SGX Nifty Premarket

FOREX The FOMC held interest rates steady and kept the target range for the federal-funds rate at 5.25-5.50%. The markets have been expecting a rate cut as early as March-24 but the FED statement overnight has indicated no hurry to cut rates and seemed slightly hawkish, stating that “the Committee does not expect it will Read More

FOREX The FOMC statement tonight would be crucial to watch to see guidance on future interest rates as recently the Fed officials have been moving away from any hurried interest rate cuts in their media speeches while markets expect a 50-50 chance of a rate cut in March. Dollar Index trades within 103-104 while Euro Read More

FOREX Dollar Index could continue trade within 103-104 while Euro looks like it can attempt to break below 1.08 to test 1.0750 in the medium term. EURJPY and USDJPY have fallen sharply, contrary to our bullish view. They may now turn bearish to 159/158 and 147-145 respectively in the near term. while USDCNY started to Read More

FOREX Dollar Index needs to sustain past 103.5 to further test 104 on the upside while Euro could test 1.08 before attempting to rise back towards 1.09. EURJPY and USDJPY have moved up and could be slightly bullish towards 161.30 and 149 while USDCNY has risen sharply contrary to our expectations of seeing a fall Read More

FOREX Dollar Index could gain downside momentum if it sustains below 103.70 for a few more sessions while Euro could attempt to rise above 1.09 ad to sustain higher slowly. EURJPY and USDJPY have moved up and could be slightly bullish while USDCNY continues to fall, targeting 7.15/12. Aussie could be bearish towards 0.65 while Read More

FOREX Dollar Index could gain downside momentum if it sustains below 103.70 for a few more sessions while Euro could attempt to rise above 1.09 ad to sustain higher slowly. EURJPY and USDJPY have moved up and could be slightly bullish while USDCNY continues to fall, targeting 7.15/12. Aussie could be bearish towards 0.65 while Read More

FOREX Dollar Index could gain downside momentum if it sustains below 103.70 for a few more sessions while Euro could attempt to rise above 1.09 ad to sustain higher slowly. EURJPY and USDJPY have moved up and could be slightly bullish while USDCNY continues to fall, targeting 7.15/12. Aussie could be bearish towards 0.65 while Read More

FOREX Dollar Index and Euro face volatility ahead of the ECB meeting tomorrow and crucial data releases on US GDP and PCE over the rest of the week. The Dollar Index can head towards 104 while a fall in Euro towards 1.08 cannot be negated. EURJPY and USDJPY could have scope for a dip towards Read More

FOREX Most currency pairs remain ranged within the narrow trade region seen over the last few days. Respective supports/resistances are likely to hold and keep the pairs within the near term ranges for some more time. The Dollar Index and Euro trade within 103-104 and 1.0850-1.09/1.0950 respectively. EURJPY could move up while above 161 whereas Read More

FOREX The Dollar Index may hold within 103-104 region for the near term before eventually falling lower by the end of the month. Euro can hold above 1.08/1.0850 and eventually rise towards 1.0950. EURJPY could sustain above 161 but can face rejection from 162-162.50 while USDJPY could be capped at 148/150 on the upside before Read More