Euro up but the momentum could be short-lived because Euro could face resistance at 1.10 and Dollar can get support at 102.25. EURJPY and USDJPY have bounced back but could face resistance at 157 and 143.50 respectively. USDCNY can test Read More

FOREX Dollar Index and Euro can trade within 103-104 and 1.08-1.0975 in the near term. EURJPY has bounced well from 155.85 and needs to remain above 155 to move up slowly while USDJPY seems to be breaking below 144 which could be bearish for the upcoming sessions. USDCNY can test 7.30 while it remains above Read More