Good Morning! The weaker Jolts Jobs opening data release took the Dollar Index below 101.50 and if sustained below 101 can drag it towards 100.50-99.50.
The weaker Jolts Jobs opening data release took the Dollar Index below 101.50 and if sustained below 101 can drag it towards 100.50-99.50. Meanwhile, the Euro is trading higher within 1.10-1.11 region.
and EURJPY have fallen sharply below 145 and 160 respectively and failure to rise back can make the outlook further bearish in the near term. US ADP Employment data release is scheduled today. Aussie and Pound have risen well but a break past 0.6750 and 1.32 will be needed to maintain the ongoing bullishness.
is nearing the lower end of the 7.12/14-7.08 range. has risen past 93 and now it needs to hold well above the current levels to head towards 93.50. can continue to trade between 83.80 and 84.00. The US Treasury and the German yields continue to fall and are keeping intact our broader bearish view. Both the Treasury and the German yields have room to fall more from here. Any intermediate bounce could be short-lived. The 10Yr GoI has dipped, breaking its near-term range on the downside. The broader down trend is likely to resume after the next support at 6.84% is also broken in the coming days.
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