Forex report


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Forex report

  1. 1. 9977785000 DAILY FOREX REPORT RESEARCH VIA 4/7/2013
  2. 2. MARKET HEADLINES  Rupee tanks below 60 mark; down by 72 p vs US Dollar The Rupee is extending losses tailing stock weakness, euro losses also hurting, says dealer. The pair is at 60.38/39, up from an intraday high of 59.84. The Rupee has immediate resistance at 60.40. Dealers say no RBI presence suspected for now, but on watch. This is the first time since June 27 that the domestic currency tips has fallen below the 60 level. Rupee had touched an all-time low of 60.76 against the dollar on June 26.  Sterling rises, gilt futures pare gains after robust UK services PMI Sterling rose to a session high versus the dollar while gilt futures pared gains on Wednesday after a survey showed that Britain's services sector grew at its fastest rate in more than two years in June. Sterling rose 0.4 percent to the day's high of $1.5214 from $1.5168 before the data. It recovered from a one-month low of $1.5130, hit earlier in the day. The euro fell 0.7 percent to a session low of 85.05 pence from 85.32 pence beforehand. British government bond futures pared earlier hefty gains by more than 15 ticks after the release of the data, with the September contract dropping as low as 113.02 from a level of 113.20 just before the data.  Yuan little changed; PBOC favors stability amid regional declines China's yuan was little changed on Wednesday after the central bank's recent fixings signalled a desire for stability amid falls in emerging Asian equities and currencies. Spot yuan traded at 6.1321 per dollar near midday, up 0.01 per cent from Tuesday's close. The People's Bank of China (PBOC) fixed its midpoint at 6.1803 per dollar on Wednesday, 0.05 per cent weaker than Tuesday's fix.
  3. 3. DAILY MARKET STATISTICS CURRENCY EXPIRY OPEN HIGH LOW CLOSE EURINR 29-Jul-13 77.8175 78.6675 77.8175 78.5125 EURINR 28-Aug-13 78.3000 78.9500 78.3000 78.8500 EURINR 26-Sep-13 78.7000 79.2000 78.7000 78.9000 GBPINR 29-Jul-13 91.1375 92.5400 91.0875 92.4025 GBPINR 28-Aug-13 91.4325 92.8300 91.4050 92.7150 JPYINR 29-Jul-13 60.4750 61.0300 59.6950 60.8950 JPYINR 28-Aug-13 59.9950 61.2575 59.9325 61.0975 USDINR 29-Jul-13 60.2750 60.7525 60.0400 60.6175 USDINR 28-Aug-13 60.4500 61.0100 60.4050 60.8725 USDINR 26-Sep-13 60.6850 61.2500 60.6525 61.1150 RBI REFERENCE RATE (As on 3RD JUNE 2013) UNDERLYING RATE USDINR 60.1005 EURINR 77.9505 GBPINR 91.0703 JPYINR 59.6500
  4. 4. USDINR DAILY ANALYSIS  S1-60.1875  S2-59.7575  PP-60.4700  R1-60.9000  R2-61.1825 PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS  S1- 77.9975  S2-77.4825  PP-78.3325  R1-78.8475  R2-79.1825 PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS  S1-91.4800  S2-90.5575  PP-92.0100  R1-92.9325  R2-93.4625 PIVOT POINTS
  7. 7. 54.9950 JPYINR DAILY ANALYSIS  S1- 60.0500  S2- 59.2050  PP-60.5400  R1- 61.3850  R2- 61.8750 PIVOT POINTS
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