Tuesday, 21 August 2018

Good morning!

US President Donald Trump said he was not thrilled with Jerome Powell for raising rates.He also added as long as the US economy is okay,  there's no reason for fed to stop raising interest rates. Market participants are closely monitoring the developments over anticipated US -china trade talks. US stocks ended higher yesterday and the early raiser Asian equities were seen trading mixed. Oil prices edged up yesterday as expectations of US sanctions on Iran would cut the global supply. Indian rupee is likely to open near 69.68 a dollar and is expected to trade between 69.45 - 69.85 range for the day.

Regards,
Karvy Forex
www.karvyforex.com

No comments:

Post a comment

Volume and Open Interest suggesting an accumulation in USDINR

USDINR futures prices were seen consolidating while  volumes  and OI were seen increasing suggesting accumulation.