Morning BriefingDollar index (91.17) seems to have decisively breached the 90.5-91.0 zone, thereby breaking crucial resistances on all charts (daily, 3 day and weekly). This recent strengthening of the Dollar might have been aided by the upmove in US yields, which in turn, has happened due to positivity around US economic growth. Our Apr ’18 Euro report’s forecast of medium term Dollar bullishness after May/Jun seems to be happening earlier. The ECB meeting later today could be important. Any increase in hawkishness from the ECB could still pull the Dollar down. Let’s wait and watch.
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Apr Calendar Wallpaper
The fall in Nifty PE has indeed dragged the Rupee REER lower as USDINR moved up from 63.35 in Jan '18 to 65.40 in Mar '18. Further decline in the Nifty PE can lead to ....
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Crude Oil Report
Brent and WTI could dip to 67 and 62 while below previous highs at 71.28 and 66.56 respectively. ... Read More
