Weekly forex-report by epic research 24 dec 2012

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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 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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Weekly forex-report by epic research 24 dec 2012

  1. 1. WEEKLY FOREX REPORT 24th DECEMBER 2012WWW.EPICRESEARCH.CO +919752199966
  2. 2.  HEADLINES Rupee hits 3-week low; ends at 55.06 against dollar The Indian rupee hit a three-week low on Friday, extending its fall for a third straight week, as uncertainty over the US "fiscal cliff" resolution dented demand for risk assets including domestic equities. Traders said month- and year-end dollar demand from oil and gold importers also added to the downward pressure on the local currency. Oil firms bought the greenback aggressively this week while gold importers purchased the US unit to take advantage of relatively  RBI REFERENCE RATE lower global gold prices. Euro falls, yen rises as Boehner drops fiscal As on 21stDECEMBER 2012 cliff plan The euro fell against the dollar on Friday as Republican House Speaker John Boehner abandoned his bill to UNDERLYING RATE avoid the "fiscal cliff", conceding there werent enough USDINR 55.0860 votes for it in the chamber.House Republicans refusal to support the bill was seen a rebuke for the speaker EURINR 72.7730 who passed the initiative back to President Barack GBPINR 89.5368 Obama. JPYINR 65.5000 Forex reserves jump by $1.64bn to $296.63bn The foreign exchange reserves rose by a robust USD 1.637 billion to touch USD 296.63 billion during the week ended December 14 on the back of healthy addition of core currency assets, the Reserve Bank said today. The total reserves stood at USD 294.99 billion in the previous reporting week. Foreign currency assets, awww.epicresearch.co +919752199966 major component of the forex reserves, were up by
  3. 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS (As on 21stDecember 2012) CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Symbol Series/Expiry Unit Open High Low Close Prev. Close CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 EUR-INR GUR 27-Dec-2012 7/19/2012 1188 EUR 1188 72.6875 1 1178 73.0850 1183.572.6000 1178 72.8075 -5.5 72.6875 -0.46 EUR-INR JEERA 29-Jan-2013 7/19/2012 14955EUR 1496072.9100 1 14650 73.3300 15052.572.8900 14800 73.0550 -252.5 72.9100 -1.68 GBP-INR KAPAS 27-Dec-2012 7/19/2012 1044 GBP 1053 89.4800 1 1035 89.8200 1049 89.4500 1041 89.5600 -8 89.4800 -0.76 GBP-INR PEPPER 29-Jan-2013 7/19/2012 42300GBP 4255589.8000 1 42250 90.1100 42390 89.8000 42435 89.8625 45 89.8000 0.11 JPY-INRREF SOYA 27-Dec-2012 7/19/2012 780.5 JPY 783.6 65.7125 100 777.4 65.8975 782.8565.5500 781.3 65.6000 -1.55 65.7125 -0.2 JPY-INRSOY BEAN 29-Jan-2013 7/19/2012 4309 JPY 4330 66.1550 100 4265.5 66.1600 4303 65.6775 4315 65.8575 12 66.1550 0.28 USD-INRTURMERIC 27-Dec-2012 7/19/2012 4600 USD 4676 55.0500 1 4518 55.3425 4664 55.0125 4540 55.1700 -124 55.0500 -2.66 USD-INR WHEAT 7/19/2012 29-Jan-2013 1251 USD 1282 55.2675 1 1251 55.6050 1246 55.2050 1282 55.4375 36 2.89 55.2675 USD-INR 26-Feb-2013 1 USD 55.5200 55.8675 55.5200 55.6975 55.5200 www.epicresearch.co +919752199966
  4. 4. WEEKLY USD/INR CHARTANALYSISOPEN: 54.5800HIGH: 55.3400LOW: 54.5000CLOSE: 55.1700 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  5. 5.  WEEKLY EUR/INR CHARTANALYSISOPEN: 71.7700HIGH: 73.0900LOW: 71.6600CLOSE: 72.8100 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPSwww.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING EVENTSDAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUSTHURSDAY 7:00 PM USD Unemployment Claims 365K 361KTHURSDAY 8:30pm USD CB Consumer Confidence 70.3 73.7THURSDAY 8:30pm USD New Home Sales 382K 368K FRIDAY 8:30pm USD Pending Home Sales m/m -0.3% 5.2% 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, t ogether 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

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