Wednesday, 18 April 2018

Good Morning!

Optimism about the US corporate reporting season results into US indices rallying yesterday; followed by Asia where equities moved ahead but nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.
Oil prices edged up today on lower U.S. crude inventories, global supply risks.
The dollar held to moderate gains today after climbing off a three-week low on upbeat U.S. data, although lingering caution over U.S.-China trade tensions held currencies to narrow ranges.
The Indian Unit is seen opening at 65.68 a Dollar and is expected to trade the 65.50-65.80 range for the day.

Karvy Forex

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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.