WEEKLY OUTLOOK (18 - 22 FEB'19) - USDINR

TREND - BULLISH

Events effect rupee this week:-

• FOMC MINUTES

• USA CHINA TRADE TALK OUTCOME

• BRENT OIL BREACH FIBO (0.3820) resistance 63.17

• INDIA 10 YR BONDS ON SELL MODE (Border Tension)

• BREXIT CONFUSION

WEEKLY PROJECTION – 70.49 (70.90 – 71.78) 72.18

HIGHLIGHTS – 11TH FEB – 15TH FEB 2019

• INDIA FOREX RESERVE $398.12B Vs. $400.24B (WEEKLY).

• INDIA – PAKISTAN BORDER TENSION.

• DOLLAR HIT 3 MONTH HIGH.

• USA – CHINA TRADE TALK.

• GOLD DEMAND AS SAFE HAVEN.

• OIL RALLY ON SAUDI OUTPUT CUT IN JANUARY, HIT 2019 HIGH.

• EURO HIT ON WEAK DATA.

• USA RETAIL SALES FALL UP TO NEAR 2009 LEVELS.

• UK PM DELIBERATE ON BREXIT DEAL.