Forex report 17 may 2013


Published on

Published in: Business, Economy & Finance
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Forex report 17 may 2013

  1. 1. 9977785000DAILY FOREXREPORTRESEARCH VIA5/17/2013
  2. 2. MARKET HEADLINES Rupee edges down against dollar; down 7 paiseThe rupee edged down to 54.85/86 versus its close of 54.78/79,tracking the euros losses versus the dollar and a choppy domesticshare market.The dollar held close to a 4-1/2 year high against the yen with buyingfrom Japanese importers helping it to recoup some of the lossessuffered after disappointing US industrial data, while the eurowobbled near a six-week low.Domestic shares up 0.2 per cent, but some choppiness seen on profit-taking after the recent rally on the back of expectations for a rate cut. Sterling falls against dollar, risks to UK growthweighSterling was heading towards six-week lows against the dollar onThursday as investors sold the pound on concerns that a deepeningrecession in the euro zone would be a drag on the British economy.The Bank of England (BoE) raised its growth forecasts on Wednesday,but Governor Mervyn King said there were challenges ahead given theproblems in the euro zone. Separate data showed the euro zoneeconomy had shrunk for a sixth straight quarter.Sterling was down 0.2 percent on the day at $1.5202, not far from asix-week low of $1.5173 struck on Wednesday. Traders cited optionexpiries at $1.5200 that could keep the currency pinned around thatlevel. Yuan ends down for second day, but capital inflowsimply near-term strengthChinas yuan closed slightly lower on Thursday for the second day onthe back of an overnight rally in the dollar in global markets.But the yuan is likely to retain its recent strength as central bank datashowed capital continued to flow into the country on a large scale.Traders said the inflows have produced an abundance of dollars in themarket that nobody appears to want.Spot yuan closed at 6.1492 against the dollar, slipping from 6.1459 atWednesdays close.
  3. 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 29-May-2013 70.6400 70.7700 70.4825 70.6650EURINR 26-Jun-2013 70.9050 71.0300 70.7675 70.9350EURINR 29-Jul-2013 71.1150 71.3000 71.1000 71.3000GBPINR 29-May-2013 83.5375 83.6800 83.3725 83.5475GBPINR 26-Jun-2013 83.8050 83.9900 83.6900 83.8600JPYINR 29-May-2013 53.7000 53.7900 53.5150 53.5600JPYINR 26-Jun-2013 53.9025 54.0300 53.7700 53.8200USDINR 29-May-2013 54.8600 55.0250 54.7325 54.8850USDINR 26-Jun-2013 55.0700 55.2325 54.9550 55.1075USDINR 29-Jul-2013 55.3550 55.4925 55.2200 55.3725RBI REFERENCE RATE(As on 16THMAY 2013)UNDERLYING RATEUSDINR 54.7723EURINR 70.4605GBPINR 83.3141JPYINR 53.5000
  4. 4. USDINR DAILY ANALYSIS S1-54.7392 S2-54.5399 PP-54.8808 R1-55.0267 R2-55.1683PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS S1- 70.5092 S2-70.3533 PP-70.6383 R1-70.7942 R2-70.9233PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS S1-83.3867 S2-83.2258 PP-83.5333 R1-83.6942 R2-83.8408PIVOT POINTS
  7. 7. 54.9950JPYINR DAILY ANALYSIS S1- 53.4533 S2- 53.3467 PP-53.6217 R1- 53.7283 R2- 53.8967PIVOT 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.