USDINR
On Tuesday, USDINR likely to commence session with weaker note between 72.80 – 72.90 against last trading session pair finished at 72.96/97 as greenback languished near 4-month lows against major currencies as bets on a robust global economic recovery continued to support currencies seen as riskier.
Day Trend: - BEARISH BUT IN OVERSOLD TERRITORY.
INTRADAY RANGE – 72.65 (72.75 – 72.97) 73.12
EURUSD
EURUSD is ranging in the medium-term outlook. The bulls dominate the EURUSD market for many days. The resistance level of $1.22 is broken upside and the price increased to test the resistance level of $1.2350. The just mentioned levels hold the price and it started a ranging movement within the levels.
Day Trend: - BULLISH.
INTRADAY RANGE – 1.2302 ( 1.2244 – 1.2186 ) 1.2128
T- BOND
Yields on benchmark U.S. 10-year Treasuries yield fell to 1.604% on Monday from 1.632% late on Friday.
OIL
Oil was early morning in Asia, steadying from its gains over the past few sessions. Investors continue to assess Iran’s chances of returning to international crude markets, as well as the U.S. economy’s recovery from COVID-19 just ahead of the summer driving season.
Oil exporter Iran is due to resume indirect negotiations with the U.S. in Vienna over the week. Iran also extended the deadline for the U.N.’s International Atomic Energy Agency to inspect its atomic program under the duo's monitoring agreement.
GOLD
Gold steadied near the highest level in more than four months as investors weighed comments by Federal Reserve officials who sought to soothe concerns about inflation.
Gold is close to erasing this year’s decline as investors turn more bullish on the precious metal, with holdings in bullion-backed exchange-traded funds on an uptrend. While market-based measures of inflation expectations have dipped, traders remain cautious about price pressures as well as flare-ups in Covid-19 cases in some parts of the world.
Comments