MONDAY :- USDINR / EURUSD / GBPUSD/ OIL CYBER ATTACK !!
- fxmethods
- May 10, 2021
- 2 min read
USDINR
The Domestic Unit getting support from local equity market as well as greenback losing ground, We are expecting USDINR commence Monday session with gap down between 73.25 – 73.35 levels. India witnessing covid19 recovery rate is getting better day by day but death rate is sustain.
Day Trend: - BEARISH.
INTRADAY RANGE – 73.02 (73.28 – 73.54) 73.80
EURUSD
EUR/USD was lifted back above 1.21 as greenback weakness after the US employment data, which pushed any tightening of US monetary policy even further into the distant future. However, the global economic outlook remains bright as the recovery from the slump caused by the coronavirus pandemic continues, and that will likely benefit “risk-on” currencies like the Euro against the safe-haven Dollar.
Day Trend: - BULLISH.
INTRADAY RANGE – 1.2345 (1.2226 – 1.2107) 1.1988
GBPUSD
The British pound jumped to the highest in more than two months against the greenback, but worries about Scottish independence could curb sterling's gains.
Day Trend: - BULLISH.
INTRADAY RANGE – 1.4187 (1.4066 – 1.3945) 1.3824
GLOBAL OUTLOOKS
Indices rose amid speculation that interest rates will remain low due to receding inflationary pressure.
Crude Oil jumped and U.S. gasoline futures hit a two-year high after a cyber-attack put the nation’s largest oil-products pipeline out of action.
Colonial Pipeline Co., a key supplier of gasoline, diesel and jet fuel to the eastern half of the U.S., halted operations late Friday.
Companies behind pipeline and power grids are vulnerable to cyber-attacks due to digitalization and the use of more so-called smart applications.
The hackers who caused Colonial Pipeline to shut down began their blitz against the company last Thursday, stealing a large amount of data before locking computers with ransom ware and demanding payment, according to people familiar with the matter.
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