Weekly forex-report by epic research 22 april 2013

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  • 1. WEEKLY FOREX REPORT 22ND APRIL 2013WWW.EPICRESEARCH.CO +919752199966
  • 2.  HEADLINES  Dollar, euro rise one percent on day versus weaker yen The yen extended falls on Friday, with the dollar and the euro gaining one percent on the day, after the G20 did not criticise Japans aggressive monetary easing that has weakened its currency.Japans Finance Minister Taro Aso said on Thursday the Group of 20 has accepted Japans explanation that its monetary easing is aimed at beating deflation and not at competitively weakening the yen  RBI REFERENCE RATE  Over-reliance on a single currency for global trade is dangerous: D Subbarao, RBI governor As on 12TH APRIL 2013 The Reserve Bank of India governor, Duvvuri Subbarao, said the attempts by central banks of emerging markets to defend a sliding currency are akin UNDERLYING RATE to catching a falling knife, and the global financial USDINR 54.0298 system may be best served by more than one reserve currency.Depleting the reserves arsenal at a time of EURINR 70.4933 weakness will leave the central banks exposed and GBPINR 82.4306 failure to defend it against the market tide will cause JPYINR 55.1400 more harm than good, he said.www.epicresearch.co +919752199966
  • 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS (As on18THAPRIL 2013) CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Symbol CHILLI Series/Expiry 5060Unit 7/19/2012 5060 Open5018 High5120 Low 5018 Close -102 Prev. Close -1.99 GUR EUR-INR 7/19/2012 26-Apr-2013 1188 EUR 1188 70.8000 1 1178 70.8000 1183.570.4175 1178 70.5850 -5.5 -0.46 71.1975 JEERA EUR-INR 7/19/2012 29-May-2013 14955EUR 1496071.2150 1 14650 71.2150 15052.5 14800 70.9825 70.8400 -252.5 -1.68 71.6175 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBP-INR 26-Apr-2013 1 GBP 82.6450 82.7475 82.1750 82.4850 82.6925 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 GBP-INR 29-May-2013 1 GBP 83.1225 83.1225 82.6100 82.9000 83.1100REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPY-INR 26-Apr-2013 100 JPY 55.1100 55.4400 54.8900 54.9425 55.4875SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPY-INR 29-May-2013 100 JPY 55.6400 55.7775 55.2175 55.2825 55.7975TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USD-INR 26-Apr-2013 1 USD 54.1950 54.2750 53.9500 54.0350 54.2275 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 USD-INR 29-May-2013 1 USD 54.6675 54.6875 54.2500 54.3075 54.5125 USD-INR 26-Jun-2013 1 USD 54.8075 54.8650 54.5500 54.6200 54.8200 www.epicresearch.co +919752199966
  • 4. WEEKLY USD/INR CHARTANALYSISOPEN: 54.7600HIGH: 54.7600LOW: 53.7400CLOSE: 54.0000  USD/INR LOOKS SIDEWAYS  TREND: BULLISH  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  • 5.  WEEKLY EUR/INR CHARTANALYSISOPEN: 71.5900HIGH: 71.6100LOW: 70.3600CLOSE: 71.5400  EUR/INR LOOKS SIDEWAYS  TREND: BULLISH  STRATEGY: BUY ON DIPSwww.epicresearch.co +919752199966
  • 6. FOREX FORTHCOMING EVENTSDAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS MONDAY 10.00AM USD Existing Home Sales 4.98M TUESDAY 2:00pm USD New Home Sales 411KWEDNESDAY 5:45pm USD Core Durable Goods Orders m/m -0.7%THURSDAY 6:00pm USD Unemployment Claims 352K FRIDAY 8:30am USD Advance GDP q/q 347K 346K 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 +919752199966