Dollar Index and Euro can trade within 104.50-103.50 and 1.0750-1.0850 respectively. Aussie and Pound have risen slightly and needs to sustain the upmove to rise towards 0.6450-0.65 and 1.27 respectively. USDJPY looks bullish to 147 while EURJPY can soon target 159-160 on the upside. USDCNY is ranged within 7.25-7.32. USDRUB seems to be rising within 92-96 region. EURINR has bounced from 89 but needs to sustain to head towards 90. USDINR can trade within 82.50-82.75 for the very near term.

Dollar Index (103.859) has dipped a bit from 104.50 but needs to fall further towards 103.50 and lower to trigger a sharp reversal. Else an immediate range of 104.50-103.50 may continue to hold.

EURUSD (1.0831) is holding above 1.08 and has immediate hurdle at 1.0850 and higher at 1.09 which would make it difficult to see a sharp rise from current levels.

EURJPY (158.54) seems to be moving up but needs to break above 159 to head higher towards 160 else a slight dip below 159 can take it back to 158-156 region. Watch price action near 159.

Dollar-Yen (146.38) may face some slight pause near 147 and dip from there to 146 or slightly lower before resuming upmove in the medium term. 146-147 could hold for the very near term.

USDCNY (7.2881) looks ranged below 7.32/30 for a fall back to 7.28/26. A break on either side is needed to get clarity on which way the pair would move in the near term.

Pound (1.2623) is slowly attempting to rise while above 1.26 and needs to sustain the rise to target 1.27 or higher.

Aussie (0.6438) is moving up slowly and could attempt to rise towards 0.6450-0.65 in the coming sessions. Overall view is bullish while above 0.64.

USDRUB (94.3791) continues to trade within 92.50-96 and may hold so for some more sessions.

USDINR (82.6350) sustained above 82.50 yesterday, not attempting to fall lower. Immediate range of 82.50-82.75 seems to be holding well for now. A break on either side can trigger a movement towards 82.40/30 or 82.90. For now wait and watch while within the narrow range of 82.50-82.75

EURINR (89.4882) is holding above 89 over the last 2-days and a slow rise from here towards 90 could be possible in the next few sessions. A broad range of 89-90 can hold for the coming days.

The US Treasury yields have come down. Though there is room to fall more, support can limit the downside and keep the broader uptrend intact. The German yields sustain higher. Outlook remains bullish and more rise is on the cards. The 10Yr and 5Yr GoI have come down again failing to sustain higher. Further fall is possible before the broader uptrend resumes.

The US 10Yr (4.19%) and the 30Yr (4.27%) yields have come down. Supports are at 4.1% (10Yr) and 4.2% (30Yr) while above which the chances of seeing the rise to 4.5%-4.6% (10Yr) and 4.6%-4.7% (30Yr) will remain intact.

The German 10Yr (2.56%) and the 30Yr (2.66%) yields remain higher but stable. The view remains bullish to see 3%-3.1% on the upside. Any intermediate dips could be short-lived.

The 10Yr GoI (7.1799%) has come down below 7.2% again. This keeps alive the chances of seeing 7.15%-7.13% first and then resume the uptrend targeting 7.35%.

Similarly, the 5Yr GOI (7.1833%) can see 7.13%-7% on the downside first before a fresh leg of upmove begins to target 7.45%.

Dow Jones continues to move up and remains bullish to target further upside while above the support at 34000. DAX and Nifty need a strong rise above 16000 and 19500 to turn bullish and to avoid the danger of falling further. Nikkei is rising towards the upper end of the range. Need to see if it breaks on the upside or not. Shanghai has broken below 3125 and may look to come down more towards 3000.

Dow (34559.98, +0.62%) has risen above 34500. While this sustains, the outlook is bullish to see 35000-35500 in the short-term.

DAX (15792.61, +1.03%) is moving up. But a strong rise above 16000 is needed to turn bullish for 16400-16500 and negate the fall to 15400-15200. It is a wait and watch.

Nifty (19306.05, +0.21%) seems to lack momentum to breach 19500 and move higher to 19800-20000. While below 19500 it is still vulnerable to see 19000 on the downside first.

Nikkei (32264.25, +0.29%) is moving up towards the upper end of the 32500-31000 range. A break above 32500, if seen, can open doors toward 33000-33200.

Shanghai (3115.87, +0.56%) has declined sharply, breaking above 3125. This keeps the bearish view intact for a fall towards 3050-3000.

Brent and WTI are holding well below the resistance at $ 85 (Brent) and $ 81 (WTI) respectively. Gold has risen above 1950 and can now move up further on the upside. Silver and Copper lack follow-through rise but while above the support at 23.90/80 and 3.73 respectively, the broader outlooks will remain bullish to see a rally on the upside. Natural has fallen back but the downside seems limited to 2.50-2.45.

Brent ($ 84.44) is trading below the resistance at $ 85. A fall toward $ 80 is possible while it stays below $ 85.

WTI ($ 80.05) is holding well below the resistance at $ 81. While below $ 81, a fall towards $ 77-76 or even lower to $ 75 looks possible.

Gold (1950.10) has risen above 1950 as expected. Outlook is bullish for a rise towards 1975-1980 in the near term.

Silver (24.26) is lacking strength to rise above 24.50. Support is now seen at 23.90/80. While above 23.80, our view will remain bullish for a rise towards 25.

Copper (3.7640) lacks a follow-through rise above 3.80 but as long as it holds above the support at 3.73, our view for a rise towards 3.85-3.90 will remain intact.

Natural Gas (2.6710) rose to a high of 2.83 in line with expectations and has retreated from there. The downside seems limited to 2.5-2.45. While above 2.45, the view would remain bullish for a rise towards 3.0.

13:00 18:30 US Case Schiller
Expn -1.2% …Expected -1.5% …Previous -1.7%

14:00 19:30 US Cons Conf
Expn 119.8 …Expected 116.2 …Previous 117.0

DATA YESTERDAY:
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No major data release Yesterday.