FOREX Slight recovery seen in most currencies after the sharp movement seen over the last two sessions. Dollar Index below 103 looks bearish to 101 in the near term while Euro needs to break past 1.10 to rise further in the near term else could fall into a range of 1.10-1.0850/1.08. USDCNY has broken below Read More
SGX Nifty Premarket
FOREX Expected volatility was seen in the FX markets after the US NFP released on Friday, taking the Dollar Index towards 102 and Euro towards 1.10. Now, it must be seen if resistance at 1.10 holds on Euro and support at 102 holds on the Dollar Index for the near term. USDCNY continues to remain Read More
FOREX EU Retail sales and US ADP Employment change data releases yesterday brought in some volatility in the US Dollar movement. FED chair Powell additionally indicated there is no reason to fear a risk of recession in the near term and has more confidence on inflation. Dollar Index could test 103 and Euro could test Read More
FOREX EU Retail sales and US ADP Employment change data releases yesterday brought in some volatility in the US Dollar movement. FED chair Powell additionally indicated there is no reason to fear a risk of recession in the near term and has more confidence on inflation. Dollar Index could test 103 and Euro could test Read More
FOREX EU Retail sales and US ADP Employment change data releases yesterday brought in some volatility in the US Dollar movement. FED chair Powell additionally indicated there is no reason to fear a risk of recession in the near term and has more confidence on inflation. Dollar Index could test 103 and Euro could test Read More
FOREX Dollar Index and USDCNY trades within 104.50-103.50 and 7.19-7.20 respectively, while USDJPY and EURJPY has fallen sharply but needs to further break below 149 and 162 respectively to make the outlook further bearish. Euro is trading near its resistance of 1.0850, and price action around it would be important to watch. Aussie has recovered Read More
FOREX Forex market is likely to remain stable in the first half of the week while it can pick up some momentum on Thursday and Friday with important data releases and ECB meeting due 7th Mar-24. EU GDP, US NFP, unemployment data are all expected by the end of the week which could trigger some Read More
FOREX Most currencies continue to trade within a broad range. Dollar Index trades within 104.50-103.50, Aussie and Pound trade within 0.65-0.66 and 1.26-1.2730 region, USDCNY is stuck within 7.18-7.20, USDJPY trades within 151-149 region while USDINR and EURINR are also trading within 83.0-82.80 and 89-90 region. Decisive breakout are needed on either side of the Read More
FOREX US PCE data came in line with market expectations and slightly higher than the previous release that took Dollar Index higher but could not sustain and has declined a bit now. Immediate range of 103.50-104.50 may hold. Euro tested the low of 1.0796 before rising back. USDJPY and EURJPY have recovered back after a Read More
FOREX US PCE data came in line with market expectations and slightly higher than the previous release that took Dollar Index higher but could not sustain and has declined a bit now. Immediate range of 103.50-104.50 may hold. Euro tested the low of 1.0796 before rising back. USDJPY and EURJPY have recovered back after a Read More