Monday, 22 October 2018

Good Morning!

The S&P 500 along with Nasdaq edged lower last Friday in the U.S. due to ongoing concerns about rising interest rates and tensions over trade policy hitting economic growth.
Asian equities fell anew today as investors braced for the peak of the US earnings season while anxiety over Saudi Arabia, Italy and Brexit kept geopolitics front and center.
Oil prices edged up today, as markets are expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month.
The Euro and the British pound slipped against the dollar today as investors await developments around Brexit as well as Italy's budget plan which drew heavy criticism from the European Union last week. The Dollar Index haven’t had a major move yet but is hovering close to the critical 96 handle.
The Indian Unit too is seen opening almost flat against the Dollar and is expected to swing between 73.30-73.80 today.

Regards
Karvy Forex

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