DAILY FOREX REPORT BY EPIC RESEARCH-19 NOVEMBER 2012
DAILY FOREX REPORT 19TH NOVEMBER 2012WWW.EPICRESEARCH.CO +919752199966
HEADLINES Rupee drops 31 paise vs dollar in late morning trade The rupee dropped by 31 paise to 55.01 against the dollar in late morning trade today on fresh demand of the American currency from banks and importers. The rupee resumed lower at 54.85 per dollar as against the last closing level of 54.70 at the Interbank Foreign Exchange (Forex) and declined further to 55.02 before quoting 55.01 at 1040 hrs. It moved in a range of 54.87 and 55.02 per dollar during the morning deals. TRADING TIPS Renewed dollar demand from banks and importers mainly affected the rupee value. BUY USD/INR Rupee lower; RBI intervention eyed ABOVE 55.31 FOR TGT The rupee is lower in opening trades, tracking losses in most Asian FX, regional stocks, dealers say. Pair at 55.46/55.61 54.89/90 versus last close at 54.70/71.Foreign bank SL 55.11 dealer says any possible central bank intervention will be watched, after some talk about the RBI selling USD PAST in the last session. PERFORMANCE • SELL EUR/INR RBI REFERENCE RATE BELOW 70.07 As on 16TH November 2012 FOR TGT 69.87/69.67 UNDERLYING RATE SL 70.27 USDINR 54.9915 SL TRIGGERED EURINR 70.2230 GBPINR 87.2110 JPYINR 67.8800www.epicresearch.co +919752199966
FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 5:31am GBP Rightmove HPI m/m 3.5% 8:30pm USD Existing Home Sales 4.75M 8:30pm USD NAHB Housing Market 41 Index 7:45pm USD Industrial Production 0.3% 0.4% m/mDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose theproduct/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report doesnot provide individually tailor-made investment advice. Epic research recommends that investors independentlyevaluate 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 researchmight be holding positions in the stocks recommended. It is understood that anyone who is browsing through thesite has done so at his free will and does not read any views expressed as a recommendation for which either thesite or its owners or anyone can be held responsible for . Any surfing and reading of the information is theacceptance 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 lossincurred whatsoever for any financial profits or loss which may arise from the recommendations above epic www.epicresearch.co +919752199966research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid OrUnpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or AnyInformation Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.