Forex report 22 may 2013


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Forex report 22 may 2013

  1. 1. 9977785000DAILY FOREXREPORTRESEARCH VIA5/22/2013
  2. 2. MARKET HEADLINES Rupee falls to near 6-month low on stock losses,importer demandThe rupee dropped to its lowest in nearly six months on Tuesday,dragged by late falls in local shares and import-related demand from alarge private company.The rupee has fallen 2.9 percent so far this month against the dollar,despite strong foreign inflows into debt and stock markets as thedollar gains against global currencies on worries about whether theU.S. monetary stimulus will continue.The partially convertible rupee fell for a third straight session to closeat 55.41/42 per dollar compared with Mondays close of 55.10/11. Therupee dropped to as much as 55.42, its lowest since Nov. 29. Sterling falls, UK gilts rise after inflation dataSterling fell and gilts rose on Wednesday after Britains April inflationrate undershot expectations.Sterling fell to $1.5184 from $1.5212 as the data was perceived bytraders as giving incoming Bank of England chief Mark Carneymore room to ease monetary policy later in the year. The euro rose to84.675 from 84.58 pence.British June government bond futures extended gains by almost 20ticks to hit a session high of 117.79 after the data, and at 0832 GMTwere trading 9 ticks up on the day at 117.69. Swiss franc steadies above recent lows as dollarloses steamThe Swiss franc was little changed against the euro and dollar onTuesday, as the greenback inched up against major currencies onsuspense Federal Reserve Chairman Ben Bernanke will reveal timingsfor any reduction in bond-buying currency.The franc was virtually unchanged against the dollar to trade at 0.9695by 0735 GMT compared to the New York close.The franc was flat against the euro at 1.2458.
  3. 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 29-May-2013 71.0025 71.3375 70.8000 71.2775EURINR 26-Jun-2013 71.2725 71.5900 71.1175 71.5450EURINR 29-Jul-2013 71.5625 71.8475 71.5025 71.8425GBPINR 29-May-2013 84.0000 84.0900 83.6900 84.0075GBPINR 26-Jun-2013 84.3150 84.4025 84.0100 84.3325JPYINR 29-May-2013 53.8725 54.0600 53.7075 54.0275JPYINR 26-Jun-2013 54.0450 54.2950 53.9600 54.2675USDINR 29-May-2013 55.0800 55.5275 55.0225 55.4675USDINR 26-Jun-2013 55.3000 55.7300 55.2450 55.6875USDINR 29-Jul-2013 55.5550 55.9900 55.5225 55.9475RBI REFERENCE RATE(As on 21STMAY 2013)UNDERLYING RATEUSDINR 55.0395EURINR 70.9269GBPINR 83.9517JPYINR 53.6700
  4. 4. USDINR DAILY ANALYSIS S1-55.1533 S2-54.8392 PP-55.3367 R1-55.6508 R2-55.8342PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS S1- 70.9775 S2-70.6775 PP-71.1575 R1-71.4575 R2-71.6375PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS S1-83.7692 S2-83.5308 PP-83.9283 R1-84.1667 R2-84.3258PIVOT POINTS
  7. 7. 54.9950JPYINR DAILY ANALYSIS S1- 53.8033 S2- 53.5792 PP-53.9317 R1- 54.1558 R2- 54.2842PIVOT POINTS
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