Daily forex-report by epic research 7 jan 2013


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Daily forex-report by epic research 7 jan 2013

  2. 2.  HEADLINES Rupee down for second day on short-covering Traders say short-covering in the dollar seen on the back of losses in regional equity markets, but exporters are expected to step up sales at higher levels, holding the pair in a 54.65 to 54.95 range. Asian shares fall tracking overnight weakness in global equities after senior Federal Reserve officials express concerns about continuing to expand simulative bond buying. Traders will also watch domestic share market moves for cues on foreign fund flows. Shares trading down 0.1 percent in early trade. Rupee down 33 paise Vs dollar in early trade TRADING TIPS The rupee today weakened by 33 paise to 54.83 against the dollar in early trade at the Interbank Foreign BUY EUR/INR Exchange market due to increased demand for the US ABOVE 71.97 currency from importers amid firm global cues. Forex FOR TGT dealers said besides dollars gains against euro and yen 72.12/72.27 overseas, increased demand from oil importers for the American currency and a weak opening in the stock SL 71.82 market also put pressure on the rupee. The rupee had lost PAST 15 paise to close at 54.50 against the US dollar yesterday. PERFORMANCE SELL USD/INR REFERENCE RATE BELOW 54.70 As on 4THJanuary 2013 FOR TGT 54.55/54.40 UNDERLYING RATE USDINR 54.8458 SL 54.85 UNEXECUTED EURINR 71.5405 GBPINR 88.1646 JPYINR 62.5000 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 71.6500 72.0425 71.5700 71.9600 71.7075 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 71.8400 72.2775 71.8125 72.1825 71.9600 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 88.6000 88.6950 88.2125 88.5950 88.4875 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255588.5700 7/19/2012 1 42250 88.9700 42390 88.5125 42435 88.8575 45 88.7475 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 62.7325 62.8350 62.5125 62.7100 62.9725SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 62.9050 63.0575 62.7525 62.9050 63.1525TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 54.8300 1251 1251 55.3900 1246 54.8300 1282 55.3325 36 54.7300 2.89 USDINR 26-Feb-2013 1 USD 55.1600 55.6325 55.1600 55.5800 54.9675 USDINR 27-Mar-2013 1 USD 55.3950 55.8700 55.3925 55.8275 55.2175 www.epicresearch.co +919752199966
  4. 4. DAILY USD/INR CHARTANALYSISOPEN: 54.9450HIGH: 55.3900LOW: 54.9250CLOSE: 55.3325  USD/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  5. 5. DAILY EUR/INR CHARTANALYSISOPEN: 71.7050HIGH: 72.0425LOW: 71.5700CLOSE: 71.9600  EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:30pm CHF Foreign Currency Reserves 427.4B 3:00pm EUR Sentix Investor Confidence -16.8 3:30pm EUR PPI m/m 0.1% 8:30pm CAD Ivey PMI 47.5 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