The Dollar Index trades near 98 but has fair scope to decline towards 97/96 while the Euro can rise towards 1.18/1.1850 soon. The EURJPY can rise to 112 or higher while above 111. USDJPY can re-attempt to test 158+ levels while above 157. USDCNY has declined below 6.80 and has fair scope for a dip to 6.78/75 soon. Pound has risen above 1.36 and can head towards 1.37 if the rise sustains.  Aussie can test 0.73 or higher in the near term on a confirmed break above resistance near 0.7250. USDINR needs to remain below 94.50 to dip back towards 94.30/20 or lower; else we may see a sharp rise back towards 95 or higher.

Dollar Index (98.047) trades near 98 just now. On the 3-day candles chart there is room for a further decline towards 97 or even 96 before we may expect a rebound towards 98/99 again in the medium term.

EURUSD (1.1762) continues to trade above 1.17 and while the Dollar index may see a slow decline towards 97/96, Euro can rise towards 1.18/1.1850 or even higher in the . medium term.

EURINR (111.1321)   can have a fair scope of a rise to 112-112.50 while above 111.

EURJPY (184.76) may attempt to rise back towards 186-188 region while above 184.

Dollar-Yen (157.08) did not sustain much below 157 and has managed move up. But if the rise does not hold well in the next few sessions and take it towards 158 and higher, we might have to allow for another dip to 156.

USDCNY (6.7959) is trading below 6.80 and if the fall sustains, we may see a test of 6.78/75 in the medium term. Overall view is bearish below 6.80.

Aussie (0.7233)    is trading near crucial resistance at 0.7250 which if holds can keep it in a narrow range of 0.7250-0.7150. Else a break above 0.7250, if seen can be bullish for the currency in the medium term. This looks like a fair possibility.

Pound (1.3594)   too needs a sustained rise above 1.36 to rise higher towards 1.37/38. Till then a narrow range of 1.32-1.36 can continue to hold as the near term trade range.

USDINR (94.4850) tested 94.67 on Friday but managed to close slightly lower. A sustained break above 94.50 is needed for the Rupee to depreciate towards 95 else we may expect a rebound towards 94.30/20 region.

The US Treasury Yields are holding well above their support and have risen in the early trades today. Rise in the oil price is helping the yields. While the yields sustain above their support, the bias will remain bullish, and more rise is possible. The German Yields are hovering above their support. We expect them to sustain above their support and rise back in the coming days. The outlook remains bullish. The 10Yr GoI has risen well on Friday. Failure to get a strong follow-through rise today will still keep it vulnerable to fall first before seeing a sustained rise. We will have to wait and watch.

The US 10Yr (4.39%) and 30Yr (4.96%) Treasury yields have held well above their support and have risen back. While above 4.3%-4.25% (10Yr) and 4.9%-4.85% the bias will remain bullish to see 4.5%-4.6% (10Yr) and 5.15%-5.2% (30Yr).

The German 10Yr (3%) and 30Yr (3.54%) yields are hovering above their 3%-2.95% (10Yr) and 3.5%-3.45% (30Yr) support zone respectively. We expect this support to hold and the yields to rise towards 3.3% (10Yr) and 3.7% (30Yr).

The 10Yr GoI (6.9809%) has risen well on Friday. Failure to get a strong follow-through rise above 7% will still keep the downside open to see 6.9%-6.85%. We will have to wait and watch.

Dow has reversed after failing to break above 50000 and may continue within the 50000-49000 range, while DAX has turned weaker and can decline towards 24000. Nifty remains relatively stable above 24150 and can rise towards 24500 within the broader 24500-23500 range. Nikkei has corrected sharply after recent highs but can bounce back towards 64000 while above 62000. Shanghai remains strong and may extend gains towards 4225-4250 in the near term.

Dow (49569, -0.25%) has reversed sharply after failing to break past 50000. While below this level, our earlier mentioned 50000-49000 range can hold for some time.

DAX (24337, -0.09%) is falling sharply and the earlier mentioned rise may not take place. Instead, it can decline towards 24000 in the coming sessions.

Nifty (24,176.15, -0.62%) dipped on Friday but is holding above 24150 and can rise towards 24500 in the coming week, keeping the earlier mentioned 24500-23500 range intact.

Nikkei (62560.20, -1.78%) as expected, rose to a high of 63850 on Friday and has fallen back sharply today to current levels. While above 62000, it can bounce back towards 64000 or higher in the coming weeks.

Shanghai (4203.45, -0.57%) has risen to 4200 in line with our expectations. A further rise towards 4225-4250 can be seen in the coming sessions.

Brent may continue within the $ 95-$ 115 range, while WTI can trade between $ 90-$ 110 until clearer directional cue emerges. Gold needs a break above $ 4800 to target $ 4900-$ 5000, otherwise it risks slipping towards $ 4600-$ 4500. Silver remains positive with upside towards $ 85-$ 90. Copper has turned strongly bullish and can rise further towards $ 6.50-$ 6.60. Natural Gas has moved above $ 2.80 but may face resistance near $ 3, keeping the broader $ 3-$ 2.50 range intact.

Brent ($ 104.50) has moved higher and remains volatile. The direction is unclear at the moment, and a broad range of $ 115-$ 95 can hold for some time.

WTI ($ 99.05) remains highly volatile and can trade within a broad range of $ 90-$ 110 for some time until further directional clarity emerges.

Gold ($ 4691.60) needs a sustained break above $ 4800 to move higher towards $ 4900-$ 5000 in the near term. Otherwise, it risks falling back towards $ 4600-$ 4500.

Silver ($ 81.41) is moving up gradually in line with our expectations and can rise towards $ 85-$ 90.

Copper ($ 6.33) has bounced back sharply to a high of $ 6.32 on Friday, exceeding our expectations. A further rise towards $ 6.50-$ 6.60 can be seen in the near term.

Natural Gas ($ 2.8270) has moved above $ 2.80 but can face rejection near $ 3, which may push the price lower again and maintain a broad range of $ 3-$ 2.50.

GMT 14:00 IST 19:30 US Ex Home Sales
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GMT 12:30 IST 18:00 US Unemp Rate
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GMT 12:30 IST 18:00 US Avg Hrly Earnings
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GMT 13:30 IST 19:00 US Average Hourly Earnings Production & Non Supervisory Employees
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{GMT 12:30 IST 18:00 CA Labour Force
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