FOREX The BOE and FED both went ahead with the 25 bps rate cuts each which were widely expected. The Dollar Index is trading lower within its range of 150.50/60-103. Euro, if sustained above current levels, can head towards 1.0850 or higher in the near term. EURINR has bounced well from the support around 90 Read More
SGX Nifty Premarket
FOREX The BOE and FED both went ahead with the 25 bps rate cuts each which were widely expected. The Dollar Index is trading lower within its range of 150.50/60-103. Euro, if sustained above current levels, can head towards 1.0850 or higher in the near term. EURINR has bounced well from the support around 90 Read More
FOREX The Dollar strengthened against major currencies after the victory of the Republican Donald Trump in the US Presidential Elections. The index has immediate resistance around 105.50/60 below which it can move lower within its range of 150.50/60-103. Euro, if sustained above current levels, can head towards 1.08 or higher in the near term. EURINR Read More
FOREX The early polls which showed Trump taking the lead led to the strengthening of the Dollar against most of the currencies. The index continues to remain volatile within the 105-103 range. Euro and EURINR witnessed a sharp fall from the level of 1.0936 and 92 respectively. A range of 1.0900-1.0750 and 91.50-90.50 can hold Read More
FOREX The Dollar Index remains volatile amid the speculations across markets on the US Elections. We may expect fluctuation within the 105-103 range in the near term. Euro failed to hold above 1.09 and has dipped instead. A range of 1.09-1.0775 can hold for some more time till we get some directional clarity by end Read More
FOREX The Dollar Index remains volatile amid the speculations across markets on the US Elections. The Index can remain volatile within 105-103 in the near term. Euro on the other hand is nearing the upper end of its range of 1.0775-1.0850/09, a rise past which will be needed to become bullish further. EURINR has risen Read More
FOREX The Dollar Index initially rose to the high of 104.43, led by stronger US ADP Employment release but later started coming on lower-than-expected US GDP. Only a sustained rise past 104.50 can take it higher towards 105-105.50. Overall, the view remains bearish towards 103.00-102.50. Euro and EURINR have risen well within the respective ranges Read More
FOREX The Dollar Index initially rose to the high of 104.43, led by stronger US ADP Employment release but later started coming on lower-than-expected US GDP. Only a sustained rise past 104.50 can take it higher towards 105-105.50. Overall, the view remains bearish towards 103.00-102.50. Euro and EURINR have risen well within the respective ranges Read More
FOREX The Dollar Index initially rose to the high of 104.43, led by stronger US ADP Employment release but later started coming on lower-than-expected US GDP. Only a sustained rise past 104.50 can take it higher towards 105-105.50. Overall, the view remains bearish towards 103.00-102.50. Euro and EURINR have risen well within the respective ranges Read More
FOREX The Dollar Index tested 104.636 on stronger US Case Schiller and Consumer Confidence data but came off thereafter. Only a sustained rise past 104.50 can take it higher towards 105-105.50. Overall, the view remains bearish towards 103.00-102.50. Euro, Pound and EURINR have risen well within the respective ranges of 1.0775-1.0850/09, 1.2900-1.3150 and 90.50/90-91.50 which Read More