Tuesday, 8 May 2018

Good Morning!

U.S. President Trump to announce his decision on the Iran nuclear deal tonight. Threatens to withdraw from the agreement that provides Iran with relief from sanctions. Oil prices decline.
Wall Street climbed yesterday, boosted by Apple's sixth straight day of gains whereas Asian equities climbed in morning trade today as investors await China’s April trade data due later in the day.
The dollar hovered near a four-month high today, supported by rising Treasury yields and broadly strong U.S. economic data, Euro was left struggling, hit by weak data.
The Indian unit is seen an opening at 67.15 a dollar and is expected to trade weaker following the 67.00-67.30 range today.

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.