Tuesday, 6 February 2018

Good Morning!

Wall Street plunges on Monday with indices slumping more than four percent as Dow Jones notched its biggest intraday decline in history with a nearly 1,600-point drop, single-day percentage drops since August 2011, a period of stock-market volatility marked by the downgrade of the United States' credit rating and the eurozone debt crisis.
Asian market crash more than 3 percent with Nikkei falling above 5% after the global sell-off and rise in yields.
The dollar index against a basket of major currencies stood tall on Tuesday after the equities sell-off while Euro and pound trade lower against dollar
Dollar-rupee is expected to open on a positive note, near 64.35 against the previous closing of 64.06 after the sharp selloff in equities market last trading day, and likely to trade with a positive bias in a range of 64.20-64.55

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Volume and Open Interest suggesting an accumulation in USDINR

USDINR futures prices were seen consolidating while  volumes  and OI were seen increasing suggesting accumulation.