Dollar Index has dipped below 104 while Euro heads towards 1.08. EURJPY and USDJPY have moved up well and can taregt 151 and 141 respectively. USDCNY looks bullish towards 7.15/20 while above 7.09/10 while Pound and Aussie have moved up and could continue to trade higher for a couple of sessions before facing a fall again by end of next week. USDRUB tested 82.80 yesterday and could attempt to test 83-84 soon with downside limited to 80. EURINR could hold above 88-88.50 for a few more sessions while USDINR can attempt to fall within 82.30-82.75/80.

The US Treasury yields have dipped slightly. They can oscillate and remain volatile in a sideways range ahead of the US Federal Reserve meeting next week. The German yields have dipped but can rise back again and move up to test their key resistances. The 10Yr and 5Yr GoI have risen well within their sideways range after the RBI meeting yesterday. We expect the range to hold and the broader downtrend to remain intact. The RBI left their policy rates unchanged yesterday.

Dow Jones continues to move up as expected. DAX is stuck in a narrow range but bias is positive to see a rally on the upside. Nifty fell sharply but has scope to get support near 18600-18400 region. Nikkei rebounds as the near term support has held well. Shanghai may continue to be range bound for some time.

Crude prices continues to trade mixed. Gold sustains above the vital support at 1950 and has rebounds toward 1980. Silver has risen sharply towards the immediate resistance at 24.50 and looks likely to break above it. Copper remains bullish for a break above 3.80 and target further upside.


Visit KSHITIJ official site to download the full analysis

The above views are based on the latest available information. Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. While the views are proffered with the best of intentions, neither the author, nor the firm are liable for any losses that may occur as a result of any action based on the above. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD gathers strength above 0.6400 amid optimism in US-China trade talks

AUD/USD gathers strength above 0.6400 amid optimism in US-China trade talks

AUD/USD edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland, boosts the Australian Dollar against the Greenback. Traders will keep an eye on positive developments that could support the China-proxy Aussie.

USD/JPY rises to over one-month high on US-China trade deal optimism

USD/JPY rises to over one-month high on US-China trade deal optimism

USD/JPY touches over a one-month high at the start of a new week in reaction to a US-China trade deal. Meanwhile, trade optimism helps ease concerns about a recession in the US. Moreover, the Fed's hawkish pause provides a goodish lift to the USD and further supports the currency pair. 

Gold tumbles below $3,300 on progress in US-China trade talks

Gold tumbles below $3,300 on progress in US-China trade talks

Gold price attracts some sellers to near $3,275 during the early Asian session on Monday, pressured by a stronger US Dollar. Optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower. 

Week ahead: All eyes on US CPI and trade talks amid no end to tariff uncertainty

Week ahead: All eyes on US CPI and trade talks amid no end to tariff uncertainty

US CPI report takes centre stage to gauge tariff impact. Progress in trade negotiations will also be watched, especially with China. US Retail Sales, UK and Japanese GDP on the agenda too.

Why the UK-US trade deal won’t herald a wider tariff climbdown

Why the UK-US trade deal won’t herald a wider tariff climbdown

For Britain, the UK-US deal secures lower tariffs without compromising forthcoming UK-EU talks. And for the US, it signals to investors that the administration is prepared to be flexible on tariffs. But we're sceptical that the deal will translate into a much wider de-escalation in US tariff policy.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Majors

Cryptocurrencies

Signatures

Best Brokers of 2025