Monday, 5 February 2018

Good Morning!

Wallstreet fell notably as markets to add to the large losses set last week after the Bureau of Labour Statistics said the US economy added 200,000 jobs in January. That number was higher than the 180,000 jobs expected by economists in a Reuter’s poll while Asian markets traded lower on today’s morning following the footprint of US markets.
The dollar index against a basket of major currencies traded marginally higher after U.S. payrolls report showed wages growing at their fastest pace in more than 8-1/2 years and fuelling inflation expectations.
Dollar-rupee is expected to open on a positive note, near 64.18 against the previous closing of 64.06 after the sharp selloff in equities market last trading day, and likely to trade with a positive bias in a range of 64-64.40

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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.