Transcript of "DAILY FOREX REPORT BY EPIC RESEARCH-02 NOVEMBER 2012"
DAILY FOREX REPORT 2ND NOVEMBER 2012WWW.EPICRESEARCH.CO +919752199966
HEADLINES Rupee recovers from initial losses against US dollar The rupee recovered from early losses and was trading at 53.79 a dollar on fresh selling of the American currency by banks on hopes of more capital inflows from foreign funds into equity market. The rupee resumed lower at 53.85 per dollar as against the last closing level of 53.80 at the Interbank Foreign Exchange (Forex) market and dropped further to 53.90. TRADING TIPS SELL USD/INR BELOW 53.98 RBI REFERENCE RATE FOR TGT As on 1TH November 2012 53.78/53.58 SL 54.18 UNDERLYING RATE USDINR 53.7798 PAST EURINR 69.7105 PERFORMANCE GBPINR 86.7683 • SELL EUR/INR JPYINR 67.2500 BELOW 70.27 FOR TGT 70.12 SL 70.42 Target Achievedwww.epicresearch.co +919752199966
FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:45pm EUR Spanish Manufacturing 44.5 PMI 2:15pm EUR Italian Manufacturing PMI 45.9 45.7 6:00pm USD Non-Farm Employment 123K 114K Change 6:00pm USD Unemployment Rate 7.9% 7.8%DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose theproduct/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis 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 doesnot provide individually tailor-made investment advice. Epic research recommends that investors independentlyevaluate 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 researchmight be holding positions in the stocks recommended. It is understood that anyone who is browsing through thesite has done so at his free will and does not read any views expressed as a recommendation for which either thesite or its owners or anyone can be held responsible for . Any surfing and reading of the information is theacceptance of this disclaimer.All Rights Reserved. www.epicresearch.co +919752199966Investment 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 lossincurred whatsoever for any financial profits or loss which may arise from the recommendations above epicresearch does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid OrUnpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any