Wednesday, 23 May 2018

Good Morning!

U.S. President Donald Trump suggested, that his planned meeting with North Korean leader Kim Jong-un may not happen on June 12.
Chinas technology giant ZTE Corp. said to face at least $3.1 Bln in losses from US ban. Asian shares were seen trading lower on the back of comments from Trump and ZTE.
Brent Crude oil retreated from $80 but remains within the sight of 3 ½ year highs. U.S 10 year Treasury yields is seen trading lower at 3.05%.
Indian Rupee is likely to open near 68.18 and expected to trade within a range of 68 – 68.35 a dollar.

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.