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

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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.