SGX Nifty Premarket

FOREX The Dollar Index is trading within the immediate range of 100.25-101.50/75 which can hold for a while. Watch US PCE and Personal income data release scheduled today. Euro is trading higher within the range of 1.11-1.12, but can extend the fall towards 1.1050-1.10 in the medium term. USDJPY and EURJPY need to see a Read More

FOREX The Dollar Index is trading within the immediate range of 100.25-101.50/75 which can hold for a while. Watch US PCE and Personal income data release scheduled today. Euro is trading higher within the range of 1.11-1.12, but can extend the fall towards 1.1050-1.10 in the medium term. USDJPY and EURJPY need to see a Read More

FOREX The Dollar Index saw some relief yesterday as the US New Home Sales data came out stronger at 716K than expected at 693K. Still, a strong break past 102 will be needed to make the outlook bullish. Else the current rise could be short-lived to 101.50-102. Euro is holding well below 1.12 for now Read More

FOREX The Dollar Index fell sharply below the support of 100.50 after the weaker US Consumer Confidence release at 98.70. Needs to see whether the rise further gets extended to 99.50 or gets halted near the current levels. Watch out for the US New Home sales release today. Euro is nearing the immediate resistance at Read More

FOREX The Dollar index gained strength, and Euro came down after the weaker business activity reports in the euro zone economy. The index needs to see a rise past 101 to turn bullish towards 102 in the coming sessions, while Euro can trade within 1.1070-1.12. USDJPY and EURJPY are coming off contrary to our view Read More

FOREX The Dollar index needs to see a rise past 101 to turn bullish towards 102 in the coming sessions while Euro can trade within 1.1060-1.12. USDJPY and EURJPY can test 145/146 and 162 in the near term. Aussie needs to see a rise past 0.6850, else may fall back towards 0.67/66. The pound could Read More

FOREX Initial advances seen in the Dollar after the FOMC rate cut were limited as the index fell back to 100.50. It could test 100.50-99.50 before bouncing back. Euro could trade within 1.1060-1.12 for now and delay our expected fall to 1.10-1.0950. USDJPY and EURJPY could not break above 144 and 160 respectively and have Read More

FOREX Initial advances seen in the Dollar after the FOMC rate cut were limited as the index fell back to 100.50. It could test 100.50-99.50 before bouncing back. Euro could trade within 1.1060-1.12 for now and delay our expected fall to 1.10-1.0950. USDJPY and EURJPY could not break above 144 and 160 respectively and have Read More

FOREX The FED cut rates by 50bps in line with market expectations taking the key interest rate down from 5.50% to 5.00%. The markets expect another 50bps rate cut by the end of the year. The risks of balancing inflation and unemployment seem to be in place as indicated by the FED statement. As the Read More

FOREX The Dollar Index is holding well above the support at 100.50, which if holds can take it higher towards 101.50 in the near term. A better directional clarity could be expected post the FOMC meeting scheduled today. Euro has resistance between 1.1150-1.12 which suggests a limited upside for the pair. USDJPY and EURJPY needs Read More