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.

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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.