Monday, 9 July 2018

Good Morning!

Traders will keep an eye on the trade tensions as China and the U.S. exchanged tariffs last week. The U.S. tariffs on $34 billion worth of Chinese goods came into effect on Friday.
Two key members of Theresa May government quit in protest at her plans for a soft exit from the European Union, Sterling Pound retreats.
Asian stocks rose in morning trade today as the U.S. reported stronger-than-expected job data.
A rise in Non-farm payrolls had a little impact on currencies. The Dollar index continues to bear the pressure trading close to 3-1/2-week lows after the slower-than-expected wages growth seen in Friday’s U.S. Jobs data.
The Indian Unit is seen opening stronger against the Dollar today at 68.56 with expectations to play the 68.45-68.85 range for the day.

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.