Forex report 14 may 2013


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Forex report 14 may 2013

  1. 1. 9977785000DAILY FOREXREPORTRESEARCH VIA5/14/2013
  2. 2. MARKET HEADLINES Rupee near two-month low; down 14 paise vs dollarThe rupee was trading weaker at 54.94/95 versus its close of54.80/81 on Friday as sharp losses in domestic shares and a broadlystrong dollar hurt. The Indian currency fell to as low as 55.01 earlier inthe session, its lowest since March 4. The main share index wastrading down 1 per cent.Oil and gold prices fell on Monday as the dollar strengthened,weighing on Asian shares, but Japanese equities outperformed on theback of the yens slide to a fresh 4-1/2-year low against the UScurrency. Swiss franc near 8-1/2 month low vs dollar beforeUS dataThe Swiss franc hovered close to last weeks 8-1/2 month low againstthe dollar on Monday, and was stronger against the euro, withinvestors cautious before US retail sales.US retail sales in April are expected to have fallen 0.3 percent month-on-month, according to a Reuters poll.The franc was virtually unchanged against the dollar to trade at0.95630 by 0720 GMT compared to the New York close.The franc strengthened 0.1 percent against the euro. Yen drops further as G7 avoids criticising JapanThe yen suffered fresh losses on Monday after Group of Sevenfinance officials avoided direct criticism of Japans monetary policy,which has pushed its currency to four-year lows.The yen hit 102.15 yen per dollar, its lowest since October 2008, ontrading platform EBS as investors saw the G7 outcome as a green lightto sell the currency.It was last steady at 101.65 yen, with traders saying investors tookprofit from the dollars rise above 102 yen.
  3. 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 29-May-2013 71.3450 71.5225 71.2000 71.2550EURINR 26-Jun-2013 71.5675 71.7900 71.4825 71.5250EURINR 29-Jul-2013 71.9500 72.0000 71.8725 71.8725GBPINR 29-May-2013 84.4500 84.7000 84.2525 84.3250GBPINR 26-Jun-2013 84.7000 85.0100 84.6125 84.6625JPYINR 29-May-2013 54.1700 54.3375 54.0025 54.0925JPYINR 26-Jun-2013 54.2750 54.5700 54.2375 54.3425USDINR 29-May-2013 54.9825 55.1825 54.8500 54.8950USDINR 26-Jun-2013 55.2000 55.4000 55.0750 55.1175USDINR 29-Jul-2013 55.4600 55.6475 55.3500 55.3775RBI REFERENCE RATE(As on 13THMAY 2013)UNDERLYING RATEUSDINR 54.9150EURINR 71.3167GBPINR 84.4428JPYINR 54.0300
  4. 4. USDINR DAILY ANALYSIS S1-54.67692 S2-54.6433 PP-54.9758 R1-55.1017 R2-55.3083PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS S1- 71.1658 S2-71.0767 PP-71.3442 R1-71.4333 R2-71.6117PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS S1-84.2025 S2-84.0800 PP-84.4475 R1-84.5700 R2-84.8150PIVOT POINTS
  7. 7. 54.9950JPYINR DAILY ANALYSIS S1- 53.9508 S2- 53.8092 PP-54.1442 R1- 54.2858 R2- 54.4792PIVOT POINTS
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