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WEEKLY FOREX REPORT
                      24TH SEPTEMBER 2012




WWW.EPICRESEARCH.CO                 9993959693
 HEADLINES


                                      Rupee rises to four-and-a-half-month high

                                       The rupee climbed to a four-and-a-half-month high on
                                       Friday aided by a sudden gust of reforms from the
                                       central government and bullish foreign funds which
                                       have invested Rs 8,000 crore in just one week. The
                                       Indian currency climbed to 53.45 per dollar, becoming
                                       the best performer among Asian currencies in the past
                                       one month. It closed on Friday, 1.7% stronger than
                                       54.38 per dollar on Thursday.


                                       Forex reserves rise by $2.43 bn to $294.47 bn
    RBI REFERENCE RATE
       As on 21st September 2012       Country's foreign exchange reserves rose $2.43 billion
                                       to $294.47 billion during the week ended September
                                       14, mainly due to revaluation of currencies. According

 UNDERLYING           RATE             to data released by the Reserve Bank of India, foreign
                                       currency   assets,   which    includes   the   effect   of
   USDINR             53.9055
                                       appreciation or depreciation of non-US currencies
   EURINR             70.0095          such as Euro, Sterling, Yen held in the reserves rose
                                       $2.33 billion to $261.52 billion.
   GBPINR             87.6018

    JPYINR            68.9800
                                       Sterling hits near 13-month high versus dollar

                                       Sterling rallied to a near 13-month high against a weak
                                       dollar on Friday after UK borrowing data was less bad
                                       than feared, and talk Spain may soon request aid
                                       fuelled demand for perceived riskier currencies.




www.epicresearch.co                                              9993959693
PRODUCT      EXP DATE         OPEN       HIGH         LOW        CLOSE             LTP       CHG    PERCENTAGE
 NAME                                                                                                 CHANGE


            DAILY MARKET STATISTICS (As on 21stSeptember 2012)
 CHANA       7/19/2012        4556       4573         4525        4560          4532          -28      -0.61

                                                                                                      Prev.
  Symbol      Series/Expiry       Unit          Open          High        Low             Close
 CHILLI      7/19/2012        5060       5060         5018        5120          5018         -102      -1.99
                                                                                                      Close


  EUR-INR
  GUR          26-Sep-2012
             7/19/2012        1188 EUR 1188 70.2100
                                 1                1178 70.2950
                                                            1183.569.3200
                                                                        1178 69.4175
                                                                                 -5.5                 70.3450
                                                                                                       -0.46

  EUR-INR
 JEERA         29-Oct-2012
             7/19/2012        14955EUR 1496070.5575
                                 1                14650 70.5575
                                                            15052.569.5125
                                                                         14800 69.5925
                                                                                  -252.5              70.6100
                                                                                                       -1.68

  GBP-INR
 KAPAS         26-Sep-2012
             7/19/2012        1044 GBP 1053 87.8800
                                 1                1035 87.9050
                                                             1049 86.8000
                                                                        1041 86.9400
                                                                                  -8                  87.9475
                                                                                                       -0.76

  GBP-INR
 PEPPER        29-Oct-2012
             7/19/2012        42300GBP 4255588.1225
                                 1                42250 88.1300
                                                             42390 87.0900
                                                                         42435 87.1475
                                                                                    45                88.2000
                                                                                                        0.11


  GBP-INR
REF SOYA       27-Nov-2012
             7/19/2012        780.5 GBP 783.6 88.4500
                                 1                  777.4 88.4500
                                                               782.8587.4000
                                                                           781.3 87.4000
                                                                                     -1.55            89.1475
                                                                                                        -0.2


  JPY-INR
SOY BEAN       26-Sep-2012
             7/19/2012        4309 JPY 4330 69.1425
                                100              4265.5 69.2450
                                                              4303 68.1500
                                                                         4315 68.3325
                                                                                   12                 69.4325
                                                                                                        0.28


  JPY-INR
TURMERIC       29-Oct-2012
             7/19/2012        4600 JPY 4676 69.4975
                                100               4518 69.4975
                                                             4664 68.3025
                                                                        4540 68.4975
                                                                                 -124                 69.6850
                                                                                                       -2.66


  USD-INR
 WHEAT       7/19/2012
               26-Sep-2012    1251 USD 1282 54.2000
                                 1                1251 54.2000
                                                             1246 53.3150
                                                                        1282 53.4500
                                                                                  36                    2.89
                                                                                                      54.3375



  USD-INR      29-Oct-2012       1 USD          54.4225      54.4350     53.5000          53.6275     54.5700



  USD-INR      27-Nov-2012       1 USD          54.6075      54.6350     53.7500          53.8475     54.7900




   www.epicresearch.co                                                                   9993959693
 WEEKLY USD/INR CHART




ANALYSIS
OPEN: 54.0500
HIGH: 54.4400
LOW: 53.3200
CLOSE: 53.4500

      USD/INR LOOKS DOWNWARDS
      TREND: BEARISH
      STRATEGY: SELL ON RISE
 WEEKLY EUR/INR CHART




ANALYSIS
OPEN: 70.8500
HIGH: 71.1000
LOW: 69.3200
CLOSE: 69.4200

      EUR/INR LOOKS DOWNWARDS
      TREND: BEARISH
      STRATEGY: SELL ON RISE




www.epicresearch.co                           9993959693
FOREX FORTHCOMING EVENTS

