what will be your strategy to trade usdinr for the upcoming rbi policy?
THey’ll withhold the rates and changes stance to neutral. Not much will change in my opinion. If IV’s are Juicy i’ll sell CE’s. (Please keep an eye on trump tweets too)
today dollar rallied , I don’t understand why such a move in dollar today? is this because of brent or market has factored a .25% cut
Probably Market participants are sensing that RBI will reduce the interest rate or at least keep it as it was , so in my opinion USD will rally ,( chart indicators are also indicating that ) so i was long on USDINR 2019 FEB72CE from day before yesterday , and i will book the profit tomorrow.
what chart indicators do you use for usdinr?
Moving averages and MACD and chart patterns