WEEKLY FOREX REPORT BY EPIC RESEARCH-19 MARCH 2012

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WEEKLY FOREX REPORT BY EPIC RESEARCH-19 MARCH 2012

  1. 1. weekly Forex Report (19 Mar 2012)Weekly News  5-yr swap rates rise to near 8-month peak.  Dollar rally seen on course as U.S. outlook improves.  Speculators increase bets against yen in latest week.  Sterling touches 5-mth high vs dollar.  Aussie rises, yen slips as regional shares climb.Weekly trends of the market  The Indias budget for the next fiscal year disappointed investors with a higher-than- expected market borrowing programme sending long-end swap rates to near eight- month high, and the benchmark bond yield to its highest in two-and-a-half months.  The dollar slumped, halting a rally that had taken it to an 11-month high against the yen and a one-month peak versus the euro, but a dearth of significant economic data in the near term could restore the greenbacks strength.  Sterling climbed strongly against the dollar after slightly softer-than-expected U.S. inflation data tempered investors recent appetite for the greenback, helping the pound hit a 10-week peak against a trade-weighted basket of currencies.  The budget is negative for the INR, because high twin deficits and high inflation may discourage some foreign investors. It is also negative for government bonds. RBI has a bit less rate cut room, expect a cut in April.  
  2. 2. www.epicresearch.co +919993959693 WEEKLY CHARTS EUR/USD USD/JPY www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co +919993959693 GBP/USD USD/INR www.epicresearch.co +919993959693
  4. 4. 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

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