Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls. : Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls: Indian Rupee is sustaining above 70 despite DXY falling from 96.50 to sub 95.20. The sell off this week was exacerbated by headlines that President Donald Trump was complaining to donors that new Fed Chair Jerome Powell was raising interest rates too aggressively. Yesterday US Federal Reserve’s meeting minutes showed that they are on a path to raise interest rate in September.