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Forex report

  1. 1. 9977785000 DAILY FOREX REPORT RESEARCH VIA 7/5/2013
  2. 2. MARKET HEADLINES  Rupee turns lower as Subbarao's comments hurt sentiment The rupee turned lower as absence of any soothing comments from RBI chief D Subbarao on rupee hurt sentiment, says dealers. The rupee is at 60.30/31 versus Wednesday's close of 60.215/225 after remaining in a tight range for most of the session. The RBI Governor said he does not have a specific foreign exchange rate target, which raises concerns that the RBI is unlikely to defend any particular level strongly.  Yuan rises along with stronger midpoint on dollar slide China's yuan rose on Thursday, following stronger guidance from the central bank after the dollar fell in overnight trade on policy jitters. The dollar index slid overnight as investors trimmed back long positions in the run up to the US July 4 holiday and payroll data on Friday, but it steadied in Asian trade. The spot yuan remained range bound on Thursday after opening at 6.1266 per dollar, up 0.07 percent from Wednesday's close. The People's Bank of China set the midpoint at 6.1755 per dollar before market open, up 0.08 percent from Wednesday.  Swiss franc falls against euro, dollar; ECB review in focus The Swiss franc was weaker against the euro and the dollar on Thursday in thin trading ahead of the European Central bank's policy review and with US markets closed for a holiday, while traders also awaited Friday's US payrolls report. Political instability in Portugal, which has weighed on the euro in recent sessions, has also pressured the franc, which has traded in a fairly narrow range against the single currency since September 2011 when the Swiss National Bank imposed a 1.20 per euro cap to stave off a recession and deflation.
  3. 3. DAILY MARKET STATISTICS CURRENCY EXPIRY OPEN HIGH LOW CLOSE EURINR 29-Jul-13 78.5250 78.8000 78.0850 78.4700 EURINR 28-Aug-13 78.6250 79.0975 78.3825 78.7950 EURINR 26-Sep-13 78.7000 79.3500 78.6100 79.2675 GBPINR 29-Jul-13 92.1025 92.4725 90.9550 91.3375 GBPINR 28-Aug-13 92.3075 92.7700 91.2900 91.8025 JPYINR 29-Jul-13 60.6000 60.8375 60.2050 60.5250 JPYINR 28-Aug-13 60.6250 61.0700 60.4825 60.7475 USDINR 29-Jul-13 60.7500 60.7500 60.1525 60.3800 USDINR 28-Aug-13 60.6700 60.9300 60.4150 60.6625 USDINR 26-Sep-13 60.9200 61.1800 60.6700 60.8950 RBI REFERENCE RATE (As on 4TH JUNE 2013) UNDERLYING RATE USDINR 60.0905 EURINR 78.0787 GBPINR 91.5779 JPYINR 60.2500
  4. 4. USDINR DAILY ANALYSIS  S1-60.1050  S2-59.8300  PP-60.4275  R1-60.7025  R2-61.0250 PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS  S1- 78.1033  S2-77.7367  PP-78.4517  R1-78.8183  R2-79.1667 PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS  S1-90.7042  S2-90.0708  PP-91.5883  R1-92.2217  R2-93.1058 PIVOT POINTS
  7. 7. 54.9950 JPYINR DAILY ANALYSIS  S1- 60.2075  S2- 59.8900  PP-60.5225  R1- 60.8400  R2- 61.1550 PIVOT POINTS
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