FOREX Dollar Index has dipped from 105.50 but has scope to test 106 while above 104. Similarly, Euro could test 1.06 while below 1.08. Aussie and Pound looks bearish towards 0.64 and 1.2350. USDJPY can rise to 148-149 while EURJPY can bounce back from 156.60. USDCNY can test 7.30/35 while above 7.25. USDRUB can trade Read More
SGX Nifty Premarket
FOREX Euro plunged after the ECB raised rates by 25bps and have hinted at a possible pause in further rate hikes while reducing their growth projections for 2023-2024. Euro can test 1.06, taking Dollar Index towards 106 while Aussie and Pound have scope to reverse from 0.65 and 1.24 respectively. USDJPY can rise to 148 Read More
FOREX Euro plunged after the ECB raised rates by 25bps and have hinted at a possible pause in further rate hikes while reducing their growth projections for 2023-2024. Euro can test 1.06, taking Dollar Index towards 106 while Aussie and Pound have scope to reverse from 0.65 and 1.24 respectively. USDJPY can rise to 148 Read More
FOREX US CPI data for Aug-23 inched up at 3.71% (Headline CPI, Y/Y%) from 3.30% seen for July-23. But no major movement is seen on the Dollar index which has scope to rise above 105 in the near term. Euro also has scope to fall below 107 while below 1.08. USDJPY and EURJPY can trade Read More
FOREX Dollar index holds above 104.50 and could test 105+ levels taking USDJPY higher towards 148 or higher and dragging down Euro below 1.0770 to target 1.07 now. Aussie and Pound have turned down again to target 0.6350 and 1.2450-1.24 respectively. EURJPY could be ranged within 159-156 while USDCNY could rise above support at 7.25. Read More
FOREX US Dollar index can test 104 in the next few sessions. Before rising from there. View is bullish above 104. Euro can rise to 1.08 but unless a sustained trade above 1.08 is seen, view remains bearish from there. Aussie and Pound have bounced a bit and can rise to 0.6450-0.65 and 1.26 respectively Read More
FOREX US Dollar index has fallen from 105 and can test 104 in the next few sessions. View is bullish above 104. Euro can rise to 1.08 but unless a sustained trade above 1.08 is seen, view remains bearish. Aussie and Pound have bounced a bit and can rise to 0.6450-0.65 and 1.26 respectively. EURJPY Read More
FOREX US Dollar moved above 105 yesterday but fell back to trade below 105 now. Euro also dipped below 1.07 before bouncing back but scope of a fall to 1.06 cannot be negated within the next 1-month. Aussie and Pound have bounced a bit but need to sustain above 0.64 and 1.25 to avoid another Read More
FOREX US Dollar moved above 105 yesterday but fell back to trade below 105 now. Euro also dipped below 1.07 before bouncing back but scope of a fall to 1.06 cannot be negated within the next 1-month. Aussie and Pound have bounced a bit but need to sustain above 0.64 and 1.25 to avoid another Read More
FOREX US Dollar trades higher against major currencies. Dollar Index needs to reverse back from 105 and Euro from 1.07 else the index can be bullish towards 106, taking Euro down to 1.06. Aussie and Pound are bearish towards 0.63 and 1.24 respectively. EURJPY and USDJPY can move higher towards 159-160 and 148/149 respectively while Read More