SGX Nifty Premarket

FOREX The Dollar Index could be bullish towards 104 while Euro is headed towards 1.0850-1.08. USDCNY is rising towards 7.20. EURJPY is holding below 162 and USDJPY seems to be stable above 148 with scope for a rise towards 149/150. Aussie and Pound have fallen sharply contrary to our expectation of further rise towards 0.67/68 Read More

FOREX The Dollar Index could bounce back towards 103.50 if the interim support holds around the current levels while Euro below 1.10 looks bearish towards 1.08 in the near term. USDCNY is rising towards the upper end of its 7.18-7.20 range which can hold for the near term. EURJPY and USDJPY tested our targets of Read More

FOREX The currencies seem to show some stability today. The Dollar Index may trade within 102-103.50 region for some time while Euro is falling towards the lower end of its 1.10-1.0850/1.08 range and needs a break above 1.10 to turn further bullish in the medium term. USDCNY is back within its old range of 7.18-7.20. Read More

FOREX Slight recovery seen in most currencies after the sharp movement seen over the last two sessions. Dollar Index below 103 looks bearish to 101 in the near term while Euro needs to break past 1.10 to rise further in the near term else could fall into a range of 1.10-1.0850/1.08. USDCNY has broken below Read More

FOREX Expected volatility was seen in the FX markets after the US NFP released on Friday, taking the Dollar Index towards 102 and Euro towards 1.10. Now, it must be seen if resistance at 1.10 holds on Euro and support at 102 holds on the Dollar Index for the near term. USDCNY continues to remain Read More

FOREX EU Retail sales and US ADP Employment change data releases yesterday brought in some volatility in the US Dollar movement. FED chair Powell additionally indicated there is no reason to fear a risk of recession in the near term and has more confidence on inflation. Dollar Index could test 103 and Euro could test Read More

FOREX EU Retail sales and US ADP Employment change data releases yesterday brought in some volatility in the US Dollar movement. FED chair Powell additionally indicated there is no reason to fear a risk of recession in the near term and has more confidence on inflation. Dollar Index could test 103 and Euro could test Read More

FOREX EU Retail sales and US ADP Employment change data releases yesterday brought in some volatility in the US Dollar movement. FED chair Powell additionally indicated there is no reason to fear a risk of recession in the near term and has more confidence on inflation. Dollar Index could test 103 and Euro could test Read More

FOREX Dollar Index and USDCNY trades within 104.50-103.50 and 7.19-7.20 respectively, while USDJPY and EURJPY has fallen sharply but needs to further break below 149 and 162 respectively to make the outlook further bearish. Euro is trading near its resistance of 1.0850, and price action around it would be important to watch. Aussie has recovered Read More

FOREX Forex market is likely to remain stable in the first half of the week while it can pick up some momentum on Thursday and Friday with important data releases and ECB meeting due 7th Mar-24. EU GDP, US NFP, unemployment data are all expected by the end of the week which could trigger some Read More