USDINR
On Tuesday, the Domestic unit likely to commence session with firm note between 73.90/74.00 levels against greenback as IND 10Yr treasury yields moving south as well as domestic unit getting support from local equity market.
Day Trend: - OVERSOLD, BUY ON DIP.
INTRADAY RANGE – 73.26 (73.69 – 74.12) 74.38
GBPUSD
Sterling was perched near a week-high on to sit at $1.3905 as traders reckon the Bank of England may announce a slowdown of its bond purchases at its Thursday meeting.
Day Trend: - BEARISH
INTRADAY RANGE – 1.4097 (1.3968 – 1.3839) 1.3710
EURUSD
The euro and had overnight punched through its 20-day moving average against the dollar, In case the Bears’ momentum increase further and break down the support level of $1.20, then, the price may decrease to $1.19 and $1.27 support level.
Day Trend: - BEARISH
INTRADAY RANGE – 1.2153 (1.2091 – 1.2029) 1.1967
Global Highlights
Asia's Indices were mostly higher Tuesday as regional equity investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen.
Federal Reserve chairman Jerome Powell said the U.S. economy was doing better but was "not out of the woods yet" as the central bank prepared to release a study on the disparate effects of the pandemic on the country's different demographics.
U.S. Treasury yields fell after data showed manufacturing activity growth slowed in April amid supply chain challenges and rising demand fueled by the COVID-19 vaccine rollout and fiscal stimulus.
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