Weekly forex-report by epic research 13-02-2012 to 17-02-2012
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Weekly forex-report by epic research 13-02-2012 to 17-02-2012

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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. With its full fledged research operations, Epic Research has proven itself as ...

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for StockTips, Commodity Tips, Forex Tips.

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Weekly forex-report by epic research 13-02-2012 to 17-02-2012 Weekly forex-report by epic research 13-02-2012 to 17-02-2012 Document Transcript

  • weekly Forex Report (13 Feb 2012)Weekly News  RBI likely sold dollar around 49.70-49.75 rupees-traders.  Suspected RBI dollars sale trigger long-dollar liquidation.  Demand for dollar rises as companies repay overseas borrowings.  Speculator cut U.S. dollar bets in latest week.Weekly trends of the market  Suspected dollar sales by the Reserve Bank of India helped the rupee recover all intraday losses on Friday but the currency still posted its biggest weekly fall in nine weeks. The likely intervention triggered a wave of long-dollar position liquidation  The euro fell as Greeces far-right party leader refused to back a bailout agreement, raising concerns, once again, that Greece could face a disorderly default on its debt.  The Australian dollar was pressured by euro zone concerns as well as a dovish quarterly statement from the Reserve Bank of Australia and data showing a slump in Chinese imports  The dollar also fell against the high –yielding Australian and New Zealand dollar, with the Australian dollar hitting a three month peak at $0.9108.
  • www.epicresearch.co +919993959693 WEEKLY CHARTS EUR/USD USD/JPY www.epicresearch.co +919993959693
  • www.epicresearch.co +919993959693 GBP/USD USD/INR www.epicresearch.co +919993959693
  • www.epicresearch.co +919993959693 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. www.epicresearch.co +919993959693