FOREX FED chair Jerome Powell has been served grand jury subpoenas from the Justice Department threatening a criminal indictment. The Dollar Index has moved slightly lower but the target of 100-101 levels remains into play while the DXY trades above 98.75. EURUSD has a scope to fall towards 1.160-1.155 while it trades below 1.17. EURINR Read More
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FOREX The Dollar Index need to see a confirmed break past 99 to head towards 100-10 levels. EURUSD has moved below 1.165 and if sustained, can extend the fall to 1.160-1.155. EURINR remains vulnerable to fall towards 104.50-104.00 while below 105. EURJPY & USDJPY continues to hold the 182-185 & 154-158 range respectively for now. Read More
FOREX The Dollar Index need to see a confirmed break past 99 to head towards 100-10 levels. EURUSD has moved below 1.165 and if sustained, can extend the fall to 1.160-1.155. EURINR remains vulnerable to fall towards 104.50-104.00 while below 105. EURJPY & USDJPY continues to hold the 182-185 & 154-158 range respectively for now. Read More
FOREX The Dollar Index is rising within the 97.75-98.85 region. A break past 99 will be required to make the outlook further bullish. EURUSD is declining and a break below 1.165 if seen can make it vulnerable to fall towards 1.160-1.155. EURINR is also coming off and a break below 105 if seen, can take Read More
FOREX The Dollar Index can trade within 97.75-98.85 region for a while. EURUSD is trading below 1.1750 but a confirmed break below 1.170-1.165 will be needed to make the outlook further bearish. EURINR is trading within 105-106.25 region. EURJPY & USDJPY continues to hold the 182-185 & 154-158 range respectively for now. USDCNY is stuck Read More
FOREX Weaker-than-expected US ISM at 47.90 (48.30) and comments from a Fed official indicating that unemployment could rise further led to a decline in the Dollar Index. The Dollar Index can trade within 98.85-97.75 region for a while. EURUSD has risen above 1.17 again but faces immediate resistance between 1.1750-1.1800. EURINR is trading within 105-106.25 Read More
FOREX The Dollar Index is trading higher within its 97.75-98.75 range. EURUSD has dipped below 1.17 and failing to rise back can extend the fall to 1.16. EURINR is trading within 106.25-105 region. EURJPY & USDJPY can remain range bound between 183-185 & 154-158 region for some time. USDCNY can fall towards 6.95 or even Read More
FOREX The Dollar Index can consolidate between 98.75-97.75 region for some time before a breakout occurs. EURUSD & EURINR can trade within 1.17-1.18 & 105.00-106.25 region. EURJPY & USDJPY can remain range bound between 182-186 & 154-158 region for some time. USDCNY can fall towards 6.95 or even further in the near term. Aussie & Read More
FOREX The Dollar Index can consolidate between 98.75-97.75 region for some time before a breakout occurs. EURUSD & EURINR can trade within 1.17-1.18 & 105.00-106.25 region. EURJPY & USDJPY can remain range bound between 182-186 & 154-158 region for some time. USDCNY can fall towards 6.95 or even further in the near term. Aussie & Read More
FOREX The Dollar Index need to see a confirmed break past the resistance coming near current levels to head towards 99 and higher levels. EURUSD & EURINR can trade within 1.18-1.17 & 106.25-105.00 region. EURJPY & USDJPY can remain range bound between 182-186 & 154-158 region for some time. USDCNY has slipped below 7.00 and Read More