Tuesday, 3 July 2018

European markets slipped sharply yesterday amid comments from Germany’s interior minister Seehofer says “Merkel is only chancellor because of me. Late night news also has confirmed that Seehofer – Merkel reached an agreement on migration which would give a relief rally today.
In another news trump moves to block china mobiles entry in to US citing national security, Chinese mobile shares drop to their lowest levels in more than four years.
White house announced that U.S secretary of State Mike Pompeo will visit N.Korea on Thursday, his visit got importance where several private agencies reported N. Korea secretly building nuclear weapons.
U.S Equities ended higher marginally after dropping in the early session. Asian stocks were largely in red with Hang Seng dropping by more than 3%.

Indian Rupee expected to trade between 68.65 – 69.05 ranges 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.