FOREX FED Chair Jerome Powell said that the Fed is taking a patient approach to further interest rate cuts, but didn’t rule out a reduction. The Dollar Index has held the support near 96 for now. A further rise within its immediate range of 96-98/99 is possible. The Euro on the other hand is coming Read More
SGX Nifty Premarket
FOREX The Dollar Index is nearing the lower end of its 99-96 range. While the Euro has risen past 1.1750 and if sustained, can head towards 1.18-1.20. EURINR will have to rise past 101 to turn bullish in the near term. EURJPY needs to see a break past 170 to maintain its bullishness, else a Read More
FOREX The Dollar Index is trading lower within its 99-96 range. The Euro on the other hand needs a break past 1.1750 to head towards 1.18-1.20. EURINR will either have to rise past 101 or fall below 100 to give us further clarity. EURJPY needs to see a break past 170 to maintain its bullishness, Read More
FOREX President Donald Trump is going to announce the next FED chair soon. Markets speculate that the new chairman can guide monetary policy in a more dovish direction. The Dollar Index can have the downside limited to 96. Overall, it can trade within the 99-96 range for Euro and EURINR below 1.17 and 101.00 can Read More
FOREX President Donald Trump is going to announce the next FED chair soon. Markets speculate that the new chairman can guide monetary policy in a more dovish direction. The Dollar Index can have the downside limited to 96. Overall, it can trade within the 99-96 range for Euro and EURINR below 1.17 and 101.00 can Read More
FOREX The Dollar Index can fall towards 97-96 before halting. Meanwhile Euro and EURINR can test 1.17 and 100.50-101.00 respectively before possibly turning lower. EURJPY has risen well and is likely to test 170 as well. Thereafter, whether the rise extends further or not will have to be seen. USDJPY has immediate support near 144 Read More
FOREX The Dollar Index and Euro are headed towards 97-96 and 1.17 respectively. EURINR below 100.60 can dip to 99-98. Only if an immediate rise past 100.60 happens, can extend the rise towards 102. EURJPY and USDJPY can fall towards 166 and 144 respectively before attempting to bounce back in the near term. USDCNY is Read More
FOREX Donald Trump announced a cease-fire agreement between Iran and Israel which was later denied by Iran. Iran had also struck missiles in US bases in Qatar, Iraq and Syria. The Dollar Index can have downside limited to 97-96 and can rise back towards 99 in the near term. Euro and EURINR have upside capped Read More
FOREX The US struck three nuclear sites in Iran and warned of greater consequences if Iran retaliates. The Dollar Index needs to see a sustained rise past 99 to assume that a fresh rally has begun. Else, it is likely to fall back towards 98.00-97.50. Euro and EURINR can rise towards the resistance near 1.16/17 Read More
FOREX The Dollar Index is holding well below the resistance near 99. A test to 98 can happen soon. Euro and EURINR are headed towards the resistance near 1.16 and 100.00-100.50 region respectively. Upon testing whether the rise extends further or a corrective fall back is witnessed in both the pairs will have to be Read More