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.

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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.