Wednesday, 11 July 2018

Good Morning!

The Trump administration plans to publish a list of 'new' tariffs that are to be imposed on 200 billion worth of Chinese goods.
These threats from the U.S. sent Asian equities lower today, with China's markets leading the declines, due to sharp escalation in the trade war between the world's two biggest economies worsened.
The S&P 500 rose yesterday to post its highest closing level since February 1, the day before the market began a sharp extended selloff, on optimism about the earnings season.
Oil prices fell after the United States said it would consider requests from some countries to be exempted from sanctions it will put into effect in November that prevents Iran from exporting oil.
The Dollar index is seen gaining strength again and USDINR set to6 open around 68.75 with expectations to play the 68.50-68.90 range today.

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.