Friday, 18 May 2018

Good Morning!

U.S. President Trump said China "has become very spoiled on trade,".
Japan reported CPI data that missed expectation and failed to meet its 2% inflation target again, sending the yen lower.
Escalating trade tensions and rising oil prices kept investors grappled, thus leading to a choppy trading session on the Wall Street that ended lower.
Asian equities edged up today as investors kept a cautious watch on developments in US-China trade negotiations.
The dollar index hovered near five-month highs well above the 93 level in Asia today morning, after climbing to this year’s fresh high at 93.46 overnight.
The Indian Rupee is seen opening at 67.84 a dollar and is expected to trade weaker approaching 68 again.

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.