Rupee : Rupee is expected to move close to 48.30 levels (slight weak) since dollar maintains momentum in international market . We would consider it has an opportunity to initiate short dollar positions.The Indian stocks has been falling from the last 3 trading sessions. Please note if the dollar momentum continues and Indian stocks sell off pushes rupee above 48.60 we would consider medium term weakness to resume till then rupee maintains stronger bias. Neutral (USD/INR : 48.01)

Euro :Euro broke the support of 1.42 levels on Friday despite better payrolls (first time after so many days the co relation broke between risk appetite and dollar)and continued its fall on Monday. We maintain bullishness only and only if 1.42 above stays otherwise we could see corrections till 1.4007 levels. . Slight Bearish (EUR/USD 1.4140)

Sterling : Cable showed both sides move post non farm payroll ending the US Session on a weaker note close to 1.6660 levels. It has shown a shooting star bearish pattern taking resistance from the 100 day Weekly resistance at around 1.7060 levels. It maintained its weakness on Monday and unable to cross 1.6750 and went to to low of 1.6429 levels . Current bias shifts to bearishness and a break of 1.6350 (weekly trendline) would confirm a trend reversal for the pair and target 1.58 again (GBP/USD 1.6490) . Slight Bearish

Yen : Yen broke the weekly trendline of 95.40 after a long phase of consolidation . Expect the levels to act as an important support now and target 99 levels in medium term. (USD/JPY 96.70) Bearish

Aud : Aud has been maintaining a stronger bias from the last few sessions.We have not witnessed huge corrections in commodity prices despite dollar buying on Friday.It is bullish until we see a break below 0.7950.(AUD/USD -0.8344) Bullish but Overbought

Gold : Gold maintains bullish bias above 950 dollars. Bearish only below 935 dollars. (Gold- $945.56). Bullish

Dollar Index : The Dollar Index (basket against 6 currencies with EUR accounting for 57% of the basket) rebounded close to 77 levels. Expect retracement till 79.50 levels.Closing above 82 levels would change the bias of the index. (Dollar Index - 79.16) Neutral

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DISCLAIMER These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy.