FOREX Lower US CPI continues to show impact on currency markets taking the Dollar sharply down. Dollar Index has broken below 100 and could soon be headed towards 99-98 while Euro has surged above 1.12 which if sustains can set to target 1.14. Pound and Aussie are also rising towards 1.34 and 0.69-0.6980 respectively. EURJPY Read More
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FOREX Lower US CPI continues to show impact on currency markets taking the Dollar sharply down. Dollar Index has broken below 100 and could soon be headed towards 99-98 while Euro has surged above 1.12 which if sustains can set to target 1.14. Pound and Aussie are also rising towards 1.34 and 0.69-0.6980 respectively. EURJPY Read More
FOREX Sharp fall in the Dollar seen after the lower US CPI release where the headline inflation came out at 3.09% (Y/Y%) compared to previous 4.13% and our expectation of 3.45%. This has led to strength in most currencies against the Dollar. The Pound, Aussie and Euro has surged well and can target 1.32/34, 0.6850 Read More
FOREX Most currencies are trading strong against the Dollar which itself is heading towards support at 101 from where a bounce can be expected. Such a fall in the Dollar Index may possibly take Euro up towards 1.11-1.1145 before dragging it lower. EURJPY and USDJPY have been falling sharply but could test support near 153.40-154 Read More
FOREX Euro has strengthened as Dollar Index has broken below its support at 102.25. EURJPY and USDJPY have scope to test their immediate supports before a bounce back can happen. USDCNY can see a dip to 7.20 while it stays below 7.25. Pound looks bullish for a test of key resistance at 1.2950. Aussie and Read More
FOREX The release of softer-than-expected US NFP data has dragged the Dollar Index down and Euro up but the momentum could be short-lived because Euro could face resistance at 1.10 and Dollar can get support at 102.25. EURJPY and USDJPY have bounced back but could face resistance at 157 and 143.50 respectively. USDCNY can test Read More
FOREX Dollar Index and Euro can trade within 103-104 and 1.08-1.0975 in the near term. EURJPY has bounced well from 155.85 and needs to remain above 155 to move up slowly while USDJPY seems to be breaking below 144 which could be bearish for the upcoming sessions. USDCNY can test 7.30 while it remains above Read More
FOREX Dollar Index and Euro can trade within 103-104 and 1.08-1.0975 in the near term. EURJPY has bounced well from 155.85 and needs to remain above 155 to move up slowly while USDJPY seems to be breaking below 144 which could be bearish for the upcoming sessions. USDCNY can test 7.30 while it remains above Read More
FOREX Dollar Index looks bullish for a rise to 104 while above 103. Euro can fall towards 1.0850-1.08 in the near term. EURJPY has broken below 157 and could head towards 156 or lower while USDJPY continues trade within a very narrow range and needs a breakout on either side for further directional clarity. USDCNY Read More
FOREX After a lower US ISM data yesterday, markets await the US NFP and unemployment data on Friday indicating the Dollar could remain volatile through the week. Dollar Index trades lower but can test 104 in the near term while Euro can continue trade within 1.08-1.10. EURJPY needs to break above 158 else could remain Read More