DAILY FOREX REPORT BY EPIC RESEARCH- 22 NOVEMBER 2012

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DAILY FOREX REPORT BY EPIC RESEARCH- 22 NOVEMBER 2012

  1. 1. DAILY FOREX REPORT 22ND NOVEMBER 2012WWW.EPICRESEARCH.CO +919752199966
  2. 2.  HEADLINES  Rupee trims losses as domestic shares rise The rupee trimmed losses to trade 55.31/32 retreating after hitting a more than two-month low of 55.37 earlier in the session. The pair closed at 55.0950/1050 on Tuesday. Traders say gains in domestic shares have led to some dollar selling by custodian banks, although thats being offset by greenback buying from oil refiners.  RBI seeks alternative to dollar as reserve option Even as China tries to promote the yuan as an TRADING TIPS international currency, Reserve Bank of India (RBI) has joined the effort of chipping away at the dollars BUY USD/INR preeminent position as the worlds currency. The ABOVE 55.17 central bank on Monday called for inclusion of FOR TGT emerging market currencies as alternative reserve 55.37/55.57 currencies to the dollar. Delivering the 46th A D Shroff Memorial Lecture in Mumbai on Tuesday, RBI governor SL 54.93 D Subbarao said that the dollars monopoly as a reserve currency had resulted in many countries facing a liquidity problem as foreign creditors and foreign investors turned risk averse. PAST RBI REFERENCE RATE PERFORMANCE As on 21ST November 2012 BUY USD/INR UNDERLYING RATE ABOVE 55.15 USDINR 55.2025 FOR TGT 55.35 EURINR 70.4255 SL 54.95 TARGET ACHIEVED GBPINR 87.7913 JPYINR 67.3900www.epicresearch.co +919752199966
  3. 3. DAILY MARKET STATISTICSPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Prev. Symbol Series/Expiry Unit Open High Low Close Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 27-Nov-2012 1 EUR 70.3525 70.7500 70.3100 70.5800 70.6050 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 EURINR 27-Dec-2012 1 EUR 70.4000 71.0200 70.4000 70.8725 70.9000 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Nov-2012 1 GBP 87.7500 88.1500 87.6875 87.7475 87.7925 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 27-Dec-2012 42300 GBP 42555 87.9500 7/19/2012 1 42250 88.4600 42390 87.9500 42435 88.1375 45 88.1500 0.11REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 27-Nov-2012 100 JPY 67.4000 67.7700 66.9500 66.9975 67.7875SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 27-Dec-2012 100 JPY 67.6250 68.0175 67.2200 67.2400 68.0250TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 27-Nov-2012 12511USD 1282 55.1450 7/19/2012 1251 55.4000 1246 55.1050 1282 55.1675 36 55.1400 2.89 USDINR 27-Dec-2012 1 USD 55.4325 55.6600 55.3650 55.4300 55.4025 USDINR 29-Jan-2013 1 USD 55.7125 55.9025 55.6375 55.6750 55.6500 www.epicresearch.co +919752199966
  4. 4. DAILY USD/INR CHARTANALYSISOPEN: 55.1600HIGH: 55.4000LOW: 55.1050CLOSE: 55.1675  USD/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  5. 5. DAILY EUR/INR CHARTANALYSISOPEN: 70.4950HIGH: 70.7500LOW: 70.3875CLOSE: 70.5800  EUR/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:30pm EUR French Flash 44.1 43.7 Manufacturing PMI 2:00pm EUR German Flash 45.9 46.0 Manufacturing PMI Day 1 EUR EU Economic Summit 51.2 51.0 Tentative EUR Spanish 10-y Bond Auction 5.46|1.9 All Day USD Bank HolidayDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free willand does not read any views expressed as a recommendation for which either the site or its owners or anyone can be heldresponsible for . Any surfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966

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