Wednesday, 28 March 2018

Good Morning!

It was turnaround Tuesday in the financial markets as equities, currencies and treasury yields went on a free-fall in the last 2 hours of U.S. trade.
The move could be attributed to liquidation & adjustments of positions looking at the Quarter end in U.S. & fiscal year end in Japan. Bad news for the tech sector and softer U.S. economic reports also contributed to the move.
Asian shares pulled back today as Wall Street was knocked hard on concerns about tighter regulations on the tech industry, denting a brief global equities recovery driven by hopes of easing fears of a trade war between China and the U.S.
The dollar index retreated from session highs amid mostly negative economic data but losses were limited by easing fears of a global trade war and sterling weakness.
The Indian Unit however, is seen opening strong at 64.84 with expectations on USDINR to trade between 64.70-65.00 for the day.

Tuesday, 27 March 2018

Good morning

Asian markets rallied on Tuesday morning taking cues from US markets which closed stronger more than three percent as trade tensions between the US and China appeared to ease

The dollar index traded at 88.68 against a basket of currencies as Euro rose to its strongest levels in five weeks while dollar rebounded against Yen on back of a strong recovery in US stocks

Dollar-rupee is expected to open lower near 64.75 against the closing of 64.86 yesterday, with equities bounce back likely to continue expects the pair face resistance at higher levels for the day with today’s range 64.60-64.90

Friday, 9 March 2018

Good Morning!

Bank of Japan keeps monetary settings unchanged. Sticks to its upbeat view on the economy say massive stimulus program is helping drive up inflation toward its elusive target.
The European Central Bank as expected left interest rates unchanged and also the QE program.
US indexes closed higher yesterday after President Trump appeared to soften his stance on trade tariffs easing the ongoing trade war fears. Said Canada and Mexico would be exempt and that other countries could apply for exemptions. Asian equities made guarded gains today morning on news North Korean leader Kim Jong Un had offered to stop nuclear and missile testing and to arrange a meeting with US President.
The Dollar index moved up above the 90 handle and The Rupee against the Dollar is seen opening at 65.10 with expectations to trade mildly weak between 64.90 & 65.30 for the day.

Thursday, 8 March 2018

Good Morning!

US markets ended on a negative note on Wednesday as investors worried that US President Donald Trump would deliver on his threat to impose steep import.

The dollar index fell marginally against a basket of currencies, while Euro remains near 1.24 and pound near 1.39, the dollar had weakened sharply following the resignation on Tuesday of Gary Cohn, the top economic advisor to the White House who was seen as seen as a bulwark against protectionism in the Trump administration.

Dollar-rupee is expected to open near 64.94 against previous closing of 64.88 and likely to trade within a range of 64.75-65.05 with equities market driving the pair for the day.

Wednesday, 7 March 2018

Good Morning!

US markets ended on a positive note on Tuesday after a choppy session as investors worried about the prospects of a trade war due to mixed signals from Washington, while Asian markets are trading mixed after news on top Trump economic advisor would be resigning.

The greenback edged lower against Euro and pound while gained against Yen, after news on Cohn leaving white house hitting Euro above 1.24 levels
Dollar-rupee is expected to open near 64.88 against previous closing of 64.95 and likely to trade within a range of 64.70-65.05 with equities market driving the pair for the day.

Monday, 5 March 2018

Good Morning!

Asian shares hovered near 2-1/2 week lows and the safe-haven yen rose today amid fears of a global trade war, while the euro pared gains as investors worried Italy's national elections could deliver an anti-establishment government.
Italy's poll produced no outright winner on Sunday, according to exit polls that pointed to possible political gridlock, with voters backing anti-establishment and far-right parties in record numbers..
The euro clawed back earlier losses today but remained prone to volatility as early counts in Italian elections pointed to stronger-than-expected results for euro-skeptic parties, with no major party blocs winning an outright majority.
The Dollar near lowest since November 2016 vs yen MSCI Asia ex-Japan near lowest since mid-February Trump's tariff threat met with warnings of retaliation Italian exit polls point to hung parliament.
The Indian Unit is seen opening around 65.10 a dollar and is expected to trade between 64.95 & 65.25 for the day.

Thursday, 1 March 2018

Good Morning!

Asian markets continue to trade lower with Global American markets, as worries over rising interest rates hitting DOW and S&P to their worst month since Jan 2016
Dollar index traded stronger on Thursday after supports from FED chairperson Powell optimistic tone on the US economy in a boost to rate hike, while Sterling slides to three weeks lows after Barnier Brexit warning
Dollar-rupee is expected to open on a positive note, near 65.25 against the previous closing of 65.16 and expected to with a positive bias in a range of 65.05-65.45 with Equities markets giving further direction

Volume and Open Interest suggesting an accumulation in USDINR

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