Thursday, 15 February 2018

Good Morning!

Wallstreet rally after the stronger than expected US inflation data last trading day while Asian markets rose following the footprint of global markets, the yield on the 10-year US Treasury note jumped to 2.92 percent on Wednesday, its highest levels in four years.
Dollar index traded lower against basket of major currencies, driving Euro, pound and yen higher, after stronger-than-expected rise in U.S. consumer prices in January bolstered bets that the Federal Reserve might raise interest 4 times this year 
Dollar-rupee is expected to open on a negative note, near 63.95 against the previous closing of 64.09 and expected to trade volatile in a range of 63.80-64.15 as market participant would keep an eye on WPI and trade balance numbers schedule today

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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.