Friday, 4 May 2018

Good Morning!

US equities were mixed yesterday, swinging between positive and negative territory during the session as weak earnings reports from several companies offset strong economic data.
Asian shares stepped back in early trade today as financial markets turned their attention to the looming U.S. payrolls data for fresh stimulus.
Oil prices moved up today, extending the previous session’s modest gains as emerging geopolitical risks from possible new U.S. sanctions against Iran supported the oil market.
The Dollar slipped against the major Asian currencies today morning after it jumped to this year’s new high yesterday. The focus is on whether U.S. jobs data will provide the spark for another push higher.
The Indian Unit however, is seen opening flat again at 66.65 a dollar and might witness a mild appreciation in today’s session clinging to the 66.45-66.80 range.

Karvy Forex

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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.