Thursday, 8 February 2018

Good Morning!

US equities closed lower after an early surge as a spike in yields spooked investors of aggressive monetary tightening by Federal Reserve while Asian shares mostly climbed on Thursday after last session's rally faltered late in the day.
The dollar index closed above psychologically mark of 90 while U.S 10Y treasuries quote at 2.81%, the dollar gained against Euro and Japanese Yen in early Asian trade and remained flat against Pound.

The Indian Rupee expected to open near 64.36 against previous closing of 64.27 and likely to trade in a broader range of 64.18-64.55 with 64.40 acting as a pivot for the day and equities market & bond yield giving further direction in the pair,

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