SGX Nifty Premarket

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 US CPI came lower, in line with market expectations and the Dollar Index is moving towards 102 while above 101.25. The Euro tested 1.10 as expected and markets wait to see what the ECB does today in its policy meeting. Watch price action closely around the current levels. USDJPY and EURJPY extend their Read More

FOREX The Dollar Index has dipped slightly from the high of 101.76 but may soon rise towards 102. The Euro has scope to fall towards 1.10. USDJPY and EURJPY fell below 143 and 158 respectively and can now be bearish in the near term. Watch price action closely around 0.6650 in Aussie as any break Read More

FOREX Most currencies have moved in line with our expectations. The Dollar Index is headed towards 102, the Euro has scope to fall towards 1.10 while below 1.11, USDJPY can test 145 but EURJPY will need a break past 159 to rise towards 160. Aussie looks bearish towards 0.66, while Pound, if remains below 1.3085, Read More

FOREX The mixed outlook from the lower-than-expected US NFP, stable unemployment rate and a higher US Average Hourly earnings data on Friday took the Dollar Index down to 100.58 but managed to recover soon. Currently above 101, there is scope to test 102 on the upside. Euro can dip to 1.1050-1.10 while below 1.11. USDJPY Read More

FOREX The lower US ADP Employment release at 99k led the Dollar Index to extend its fall below 101 before slightly recovering from there. US NFP and Unemployment release today would be important to watch as to see whether the Index sustains above 101 or not. Euro on the other hand has risen past 1.11 Read More

FOREX The lower US ADP Employment release at 99k led the Dollar Index to extend its fall below 101 before slightly recovering from there. US NFP and Unemployment release today would be important to watch as to see whether the Index sustains above 101 or not. Euro on the other hand has risen past 1.11 Read More

FOREX The weaker Jolts Jobs opening data release took the Dollar Index below 101.50 and if sustained below 101 can drag it towards 100.50-99.50. Meanwhile, the Euro is trading higher within 1.10-1.11 region. USDJPY and EURJPY have fallen sharply below 145 and 160 respectively and failure to rise back can make the outlook further bearish Read More

FOREX The Dollar Index trades lower after a weaker-than-expected US ISM was released yesterday. While the Dollar Index trades within 101-102, the Euro can trade within 1.10-1.11. USDJPY and EURJPY have fallen sharply after comments from the BOJ Governor that they may continue to raise rates if needed. Aussie and Pound have declined and may Read More

FOREX The Dollar Index needs a decisive break past 102 to make the outlook bullish in the near term. Euro has recovered well from the low of 1.1041. Need to see whether the rise gets extended further past 1.11 or if it falls back below 1.10. USDJPY looks bullish towards 148-150, while EURJPY can remain Read More