Daily forex-report by epic research 4 jan 2013

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Daily forex-report by epic research 4 jan 2013

  1. 1. DAILY FOREX REPORT 4TH JANUARY 2013WWW.EPICRESEARCH.CO +919752199966
  2. 2.  HEADLINES Indian Rupee slightly lower on short-covering, oil demand Indian Rupee continues to trade stronger on the day at 54.42/43 versus its previous close of 54.35/36 as some investors cover short dollar positions after the recent fall in the pair. Dollar buying from oil refiners is also aiding the pair. Mild loss in domestic shares and broad optimism on expectations of a rate cut later this month are keeping sentiment for the dollar subdued, limiting a very sharp rise. Domestic shares are trading up 0.2 per cent. Rupee falls by 10 paise against dollar in early trade TRADING TIPS The rupee depreciated by 10 paise to 54.45 against the US SELL USD/INR dollar in early trade today on the Interbank Foreign BELOW 54.70 Exchange due to appreciation of the American currency FOR TGT against the euro and other currencies in overseas markets. 54.55/54.40 Dealers attributed the rupees fall to dollar gains against the euro overseas and sustained demand for the American SL 54.85 currency from importers. PAST PERFORMANCE REFERENCE RATE SELL EUR/INR As on 3RD January 2013 BELOW 72.20 FOR TGT UNDERLYING RATE 72.05/71.90 USDINR 54.4153 SL 72.35 EURINR 71.4945 UNEXECUTED GBPINR 88.2888 JPYINR 62.3600 www.epicresearch.co +919752199966
  3. 3. DAILY MARKET STATISTICSPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Symbol Series/Expiry Unit Open High Low Close Prev. Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 29-Jan-2013 1 EUR 72.1000 72.1000 71.4500 71.7075 72.2125 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 EURINR 26-Feb-2013 1 EUR 71.9000 72.9100 71.9000 71.9600 72.4425 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 88.6300 88.7000 88.3900 88.4875 88.8275 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255588.7825 7/19/2012 1 42250 88.9600 42390 88.7100 42435 88.7475 45 89.0600 0.11REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 29-Jan-2013 100 JPY 62.6700 63.0700 62.5500 62.9725 62.6775SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 62.8000 63.2650 62.7625 63.1525 62.8675TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 54.5300 1251 1251 54.7900 1246 54.5225 1282 54.7300 36 54.5675 2.89 USDINR 26-Feb-2013 1 USD 54.7600 55.0350 54.7600 54.9675 54.8075 USDINR 27-Mar-2013 1 USD 55.1100 55.2800 55.0575 55.2175 55.0750 www.epicresearch.co +919752199966
  4. 4. DAILY USD/INR CHARTANALYSISOPEN: 54.5600HIGH: 54.7900LOW: 54.5225CLOSE: 54.7300  USD/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  5. 5. DAILY EUR/INR CHARTANALYSISOPEN: 71.6775HIGH: 71.9250LOW: 71.4500CLOSE: 71.7075  EUR/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 12:30am USD FOMC Meeting Minutes 7:00pm USD Non-Farm Employment 135K 146K Change 7:00pm USD Unemployment Rate 7.7% 7.7% 8:30pm USD ISM Non-Manufacturing 54.3 54.7 PMI 9:30pm USD Crude Oil Inventories -1.6M -1.0MDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis 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 does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free willand does not read any views expressed as a recommendation for which either the site or its owners or anyone can be heldresponsible 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 incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966

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