Kshitij Consultancy Services
Graph Gallery WHERE ARE THE GLOBAL MARKETS GOING?
TECHNICAL CHARTS
FUNDAMENTAL CHARTS
Morning Briefing Dollar Index (96.89) remains extremely weak as it gets closer to our target/support of 96.50-00 which is expected to be met this week. On the other hand, a strong Euro (1.1249) is not far away from our initial target/resistance of 1.1300. If any profit booking is seen in Euro either near 1.1300-30 or near the higher long term resistance of 1.1400-50, then corresponding short covering can be expected in Dollar near 96.50 or 96.00. Better to watch them as a pair at this point.
The German-US 10 Yr (-1.85%) is headed towards resistance near -1.75% and while it moves up, Euro could test 1.13 or higher in the medium term.