DAILY FOREX REPORT BY EPIC RESEARCH-18 OCTOBER 2012
DAILY FOREX REPORT 19th OCTOBER 2012WWW.EPICRESEARCH.CO +919752199966
HEADLINES Rupee loses at open; oil demand watched The rupee loses to 52.99-53.00 versus its previous close of 52.87-52.88 in early trade tracking overnight losses in the euro compared to levels seen during end of domestic trade on Wednesday. Slight dip in the euro levels from late in the domestic session on Wednesday hurts sentiment for the local unit. However, most other Asian units were stronger compared to the dollar, and that is seen limiting sharp gains in the USD/INR.Traders expect good dollar demand from oil firms to continue to pressure the pair TRADING TIPS higher. 52.80 to 53.30 is expected to be the band for the day. Domestic share market performance would BUY EUR/INR be another key element which is expected to provide ABOVE 69.83 direction to the pair. For targets of Rupee recovers marginally against USD; still 69.98/70.13 down 16 paise Stop loss 69.68 The rupee recovered some of its initial losses against PAST the American currency but was still down by 16 paise at 53.03 on fresh dollar demand from banks and PERFORMANCE importers despite its weakness in global market. BUY EUR/INR ABOVE 69.47 RBI REFERENCE RATE For targets of As on 18 Th October 2012 69.62/69.77 Stop loss 69.32 UNDERLYING RATE Target Achieved USDINR 52.9690 EURINR 69.4560 GBPINR 85.4549 JPYINR 66.9400www.epicresearch.co +919752199966
FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 2:00pm GBP Public Sector Net -11.9B 12.4B Borrowing 7:30pm USD Retail Sales m/m 4.73M 4.82MDisclaimerThe 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 informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epicresearch might be holding positions in the stocks recommended. It is understood that anyone who is browsingthrough the site has done so at his free will and does not read any views expressed as a recommendation for whicheither the site or its owners or anyone can be held responsible for . Any surfing and reading of the information isthe 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 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), www.epicresearch.co +919752199966 Any third party or anyone else have no rights to forward or share our calls or SMS or Report or AnyInformation Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.