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
SGX Nifty Premarket
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
FOREX The Dollar Index is attempting to rise back towards the upper end of its range of 103.50-104.50 while Euro can dip to 1.08/1.0775 before bouncing back sharply. EURJPY can slowly target 164-165 while above 162. USDJPY is expected to move towards 151 before pausing. USDCNY continues to remain volatile within 7.18-7.20 region. Aussie is Read More
FOREX Markets have been volatile over yesterday and today. The Dollar Index surged post mixed economic data releases yesterday (stronger weekly jobless claims and stronger labor market figures but mixed S&P PMIs) but fell back in overnight trade leading to volatility in the other currencies against the Dollar. Euro tested 1.0888 before coming down but Read More
FOREX Markets have been volatile over yesterday and today. The Dollar Index surged post mixed economic data releases yesterday (stronger weekly jobless claims and stronger labor market figures but mixed S&P PMIs) but fell back in overnight trade leading to volatility in the other currencies against the Dollar. Euro tested 1.0888 before coming down but Read More
FOREX The Dollar Index could fall towards 103.50-103 if it manages to sustain break below 104 leading to a sharp rise in Euro towards 1.0850-1.09. EURJPY and USDJPY are expected to move towards 164 and 151 respectively before pausing. USDCNY had dipped slightly below its immediate range of 7.20-7.18 but has now risen back. Aussie Read More