Thursday, 23 August 2018

Good Morning!

The U.S. indices closed mixed yesterday and Asian equities started cautiously today as the deadline for fresh US tariffs on China comes closer.
Speculations that US President Trump’s political position could be threatened by the legal woes of two former advisers also kept the markets in check.
There are no signs that the new round of tariffs would be halted as the low-level discussions between US & Chinese officials started for the first time in over 2 months.
U.S. oil edged up on today extending gains from the previous session, lifted by a decline in U.S. commercial crude inventories, while international crude is weaker due to the Sino-US trade dispute.
The U.S. dollar broadly rose against the euro and other currencies after minutes of the Fed's latest policy meeting suggested it is on course to further raise interest rates.
The Indian Rupee is seen bearing the effect of a strong dollar to open near 70 and expected to trade weaker between 69.80-70.40 for the day.

Karvy Forex

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