Tuesday, 12 June 2018

Good Morning!

The Dollar index edged higher as investors expecting a positive outcome from Trump - Kim meeting as Trump told Kim "we will have a terrific relationship" amid handshakes.

IMF chief Christine Lagarde warns that "clouds over the global economy are getting darker by the day" pointing out Donald Trump’s America First trade policy.
Oil prices were little changed after Iraq’s Oil Minister said producers should not over exaggerate and "prices still require support and stability".
U.S 10 year Treasury yields missed to bounce above 3% once again.

Indian Rupee is expected to open near 67.45 a dollar and is expected to trade between 67.25 – 67.65 a dollar for the day.

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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.