Daily forex-report by epic research 18 april 2013Document Transcript
DAILY FOREX REPORT 18th APRIL 2013WWW.EPICRESEARCH.CO +919752199966
HEADLINES Euro hits one-month high versus sterling after UK jobs data The euro hit a one-month high against sterling on Wednesday, tracking a rise in the euro against the dollar as the pound also came under pressure from a rise in the UK unemployment rate. The pound also hit a session low against the dollar of $1.5302, from $1.5323 TRADING TIPS before the data was released. BUY USD/INR Rupee rises further to hit new 7-week high; more upside seen ABOVE 54.27 for The rupee hit a new seven week high at 53.77, and TGTS of currently is trading at 53.80/81 versus its previous close of 54.15/16 on gains in the domestic share market 54.39/54.51 and a broad risk-rally in regional markets. Traders PAST expect the next key support for rupee to be met around 53.70 levels. PERFORMANCE RBI REFERENCE RATE BUY USD/INR As on 16th APRIL 2013 ABOVE 54.24 for UNDERLYING RATE TGTS of USDINR 54.3290 54.12/54.00 EURINR 71.0531 TGT HIT GBPINR 83.1723 JPYINR 55.7000www.epicresearch.co +919752199966
FOREX FORTHCOMING DATATIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 8:30am USD Unemployment Claims 349K 346KDisclaimerThe 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 tochoose the product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained hereinis based 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 reportdoes not provide individually tailor-made investment advice. Epic research recommends that investorsindependently evaluate particular investments and strategies, and encourages investors to seek the advice ofa financial adviser. Epic research shall not be responsible for any transaction conducted based on theinformation 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 toepic research might be holding positions in the stocks recommended. It is understood that anyone who isbrowsing through the site has done so at his free will and does not read any views expressed asa recommendation for which either the site or its owners or anyone can be held responsible for . Anysurfing 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 lossincurred whatsoever for any financial profits or loss which may arise from the recommendations aboveepic research does not purport to be an invitation or an offer to buy or sell any financial instrument. OurClients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS orReport or Any Information Provided by us to/with anyone which is received directly or indirectly by them. Iffound so then Serious Legal Actions can be taken.