Forex report 23 may 2013
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Forex report 23 may 2013 Document Transcript

  • 1. www.researchvia.com 9977785000DAILY FOREXREPORTRESEARCH VIA5/23/2013
  • 2. MARKET HEADLINES Rupee falls below 55.50 against dollarThe rupee extended losses beyond 55.50 and is on way to stretchinglosses for a fourth session.The Indian currency was trading at 55.50/51 after falling to 55.56versus Tuesdays close of 55.41/42.A state-run dealer said the pair may see 55.70 during the session,though 55.60 may provide some immediate support to Indiancurrency. Euro hits 3-1/2 year high versus yen, rallies againstSwiss francThe euro rose to a 3-1/2 year peak against the yen and a four-monthhigh against the Swiss franc on Wednesday as investors demand forsafe-haven currencies waned on falling borrowing costs for indebtedeuro zone countries.The euro rose to 133.14 yen, pushing past a reported option barrier at133 yen to trade at its highest since January 2010. So far this year, theeuro is up 16 percent.The euro also rose to 1.2546 Swiss francs, its highest since January18. Traders cited an option barrier at 1.2550 francs. Yuan ends up vs dollar, stays near record high onPBOC guidanceChinas yuan closed up against the dollar on Wednesday, slightlyshort of the record intra-day high struck on Tuesday, as the centralbank lets the currency appreciate further.Spot yuan closed at 6.1311 against the dollar, up from 6.1356 atTuesdays close but shy of the record high of 6.1305 the currency hit inintraday trading Tuesday.Before trade began, the Peoples Bank of China (PBOC) fixed theyuans midpoint at another all-time high, 6.1904. Tuesdays midpointsetting - at 6.1911 - had also been a record. The yuan is allowed to riseor fall 1 percent in a day from the central banks base rate.
  • 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 29-May-2013 71.4000 72.1175 71.4000 71.8650EURINR 26-Jun-2013 71.8475 72.3800 71.8200 72.1775EURINR 29-Jul-2013 72.4850 72.5875 72.2025 72.3900GBPINR 29-May-2013 84.0200 84.2800 83.7650 83.9000GBPINR 26-Jun-2013 84.2825 84.6075 84.1075 84.2350JPYINR 29-May-2013 54.1275 54.2925 54.0000 54.0675JPYINR 26-Jun-2013 54.3800 54.5400 54.2625 54.3225USDINR 29-May-2013 55.4875 55.7375 55.4200 55.6125USDINR 26-Jun-2013 55.6575 55.9625 55.6275 55.8325USDINR 29-Jul-2013 55.9400 56.2125 55.8800 56.0900RBI REFERENCE RATE(As on 22NDMAY 2013)UNDERLYING RATEUSDINR 55.5220EURINR 71.6725GBPINR 84.0936JPYINR 54.0700
  • 4. USDINR DAILY ANALYSIS S1-55.4433 S2-55.2742 PP-55.5892 R1-55.7583 R2-55.9042PIVOT POINTS
  • 5. EURINR DAILY ANALYSIS S1- 71.5875 S2-71.3100 PP-71.8425 R1-72.1200 R2-71.3750PIVOT POINTS
  • 6. GBPINR DAILY ANALYSIS S1-83.6842 S2-83.4683 PP-83.9808 R1-84.1967 R2-84.4933PIVOT POINTS
  • 7. 54.9950JPYINR DAILY ANALYSIS S1- 53.9475 S2- 53.8275 PP-54.1200 R1- 54.2400 R2- 54.4125PIVOT POINTS
  • 8. DISCLAIMERAll data and reports at Research Via are only information services for subscribers and are notindividualized recommendations to buy or sell securities, nor offers to buy or sell securities.Under any circumstances the subscription amount paid to Research Via are not refundable.Investment in equity shares, futures, options and commodities has its own risks. Sincere effortshave been made to present the right investment perspective. The information contained herein isbased on analysis and on sources that we consider reliable. We, however, do not vouch for theaccuracy or the completeness thereof. This material is for personal information and we are notresponsible for any loss incurred due to it & take no responsibility whatsoever for any financialprofits or loss which may arise from the recommendations above.This Website is for information purposes only. The information contained on this should not beconstrued as an offer to sell, a solicitation of an offer to buy, or a recommendation for the unitsof the schemes of Research Via. Research Via is neither responsible nor liable for third partycontent provided or content from any other aspect of any other Website, which may be accessedfrom this Website. A possibility exists that the site could include inaccuracies or errors.Additionally, a possibility exist that unauthorized additions, deletions or alterations could bemade by third parties to the site. Although Research Via attempts to ensure the integrity,correctness and authenticity of the site, it makes no guarantees whatsoever as to itscompleteness, correctness or accuracy. In the event, that such an inaccuracy arises, pleaseinform Research Via so that it can be corrected.Research Via and its owners/affiliates are not liable for damages caused by any performance,failure of performance, error, omission, interruption, deletion, defect, delay in transmission oroperations, computer virus, communications line failure, and unauthorized access to thepersonal accounts. Research Via is not responsible for any technical failure or malfunction of thesoftware or delays of any kind. We are also not responsible for non-receipt of registration detailsor e-mails. Research Via is not responsible for the content of any of the linked sites. By providingaccess to other web-sites, Research Via is neither recommending nor endorsing the contentavailable in the linked websites.