Daily forex-report by epic research 10 dec 2012


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Daily forex-report by epic research 10 dec 2012

  2. 2.  HEADLINES Re touches 1-month high on BSP support to govt on FDI  The rupee has touched a one-month high to closed at 54.134, on hopes of strong fund flows as the BSP lends support to the government on the FDI issue in the Rajya Sabha explains CNBC-TV18’s banking editor Latha Venkatesh The single factor that guided the rupee was the question of the enactment of the foreign direct investment (FDI) in multi-brand retail. There is a direct expectation of an inflow of dollars, even if it is not immediate. The rupee also rose on opinion that the BSP TRADING TIPS support to the government signals reform and therefore the foreign institutional investor (FII) flows which have BUY USD/INR been so good in the past few months will continue. The ABOVE 54.75 rupee market needs those inflows much more because the trade deficit in October was as high as USD 21 FOR TGT billion. So every month if you need USD 21 billion just 54.95/55.15 to bridge the difference between what importers are SL 54.55 buying and exporters are selling, then obviously you PAST need half a billion dollars a day, in fact almost a billion PERFORMANCE dollars every trading day to bridge the deficit. SELL USD/INR RBI REFERENCE RATE BELOW 54.25 As on 7TH December 2012 FOR TGT 54.05/53.85 UNDERLYING RATE SL 54.45 USDINR 54.2018 UNEXECUTED EURINR 70.2175 GBPINR 86.9993 JPYINR 65.7700www.epicresearch.co +919752199966
  3. 3. DAILY MARKET STATISTICSPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Prev. Symbol Series/Expiry Unit Open High Low Close Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 27-Dec-2012 1 EUR 70.5725 70.7350 70.3275 70.6475 70.9425 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 EURINR 29-Jan-2013 1 EUR 70.9500 71.0000 70.6175 70.8850 71.1925 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Dec-2012 1 GBP 87.4225 87.7200 87.1000 87.6475 87.4500 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 29-Jan-2013 42300 GBP 4255587.7150 7/19/2012 1 42250 88.0075 42390 87.3425 42435 87.9350 45 87.7450 0.11REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 27-Dec-2012 100 JPY 65.8525 66.4400 65.7425 66.3850 65.8525SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 29-Jan-2013 100 JPY 66.5000 66.6800 65.9150 66.6375 66.0875TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 27-Dec-2012 12511USD 1282 54.3500 7/19/2012 1251 54.7650 1246 54.2725 1282 54.7075 36 54.2925 2.89 USDINR 29-Jan-2013 1 USD 54.6100 55.0075 54.5250 54.9625 54.5525 USDINR 26-Feb-2013 1 USD 54.8750 55.2400 54.7575 55.1900 54.7750 www.epicresearch.co +919752199966
  4. 4. DAILY USD/INR CHARTANALYSISOPEN: 54.4325HIGH: 54.7575LOW: 54.2725CLOSE: 54.7075  USD/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  5. 5. DAILY EUR/INR CHARTANALYSISOPEN: 70.5975HIGH: 70.7350LOW: 70.3275CLOSE: 70.6475  EUR/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS Tentative CNY Trade Balance 32.0B 1:15pm EUR French Industrial -2.7% Production m/m 2:30pm EUR Italian Industrial -1.5% Production m/m 3:00pm EUR Sentix Investor Confidence -18.8 10:45pm GBP BOE Gov King SpeaksDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis 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 report does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free willand does not read any views expressed as a recommendation for which either the site or its owners or anyone can be heldresponsible 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 incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966