Forex report 29 may 2013


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Forex report 29 may 2013

  1. 1. 9977785000DAILY FOREXREPORTRESEARCH VIA5/29/2013
  2. 2. MARKET HEADLINES Rupee falls to near 56 against dollarThe rupee was just short of the 56 mark as exporters rushed in tosell, pulling the Indian currency down to 55.88/89 but still well belowits close of 55.5675/5775 on Monday.Traders said heavy dollar demand from oil and defence firms andalso from some custodian buying by two large foreign banks arehurting the rupee.Exporters, however, are likely to sell the US currency around 56 levels,preventing a very sharp fall in the Indian currency during this session,traders said. Yuan ends lower, takes break after slew of recordhighs in MayChinas yuan, which has hit record highs against the dollar seventimes this month, closed slightly weaker on Tuesday after the centralbank set a slightly lower midpoint to signal a pause in the currencysappreciation.Spot yuan closed at 6.1215 against the dollar, down slightly from6.1211 at the close on Monday when the currency reached an intradayhigh of 6.1210, its highest since China set up the domestic foreignexchange market in 1994. Swiss franc falls as risk aversion easesThe Swiss franc fell against the euro and the dollar on Tuesday asglobal markets stabilised following the recent patch of volatility,prompting less demand for safe-haven currencies.The franc fell 0.6 percent against the dollar to trade at 0.9693 by 0700GMT compared to the New York close.The franc fell 0.4 percent against the euro to 1.2502.St. Galler Kantonalbank analysts said they expected the franc to tradebetween 1.24 and 1.26 per euro for the time being.
  3. 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 29-May-2013 71.8200 72.4400 71.8200 72.3850EURINR 26-Jun-2013 72.2025 72.7200 72.1575 72.6525EURINR 29-Jul-2013 72.5575 72.9975 72.4975 72.9200GBPINR 29-May-2013 84.0650 84.6400 84.0600 84.5750GBPINR 26-Jun-2013 84.4000 84.9625 84.3925 84.8775JPYINR 29-May-2013 54.8975 54.9100 54.5725 54.8450JPYINR 26-Jun-2013 55.2500 55.2500 54.8525 55.1125USDINR 29-May-2013 55.7450 56.0175 55.6700 55.9475USDINR 26-Jun-2013 55.9000 56.2600 55.8000 56.1925USDINR 29-Jul-2013 56.2300 56.5075 56.1600 56.4325RBI REFERENCE RATE(As on 28THMAY 2013)UNDERLYING RATEUSDINR 55.7423EURINR 72.0265GBPINR 84.1709JPYINR 54.6500
  4. 4. USDINR DAILY ANALYSIS S1-55.7392 S2-55.5308 PP-55.8783 R1-56.0867 R2-56.2258PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS S1- 71.9908 S2-71.5967 PP-72.2142 R1-72.6083 R2-72.8317PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS S1-84.2100 S2-83.8450 PP-84.4250 R1-84.7900 R2-85.0050PIVOT POINTS
  7. 7. 54.9950JPYINR DAILY ANALYSIS S1- 54.6433 S2- 54.4417 PP-55.7767 R1- 54.9783 R2- 55.1117PIVOT POINTS
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