About us 
Dollar Index has broken below 102 and it would be important to see if the fall would sustain or the index would bounce back in the next 1-2 sessions. That said Euro, Pound, Aussie trade higher and can test 1.09, 1.24 and 0.72 respectively while EURJPY and USDJPY look bearish. USDRUB has risen fairly from 66.35 seen on Friday and can now head towards 70. EURINR can slowly rise while USDINR can remain below 81.50 for some more time. USDCNY too has been strongly bearish and may continue while below 6.70.
The US Treasury yields hovers above their crucial supports. A sideways consolidation is possible before we see a fresh rise eventually going forward. The German Yields are hovering above their key supports and can see a fresh leg of upmove from here. The 10Yr and 5Yr GoI have to get a strong follow-through rise from here to avoid a fall back.
Dow and DAX remains bullish to see a test of 34800-35000 and 15300-15400 in the near term. Nikkei has come down further towards the key support at 25700. Shanghai has risen above the 3200 resistance zone and has room to move up further from here. Nifty is mixed and range-bound between 17800 and 18000.
Brent and WTI are hovering below the crucial resistance at $86 and $80-81 respectively. Gold is near important resistance at 1930-1950. Copper and Silver looks bullish for a test of 4.30 and 25-25.50 respectively in the near term.
Visit KSHITIJ official site to download the full analysis
previous
