Wednesday, 31 January 2018

Good Morning!

U.S. equities were down for second straight day yesterday with DOW marking its biggest two-day drop since September 2016, all due to rising bond yields & selloff in healthcare.
Asian stocks pulled back further from record highs today as the recent rise in global bond yields weighed on equities.
The dollar index held steady today as investors awaited U.S. Federal Reserve’s policy decision where comments on the pace of expected interest rate hikes this year would be watched.
The Indian Rupee to is seen opening at 63.64 with expectations for USDINR to trade mildly bullish approaching the 63.85 resistance.

No comments:

Post a comment

Volume and Open Interest suggesting an accumulation in USDINR

USDINR futures prices were seen consolidating while  volumes  and OI were seen increasing suggesting accumulation.