Five "O" Clock Currency and Commodity Report : 10th August 2018

Five “O” Clock Currency Commodity Report

Closing prices:

Usd/Inr: 68.8650

Sensex: 37869.23

Nifty: 11429.50

Current rates

Spot Gold: $1210.00

Spot Silver: $15.3700

MCX Gold October: Rs.29636

MCX Silver September: Rs.37969

·       U.K. GDP rises 0.4% in Q2, meeting expectations.

·       US dollar index has hit a one year high.

·       China imposes anti-dumping duties on synthetic rubber from U.S., EU, Singapore.

Indian rupee is weaker against the US dollar on global cues. There is no market shaking news from India. If euro and pound fall against the US dollar in USA session, then key long term support will be tested. Key drivers for the rest of the US day will be US stock market and US consumer price index numbers. Caution is the theme in the global financial markets as we head into USA session.