SGX Nifty Premarket

FOREX The FOMC kept rates unchanged but revised expectations of inflation to higher levels cutting the growth forecasts lower. Hawkish comments boosted the Dollar index taking it above 100. There can be scope of trade between 100-101 with series of resistances in the region. Euro has scope to trade within 1.1450-1.16 while EURINR needs to Read More

FOREX The Dollar index has dipped and could test 99 while Euro has moved up well above 1.16 which if sustains can take it towards 1.1675. EURINR can test 109 before bouncing back to higher levels of 110.50 while the EURJPY is attempting to sustain above 186 which if succeeds can rise higher towards 188-189. Read More

FOREX The Dollar index trades higher above 99.50 after a stronger US IIP data release yesterday. While the index looks bullish above 99.50, Euro may fall back to 1.15.  EURINR can test 109 before bouncing back to higher levels of 111-112 while the EURJPY could test resistance at 186. Thereafter it would be crucial to Read More

FOREX President Trump announced that the deal with Iran is complete and he authorises the toll-free opening of the Strait of Hormuz and removal of the US Naval blockade. While the agreement is made, it is expected to be signed on Friday to take effect. The Forex market looks stable and could react slowly to Read More

FOREX ECB hiked key rates by 25bps with a hawkish tone for inflation and expected weaker economic growth owing to higher energy prices and weaker confidence. It is likely to keep rates unchanged in its July-26 meeting. Although the rate hike was as expected and is positive for the Euro in the near term, weaker Read More

FOREX ECB hiked key rates by 25bps with a hawkish tone for inflation and expected weaker economic growth owing to higher energy prices and weaker confidence. It is likely to keep rates unchanged in its July-26 meeting. Although the rate hike was as expected and is positive for the Euro in the near term, weaker Read More

FOREX The Dollar index may dip to 99.5-99 on a break below 99.75 while the Euro has scope to test 1.16/17 while above 1.15. Markets expect a 25bps rate hike by the ECB today. EURINR looks bearish below 111 towards 110-109, while the EURJPY could test 186 while above 185. USDJPY continues its slow uptrend to Read More

FOREX The Dollar index may dip to 99.5-99, while the Euro has scope to test 1.16/17 while above 1.15. EURINR looks bearish below 111, while the EURJPY could test 186 while above 185. USDJPY continues its slow uptrend while USDCNY looks bearish towards 6.76/75 while below resistance at 6.80. Aussie and Pound can rise to Read More

FOREX The Dollar index has not been able to sustain above 100 and has fallen back to head towards 99, while the Euro has bounced back and could head towards 1.16 or higher soon. EURINR looks bearish below 111, while the EURJPY could test 186 while above 185. USDJPY continues its slow uptrend while USDCNY Read More

FOREX The Dollar index surged to 100.109 after US NFP data came out higher than expected on Friday, posting 172k and thereby raising chances of a rate hike by the FED. But we may expect a dip from anywhere between 100.10-100.50. Euro can bounce back while above 1.15 to prevent further decline to 1.14. EURINR Read More