Welcome to starting week with unlock India phase one, we are expecting that USDINR start with positive note despite of dollar index recover from lows, Market risk appetite is increasing on faith of world economics is start to normalizing.
On Friday, USDINR started with positive note at 75.39/40 levels and finished with negative sentiment at 75.58/59 levels.
Global deaths from the novel corona virus topped 400,000 on Sunday, as case numbers surge in Brazil and India, according to a Reuters tally.
Indian oil-to-telecoms conglomerate Reliance Industries said on Sunday that the Abu Dhabi Investment Authority will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).
INTRADAY RANGE - 75.22 ( 75.46 - 75.70 ) 75.94
GLOBAL HIGHLIGHTS
DXY softer in the open, markets look to the Fed, Trump's re-election campaigning and trade wars.
US yield curve steepest since 2018.
EURUSD Pulls back from session highs, 50-hour SMA is key support.
USDJPY recedes to 109.50 on USD selling, Japan's Q1 GDP revised higher.
GBPUSD 61.8% Fibonacci retracement probes the bulls above 200-day SMA.
AUDUSD Rejected at 0.70, 4Hr chart shows bearish RSI divergence.
NZDUSD Hits 4.5-month high despite overbought reading on RSI
UK to announce laws to prevent foreign takeovers posing national security risk.
Silver Sellers ignore latest bounces above $17.00, keep 200-day SMA on radar.
Gold mildly bid under $1,700, still below 50-day SMA.
51% of US registered voters nationwide back Biden while 41% support Trump – CNN.
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