The majority of currency pairs are expected to remain range-bound.

Most currency pairs are expected to trade in a range. The Dollar Index may stay within 98–101, while the Euro has broken above 1.16 and could extend to 1.1650–1.17 before pulling back. EURINR has surged due to Euro strength and Rupee weakness, potentially testing 110 before dipping. EURJPY may hold between 182–185, and USDJPY within 157–160. USDCNY remains stable in the 6.88–6.92 range. The Aussie and Pound may trade in 0.69–0.72 and 1.32–1.35 ranges, respectively. USDINR is likely to decline toward 93.25–93.00, with upside capped near 94.

US Treasury yields remain elevated but stable, with support limiting downside and preserving the broader uptrend. A short-term dip or consolidation is possible before yields resume their upward move. German yields may see a corrective decline before continuing higher. The 10-year GoI yield is trending up, with intermediate resistance suggesting a temporary dip before further rise.

Global equities have rebounded on easing Middle East tensions, though key resistance levels cap gains. The Dow has recovered but remains at risk of falling toward 45,000 while below 47,000. DAX has surpassed 23,000 but needs a break above 23,500 to sustain an uptrend; otherwise, it may slip toward 22,000. Nifty failed near 22,950 and requires a move above 23,000 to target 23,500–24,000, else downside toward 22,000 remains. Nikkei is gaining but stays bearish under 54,000, with potential to drop toward 50,000–48,000. Shanghai may extend gains to 4,000–4,100.

Crude oil is easing on reduced geopolitical tensions. Brent may decline to $90–$85 if it breaks $95, and WTI could fall to $82–$80 if it holds below $90–$88. Precious metals have rebounded: Gold may rise toward $4,800–$5,000 and Silver toward $78–$80. Copper remains weak under $5.70, potentially falling toward $5.00. Natural Gas is nearing support at $2.80, likely trading in a $2.80–$3.30 range if support holds.

Sources: Vikram