FOREX Statement from the President stating that the war is almost near over has led to decline in the dollar index as other major currencies trade strong. The Dollar Index has scope to test 98 and fall further to 97/96 on a break below 98 while Euro may head towards 1.18/1.1950 in the coming weeks. Read More
SGX Nifty Premarket
FOREX Failed talks between Iran and US have reduced hopes of a possible pause to the existing conflicts between the two. However, this time the impact on currency movement seems to be lower as the prices have reacted not too sharply today morning. The Dollar Index has moved up above 99 while the Euro has Read More
FOREX Failed talks between Iran and US have reduced hopes of a possible pause to the existing conflicts between the two. However, this time the impact on currency movement seems to be lower as the prices have reacted not too sharply today morning. The Dollar Index has moved up above 99 while the Euro has Read More
FOREX Failed talks between Iran and US have reduced hopes of a possible pause to the existing conflicts between the two. However, this time the impact on currency movement seems to be lower as the prices have reacted not too sharply today morning. The Dollar Index has moved up above 99 while the Euro has Read More
FOREX The Dollar Index has again fallen lower but can be ranged within 101.50-98 region for the near term. The Euro on the other hand can move up within 1.14-1.1750 region and fall later. Yen may depreciate towards 160/161 followed by a dip back towards 158/157 while EURJPY can remain within the 183-186 region. EURINR Read More
FOREX The Dollar Index has again fallen lower but can be ranged within 101.50-98 region for the near term. The Euro on the other hand can move up within 1.14-1.1750 region and fall later. Yen may depreciate towards 160/161 followed by a dip back towards 158/157 while EURJPY can remain within the 183-186 region. EURINR Read More
FOREX The Dollar Index has recovered today after a sharp fall yesterday. Euro has dipped back below 1.17 after trading higher. The Yen may deppreciate towards 160/161 followed by a dip back towards 158/157 while EURJPY can remain within the 183-186 region. EURINR may trade within 108-106 zone while Aussie and Pound too can remain Read More
FOREX The overnight change of events from threats of massive attacks on Iran to agreeing to suspend attacks on Iran for 2-weeks in exchange of opening of the Strait of Hormuz by the US has changed the near term direction for currency markets. The Dollar Index has weakened to levels below 99 leading to strength Read More
FOREX Most currencies are likely to trade within a near term range. A breakout on either side would determine the medium term direction. The Dollar Index and Euro continue trade within the 101-99 and 1.1650-1.15 region while the EURINR is trading between 108 and 106. EURJPY and USDJPY can witness trade in the 186-183/182 and Read More
FOREX The Dollar Index may trade within 101-99 region with the Euro stuck within 1.1650-1.14. EURINR may dip towards support near 106 before bouncing higher while EURJPY can trade below resistance zone of 186-185. USDJPY has held below 160.50 and may have scope to test 157/156 on the downside. However, we remain cautious for a Read More