Thursday, 24 May 2018

Good Morning!

Geopolitical tensions once again made their place on the headlines today. Trump administration considering plans to impose up to 25% in new tariffs on imported vehicles.
China’s Commerce Ministry said on Thursday that it had not pledged to cut the country’s trade surplus with the U.S be a certain figure.
U.S 10 year treasury yields extended its correction and seen quoting below crucial 3% today morning.
Crude oil prices were also seen trading just below crucial $80 mark on Brent.
The Indian Rupee is likely to open near 68.30 and is expected to trade between 68.40 - 68.15 range for the day.

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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.