DAY           TIME        CURRENCY DETAILS                                  ACTUAL      FORECAST      PREVIOUS

TUESDAY       6.30 PM     EUR          ECB President Draghi Speaks

TUESDAY       7.30 PM     USD          CB Consumer Confidence                              62.9              60.6

WEDNESDAY      7.30PM     USD          New Home Sales                                      381K             372K

THURSDAY      6.00 PM     USD          Unemployment Claims                                 378K             382K

THURSDAY      7.30 PM     USD          Pending Home Sales m/m                             -0.7%              2.4%




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WEEKLY FOREX REPORT BY EPIC RESEARCH-24 SEPTEMBER 2012

  • 1. WEEKLY FOREX REPORT 24TH SEPTEMBER 2012 WWW.EPICRESEARCH.CO 9993959693
  • 2.  HEADLINES  Rupee rises to four-and-a-half-month high The rupee climbed to a four-and-a-half-month high on Friday aided by a sudden gust of reforms from the central government and bullish foreign funds which have invested Rs 8,000 crore in just one week. The Indian currency climbed to 53.45 per dollar, becoming the best performer among Asian currencies in the past one month. It closed on Friday, 1.7% stronger than 54.38 per dollar on Thursday. Forex reserves rise by $2.43 bn to $294.47 bn  RBI REFERENCE RATE As on 21st September 2012 Country's foreign exchange reserves rose $2.43 billion to $294.47 billion during the week ended September 14, mainly due to revaluation of currencies. According UNDERLYING RATE to data released by the Reserve Bank of India, foreign currency assets, which includes the effect of USDINR 53.9055 appreciation or depreciation of non-US currencies EURINR 70.0095 such as Euro, Sterling, Yen held in the reserves rose $2.33 billion to $261.52 billion. GBPINR 87.6018 JPYINR 68.9800 Sterling hits near 13-month high versus dollar Sterling rallied to a near 13-month high against a weak dollar on Friday after UK borrowing data was less bad than feared, and talk Spain may soon request aid fuelled demand for perceived riskier currencies. www.epicresearch.co 9993959693
  • 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS (As on 21stSeptember 2012) CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Prev. Symbol Series/Expiry Unit Open High Low Close CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 Close EUR-INR GUR 26-Sep-2012 7/19/2012 1188 EUR 1188 70.2100 1 1178 70.2950 1183.569.3200 1178 69.4175 -5.5 70.3450 -0.46 EUR-INR JEERA 29-Oct-2012 7/19/2012 14955EUR 1496070.5575 1 14650 70.5575 15052.569.5125 14800 69.5925 -252.5 70.6100 -1.68 GBP-INR KAPAS 26-Sep-2012 7/19/2012 1044 GBP 1053 87.8800 1 1035 87.9050 1049 86.8000 1041 86.9400 -8 87.9475 -0.76 GBP-INR PEPPER 29-Oct-2012 7/19/2012 42300GBP 4255588.1225 1 42250 88.1300 42390 87.0900 42435 87.1475 45 88.2000 0.11 GBP-INR REF SOYA 27-Nov-2012 7/19/2012 780.5 GBP 783.6 88.4500 1 777.4 88.4500 782.8587.4000 781.3 87.4000 -1.55 89.1475 -0.2 JPY-INR SOY BEAN 26-Sep-2012 7/19/2012 4309 JPY 4330 69.1425 100 4265.5 69.2450 4303 68.1500 4315 68.3325 12 69.4325 0.28 JPY-INR TURMERIC 29-Oct-2012 7/19/2012 4600 JPY 4676 69.4975 100 4518 69.4975 4664 68.3025 4540 68.4975 -124 69.6850 -2.66 USD-INR WHEAT 7/19/2012 26-Sep-2012 1251 USD 1282 54.2000 1 1251 54.2000 1246 53.3150 1282 53.4500 36 2.89 54.3375 USD-INR 29-Oct-2012 1 USD 54.4225 54.4350 53.5000 53.6275 54.5700 USD-INR 27-Nov-2012 1 USD 54.6075 54.6350 53.7500 53.8475 54.7900 www.epicresearch.co 9993959693
  • 4.  WEEKLY USD/INR CHART ANALYSIS OPEN: 54.0500 HIGH: 54.4400 LOW: 53.3200 CLOSE: 53.4500 USD/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
  • 5.  WEEKLY EUR/INR CHART ANALYSIS OPEN: 70.8500 HIGH: 71.1000 LOW: 69.3200 CLOSE: 69.4200 EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co 9993959693
  • 6. FOREX FORTHCOMING EVENTS DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS TUESDAY 6.30 PM EUR ECB President Draghi Speaks TUESDAY 7.30 PM USD CB Consumer Confidence 62.9 60.6 WEDNESDAY 7.30PM USD New Home Sales 381K 372K THURSDAY 6.00 PM USD Unemployment Claims 378K 382K THURSDAY 7.30 PM USD Pending Home Sales m/m -0.7% 2.4% Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible 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 incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.