Forex report 28 may 2013


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Forex report 28 may 2013

  1. 1. 9977785000DAILY FOREXREPORTRESEARCH VIA5/28/2013
  2. 2. MARKET HEADLINES Rupee inches up as shares gain; month-end dollardemand hurtsThe rupee edged higher to 55.57/58 versus its close of 55.63/64 onFriday, tracking gains in the share market.Shares were trading up 0.9 per cent, pulled up by gains in RelianceIndustries which rose 4.5 per cent after the conglomerate and itspartners said they made a significant gas discovery in the KG-D6basin.Most Asian currencies were trading slightly stronger comparedwith the dollar. The dollars broad losses versus major currenciesalso helping the Indian currency.The dollars index versus six majors was down 0.17 per cent. Swiss franc up as Nikkei slide hits risk sentimentThe Swiss franc ticked up against the euro and the dollar onMonday as another sharp fall in Japanese equities weighed on appetitefor risk.Japans Nikkei Index slid more than 3 percent, following on fromturbulent trading in the previous week when concerns over weakChinese manufacturing data and worries the U.S. Federal reservemight start reducing its bond-buying programme hit stocks andcurrency markets.The safe-haven franc was trading up 0.1 percent against the euro at1.2426 compared to the New York close. Against the dollar, the francwas also up 0.1 percent at 0.9604, with a holiday in the United Statesand Britain expected to keep trading thin. Yen stays near 2-1/2 week high against dollarThe yen rose on Monday, hovering near its highest in more than twoweeks against the dollar, as another drop in Japanese sharescontinued to encourage investors to unwind dollar hedge positions.Trading was quiet, however, with UK and U.S. markets closed for apublic holiday.The dollar was down 0.4 percent at 100.84 yen, near Fridays trougharound 100.66 yen, its lowest since May 10.
  3. 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 29-May-2013 72.0525 72.1225 71.9100 71.9575EURINR 26-Jun-2013 72.3450 72.4100 72.1850 72.2250EURINR 29-Jul-2013 72.6600 72.6650 72.5175 72.5575GBPINR 29-May-2013 84.2125 84.3700 84.0425 84.1050GBPINR 26-Jun-2013 84.6125 84.7550 84.3925 84.4425JPYINR 29-May-2013 55.1225 55.2875 55.0200 55.1175JPYINR 26-Jun-2013 55.4000 55.6000 55.3100 55.3875USDINR 29-May-2013 55.7500 55.7875 55.5600 55.6000USDINR 26-Jun-2013 55.9100 56.0325 55.7925 55.8350USDINR 29-Jul-2013 56.2700 56.2800 56.0600 56.0925RBI REFERENCE RATE(As on 27THMAY 2013)UNDERLYING RATEUSDINR 55.6198EURINR 71.9580GBPINR 84.1806JPYINR 55.1000
  4. 4. USDINR DAILY ANALYSIS S1-55.5108 S2-55.4217 PP-55.6492 R1-55.7383 R2-55.8767PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS S1- 71.9025 S2-71.8475 PP-72.0125 R1-72.0675 R2-72.1775PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS S1-84.0200 S2-83.9350 PP-84.1900 R1-84.2750 R2-84.4450PIVOT POINTS
  7. 7. 54.9950JPYINR DAILY ANALYSIS S1- 54.9983 S2- 54.8792 PP-55.1417 R1- 55.2608 R2- 55.4042PIVOT POINTS
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