Wednesday 28 February 2018

Good Morning!

US equities closed lower after U.S. Federal Reserve Chair Jerome Powell spurred speculation that interest rates may rise faster than expected, while Asian market is also trading lower on early Wednesday after Powell speech last night
Dollar index closed higher against majors mainly Euro & Sterling after hawkish comments by fed chairman Jerome Powell 
The dollar- Rupee expected to open near 65.15 against the previous closing of 64.87 after hawkish comment from Fed chairperson and sell off in global equities thus dollar likely to continue its ongoing trend with today expected range 64.95-65.35

Tuesday 27 February 2018

Good Morning!

A decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic growth.
US stocks rose to more than three-week highs yesterday, recovering much of the losses sustained in a sell-off earlier this month, followed by Asian shares that extended their recovery early today as US borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell's highly-anticipated first congressional testimony later in the day.
FX today was consolidating the dollar's attempts to reclaim the 90 handle on Central Bank divergences once again, with the DXY making a high of 90.05 but unable to hold onto the territory despite US yields picking up as the session went by.
The Indian Unit is seen opening at 64.80 a dollar and expected to trade volatile between 64.50-65.10 for the day.


Friday 23 February 2018

Good Morning!

A "bunch of hikes" could turn Fed policy restrictive, says Bullard. Benchmark 10-year US Treasury yields retreated from the more than four-year highs hit on Wednesday.
US equities advanced yesterday, putting major indexes on track to splinter the recent series of declines, buoyed by gains in industrial and energy shares. Asian shares rebounded on Friday as comments from the Fed official eased worries that the central bank might raise rates more aggressively this year.
The dollar slumped broadly today after its recovery this week faded as U.S. Treasury yields declined from their recent peaks.
The Indian Unit is seen opening around the 65 mark and USDINR is expected to hover around 65 today with a mild downward bias.

Thursday 22 February 2018

Good Morning!

Fed's January meeting pushed benchmark U.S. Treasury yields to a four-year high. US stocks closed lower yesterday in a rocky session. Asian equities follow the footsteps today.
The dollar index traded near a one-week high today near the 90 mark, rising after minutes of the Federal Reserve's January meeting showed policymakers were more confident of the need to keep raising interest rates..
The Indian Unit is seen opening at 65.05 and expected to trade bullish between 64.80-65.20 for the day.

Tuesday 20 February 2018

Good Morning!

The U.S. markets were closed yesterday for a holiday, leaving Asia short of the usual leads, with focus on whether Wall Street could continue its recovery once trading resumes.
Asian stocks dipped today, their recent recovery slowing after European equities broke a winning streak, while the dollar held firm after bouncing from three-year lows.
The dollar index steadied on Tuesday after pulling ahead from a three-year low the previous day. DXY was dogged by growing concerns a ballooning fiscal deficit in the United States could disrupt the economy.
The Indian Unit is seen opening at 64.53 and expected to trade mildly bullish between 64.40-64.80.

Friday 16 February 2018


Good Morning!


Wall Street surged on tech lift for the fifth straight session which lifted Asian equities on the last day of the week, but trading in the region subdued with many markets shut for the Lunar New Year holiday. Dow and S&P 500 break above their 50-day moving averages as bond yields hit fresh multiyear highs.
BOJ’s Kuroda says powerful easing still required for now & BOJ will communicate its intentions on easing clearly when the time comes, to avoid market turbulence. Yen is constantly strengthening.
Oil prices edged higher today as the dollar stood near a three-year low in subdued Asian trade.
The dollar index grew weak near a three-year low today, headed for its biggest weekly loss in nine months, as a slew of bearish factors offset support for the U.S. currency from rising Treasury yields amid firming inflation.
The Indian Unit is seen an opening around 63.85 and is expected to play the 63.75-64.00 range for the day.

Thursday 15 February 2018

Good Morning!

Wallstreet rally after the stronger than expected US inflation data last trading day while Asian markets rose following the footprint of global markets, the yield on the 10-year US Treasury note jumped to 2.92 percent on Wednesday, its highest levels in four years.
Dollar index traded lower against basket of major currencies, driving Euro, pound and yen higher, after stronger-than-expected rise in U.S. consumer prices in January bolstered bets that the Federal Reserve might raise interest 4 times this year 
Dollar-rupee is expected to open on a negative note, near 63.95 against the previous closing of 64.09 and expected to trade volatile in a range of 63.80-64.15 as market participant would keep an eye on WPI and trade balance numbers schedule today

Wednesday 14 February 2018

Good Morning!

U.S equities edged up overnight for a third straight session with all the three major indices closing in the green.
Investors remain on edge ahead of U.S inflation report that could soothe, or inflame fears of faster rate hikes globally.
Asian equities turned mixed in early morning session as investors remain cautious ahead of U.S inflation data.
Dollar-Rupee is expected to open with a bearish bias close to 64.20 against the previous close of 64.31, the currency pair is expected to trade in a range of 64.17-64.37 for the day

Monday 12 February 2018

Good Morning!

