The daily forex report provides the following:
- The rupee recovered from early losses against the US dollar on expectations of more foreign capital inflows into the equity market.
- Trading tips recommend selling USD/INR below 53.98 for a target of 53.78/53.58.
- Key statistics on currency pairs and commodity prices from the previous day are included.
- The Indian rupee extended gains against the US dollar to 54.95/96 due to dollar inflows from custodian banks and gains in domestic stock markets. Traders do not expect further downside for the rupee-dollar pair.
- The rupee recovered by 12 paise to 55.04 against the US dollar in late morning trade due to fresh selling of the American currency by banks and persistent capital inflows into the equity market.
- Key data points from the report include the RBI reference exchange rates for the rupee against the US dollar, euro, British pound and Japanese yen as of November 19th, 2012.
The rupee fell to a one-week low against the euro and US dollar due to weakness in the euro as traders awaited Spain's request for a bailout and monitored developments in Greece. Foreign banks expect the USD/INR pair to remain strong due to month-end dollar demand. The RBI's upcoming rate decision may provide cues on the rupee's direction, with any rate cut likely strengthening the rupee. Analysts believe rates are unlikely to be cut. Forex markets will watch upcoming economic data from Europe and the US.
The rupee dropped 31 paise against the US dollar in morning trade due to demand from banks and importers. Traders say the rupee is lower tracking losses in Asian currencies and stocks, and the Reserve Bank of India's intervention will be watched. The daily forex report provides the rupee's movement against major currencies, trading tips, past performance of various currency pairs, and daily charts of USD/INR and EUR/INR. Upcoming economic data releases from the UK and US are also listed.
The rupee initially gained against the US dollar but then erased its gains and remained steady at 54.36. Renewed demand for the dollar from banks and importers stemmed from the dollar strengthening in overseas markets. Trading tips recommend buying the EUR/INR above 69.71 for a target of 69.86/70.02. Upcoming economic data from Japan and the Eurozone is expected, including preliminary Japanese GDP figures and a speech by BOJ Governor Shirakawa.
The daily forex report dated 23rd October 2012 provides the following information:
1) The rupee opened weaker but stabilized against the dollar as some inflows from investors bidding at an upcoming foreign institutional investor debt limit auction were seen.
2) Trading tips recommend buying the EUR/INR above 69.95 with targets of 70.15/70.35 and stop loss of 69.75.
3) Market statistics, currency charts and analysis, and forthcoming economic data are also included in the report.
The rupee strengthened against the dollar on hopes that the parliament would approve foreign direct investment in retail. The rupee gained 12 paise but later surrendered some gains to trade at 54.56 per dollar. Persistent capital inflows from foreign funds into the equity market boosted the rupee. The RBI reference rate for the dollar was set at 54.5690 rupees. Trading was expected to be sideways with a strategy to sell on rises.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The document provides a daily forex report dated October 16th, 2012. It includes the following:
1) Headlines discussing declining dollar inflows from non-resident Indians as the rupee gains strength, making NRI deposits less attractive.
2) Trading tips to buy EUR/INR and USD/INR.
3) Reference exchange rates from the RBI and past performance on trades.
4) Charts and analysis of the USD/INR and EUR/INR markets.
- The Indian rupee extended gains against the US dollar to 54.95/96 due to dollar inflows from custodian banks and gains in domestic stock markets. Traders do not expect further downside for the rupee-dollar pair.
- The rupee recovered by 12 paise to 55.04 against the US dollar in late morning trade due to fresh selling of the American currency by banks and persistent capital inflows into the equity market.
- Key data points from the report include the RBI reference exchange rates for the rupee against the US dollar, euro, British pound and Japanese yen as of November 19th, 2012.
The rupee fell to a one-week low against the euro and US dollar due to weakness in the euro as traders awaited Spain's request for a bailout and monitored developments in Greece. Foreign banks expect the USD/INR pair to remain strong due to month-end dollar demand. The RBI's upcoming rate decision may provide cues on the rupee's direction, with any rate cut likely strengthening the rupee. Analysts believe rates are unlikely to be cut. Forex markets will watch upcoming economic data from Europe and the US.
The rupee dropped 31 paise against the US dollar in morning trade due to demand from banks and importers. Traders say the rupee is lower tracking losses in Asian currencies and stocks, and the Reserve Bank of India's intervention will be watched. The daily forex report provides the rupee's movement against major currencies, trading tips, past performance of various currency pairs, and daily charts of USD/INR and EUR/INR. Upcoming economic data releases from the UK and US are also listed.
