FOREX The Dollar Index and Euro are likely to consolidate within the 98.50-99.75 and 1.1750-1.15 zones respectively while EURINR may rise towards 107/108 while above support near 105-105.50. EURJPY and USDJPY can trade within 180-185 region and 156-160 region respectively. USDCNY needs to hold above 6.85 to rise further towards 6.90/95. Aussie and Pound are Read More
SGX Nifty Premarket
FOREX Most currencies look stable today after earlier volatile sessions this week. The Dollar Index has crucial resistance at 101-101.50 which can be tested followed by a decline in the medium term. Euro can rise slowly while above 1.15 towards 1.1750. EURINR is rising towards 107/108 while above 105; EURJPY and USDJPY can trade within Read More
FOREX President Trump, yesterday, signalled that the Iran war would end soon and that the US would waive “some oil sanctions” to reduce soaring oil prices. This has lead to a reversal in the direction for all the currency pairs from what was seen yesterday morning. With the Dollar Index having fallen below 99 now, Read More
FOREX Continued escalation of war scenarios and missile strikes over the weekend and the possibility of a retaliatory strike from Iran on the UAE have ramped up crude prices which can pull up the US Dollar as well. Although the Dollar Index will not flare up like the oil prices but is likely to break Read More
FOREX The Dollar Index trades below 99 but while above 98, scope for 101-101.5 remains intact. Euro can trade between 1.15-1.1750 for now. EURINR has dipped below 107 and can trade within 106-108 region for sometime. EURJPY could head towards 185 first if it sustains above 183 contrary to our expectations of testing support near Read More
FOREX The Dollar Index trades below 99 but while above 98, scope for 101-101.5 remains intact. Euro can trade between 1.15-1.1750 for now. EURINR has dipped below 107 and can trade within 106-108 region for sometime. EURJPY could head towards 185 first if it sustains above 183 contrary to our expectations of testing support near Read More
FOREX Most currency pairs have recovered from the sharp movements seen over the last 2 days. There can be mild stability just now before again moving sharply in the medium term. The Dollar Index has recovered to dip below 99 but while above 98, scope for 101-101.5 remain intact. Euro can trade between 1.15-1.1750 for Read More
FOREX The Dollar Index rallied yesterday on geopolitical stress and crisis in Iran. But whether this would hold and take the index further up towards 101+ is to be seen. EURUSD has declined on a strong Dollar and could test 1.14 soon as the Dollar index rallies towards 101+. EURINR looks weak and can test Read More
FOREX Escalating war scenarios in the middle east over the weekend has led to a surge in precious metals and Crude oil prices, weakening the dollar slightly. The DXY tested 98.09 initially but has dipped due to rising commodity prices. This has in turn led to a rise in the Euro which can test 1.18-1.1850 Read More
FOREX Escalating war scenarios in the middle east over the weekend has led to a surge in precious metals and Crude oil prices, weakening the dollar slightly. The DXY tested 98.09 initially but has dipped due to rising commodity prices. This has in turn led to a rise in the Euro which can test 1.18-1.1850 Read More