FOREX The Dollar Index is struggling to break above 102 and could ease towards 100, while EURUSD is expected to stay within 1.1370-1.1470 until a clear breakout. EURINR holds support near 109/108.70 and may rise towards 109.50-110. USDJPY could dip towards 161 before resuming its broader upside towards 163/165, while EURJPY may remain confined within Read More
SGX Nifty Premarket
FOREX Fresh strikes between the US and Iran once again seem to gain dominance, overall impacting the price movements. However, the Dollar Index and Euro are expected to remain in a range for the near term between 100.40-101.40 and 1.1370-1.1470 region, with some chances of the Dollar Index rising to 102 and the Euro testing Read More
FOREX Fresh attacks reported in the Strait of Hormuz have led the Dollar to gain against most major currencies. Rise in the Dollar Index towards 101.50-102 can drag the Euro down to 1.1350-1.13. The Yen is overall in depreciating mode, targeting 163/164. EURJPY is headed towards 186, triggered by Yen weakness. USDCNY can face rejection Read More
FOREX The Dollar Index looks ranged within the 101-100.50 region for now who may break higher to test 102 eventually. This could take the Euro to 1.1475/80 initially before falling to 1.14/1.1380. USDJPY has scope to rise to 162/163 while markets expect an intervention from the BOJ above 162.50 level. EURINR can trade within 108.50-109.50 Read More
FOREX The brief decline in the Dollar Index seen last week has recovered, as the Dollar Index is headed towards 101, taking Euro down towards 1.14 or lower and USDJPY higher towards 162/163. EURINR can test 108 while below 109.50, while EURJPY may rise towards 185/186. USDCNY may trade within the 6.76-6.8250 region for the Read More
FOREX Weaker-than-expected NFP data yesterday is the main catalyst for the market movement over yesterday and today. Dollar Index has declined as expected but can slowly rise towards 101-101.50 next week. Today the US market is closed. Euro is also likely to hold below 1.15 and decline back towards 1.1350. USDJPY had dipped due to Read More
FOREX Weaker-than-expected NFP data yesterday is the main catalyst for the market movement over yesterday and today. Dollar Index has declined as expected but can slowly rise towards 101-101.50 next week. Today the US market is closed. Euro is also likely to hold below 1.15 and decline back towards 1.1350. USDJPY had dipped due to Read More
FOREX Dollar Index is expected to remain strong above 100.75, keeping the momentum bullish for USDJPY towards 163/164 and leading to possible weakness in other major currencies in the medium term. However, an immediate dip in the Dollar Index towards the mentioned support could give some relief to other currencies. Euro could trade within 1.1325/1.1450 Read More
FOREX The Dollar index needs to hold above support near 100.90-101 to move up to 102 gradually and taking down Euro back to 1.13 or lower. EURINR is holding well above support at 107 and needs to break above 108 now to head towards 109/110. EURJPY has also risen well as expected and ma y Read More
FOREX The Dollar index has dipped further leading to a rise in the Euro above 1.14. It would be important to see if the Euro continues to hold above 1.14 or not. EURINR is holding well above 107 and needs to rise back above 108 to rise further. EURJPY has also risen well as expected. The Read More