The rupee initially gained against the US dollar but then erased its gains and remained steady at 54.36. Renewed demand for the dollar from banks and importers stemmed from the dollar strengthening in overseas markets. Trading tips recommend buying the EUR/INR above 69.71 for a target of 69.86/70.02. Upcoming economic data from Japan and the Eurozone is expected, including preliminary Japanese GDP figures and a speech by BOJ Governor Shirakawa.
The daily forex report dated 23rd October 2012 provides the following information:
1) The rupee opened weaker but stabilized against the dollar as some inflows from investors bidding at an upcoming foreign institutional investor debt limit auction were seen.
2) Trading tips recommend buying the EUR/INR above 69.95 with targets of 70.15/70.35 and stop loss of 69.75.
3) Market statistics, currency charts and analysis, and forthcoming economic data are also included in the report.
The rupee strengthened against the dollar on hopes that the parliament would approve foreign direct investment in retail. The rupee gained 12 paise but later surrendered some gains to trade at 54.56 per dollar. Persistent capital inflows from foreign funds into the equity market boosted the rupee. The RBI reference rate for the dollar was set at 54.5690 rupees. Trading was expected to be sideways with a strategy to sell on rises.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The document provides a daily forex report dated October 16th, 2012. It includes the following:
1) Headlines discussing declining dollar inflows from non-resident Indians as the rupee gains strength, making NRI deposits less attractive.
2) Trading tips to buy EUR/INR and USD/INR.
3) Reference exchange rates from the RBI and past performance on trades.
4) Charts and analysis of the USD/INR and EUR/INR markets.
The daily forex report provides the following information:
- The rupee recovered against the dollar after initial losses, ending higher by 7 paise.
- Trading tips recommend buying EUR/INR above 71.53 for targets of 71.68-71.83 and selling USD/INR below 54.28 for targets of 54.13-54.98.
- Market statistics and charts are provided for various currency pairs including USD/INR, EUR/INR, and GBP/INR.
The rupee opened higher against the dollar but failed to maintain gains, closing up just 10 paise. The central bank of China appeared to buy dollars, pushing the yuan to its weakest level in over a month. Most commodity prices on the futures market declined over the past day. Analysts recommend buying the USD/INR pair on dips with targets above 54.73 and stop loss below 54.55.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The document provides a daily forex report with the following key points:
1) Rupee forward premiums continue to trade near 14-year lows as the local money market remains tight with plenty of dollar supply.
2) Trading tips recommend buying USD/INR above 54.34 with targets of 54.49/54.64 and stop loss at 54.19.
3) The daily market statistics table provides closing prices and changes for various currency pairs and commodities.
The rupee opened lower against the dollar but recovered losses on fresh selling of dollars by banks and exporters taking advantage of foreign capital inflows into the stock market. It was quoted higher by 5 paise at 54.42 against the dollar in late morning trade. The daily forex report provides the daily exchange rates and trading tips recommending selling of USD/INR below 54.28 and EUR/INR below 71.90. Upcoming economic data and events that could impact currency prices are also listed.
The daily forex report provides the following information:
1) The rupee opened weaker against the dollar due to losses in the euro overnight and dollar demand from oil firms. Asian currencies were mostly stronger versus the dollar.
2) The rupee recovered slightly against the dollar but was still down 16 paise due to fresh dollar demand from banks and importers.
3) The report provides closing prices and changes for various currency pairs including USDINR, EURINR, GBPINR and JPYINR. Charts and analysis are given for the USDINR and EURINR pairs. Upcoming economic data releases are also listed.
DAILY FOREX REPORT BY EPIC RESEARCH- 4 DECEMBER 2012Epic Research
- The Indian rupee dropped 21 paise against the US dollar to trade at 54.47, due to renewed demand for dollars from banks and exporters as the dollar strengthened overseas.
- The RBI reference rate for the USD/INR was 54.5610 as of December 3rd.
- Trading tips recommended buying USD/INR above 54.95 for targets of 55.15-55.35 with a stop loss of 54.75.
DAILY FOREX REPORT BY EPIC RESEARCH- 1 JANUARY 2013Epic Research
The rupee appreciated against the dollar due to dollar selling by custodian banks. The USD/INR pair was wedged in a narrow range between 54.75-54.81 as dollar demand from oil refiners was offset by dollar sales from exporters. Traders awaited developments regarding the US fiscal cliff and India's September quarter current account deficit data for near-term currency direction.
The daily forex report provides the following information:
- The rupee trimmed initial gains but was still up 15 paise against the dollar amid foreign capital inflows in the stock market.
- Trading tips recommend buying USD/INR above 54.62 for targets of 54.77-54.92.
- Key data and charts are provided tracking the performance of USD/INR, EUR/INR, and other currency pairs against the rupee.
