Forex report 13 may 2013

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Forex report 13 may 2013

  1. 1. www.researchvia.com 9977785000DAILY FOREXREPORTRESEARCH VIA5/13/2013
  2. 2. MARKET HEADLINES Rupee falls most in 4 months on global dollarstrengthThe rupee posted its biggest single-day fall in four months on Friday,as the dollars strength against global currencies and demand from oiland gold importers offset gains in domestic shares that have beendriven by strong foreign flows.The immediate resistance for USD/INR is 54.75, followed bypsychological resistance of 55.00 and good support around 54.15-20.The partially convertible rupee closed at 54.80/81 per dollar, 1percent below its 54.25/26 close on Thursday. The unit dropped to asmuch as 54.8050 during the session, its weakest since April 8. Sterling hits near 4-year high against yenSterling rose to a near four-year high against a weaker yen on Friday,with the pound drawing support from pick-up in activity in the Britisheconomy that has lessened chances of more monetary easing in thenear term.Against the euro, sterling was flat at 84.35 pence , while against abroadly firmer dollar it was marginally lower on the day at $1.5410. Yuan ends weaker on global dollar rally, uptrendstill seen intactChinas yuan ended slightly lower on Friday, drifting from its all-timehigh hit in the previous session, after the central bank set its officialmidpoint weaker to reflect a rally in the dollar index overnight, traderssaid.Spot yuan closed at 6.1417 against the dollar, slipping from 6.1309 atthe close on Thursday. The PBOC fixed its midpoint at 6.2016 beforetrade began, weaker than Thursdays all-time high midpoint of 6.1925.Guided by a series of record high midpoints, the yuan changed handsat as high as 6.1307 per dollar in intraday trading on Thursday, itshighest level since China established the domestic foreign exchangemarket in 1994.
  3. 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 29-May-2013 71.3000 71.4250 71.1500 71.3650EURINR 26-Jun-2013 71.6275 71.6675 71.4050 71.6300EURINR 29-Jul-2013 71.8200 71.8675 71.7225 71.7225GBPINR 29-May-2013 84.4000 84.5850 84.2050 84.5100GBPINR 26-Jun-2013 84.7875 84.8925 84.5375 84.8150JPYINR 29-May-2013 55.0000 55.0000 53.9925 54.0850JPYINR 26-Jun-2013 54.5500 54.5500 54.2475 54.3250USDINR 29-May-2013 54.4800 54.9775 54.4800 54.9150USDINR 26-Jun-2013 54.6100 55.1775 54.6100 55.1150USDINR 29-Jul-2013 54.9000 55.4250 54.8975 55.3800RBI REFERENCE RATE(As on 10THMAY 2013)UNDERLYING RATEUSDINR 54.5413EURINR 71.1075GBPINR 84.1900JPYINR 53.9700
  4. 4. USDINR DAILY ANALYSIS S1-54.6042 S2-54.2933 PP-54.7908 R1-55.1017 R2-55.2833PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS S1- 71.2017 S2-71.0383 PP-71.2017 R1-71.3133 R2-71.5883PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS S1-84.2817 S2-84.0533 PP-84.4333 R1-84.6617 R2-84.8133PIVOT POINTS
  7. 7. 54.9950JPYINR DAILY ANALYSIS S1- 53.7183 S2- 53.3517 PP-54.3592 R1- 54.7258 R2- 55.3667PIVOT POINTS
  8. 8. DISCLAIMERAll data and reports at Research Via are only information services for subscribers and are notindividualized recommendations to buy or sell securities, nor offers to buy or sell securities.Under any circumstances the subscription amount paid to Research Via are not refundable.Investment in equity shares, futures, options and commodities has its own risks. Sincere effortshave been made to present the right investment perspective. The information contained herein isbased on analysis and on sources that we consider reliable. We, however, do not vouch for theaccuracy or the completeness thereof. This material is for personal information and we are notresponsible for any loss incurred due to it & take no responsibility whatsoever for any financialprofits or loss which may arise from the recommendations above.This Website is for information purposes only. The information contained on this should not beconstrued as an offer to sell, a solicitation of an offer to buy, or a recommendation for the unitsof the schemes of Research Via. Research Via is neither responsible nor liable for third partycontent provided or content from any other aspect of any other Website, which may be accessedfrom this Website. A possibility exists that the site could include inaccuracies or errors.Additionally, a possibility exist that unauthorized additions, deletions or alterations could bemade by third parties to the site. Although Research Via attempts to ensure the integrity,correctness and authenticity of the site, it makes no guarantees whatsoever as to itscompleteness, correctness or accuracy. In the event, that such an inaccuracy arises, pleaseinform Research Via so that it can be corrected.Research Via and its owners/affiliates are not liable for damages caused by any performance,failure of performance, error, omission, interruption, deletion, defect, delay in transmission oroperations, computer virus, communications line failure, and unauthorized access to thepersonal accounts. Research Via is not responsible for any technical failure or malfunction of thesoftware or delays of any kind. We are also not responsible for non-receipt of registration detailsor e-mails. Research Via is not responsible for the content of any of the linked sites. By providingaccess to other web-sites, Research Via is neither recommending nor endorsing the contentavailable in the linked websites.

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