Tuesday, 24 April 2018

Good Morning!

U.S 10 Year Treasury Yields rise close to the 3-percent mark. Asian stocks slip and Dollar rallies to 4-month highs.
A flood of US government debt this week and the spectre of inflation and a higher fiscal deficit drove US borrowing costs near four-year highs.
Oil rises to fresh 3.5 year highs in Asia on expectations of fresh US sanctions against Iran and as the demand continues to strengthen post OPEC output cut deal.
Indian Rupee is seen opening at 66.45 a Dollar and expected to trade further weaker if drops below the 66.50 mark.

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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.