WEEKLY FOREX REPORT BY EPIC RESEARCH-16 JULY 2012
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WEEKLY FOREX REPORT BY EPIC RESEARCH-16 JULY 2012

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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday ...

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

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WEEKLY FOREX REPORT BY EPIC RESEARCH-16 JULY 2012 WEEKLY FOREX REPORT BY EPIC RESEARCH-16 JULY 2012 Document Transcript

  • weeklyForexReport(16 TH july2012)Weekly News  Rupee gains against dollar on narrowing trade deficit, foreign buying. The rupee rallied on Friday to notch its third consecutive weekly gain after a narrowing trade deficit helped ease concerns about the countrys fiscal outlook, while signs of foreign flows also helped.  Standard Chartered upgrades rupee; says India may miss fiscal target Rupee gain: RBI announces fresh measures to boost dollar inflows. Standard Chartered upgraded its short-term rating for the rupee to "neutral" from "underweight", and revises its end-September forecast to 56 from previous forecast of 57.50, adding the cross has "likely" hit the high for the year  Indias Forex reserves rise to $289.99 billion: RBI Indias foreign exchange reserves rose to $289.99 billion as of June 29, from $288.63 billion in the previous week, the central bank said in its weekly statistical supplement on Friday  Euro Slides to Weakest Level In Two Years On Economic Outlook. The euro dropped to the lowest weekly level versus the dollar in more than two years as investors sought safety amid concern Europe’s sovereign-debt turmoil is worsening.
  • www.epicresearch.co+919993959693 Global Currency News:  Pound Rises To Strongest Since 2008 Versus Euro On U.K. Outlook: The pound advanced to the strongest since November 2008 against the euro as investors bet an attempt to ease U.K. credit conditions will help spur Britain’s economy China’s GDP Spurs Speculation About Stimulus, EUR/CAD at Record Low The Canadian dollar climbed against most major currencies as the slowing growth in China spurred speculations that the policy makers in the Asian nation would step up to boost the economic expansion. The currency reached the record high versus the euro.  US Dollar Turns Lower as Optimism Returns Investors and Forex traders are feeling a little more upbeat today than they have felt in a long time, and it shows. The US dollar is turning lower against its major counterparts, particularly against the euro. The 1 7-nation currency has bounced off lows not seen for two years, and is seeing better performance. .  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
  • 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 shal l not be responsible f or 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 S MS 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