Tuesday, 30 January 2018

Good Morning!

Wall Street retreated from record levels yesterday, with the Dow slipping more than 100 points, dragged lower by a slide in Apple shares.

Asian stocks backed off from record peaks today following the U.S. equities, while the dollar found support as US bond yields climbed to near four-year highs.

The dollar index traded above a recent three-year low yesterday has drawn some support from a rise in U.S. bond yields as traders awaited a U.S. Federal Reserve policy meeting for fresh catalysts.
The Indian Rupee to is seen opening weaker at 63.70 with expectations for USDINR to trade mildly bullish approaching the 63.85 resistance.

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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.