USDINR
On Friday, USDINR regularly maintain south side momentum, we are expecting pair will commence session with gap down opening between 73.60 / 73.70 levels as greenback slip ahead of job data. Thursday Covid19 cases in India hit record 4.14 lacs and we loss valuable 3920 persons.
Day Trend: - Oversold.
INTRADAY RANGE – 73.30 (73.55 – 73.82) 74.07
EURUSD
EUR/USD hold and turn higher we will use 11985 as the floor; stay above on a daily closing basis and the short-term bias is neutral at worst to bullish. A daily close below support will be a warning that further weakness is on its way.
Day Trend: - BULLISH.
INTRADAY RANGE – 1.2185 (1.2105 – 1.2025) 1.1945
GBPUSD
The cable pair benefits from the latest Brexit-positive news while waiting for the fresh clues ahead of the US Nonfarm Payrolls (NFP) and recent election results.
Day Trend: - BULLISH.
INTRADAY RANGE – 1.4019 (1.3933 – 1.3847) 1.3761
GLOBAL OUTLOOKS
Asia Pacific Indices were mostly up morning after U.S. shares closed at a record high on the back of positive economic data.
U.S.-China tensions are also on investors’ radars after reports that U.S President Joe Biden’s administration will maintain the current limits on U.S. investments in certain Chinese companies.
Treasuries were steady on Friday, with the benchmark 10-year yield near the 1.57% level which is well below recently hit highs.
Gold finally recaptured its $1,800 an ounce berth after a 10-week lapse. Gold has also been notably late in reflecting ramping concerns about U.S. inflation — when it should have been the first commodity to do so, given its long-standing role as a store of value.
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