THE USDINR
Happy Monday, We can witness USDINR commence Monday session can breach all-time high level between 76.98 - 77.08 levels as US 10-year Treasury yields refresh three-year high, S&P 500 Futures drop 1.0% as risk-aversion intensifies.
THE OIL
Oil prices slipped in early Asian trade as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supplies.
The European Commission on Friday proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to shift their energy supplies, EU sources said.
Saudi Arabia, the world's top oil exporter, lowered crude prices for Asia and Europe for June on Sunday.
USDINR TECHNICAL
Day Trend: - BUY ON DIP (Short Term)
Weekly Trend: - HOLD
INTRADAY RANGE – 77.60 (77.18 – 76.65) 76.33
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