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USDINR TUESDAY PROJECTION

Writer: fxmethodsfxmethods

On Tuesday expecting USDINR pair starts with firm note. Yesterday Indian Rupee was in range bound against greenback but direction was positive side, getting some resistance at 75.82/83 levels and settled at 75.72/73.

INTRADAY - 75.15 (75.39 - 75.76) 75.95

EXPECTED SENTIMENT - UPSIDE SELL BUT FOR MID-TERM LIABILITIES DIP MUST COVER

GLOBAL HIGHLIGHTS


  • Japanese, Korean & Chinese market on holiday

  • Malaysia Is Set for Bigger-Than-Usual Rate Cut

  • The euro was pressured by a court challenge from German academics to the European Central Bank's bond buying program.

  • U.S. Treasury blasts records with $3 trillion borrowing need this quarter

  • Australia: Weekly jobs drop by 7.5%, wages decrease by 8.2%

  • Britain needs trade deal with EU to remove uncertainty: U.S. Chamber

  • Oil prices rise on demand prospects as lock-downs start to ease

  • Commodity currencies creep back, but Sion-U.S. tensions temper mood

  • Gold Powers Ahead on $1,700 Path, Helped by U.S. Rhetoric on China

 
 

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