USDINR
Happy Monday, USDINR is most likely to commence fresh week with weaker note between 79.50-79.60 levels as greenback is was restrained on early Asian session by the risk of higher European interest rates and Japanese intervention.
Holidays in China and South Korea made for slow trading, while traders were unsure about what implications Ukraine's surprising success against Russian forces might have.
USDINR TECHNICAL
Day Trend: - UPSIDE SELL
Weekly Trend: - UPSIDE SELL
INTRADAY RANGE – 79.86 (79.66 – 79.47) 79.27
THE OIL PRICE
On Monday, Oil prices edged lower after a volatile week, as traders gauged concerns over slowing demand and U.S.-led price caps on Russian crude exports.
DOLLAR
Dollar has run into some profit taking from a market that is very long of the currency after a month of sustained gains. So rapidly has the dollar risen on the yen that Japan are becoming increasingly vocal in protesting their currency's decline, sparking speculation of intervention and putting pressure on the BOJ to moderate its policy of yield curve control.
HAPPY 😊😁 MONDAY, KEEP CALM 😌 AND CARRY ON
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