Tuesday, 26 June 2018

• Global stocks extended a sell-off today followed by a drop in U.S. equities as an escalating trade dispute between the United States and other major economies drove investors away from riskier assets, lifting U.S. Treasuries and keeping dollar on the defensive.

• Oil prices rose on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag.

• Euro and Pound to be driven by the EU summit where the risks will be over the UK and EU's endeavors to come to a trade agreement.
• The Dollar index dipped below the 94.50 mark and is trading lower.

• The Indian unit is seen opening at 68.11 a dollar. USDINR expected to play the 67.90-68.30 range today.

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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.