The Dollar Index tested 109.50 as predicted and could reach resistance around 110-111. Meanwhile, the Euro fell below 1.03 due to weaker PMI and a dovish ECB outlook. If the decline continues, the pair might test 1.01-1.00. EURINR and USDJPY might trade sideways at 89.5-88.5/88 and 156-158 respectively. Pound and EURJPY slipped below 1.24 and 162, potentially falling to 1.22-1.20 and 160-158/57. The Aussie remains stable above 0.62, but upside might be limited to 0.6250-0.6300.
USDCNY is closed today. USDINR could rise further to 85.90-86.00 in the coming weeks. The US Manufacturing ISM data release today is noteworthy. US Treasury yields remain stable with a bullish outlook for further increases. German yields are approaching crucial resistance and need to break through to rise further. Otherwise, they could fall back. 10Yr GoI is declining as expected and has room to fall more. The Dow Jones remains bearish, potentially falling to 42000-41800. DAX, on the other hand, rose above 20000 and needs to break 20200 for further bullishness; otherwise, it could fall back to 19500. Nifty surged above 24150, but continued upward momentum is needed to reach 24400 or even 24800. Nikkei is closed today. Shanghai breached support at 3300 and trades near 3250. Below 3000, it looks bearish towards 3200-3150. Crude prices surged due to US economic strength and could rise further to 77-78 (Brent) and 74-75 (WTI). Gold, Silver, and Copper might rise towards 2700-2750, 30.5-31.0, and 4.10-4.15 respectively. Natural Gas looks bullish towards 3.8-4.0
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