SGX Nifty Premarket

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

FOREX The Dollar Index tested 100.58 as expected before rising back from there. A break below 100.5 can bring 99.5 into the picture. Euro has risen well but has resistance between 1.1150-1.12 which suggests a limited upside for the pair. USDJPY and EURJPY look bearish towards 139-138.40 and 154-152 respectively. Aussie and Pound may head Read More

FOREX Many important data releases are due this week that could keep the currencies volatile; the most important being the central bank policy meetings from the FED, BOE and BoJ on 18th, 19th, and 20th of September respectively. Among the other data releases, we have the US IIP, EU CPI, and Japan CPI that would Read More

FOREX The Dollar Index came down sharply as the Euro rose post the ECB meeting wherein a 25bps rate cut was seen on the deposit rates and a 60bps cut in the Money Refinancing Rate. Any break below 101 on the Dollar Index, if seen can extend the fall towards 100.50. Similarly, Euro above 1.1050 Read More

FOREX The Dollar Index came down sharply as the Euro rose post the ECB meeting wherein a 25bps rate cut was seen on the deposit rates and a 60bps cut in the Money Refinancing Rate. Any break below 101 on the Dollar Index, if seen can extend the fall towards 100.50. Similarly, Euro above 1.1050 Read More