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
SGX Nifty Premarket
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
FOREX Small uptick in US initial jobless claims (204k from earlier 202k), stable US GDP (Q/Q% an Y/Y%) and lower German inflation (4.5% Y/Y% from earlier 6.1%) have led to a softer Dollar Index as Euro has risen and could lead to a test of 105.50 on the index and 1.06 or slightly higher on Read More
FOREX Small uptick in US initial jobless claims (204k from earlier 202k), stable US GDP (Q/Q% an Y/Y%) and lower German inflation (4.5% Y/Y% from earlier 6.1%) have led to a softer Dollar Index as Euro has risen and could lead to a test of 105.50 on the index and 1.06 or slightly higher on Read More
FOREX Small uptick in US initial jobless claims (204k from earlier 202k), stable US GDP (Q/Q% an Y/Y%) and lower German inflation (4.5% Y/Y% from earlier 6.1%) have led to a softer Dollar Index as Euro has risen and could lead to a test of 105.50 on the index and 1.06 or slightly higher on Read More
FOREX Dollar Index continues to remain bullish towards 107-108. Euro, Pound and EURJPY look bearish for a fall towards 1.0450-1.04, 1.21/20 and 156 respectively. USDJPY can move up towards 150-152 before pausing the rally. Aussie can fall to 0.63 while below 0.6450. USDCNY can rise slowly towards 7.35 while USDRUB can move up within 94-98 Read More
FOREX News stated that Neel Kashkari, a Federal Reserve policymaker, opined that the robust U.S. economy warranted another interest rate hike, holding it “higher for longer” to bring inflation back to the 2% mark. This aided the rise in the Dollar Index which can continue to rise towards 107-108. Euro, Pound, Aussie, EURJPY all look Read More
FOREX Dollar Index breaks above the resistance at 106 and drags down Euro below 1.06. It is to be seen if the break sustains as it could bring in fresh targets of 107 and 1.05 for the Dollar index and Euro respectively. EURJPY remains ranged while USDJPY can move up towards 149-150. USDCNY and USDRUB Read More