SGX Nifty Premarket

FOREX The Dollar Index is trading lower within its 99-98 range. Need to see whether the support around 98 holds or not. While EURUSD is headed towards the resistance at 1.18. EURINR can trade within 104-106/107 region for some time. EURJPY can test 183/82, while USDJPY can trade within the broad 154-158 range for some Read More

FOREX The Dollar index & EURUSD can continue to trade between 99-98 & 1.18-1.17 region respectively before a breakout occurs. EURINR has a scope to test 104.00-103.50 level while it trades below 105.50. EURJPY & USDJPY tested 184.82 & 157.78 in line with our view of pairs testing 185 & 158 respectively. Currently both are Read More

FOREX The BOE delivered a 25 bps rate cut, lowering the policy rate to 3.75%, while the ECB kept its policy rate unchanged at 2.15%. While below 98.50, the targets of 97.50-97.00 are kept open in Dollar Index. EURUSD is trading lower within the 1.18–1.17 range. EURINR can test 105.50 before attempting a rebound. EURJPY Read More

FOREX The BOE delivered a 25 bps rate cut, lowering the policy rate to 3.75%, while the ECB kept its policy rate unchanged at 2.15%. While below 98.50, the targets of 97.50-97.00 are kept open in Dollar Index. EURUSD is trading lower within the 1.18–1.17 range. EURINR can test 105.50 before attempting a rebound. EURJPY Read More

FOREX The Dollar Index is facing resistance near 98.50, and while below this level, the downside targets of 97.50-97.00 remain open. EURUSD is likely to trade within the 1.17-1.18 range. EURINR has scope to rebound toward 107 as long as it holds above 105.50. EURJPY has moved above 182, and if sustained, can test 184 Read More

FOREX The U.S. economy added 64,000 jobs in November, while the unemployment rate rose to 4.6%. The Dollar Index has recovered from the low of 97.86 but faces resistance near 98.50–98.75, which could cap the upside. EURUSD needs a decisive break above 1.18 to extend the rally; otherwise, a pullback toward 1.170–1.165 looks likely while Read More

FOREX The Dollar Index can decline towards 97.50-97.00 in the near term. EURUSD & EURINR can soon test 1.18 & 107 respectively. EURJPY has slipped below 182 and if the fall continues, a test to 180 can happen initially. USDJPY is trading lower within its 158-154 range. USDCNY has slipped below 7.045 and failing to Read More

FOREX The Dollar Index can decline towards 97.50-97.00 in the near term. EURUSD & EURINR can head towards 1.1800 & 106.50-107.00 respectively. EURJPY can extend higher towards 184-185 before topping out. USDJPY continues to trade within the 158-154 range. USDCNY may test support at 7.05-7.045 before staging a rebound. AUDUSD is stuck within 0.67-0.66 region. Read More

FOREX The Dollar Index and EURUSD can test 97.50–97.00 and 1.1800 respectively in the near term before pausing. EURINR has tested 106 and is hovering just below it; we need to watch whether this resistance holds. EURJPY can extend higher towards 184–185 before topping out. USDJPY continues to trade within the 154–158 range. USDCNY may Read More

FOREX The Dollar Index and EURUSD can test 97.50–97.00 and 1.1800 respectively in the near term before pausing. EURINR has tested 106 and is hovering just below it; we need to watch whether this resistance holds. EURJPY can extend higher towards 184–185 before topping out. USDJPY continues to trade within the 154–158 range. USDCNY may Read More