FOREX The overnight change of events from threats of massive attacks on Iran to agreeing to suspend attacks on Iran for 2-weeks in exchange of opening of the Strait of Hormuz by the US has changed the near term direction for currency markets. The Dollar Index has weakened to levels below 99 leading to strength Read More
SGX Nifty Premarket
FOREX Most currencies are likely to trade within a near term range. A breakout on either side would determine the medium term direction. The Dollar Index and Euro continue trade within the 101-99 and 1.1650-1.15 region while the EURINR is trading between 108 and 106. EURJPY and USDJPY can witness trade in the 186-183/182 and Read More
FOREX The Dollar Index may trade within 101-99 region with the Euro stuck within 1.1650-1.14. EURINR may dip towards support near 106 before bouncing higher while EURJPY can trade below resistance zone of 186-185. USDJPY has held below 160.50 and may have scope to test 157/156 on the downside. However, we remain cautious for a Read More
FOREX The Dollar Index may trade below 101 with decent chances of a break below 99 to test 98/97 while Euro can test 1.17/1.1750 on a break above the 1.15-1.1650 zone. EURINR may dip towards 107/106 if the Rupee shows an appreciation today against the dollar on the onshore markets. EURJPY can trade within the Read More
FOREX The Dollar Index may trade below 101 with decent chances of a break below 99 to test 98/97 while Euro can test 1.17/1.1750 on a break above the 1.15-1.1650 zone. EURINR may dip towards 107/106 if the Rupee shows an appreciation today against the dollar on the onshore markets. EURJPY can trade within the Read More
FOREX The Dollar Index may trade below 101 with decent chances of a break below 99 to test 98/97 while Euro can test 1.17/1.1750 on a break above the 1.15-1.1650 zone. EURINR may dip towards 107/106 if the Rupee shows an appreciation today against the dollar on the onshore markets. EURJPY can trade within the Read More
FOREX Most currency pairs are volatile within their respective ranges. Hopes of se-escalation of war in the Middle East has pulled down the Dollar Index from 100.64, taking Euro back towards 1.16. Overall we may expect the Dollar Index and Euro to remain ranged within 101.50-99 and 1.16-1.14 region. EURINR may trade within the 109-106 Read More
FOREX The Dollar Index has been trading higher and holding firm above 100 as the US-Iran conflict continues. However, there can be a dip while below 101.50-101 which if seen can strengthen Euro to 1.16-1.17 while above 1.14. EURINR may dip while below 110. EURJPY may continue to trade within 182-185 unless a breakout is Read More
FOREX The Dollar Index has been trading higher and holding firm above 100 as the US-Iran conflict continues. However, there can be a dip while below 101.50-101 which if seen can strengthen Euro to 1.16-1.17 while above 1.14. EURINR may dip while below 110. EURJPY may continue to trade within 182-185 unless a breakout is Read More
FOREX The Dollar Index may continue trade within 99-101 region while Euro is holding below 1.1650 and may trade within 1.1650-1.15 for now. EURINR can trade within 108-110 for now. EURJPY needs to hold below 185 to fall back, or else can trigger further bullishness towards 187. The USDJPY has reached resistance at 160. Repeated Read More