Tuesday, 20 February 2018

Good Morning!

The U.S. markets were closed yesterday for a holiday, leaving Asia short of the usual leads, with focus on whether Wall Street could continue its recovery once trading resumes.
Asian stocks dipped today, their recent recovery slowing after European equities broke a winning streak, while the dollar held firm after bouncing from three-year lows.
The dollar index steadied on Tuesday after pulling ahead from a three-year low the previous day. DXY was dogged by growing concerns a ballooning fiscal deficit in the United States could disrupt the economy.
The Indian Unit is seen opening at 64.53 and expected to trade mildly bullish between 64.40-64.80.

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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.