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FOREX The Dollar Index continues to remain ranged within 104.50-103.60 region. Watch US NFP and Unemployment data releases scheduled today. Euro tested 1.09 as expected before coming down. EURJPY and USDJPY are moving higher within their respective ranges of 168-170 and 154-156.50. USDCNY may remain stable below 7.25. Aussie and Pound are trading below their Read More

FOREX Lower US ADP Employment rate led to fall in the Dollar Index towards 104. The Index can trade within 104.50-104 for the next few sessions while Euro is headed towards 1.09 which if breaks on the upside can extend to 1.0930/50 before coming off again within the 1.09-1.08 range. EURJPY and USDJPY looks ranged Read More

FOREX The Dollar Index below 104.50-105, looks bearish to 103 in the near term. Euro can rise to 1.10 if the Dollar weakens as expected. EURJPY and USDJPY have come off a bit as the Yen strengthens against Dollar. Now whether the fall gets extended to 168-167 and 152 respectively or gets halted around current Read More

FOREX The Dollar Index post weaker US ISM Manufacturing data release fell sharply to test 104 and now it needs to be seen whether the fall gets extended to 103 or not. Euro on the other hand shot up even past our expected resistance near 1.09 and now if sustained, can head towards 1.10 in Read More

FOREX The Dollar Index continues to remain volatile within its range of 104.50-105.50. Euro tested 1.082 on Friday before coming down. Unless a strong break past 1.09 is seen, it can move within the range of 1.08-1.09. EURJPY and USDJPY need to sustain above 170 and 157 respectively to test 172 and 159-160 on the Read More

FOREX After the second estimate for US QoQ GDP came lower than previous one to 1.24%, The dollar Index had declined a bit. Now, while Index holds above 104.50, a range of 104.50-105.50. Euro on the other hand can move within the range of 1.0850-1.08/0790. While EURJPY looks bearish towards 168, USDJPY can test 156 Read More

FOREX After the second estimate for US QoQ GDP came lower than previous one to 1.24%, The dollar Index had declined a bit. Now, while Index holds above 104.50, view remains bullish towards 106-106.50. Euro on the other hand can move within the range of 1.09-1.08. While EURJPY looks bearish towards 168-167, USDJPY can test Read More

FOREX The dollar Index has risen above 105 and Euro has slipped slightly below 1.08. Now if the rise in Index gets further extended to 106-106.50, then Euro would be vulnerable to test 1.0750-1.07 or lower on the downside. While EURJPY has faced rejection from the high of 170.80, USDJPY has sustained well above 157 Read More

FOREX The dollar Index bounced back from 104.34 after the US Consumer confidence data was released higher than expected. A rise towards 105 or higher looks possible in the near term. The Euro has fallen from levels below 1.09 and could sustain within 1.08-1.09 for a while. EURJPY looks bullish towards 171/172 while USDJPY has Read More

FOREX The dollar Index needs to bounce back from current levels to test 105+ on the upside, else it can fall towards 104, while Euro is headed towards 1.09. EURJPY looks bullish towards 172 while USDJPY looks muted below 158/157. USDCNY is headed towards 7.25/26. Aussie and Pound can soon rise to 0.67 and 1.28 Read More