FOREX Dollar Index trades higher and failure to fall from 102.50 can take it up towards 103-103.50 and drag down Euro to 1.09. Pound and Aussie could fall further breaking below supports at 1.27 and 0.66 respectively and target 1.26 and 0.65 on the downside. USDCNY can trade within 7.12-7.18/20 while USDRUB looks bullish for Read More
SGX Nifty Premarket
FOREX Dollar Index trades higher and may continue to rise towards 102.50 before coming off while Euro can also fall to 1.0950-1.09 before reversing higher. Aussie can test 0.6650-0.66 while and Pound can test 1.2730-1.27 before moving up again contrary to our expectation of seeing an upmove. USDCNY can trade within 7.12-7.18/20 while USDRUB has Read More
FOREX Dollar Index trades higher and may continue to rise towards 102-102.50 before coming off and to that extent, Euro can also fall to 1.0950-1.09 before reversing higher. Aussie can rise to 0.67 or higher while and Pound can rise to 1.29 which if holds can take Pound back towards 1.28/27. However, a break above Read More
FOREX US GDP growth in Q2 has reduced the earlier doubts of a possible recession in the US, taking the Dollar higher towards 102. This combined with a 25bps rate hike from the European Central Bank and indication of a 50-50 chances of rate hike in September-23 has taken Euro sharply down below 1.10. However, Read More
FOREX US GDP growth in Q2 has reduced the earlier doubts of a possible recession in the US, taking the Dollar higher towards 102. This combined with a 25bps rate hike from the European Central Bank and indication of a 50-50 chances of rate hike in September-23 has taken Euro sharply down below 1.10. However, Read More
FOREX FED raised rates by 25bps, in line with the market expectation. It has hinted at a 50-50 chance of either keeping the rate stable or going with another 25bps hike in its Sep-23 meeting after looking at the data releases. The FED officials are no more looking at a recession and state a “moderate Read More
FOREX Crucial to watch the FOMC and ECB policy statements scheduled tonight and tomorrow. Although the central banks may hike rates, their stance for future months would be important to watch which can bring in some volatility into the currency markets. Dollar Index holds within 101-102 while Euro has fair scope to test crucial support Read More
FOREX Dollar Index has risen above 101.20 and looks bullish towards 102 while Euro can see a brief rise from 1.1050 for now but has scope to fall to 1.10 soon. Aussie and Pound have risen from supports near 0.67 and 1.28 above which both can continue rising towards 0.68 and 1.29/30. USDCNY has fallen Read More
FOREX Dollar Index has risen well as expected and may test 101.20 before falling from there while Euro needs to sustain above 1.11 else may test 1.1050 before a bounce comes in. Aussie and Pound have supports near 0.67/0.6680 and 1.28/27 above which both can soon see a bounce towards 0.68/69 and 1.29/30. USDCNY can Read More
FOREX Dollar Index may have resistance near 101-101.20 which if holds can drag it lower while the fall in Euro could be limited to 1.1080/1050. Aussie rallied after the employment data release but could not sustain higher and has fallen back. Could rise again while above 0.6750. Pound has fallen sharply but could face support Read More