US equities ended a wild week where there was a bit of buying seen towards the end that pushed the indices up, but still recorded their worst week in two years with investors looking forward for markets to continue being volatile.
Asian markets were mixed early on Monday while oil prices edged up after recording six straight days of declines.
The Dollar index recorded its strongest week in almost 15 months. Inflation readings from the U.S., UK, and Germany along with world’s leading central banks’ actions on easy policies will be driving the index this week.
The Indian unit is seen opening around 64.35 with expectations to play the 64.20-64.50 range for the day.

Friday 9 February 2018

Good Morning!

Wall Street plunges on Thursday with indices slumping more than four percent as Dow Jones suffered yet another big slide in the face of rapidly-rising bond yields, with perceived havens such as the yen and Swiss franc in demand amid the turmoil
While most of the Asian markets are trading down more than 2 percent after global selloff
Dollar traded lower against yen and Sterling as global stock markets plunged again, triggering a rush into traditional safe-haven currencies like Yen which edges towards four months high while Sterling surges after BOE hawkish comment
Dollar-rupee is expected to open on a positive note, near 64.45 against the previous closing of 64.25with selloff in equities market and rising bond yields, the pair likely to trade with a positve bias in a range of 64.26-64.65 range for the day

Thursday 8 February 2018

Good Morning!

US equities closed lower after an early surge as a spike in yields spooked investors of aggressive monetary tightening by Federal Reserve while Asian shares mostly climbed on Thursday after last session's rally faltered late in the day.
The dollar index closed above psychologically mark of 90 while U.S 10Y treasuries quote at 2.81%, the dollar gained against Euro and Japanese Yen in early Asian trade and remained flat against Pound.

The Indian Rupee expected to open near 64.36 against previous closing of 64.27 and likely to trade in a broader range of 64.18-64.55 with 64.40 acting as a pivot for the day and equities market & bond yield giving further direction in the pair,

Wednesday 7 February 2018

Good Morning!

US benchmark S&P 500 stock index closed more than 1.0 percent higher after a sharply volatile session on Tuesday, CBOE volatility index, widely considered a barometer of expected near-term volatility for S&P 500 closed lower.
Asian equities advanced on Wednesday opening retracing losses made in the last session following U.S indices.
Dollar gained against Yen but lagged against Euro following U.S equities surge
The Indian Rupee expected to open near 64.12 against previous closing of 64.24 and likely to trade volatile  as market participant would keep an eye on RBI policy schedule today with equities market & bond yield giving further direction in the pair,
Range -63.90-64.30

Tuesday 6 February 2018

Good Morning!

Wall Street plunges on Monday with indices slumping more than four percent as Dow Jones notched its biggest intraday decline in history with a nearly 1,600-point drop, single-day percentage drops since August 2011, a period of stock-market volatility marked by the downgrade of the United States' credit rating and the eurozone debt crisis.
Asian market crash more than 3 percent with Nikkei falling above 5% after the global sell-off and rise in yields.
The dollar index against a basket of major currencies stood tall on Tuesday after the equities sell-off while Euro and pound trade lower against dollar
Dollar-rupee is expected to open on a positive note, near 64.35 against the previous closing of 64.06 after the sharp selloff in equities market last trading day, and likely to trade with a positive bias in a range of 64.20-64.55

Monday 5 February 2018

Good Morning!

Wallstreet fell notably as markets to add to the large losses set last week after the Bureau of Labour Statistics said the US economy added 200,000 jobs in January. That number was higher than the 180,000 jobs expected by economists in a Reuter’s poll while Asian markets traded lower on today’s morning following the footprint of US markets.
The dollar index against a basket of major currencies traded marginally higher after U.S. payrolls report showed wages growing at their fastest pace in more than 8-1/2 years and fuelling inflation expectations.
Dollar-rupee is expected to open on a positive note, near 64.18 against the previous closing of 64.06 after the sharp selloff in equities market last trading day, and likely to trade with a positive bias in a range of 64-64.40

Friday 2 February 2018

Good Morning!

Asian market trading lower early Friday after Wall Street closed mixed and yields on US government debt rose in the last session.
US Treasury yields continued to climb after economic indicators seemed to confirm the Fed's inflation views.
The U.S. dollar index trading flat, holding above a three-year low of 88.42 set one week ago, but rose against the Japanese yen but failed to extend those gains to other currencies such as the euro and sterling, with market participant would be watching NFP data schedule later during the day for further direction

The Indian Rupee expected to open above 64.05 against previous closing of 64.01 and likely to trade volatile in the range of 63.85-64.25 with equities market & bond yield giving further direction in the pair. 

Volume and Open Interest suggesting an accumulation in USDINR

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