SGX Nifty Premarket

FOREX Dollar Index has dipped from 103.55 while Euro has moved up and could test 1.09-1.0920. Pound has moved up within 1.26-1.28 region while Aussie has moved up above 0.6350 and can hold for a few sessions. USDJPY and EURJPY have dipped and could fall some more in the next few sessions before a pause Read More

FOREX Dollar Index is headed towards 104 while Euro has fallen below 1.09 and could now head towards 1.08. Pound trades within 1.26-1.28 while Aussie has broken below support at 0.64 and could be vulnerable to a fall to 0.63. USDJPY and EURJPY are slowly moving higher towards 148 and 160 respectively. USDCNY is bullish Read More

FOREX Dollar Index trades above 103 and has scope to test 103.50-104 before reversing. Euro can break below support at 1.09 and open a possible fall to 1.08. Pound trades within 1.26-1.28 while Aussie is headed towards crucial support at 0.64 from where a bounce can be expected. USDJPY looks bullish towards 146-148 in the Read More

FOREX Dollar Index is rising towards 103.50/65 while Euro may fall towards 1.09-1.0890 or even lower. Pound and Aussie look weak towards 1.26 and 0.64. USDJPY looks bullish towards 146-148 in the medium term while EURJPY has dipped below 159.219 and can fall to 157 before resuming the upmove. USDCNY is headed towards 7.28/30. USDRUB Read More

FOREX Dollar Index is rising towards 103.50/65 while Euro may fall towards 1.09-1.0890 or even lower. Pound and Aussie look weak towards 1.26 and 0.64. USDJPY looks bullish towards 146-148 in the medium term while EURJPY has dipped below 159.219 and can fall to 157 before resuming the upmove. USDCNY is headed towards 7.28/30. USDRUB Read More

FOREX US Headline CPI came out at 3.30% (Y/Y%) for July-23, up from 3.09% seen for June-23. This is as per our expectation of seeing steady or slightly higher inflation before continuing to fall further. It would be difficult for inflation to fall below 3% for quite sometime now. Dollar Index holds steady within 101.75-102.85/103 Read More

FOREX US Headline CPI came out at 3.30% (Y/Y%) for July-23, up from 3.09% seen for June-23. This is as per our expectation of seeing steady or slightly higher inflation before continuing to fall further. It would be difficult for inflation to fall below 3% for quite sometime now. Dollar Index holds steady within 101.75-102.85/103 Read More

FOREX Two crucial data watch today: RBI monetary policy statement and US CPI. The Dollar Index holds steady within 101.75-102.85/103 region while Euro may trade within 1.1020-1.0910. Pound and Aussie continue to trade within 1.26-1.28 and 0.65-0.66 region. USDJPY is moving up towards 144 while EURJPY can face resistance near 158. USDCNY has dipped a Read More

FOREX On Monday (7th August), FED Governor Michele Bowman said that additional interest rate hikes will likely be needed to lower inflation to the 2% target of the central bank while Philadelphia Fed President Patrick Harker said yesterday that the central bank could be at a position to hold rates steady in absence of any Read More

FOREX Dollar Index may hold above 101.75 and move up towards 102.50 or slightly higher while Euro could trade within 1.0940-1.1020. Pound has moved up to the upper end of the 1.26-1.28 range and needs to see if it falls back or attempts to move higher. Aussie can fall back to 0.65 while below 0.66. Read More