WEEKLY FOREX REPORT BY EPIC RESEARCH- 10 DECEMBER 2012

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WEEKLY FOREX REPORT BY EPIC RESEARCH- 10 DECEMBER 2012

  1. 1. WEEKLY FOREX REPORT 10th DECEMBER 2012WWW.EPICRESEARCH.CO +919752199966
  2. 2.  HEADLINES Indias Forex reserves down by $471.3 million The foreign exchange reserves of the country fell by $471.3 million to $294.51 billion for the week ending November 30 due to slide in gold reserves and core currency assets, the Reserve Bank said today. The overall reserves had increased by $1.45 billion to $294.98 billion in the previous reporting week Rupee falls on euro weakness; fate of future reforms key The Indian rupee fell on Friday, snapping three sessions of gains, dragged by the euros weakness, but  RBI REFERENCE RATE dealers said that the local currency may gain if the government can push through more reforms in As on 7THDECEMBER 2012 parliament next week.The government expectedly won the vote on foreign investment in retail in the upper house of parliament on Friday. Bolstered by the win, UNDERLYING RATE the government said it will bring more financial sector USDINR 54.20180 reform bills next week in parliament. Rupee washes out initial gains against dollar, EURINR 70.21750 down 6 paise GBPINR 86.99930 The rupee failed to maintain initial gains against the JPYINR 65.77000 dollar in late morning deals today and was quoted lower by 6 paise to 54.20 on fresh demand of the American currency from banks and importers amid its higher value overseas.www.epicresearch.co +919752199966
  3. 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS (As on 7THDecember 2012) CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Symbol Series/Expiry Unit Open High Low Close Prev. Close CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 EUR-INR GUR 27-Dec-2012 7/19/2012 1188 EUR 1188 70.5725 1 1178 70.7350 1183.570.3275 1178 70.6475 -5.5 70.9425 -0.46 EUR-INR JEERA 29-Jan-2013 7/19/2012 14955EUR 1496070.9500 1 14650 71.0000 15052.570.6175 14800 70.8850 -252.5 71.1925 -1.68 GBP-INR KAPAS 27-Dec-2012 7/19/2012 1044 GBP 1053 87.4225 1 1035 87.7200 1049 87.1000 1041 87.6475 -8 87.4500 -0.76 GBP-INR PEPPER 29-Jan-2013 7/19/2012 42300GBP 4255587.7150 1 42250 88.0075 42390 87.3425 42435 87.9350 45 87.7450 0.11 JPY-INRREF SOYA 27-Dec-2012 7/19/2012 780.5 JPY 783.6 65.8525 100 777.4 66.4400 782.8565.7425 781.3 66.3850 -1.55 65.8525 -0.2 JPY-INRSOY BEAN 29-Jan-2013 7/19/2012 4309 JPY 4330 66.5000 100 4265.5 66.6800 4303 65.9150 4315 66.6375 12 66.0875 0.28 USD-INRTURMERIC 27-Dec-2012 7/19/2012 4600 USD 4676 54.3500 1 4518 54.7650 4664 54.2725 4540 54.7075 -124 54.2925 -2.66 USD-INR WHEAT 7/19/2012 29-Jan-2013 1251 USD 1282 54.6100 1 1251 55.0075 1246 54.5250 1282 54.9625 36 2.89 54.5525 USD-INR 26-Feb-2013 1 USD 54.8750 55.2400 54.7575 55.1900 54.7750 www.epicresearch.co +919752199966
  4. 4. WEEKLY USD/INR CHARTANALYSISOPEN: 54.7000HIGH: 55.4500LOW: 54.2200CLOSE: 54.7100 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON RISE www.epicresearch.co +919752199966
  5. 5.  WEEKLY EUR/INR CHARTANALYSISOPEN: 71.0600HIGH: 71.9700LOW: 70.3300CLOSE: 71.6500 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON RISEwww.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING EVENTSDAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS MONDAY 10:45pm GBP BOE Gov King Speaks TUESDAY 3:30pm EUR German ZEW Economic -11.4 -15.7 Sentiment TUESDAY 7:00pm USD Trade Balance -42.4B -41.5BWEDNESDAY 3:00pm GBP Claimant Count Change 5.1K 10.1KWEDNESDAY 11:00pm USD FOMC StatementTHURSDAY 12:30am USD FOMC Economic ProjectionsTHURSDAY 7:00pm USD Retail Sales m/m 0.4% 0.3%THURSDAY 3:30pm EUR Unemployment Claims 370K 370K FRIDAY 2:00pm EUR German Flash Manufacturing PMI 46.8 FRIDAY 7:00pm USD Core CPI m/m 0.2% 0.2% 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 transactio n 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, togethe r 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. www.epicresearch.co +919752199966

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