FOREX The release of softer-than-expected US NFP data has dragged the Dollar Index down and Euro up but the momentum could be short-lived because Euro could face resistance at 1.10 and Dollar can get support at 102.25. EURJPY and USDJPY have bounced back but could face resistance at 157 and 143.50 respectively. USDCNY can test Read More
SGX Nifty Premarket
FOREX Dollar Index and Euro can trade within 103-104 and 1.08-1.0975 in the near term. EURJPY has bounced well from 155.85 and needs to remain above 155 to move up slowly while USDJPY seems to be breaking below 144 which could be bearish for the upcoming sessions. USDCNY can test 7.30 while it remains above Read More
FOREX Dollar Index and Euro can trade within 103-104 and 1.08-1.0975 in the near term. EURJPY has bounced well from 155.85 and needs to remain above 155 to move up slowly while USDJPY seems to be breaking below 144 which could be bearish for the upcoming sessions. USDCNY can test 7.30 while it remains above Read More
FOREX Dollar Index looks bullish for a rise to 104 while above 103. Euro can fall towards 1.0850-1.08 in the near term. EURJPY has broken below 157 and could head towards 156 or lower while USDJPY continues trade within a very narrow range and needs a breakout on either side for further directional clarity. USDCNY Read More
FOREX After a lower US ISM data yesterday, markets await the US NFP and unemployment data on Friday indicating the Dollar could remain volatile through the week. Dollar Index trades lower but can test 104 in the near term while Euro can continue trade within 1.08-1.10. EURJPY needs to break above 158 else could remain Read More
FOREX After a lower US ISM data yesterday, markets await the US NFP and unemployment data on Friday indicating the Dollar could remain volatile through the week. Dollar Index trades lower but can test 104 in the near term while Euro can continue trade within 1.08-1.10. EURJPY needs to break above 158 else could remain Read More
FOREX Dollar Index can head towards resistance at 104 while Euro can dip towards 1.0850-1.08. EURJPY can trade below 158 for a while. USDJPY has been rising slowly and could face rejection from anywhere within 145-147 region while Pound and Aussie may bounce from supports near 1.26/2550 and 0.66 respectively. USDCNY is bullish towards 7.30/32. Read More
It was yet again that Indian benchmark indices closed at all-time high levels. Markets recovered from early losses in the intraday session and managed to close higher. Nifty and Sensex closed at 9525 and 30659 respectively. Metal sector that surged 2% plus supported the otherwise subdued markets to close marginally up. Tata Steel that surged Read More
Indian benchmark on Tuesday got off to firm start and thereafter the benchmark slowly started gathering momentum and surged higher. In the second half of trading session indices further capitalised on the momentum and closed near day’s high. At the end of the day, the NSE’s 50-share broadly followed index Nifty, got strengthened by about Read More
Indian benchmark on Monday got off to an optimistic start and thereafter the benchmark indices traded in an extremely choppy range but protected their gains throughout the trading session and ended the first day of week on a positive note. The NSE’s 50-share broadly followed index Nifty, got strengthened by close to half a per Read More