Weekly forex-report by epic research 27-02-2012


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Weekly forex-report by epic research 27-02-2012

  1. 1. weekly Forex Report (27 Feb 2012)Weekly News  Rupee ends at 48.9350 vs dlr, highest since Feb. 7  Euro Euro hits 2-1/2-mth high vs dlr on short-covering rally.  Aussie rises, yen slips as regional shares climbs.  Dollar/yen rises to highest level since July 2011.   Euro rises on hopes for Greek deal, gains limited.Weekly trendspost- intervention peak.  Dollar/ yen at of the market  Aussie rises, yen slips as regional shares climb.  The yen tumbled across the board, a downtrend that started with the Bank of Japans recent monetary easing. Japans trade deficit, widening interest rate differentials with the United States favoring the dollar and rising crude oil prices also have hurt the yens prospects.  Dollar/yen traditionally has a strong correlation with short-term Japanese-U.S. yield spreads. U.S. Treasury yields are not expected to rise much further due to the Federal Reserves pledge to keep rates exceptionally low until at least 2014, while Japanese 2- year government bonds are already extremely low.  The Indian rupee gained for a second straight week on European efforts to contain the regions debt crisis were working, boosting sentiment for riskier emerging-market assets.  Sterling rose against the euro ,recovering early losses and made robust gains against the dollar on steady demand from corporates, but expectations of more monetary stimulus by the Bank of England were likely to check gains
  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