Thursday, 21 June 2018

• The Nasdaq touched a record yesterday, lifted by a surge in large-cap tech and consumer companies, while the Dow and S&P 500 had a restricted movement as concerns over an escalation in the U.S.-China trade spat simmered.
• Euro zone finance ministers will decide today how much cash and debt relief to give Greece in return for compliance with economic reforms, to ensure Athens can finance itself after it exits its bailout in August.
• Oil prices fell today as Iran signaled it could be won over to a small rise in OPEC crude output, potentially paving the way for the producer cartel to agree a supply increase during a meeting on Friday.
• The dollar index hovered near an 11-month high today, supported by a rise in U.S. yields, while the pound struggled at its lowest level since November 2017 ahead of BoE's monetary policy decision.
• The Indian Rupee is seen opening around 68.15 a dollar and is expected to trade weaker between 68.00-68.40 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.