The 30 Year T-Bond futures are perking up pre-market on Tuesday after America's economic data disappointed. As a result, the 30 Year futures are flexing their negative correlation with U. S. equities.

Though the 30 Year futures have bounced from our 1st tier downtrend line, they haven't made any game-changing moves to awaken from the depths of their present downtrend.

The lack of follow through to the upside paints a distorted picture. On one hand, we could be witnessing insufficient demand in the bond market to compensate for the massive supply of treasuries created to fund the government's stimulus measures despite the Fed's use of quantitative easing.

The Indian currency gained 0.66% against the US dollar for the week ended Friday, April 10 to stand at 50 as compared to 50.33 during the last week’s closure on April 3 mainly because of the strong rally in local equities and firm US unit.

Rupee, on Monday, went up on the back of sharp gains in the local equities that lifted up the hopes of the foreign fund inflows, but reduced its gains as refiners bought US units.

The partially convertible Indian currency marked its closure 0.6% stronger at 50.04/05 against USD than Thursday`s close of 50.33/35.

The USD/JPY is still stuck around 100 as the highly-psychological level is proving to be as difficult to overcome as investors could have anticipated. Core Machinery Orders came in far above analyst expectations today, showing capital expenditure is improving in Japan due to dwindling inventories.

Core Machinery Orders are forward looking, so the positive release gives investors hope that the Japanese economy could be finding a bottom. Aso is expected to announce a $150+ Billion stimulus package by the end of the week aimed at reviving the downtrodden economy.