USDINR
Welcome to fresh week , On Monday USDINR very much likely to commence within range of 81.45-81.55 as dollar firmed and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve's, with traders keenly focused on guidance for the path of interest rate rises.
USDINR TECHNICAL
Day Trend: - HOLD
Weekly Trend: - BUY FOR LONG TERM
INTRADAY RANGE – 81.81 (81.61 – 81.42) 81.22
THE CENTRAL BANKS
The Fed is widely expected to deliver a 25 basis point rate hike, while the ECB and the BoE are likely to raise rates by 50bp each.
Core consumer prices in Japan's capital for the month of January marked the fastest annual gain in nearly 42 years, data on Friday showed, keeping the Bank of Japan under pressure to phase out its economic stimulus.
THE OIL
Oil prices climbed in early Asia on Monday, supported by tensions in the Middle East following a drone attack in Iran and as Beijing pledged over the weekend to promote a consumption recovery which would support fuel demand.
THE ASIA INDICES
On Monday, Asian shares started cautiously in a week that is certain to see interest rates rise in Europe and the United States, along with U.S. jobs and wage data that may influence how much further they still have to go.
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