FOREX Extreme volatility hit the markets as the BOJ intervened and a mix of US data releases yesterday, with the GDP coming out lower than expected and the PCE inflation having cooled in June. USDJPY plunged to 157.95 taking down the Dollar Index to 99.85. While both have seen a good recovery from those lows, Read More
SGX Nifty Premarket
FOREX The Dollar Index fell sharply despite the fact that the FED kept rates unchanged. However, the probability of a rate hike in Sep-26 now stands at 50% from earlier 30%. The major currencies look strong against the Dollar, but this strength seems temporary as a bounce back in the Dollar Index from 100.70 would Read More
FOREX The Dollar Index holds stable ahead of the FOMC tonight. The markets expect rates to remain unchanged with a 30% probability to a surprise rate hike. We continue to look at the near-term range of 100.70-101.50 to hold for now while Euro may trade in the 1.1350-1.1420 region. EURINR trades higher today above 109 Read More
FOREX Continued decline in crude prices has led the Dollar Index to trade higher with scope to rise towards 102 soon, while Euro looks vulnerable below 1.14, towards 1.13. This keeps the EURINR at risk of slipping towards 107.50-108.50 if it sustains below 109. USDJPY remains bullish towards 164.50-165, while EURJPY can extend to 187/188 Read More
FOREX With crude prices falling sharply by around $ 10/barrel, there can be some easing in the currency markets as the Dollar Index holds stable around 101. While the index may trade within 101.50-100.70 region for a while, Euro may attempt a slow rise towards 1.1450-1.15 while above 1.1370/1.14. USDJPY can dip to 162.70 before Read More
FOREX The Dollar Index holds strong above 101 while the Euro has dipped below 1.14, moving as per its intrinsic near-term trend. Euro can soon target 1.1350-1.13. The ECB kept rates unchanged yesterday but has high scope for a rate hike in September. USDJPY continues to rally, targeting 164.50-165 while Aussie and Pound have declined Read More
FOREX The Dollar Index holds strong above 101 while the Euro has dipped below 1.14, moving as per its intrinsic near-term trend. Euro can soon target 1.1350-1.13. The ECB kept rates unchanged yesterday but has high scope for a rate hike in September. USDJPY continues to rally, targeting 164.50-165 while Aussie and Pound have declined Read More
FOREX The Dollar Index seems to be reacting less to rising crude and has chosen to remain stable around 101, which has led to strength in the Euro above 1.14. Yen to 162.66, Aussie above 0.70, and EURJPY above 186. However, we may expect the Dollar Index to test 100.70 before bouncing back towards 102 Read More
FOREX USDJPY has broken above 162.85 to trade at all time highs since 1986. It can target 164.50-165 if the rise sustains, pulling EURJPY towards 187/188 on a break above 186. However, markets remain cautious for any intervention from the BOJ to reduce the pace of currency weakness. Dollar Index has broken above 101 and Read More
FOREX The Dollar Index is testing 101; a break can lift it to 101.50-102, while failure may pull it back to 100.50. Safe-haven demand from US-Iran tensions and oil-linked inflation risk keeps the dollar supported, with the ECB meeting a key watch for EUR crosses this week. EURUSD may bounce from 1.14 while USDJPY needs Read More
