FOREX The Dollar Index dipped slightly to 99.257 but can still rise towards 100-101 while above 98.80, else it risks a fall towards 98-97. EURUSD continues to hover above 1.15, and only a break above 1.16 can trigger a move towards 1.17, while failure to do so may drag it back to 1.15 or even Read More
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FOREX On Friday President Trump announced 100% tariffs on Chinese exports and export controls on critical software, in response to China’s rare earth export restrictions. The Dollar Index has inched lower but the targets of 100-101 are kept open while it trades above 98.50. Euro & EURINR have upside capped at 1.17 and 104.00-104.50 and Read More
FOREX The Dollar Index has indeed risen past 99 and if sustained, can head towards 100-101 in the near term. While Euro & EURINR can fall towards 1.15-1.14 & 102.50-102.00 respectively. EURJPY & USDJPY have declined a bit, still the targets of 180 and 154-155 are kept open for now. USDCNY continues to consolidate between Read More
FOREX The Dollar Index has indeed risen past 99 and if sustained, can head towards 100-101 in the near term. While Euro & EURINR can fall towards 1.15-1.14 & 102.50-102.00 respectively. EURJPY & USDJPY have declined a bit, still the targets of 180 and 154-155 are kept open for now. USDCNY continues to consolidate between Read More
FOREX The Dollar Index needs to see a confirmed break past 99 to head towards 100-101 in the near term. While below 1.17, Euro can be vulnerable to extend the fall towards 1.15-1.14. EURINR is trading near the lower end of its 105-103 range. If the ongoing rise sustains, EURJPY can target 178-180, and USDJPY Read More
FOREX While the Dollar Index faces immediate resistance at 99, Euro is nearing the support at 1.16. Watch price action closely around the current levels to see where both might be headed. EURINR is trading near the lower end of its 105-103 range. EURJPY has risen above 176 and if sustained, can test 178-180 before Read More
FOREX The Dollar Index faces immediate resistance at 99. While the resistance holds, a range of 99-96 can continue to hold. The Euro can target 1.18/19 while staying above 1.16, and EURINR continues to consolidate between 103.50-105.00. EURJPY is oscillating near the resistance at 176. Need to see whether it extends the rise or not. Read More
FOREX Sanae Takaichi was elected as Japan’s next Prime Minister. Her victory signals a likely continuation of Japan’s expansionary fiscal and ultra-loose monetary policies. The Dollar Index rose slightly but remains within the 96-99 range for now. The Euro can target 1.18/19 while staying above 1.17, and EURINR may consolidate between 103.50-105.00. EURJPY tested 175 Read More
FOREX The Dollar Index faces resistance at 98.30 and 99 region, below which the range of 99-97/96 is likely to persist for some time. The Euro can target 1.18/19 while above 1.17, while EURINR can consolidate between 103.50-105.00 region. EURJPY needs to sustain above current levels to extend the rise to 174/75 as well. Similarly, Read More
FOREX The Dollar Index faces resistance at 98.30 and 99 region, below which the range of 99-97/96 is likely to persist for some time. The Euro can target 1.18/19 while above 1.17, while EURINR can consolidate between 103.50-105.00 region. EURJPY needs to sustain above current levels to extend the rise to 174/75 as well. Similarly, Read More