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  1. 1. w eekly Forex Report(2 july2012)Weekly News  The Indian rupee posted its biggest percentage jump against the dollar in three years.  The market geared up for a 4.3% current account deficit and priced it in to send the rupee all the way to 57.  Rupee gain: RBI announces fresh measures to boost dollar inflows  The euro jumped nearly 2 percent, oil prices surged and world stocks rallied on F riday after euro zone leaders agreed on measures to cut soaring borrowing costs in Italy and Spain, in addition to directly recapitalizing regional banksEuro posts second weekly gain; Aussie stabilizes.  EZ finance ministers meet next week to discuss rescue deal.WeeklyChina outlookofcontinuemarketcurrencies.  trends to the to influence    On the global circuit, Euro and stock markets too rallied after EU leaders agreed on  longer rally seen on course unity and reaffirmed commitment to use its bailout funds Dollar term tighter fiscal as U.S. outlook improves. flexibly. .  Speculators increase bets against yen in latest week.  The Reserve Bank of India has discussed with state-run oil firms steering 50 percent of  Sterling touches 5-mth high vs dollar. their dollar purchases via a single state-owned bank to smoothen volatility in the rupee   Aussie rises, yen slips as regional shares climb. The euro up sharply against the dollar as European leaders agree on decisive action to lower the borrowing costs of Italy and Spain and create a single supervisory body for euro banks  RBI is scheduled to sell Rs 150 billion of debt this week and traders will await any open market operation by the central bank to help ease liquidity.
  2. 2. www.epicresearch.co+919993959693 WEEKLY CHARTS EUR/USD USD/JPY www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co+919993959693 GBP/USD USD/INR www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co+919993959693 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 shal l not be responsible f or 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 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 S MS 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 +919993959693