FOREX The Dollar Index tested 100.58 as expected before rising back from there. A break below 100.5 can bring 99.5 into the picture. Euro has risen well but has resistance between 1.1150-1.12 which suggests a limited upside for the pair. USDJPY and EURJPY look bearish towards 139-138.40 and 154-152 respectively. Aussie and Pound may head Read More
SGX Nifty Premarket
FOREX Many important data releases are due this week that could keep the currencies volatile; the most important being the central bank policy meetings from the FED, BOE and BoJ on 18th, 19th, and 20th of September respectively. Among the other data releases, we have the US IIP, EU CPI, and Japan CPI that would Read More
FOREX The Dollar Index came down sharply as the Euro rose post the ECB meeting wherein a 25bps rate cut was seen on the deposit rates and a 60bps cut in the Money Refinancing Rate. Any break below 101 on the Dollar Index, if seen can extend the fall towards 100.50. Similarly, Euro above 1.1050 Read More
FOREX The Dollar Index came down sharply as the Euro rose post the ECB meeting wherein a 25bps rate cut was seen on the deposit rates and a 60bps cut in the Money Refinancing Rate. Any break below 101 on the Dollar Index, if seen can extend the fall towards 100.50. Similarly, Euro above 1.1050 Read More
FOREX The US CPI came lower, in line with market expectations and the Dollar Index is moving towards 102 while above 101.25. The Euro tested 1.10 as expected and markets wait to see what the ECB does today in its policy meeting. Watch price action closely around the current levels. USDJPY and EURJPY extend their Read More
FOREX The Dollar Index has dipped slightly from the high of 101.76 but may soon rise towards 102. The Euro has scope to fall towards 1.10. USDJPY and EURJPY fell below 143 and 158 respectively and can now be bearish in the near term. Watch price action closely around 0.6650 in Aussie as any break Read More
FOREX Most currencies have moved in line with our expectations. The Dollar Index is headed towards 102, the Euro has scope to fall towards 1.10 while below 1.11, USDJPY can test 145 but EURJPY will need a break past 159 to rise towards 160. Aussie looks bearish towards 0.66, while Pound, if remains below 1.3085, Read More
FOREX The mixed outlook from the lower-than-expected US NFP, stable unemployment rate and a higher US Average Hourly earnings data on Friday took the Dollar Index down to 100.58 but managed to recover soon. Currently above 101, there is scope to test 102 on the upside. Euro can dip to 1.1050-1.10 while below 1.11. USDJPY Read More
FOREX The lower US ADP Employment release at 99k led the Dollar Index to extend its fall below 101 before slightly recovering from there. US NFP and Unemployment release today would be important to watch as to see whether the Index sustains above 101 or not. Euro on the other hand has risen past 1.11 Read More
FOREX The lower US ADP Employment release at 99k led the Dollar Index to extend its fall below 101 before slightly recovering from there. US NFP and Unemployment release today would be important to watch as to see whether the Index sustains above 101 or not. Euro on the other hand has risen past 1.11 Read More