The daily forex report provides the following information:
- The rupee hit a 1-month low against the dollar and local stocks fell as global risk aversion increased.
- Traders are advised to sell EUR/INR below certain levels and targets were achieved.
- Market statistics on various commodities are provided showing opening, high, low, close and change.
- Charts of USD/INR and EUR/INR are shown along with analysis of trends and strategies.
- Upcoming economic data releases from various countries are listed.
1. S
DAILY FOREX REPORT
22ND FEBRUARY 2013
WWW.EPICRESEARCH.CO +919752199966
2. HEADLINES
Rupee at 1-month lows; local shares, euro fall
Rupee is trading at over 1-month highs as global risk
aversion pulls down local stocks further. The pair is at
54.48/49 versus Wednesday's close of 54.0750/0850.
Local shares are down 0.95 per cent, headed towards their
biggest daily per centage fall in two months."There was
some USD buying before the daily RBI reference setting,"
says a dealer.The euro hit a six-week low against the dollar
on Thursday, a day after minutes of the Federal Reserve's
last policy meeting showed some policymakers thought
the Fed may have to slow or stop buying bonds before
seeing a pick-up in employment.
TRADING TIPS
REFERENCE RATE
SELL EUR/INR
As on 21ST february 2013
BELOW 71.90
FOR TGT UNDERLYING RATE
71.75/71.60 USDINR 54.2895
SL 72.10 EURINR 72.4405
PAST
GBPINR 84.0944
PERFORMANCE
SELL EUR/INR JPYINR 57.7900
BELOW 72.50
FOR TGT
72.35/72.20
SL 72.65
TARGET ACHIEVED
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
4:00am AUD RBA Gov Stevens Speaks
2:30pm EUR German Ifo Business 104.9 104.2
Climate
7:00pm CAD Core CPI m/m 0.2% -0.6%
7:00pm CAD Core Retail Sales m/m 0.1% -0.3%
9:00pm USD FOMC Member Powell
Speaks
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