USDINR
On Friday, USDINR is likely to commence between 81.20 – 81.30 levels as dollar slid as a slew of data continued to show that the U.S. economy was slowing down in the wake of multiple hefty interest rate hikes from the Federal Reserve, with the market anticipating a pause in tightening this year.
USDINR TECHNICAL
Day Trend: - HOLD
Weekly Trend: - HOLD
INTRADAY RANGE – 81.62 (81.42 – 81.19) 80.98
THE ECB
On Thursday, European Central Bank President Christine Lagarde said inflation is far too high and the ECB will keep raising interest rates. The euro rose 0.41% against the dollar to $1.0834. It hit a nine-month high of $1.089 on Wednesday.
THE New Zealand
The New Zealand dollar also fell at US$0.64, after New Zealand Prime Minister Jacinda Ardern on Thursday made a surprise announcement that she would step down no later than early February and not seek re-election.
THE GOLD
on Friday, Gold prices hovered at a nine-month high after a sharp rally in the prior session and were headed for a fifth consecutive week of gains amid resurgent safe haven demand and growing uncertainty over the path of U.S. monetary policy.
THE OIL
Oil prices up about 0.77%, as bulls in the space bet on falling U.S. refinery runs to lead to an imminent tightening in fuel supply, even as latest weekly data showed big builds in both crude oil and gasoline.
You’re going to learn a million things, then you need to forget them all and focus on one.
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