 "Crude oil, OVL, ONGC Videsh")
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
US stocks saw the worst fall in nearly eight months which spooked every asset class including currency market. Usually, US Dollar is seen as a safe haven but yesterday we saw US dollar falling below 95 levels. The safe-haven yen strengthened to 112.13 against the dollar, its highest level this month, taking heart from risk aversion in the wake of warnings from the IMF over global growth and financial stability. 10 yr US Treasury yield has cooled from 3.261 which was 7 year high to 3.15. We
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