Goldman sees Fed hiking rates in July as inflation lingers - Geojit Financial Services
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* Asia stocks climb, led by Japan. US equities at fresh all time high.
* Goldman sees Fed hiking rates in July as inflation lingers.
* China’s PMI signaled further economic weakness.
* FOMC rate decision on Wednesday and US payrolls data on Friday.
* OPEC+ meeting on output scheduled for Thursday.
OUTLOOK - USDINR
The 75 region has found persistent selling pressure. However, patterns appear to be signalling a potential upside move. We will take a break of 75.15 as a signal towards the same. Meanwhile, while a collapse is less anticipated, direct fall below 74.66 could bring in long liquidation pressures.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
