Daily forex-report by epic research 10 jan 2013

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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday …

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

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  • 2.  HEADLINES Rupee up on corporate US dollar sales Rupee trades higher at 54.88/89 versus previous close of 54.99/55.00 as dollar demand from oil firms gets offset by some corporate dollar sales. Traders say a large petrochemical company sold dollars in the market, pushing the pair slightly lower but the flows were not too large to help sustain the downside. The pair has so far moved in a tight range of 54.85 to 55.0750 but traders expect it to move higher on the back of oil demand later in the session. Shares currently trading largely flat. Rupee likely to gain; macroeconomic concerns weigh TRADING TIPS Rupee is likely to open marginally higher, tracking gains SELL USD/INR in Asian shares, FX, says a dealer. The USD/INR pair last BELOW 55.00 closed at 54.99/00.Most Asian currencies trading with FOR TGT gains. Macroeconomic concerns continue to weigh on 54.85/54.70 rupee as evidenced by the reaction to Fitchs renewed ratings warning on Tuesday. Euro flat against dollar from SL 55.20 late U.S. levels, but yen continued to gain vs USD. PAST PERFORMANCE REFERENCE RATE SELL USD/INR As on 9THJanuary 2013 BELOW 55.22 FOR TGT UNDERLYING RATE 55.07/54.92 USDINR 54.9625 SL 55.42 EURINR 71.9235 TARGET ACHIEVED GBPINR 88.2286 JPYINR 62.8600 www.epicresearch.co +919752199966
  • 3. DAILY MARKET STATISTICSPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Symbol Series/Expiry Unit Open High Low Close Prev. Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 29-Jan-2013 1 EUR 72.3350 72.3350 71.7050 71.8375 72.4125 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 26-Feb-2013 1 EUR 72.4000 72.4675 72.0400 72.0925 72.6375 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 88.6100 88.6100 88.1800 88.2750 88.7675 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255588.7950 7/19/2012 1 42250 88.8500 42390 88.5000 42435 88.6025 45 89.0550 0.11REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 29-Jan-2013 100 JPY 63.1850 63.2575 62.6875 62.9000 63.1800SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 63.4100 63.4575 62.9350 63.1050 63.4000TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 55.1525 1251 1251 55.2600 1246 54.9350 1282 55.0175 36 55.2250 2.89 USDINR 26-Feb-2013 1 USD 55.4225 55.5050 55.1975 55.2700 55.4725 USDINR 27-Mar-2013 1 USD 55.7075 55.7650 55.4600 55.5200 55.7150 www.epicresearch.co +919752199966
  • 4. DAILY USD/INR CHARTANALYSISOPEN: 55.1700HIGH: 55.2600LOW: 54.9375CLOSE: 55.0175  USD/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  • 5. DAILY EUR/INR CHARTANALYSISOPEN: 72.2300HIGH: 72.2300LOW: 71.7700CLOSE: 71.8375  EUR/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  • 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:15pm EUR French CPI m/m 0.4% -0.2% 6:15pm EUR Minimum Bid Rate 0.75% 0.75% 7:00pm USD Unemployment Claims 361K 372K 11:40pm USD FOMC Member George Speaks 9:30pm USD Crude Oil Inventories -1.6M -1.0MDisclaimerThe 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