Euro       : Euro moved to our target of 1.3770 levels and still moving lower. It is expected to move lower till 1.36 levels. Do not initiate longs until we see 2 higher consequtive closings. Exporters wait for correction to book forwards. Importers start booking close to 1.36 -1.37 levels. Range for the day could be 1.3680 to 1.3770. (EURUSD - 1.3711)Bearish

Sterling    : GBPUSD is expected to move close to the lower bollinger of 1.57 levels.Shorts seem to be risky here. Exporters wait for correction to initiate selling again. Range for the day could be 1.57- 1.58 levels.(GBPUSD - 1.5723) Bearish.

Yen         : The JPY is holding strong and expected to be stronger targeting 88.40 levels and even lower due to increased risk aversion. Only a break of 93.00 levels would change the bias of the Yen. (USDJPY- 89.65) Bullish.

Aud        : AUDUSD is currently trading at 0.8670 levels.  Staying below .8800 continously could only move the pair to .8452 levels.(AUDUSD - 0.8670) Neutral.

Gold     : Surprising increase in initial jobless claims raised worries about the pace of US economic recovery. This, together with sovereign credit risks in European countries, triggered sell off in risky assets including commodities like Gold. Gold has weakend to $1065 levels currently and the correction till $1004 levels can be expected. (Gold-$1065) Neutral.

Dollar Index : Our initial target for dollar index of 80 levels has been met as it is currently trading at 80.13 levels. This is on account of risk aversion which is hovering after the Interest rate decisions from ECB and BOE. NFP data is lined up for today evening which can further bring momentum. Overall dollar remain bullish as long as 78.68 support is held and further rise should be seen to 100% projection of 74.19 to 78.45 from 76.60 at 80.86 next. (DI -80.17). Neutral.