SGX Nifty Premarket

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

FOREX Markets showed some volatility before and after the release of the US GDP yesterday which was revised down to 3.17% for Q4 2023 from 3.24% earlier. Dollar Index and Euro remained within the 103.50-104.50 and 1.0775-1.09 range while USDJPY declined sharply below 150 pulling down EURJPY also towards 162, faster than expected. USDCNY has Read More

FOREX Most currencies look stable and due to lesser volatility, our mentioned targets are getting delayed; and the pairs are becoming a bit indecisive in terms of directional clarity for the very near term. Most pairs are stuck within a narrow range. The Dollar Index holds within 104.5-103.5, Euro trades within 1.08-1.09 region, USDJPY looks Read More

FOREX The Dollar Index has dipped from 104 itself, contrary to our expectations of seeing a rise to 104.5 while Euro has risen sharply above 1.08, keeping the view bullish to 1.09-1.0950. EURJPY could soon test 164-165. USDJPY continues to remain stable above 150 but is likely to move towards 151 before declining. USDCNY remained Read More