Weekly forex-report by epic research 1 april 2013

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  • 2.  HEADLINES  Indias forex reserves jump $1 billion to $ 293.37 billion The countrys foreign exchange reserves rose for the second consecutive week, going up by $ 1.05 billion to $ 293.37 billion on a rise in the core currency assets, the Reserve Bank said today.The total reserves had risen by nearly $ 2 billion to $ 292.3 billion in the previous reporting week. Foreign currency assets, a major component of the forex reserves, were up by $ 1.06 billion to $ 260.41 billion for the week ended March 22, the Reserve Bank said.  RBI REFERENCE RATE  Yuan closes higher but pulls back from record As on 28TH MARCH 2013 on PBOC stability push Chinas yuan on Friday equaled a record high set two days earlier, but closed the week only slightly higher as UNDERLYING RATE the central bank appeared intent on holding the USDINR 54.3893 currency steady. Spot yuan opened at a record-high 6.2195 per dollar, but closed at 6.2108, 0.03 per cent EURINR 69.5438 stronger for the week. Traders reported signs that the GBPINR 82.3209 central bank was intervening to hold the exchange rate JPYINR 57.7600 above the psychologically significant 6.21 resistance level.The yen strengthened in morning Asian trade on Friday after Japans parliament approved a new management team for the countrys central bank, which is expected to launch aggressive easing measures.www.epicresearch.co +919752199966
  • 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS (As on22NDMARCH 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 70.5175 1 1178 71.0000 1183.569.8100 1178 70.0275 -5.5 -0.46 70.4225 JEERA EUR-INR 7/19/2012 29-May-2013 14955EUR 1496070.4000 1 14650 70.4450 15052.5 14800 70.3850 70.2000 -252.5 -1.68 70.8100 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBP-INR 26-Apr-2013 1 GBP 82.8300 82.9275 82.6200 82.7375 82.9150 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 GBP-INR 29-May-2013 1 GBP 83.2850 83.3100 83.1050 83.1575 83.3100REF 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 58.4000 58.4000 57.9875 58.0425 57.9775SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPY-INR 29-May-2013 100 JPY 58.4700 58.5375 58.2800 58.3475 58.2925TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USD-INR 26-Apr-2013 1 USD 54.7500 54.8100 54.6150 54.6725 54.7000 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 USD-INR 29-May-2013 1 USD 55.0400 55.1300 54.9300 54.9850 55.0225 USD-INR 26-Jun-2013 1 USD 55.4050 55.4050 55.2250 55.2850 55.3200 www.epicresearch.co +919752199966
  • 4. WEEKLY USD/INR CHARTANALYSISOPEN: 54.0900HIGH: 54.3800LOW: 54.0500CLOSE: 54.2500  USD/INR LOOKS SIDEWAYS  TREND: BULLISH  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  • 5.  WEEKLY EUR/INR CHARTANALYSISOPEN: 70.5200HIGH: 70.5500LOW: 69.2500CLOSE: 69.5600  EUR/INR LOOKS SIDEWAYS  TREND: BULLISH  STRATEGY: BUY ON DIPSwww.epicresearch.co +919752199966
  • 6. FOREX FORTHCOMING EVENTSDAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS MONDAY 7:30pm USD ISM Manufacturing PMI 54.2 54.2 TUESDAY 2:00pm GBP Manufacturing PMI 48.9 47.9WEDNEDAY 5:45pm USD ADP Non-Farm Employment 203K 198K ChangeWEDNEDAY 7:30pm USD ISM Non-Manufacturing PMI 55.9 56.0THURSDAY 6:00pm USD Unemployment Claims 354K 357KTHURSDAY 8:00pm USD Fed Chairman Bernanke Speaks FRIDAY 6:00pm USD Non-Farm Employment Change 201K 236K FRIDAY 6:00pm USD Trade Balance -44.6B -44.4B FRIDAY 6:00pm USD Unemployment Rate 7.7% 7.7% 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