The rupee gained against the dollar in early trading, rising five paise to 53.11 per dollar due to banks selling dollars amid ongoing foreign capital inflows. Traders recommended buying USD/INR above 53.50 with targets of 53.65-53.80 and selling below 53.38 with targets of 53.26-53.14. The daily forex report also provided the latest exchange rates for other currency pairs such as EUR/INR and GBP/INR, as well as analysis and trading tips.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The rupee traded higher against the dollar supported by positive local stocks, though oil prices limited gains. Dealers are watching negotiations over the US fiscal cliff. The current account deficit is expected to hit a record high. The rupee inched up 3 paise to 54.91 amid mild dollar selling from banks despite its higher value overseas. Traders are adopting a bearish outlook on USD/INR and a sell on rise strategy.
- The Indian rupee extended gains against the US dollar to 54.95/96 due to dollar inflows from custodian banks and gains in domestic stock markets. Traders do not expect further downside for the rupee-dollar pair.
- The rupee recovered by 12 paise to 55.04 against the US dollar in late morning trade due to fresh selling of the American currency by banks and persistent capital inflows into the equity market.
- Key data points in the report include the RBI reference exchange rates, daily market statistics for various commodities and currency pairs, and an analysis of USD/INR and EUR/INR charts indicating a consolidated trend.
DAILY FOREX REPORT BY EPIC RESEARCH- 20 DECEMBER 2012Epic Research
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The rupee trimmed initial gains against the dollar but was still up 9 paise in morning trade amid mild dollar selling by banks and exporters ahead of an RBI policy meeting. The currency opened higher at 54.70 but later trimmed to 54.76 due to renewed dollar demand from banks as the dollar strengthened overseas. Trading was rangebound between 54.70-54.81. The report also provides various currency pairs and commodity prices, and an analysis of USD/INR suggesting a consolidated sideways trend.
The rupee fell to a one-week low against the euro and US dollar due to weakness in the euro as traders awaited Spain's request for a bailout and monitored developments in Greece. Foreign banks expect the USD/INR pair to remain strong due to month-end dollar demand. The RBI's upcoming rate decision may provide cues on the rupee's direction, with any rate cut likely strengthening the rupee. Analysts believe rates are unlikely to be cut. Forex markets will watch upcoming economic data from Europe and the US.
The daily forex report provides the following information:
- The rupee recovered against the dollar after initial losses, ending higher by 7 paise.
- Trading tips recommend buying EUR/INR above 71.53 for targets of 71.68-71.83 and selling USD/INR below 54.28 for targets of 54.13-54.98.
- Market statistics and charts are provided for various currency pairs including USD/INR, EUR/INR, and GBP/INR.
The rupee opened higher against the dollar but failed to maintain gains, closing up just 10 paise. The central bank of China appeared to buy dollars, pushing the yuan to its weakest level in over a month. Most commodity prices on the futures market declined over the past day. Analysts recommend buying the USD/INR pair on dips with targets above 54.73 and stop loss below 54.55.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The document provides a daily forex report with the following key points:
1) Rupee forward premiums continue to trade near 14-year lows as the local money market remains tight with plenty of dollar supply.
2) Trading tips recommend buying USD/INR above 54.34 with targets of 54.49/54.64 and stop loss at 54.19.
3) The daily market statistics table provides closing prices and changes for various currency pairs and commodities.
The rupee opened lower against the dollar but recovered losses on fresh selling of dollars by banks and exporters taking advantage of foreign capital inflows into the stock market. It was quoted higher by 5 paise at 54.42 against the dollar in late morning trade. The daily forex report provides the daily exchange rates and trading tips recommending selling of USD/INR below 54.28 and EUR/INR below 71.90. Upcoming economic data and events that could impact currency prices are also listed.
The daily forex report provides the following information:
1) The rupee opened weaker against the dollar due to losses in the euro overnight and dollar demand from oil firms. Asian currencies were mostly stronger versus the dollar.
2) The rupee recovered slightly against the dollar but was still down 16 paise due to fresh dollar demand from banks and importers.
3) The report provides closing prices and changes for various currency pairs including USDINR, EURINR, GBPINR and JPYINR. Charts and analysis are given for the USDINR and EURINR pairs. Upcoming economic data releases are also listed.
DAILY FOREX REPORT BY EPIC RESEARCH- 4 DECEMBER 2012Epic Research
- The Indian rupee dropped 21 paise against the US dollar to trade at 54.47, due to renewed demand for dollars from banks and exporters as the dollar strengthened overseas.
- The RBI reference rate for the USD/INR was 54.5610 as of December 3rd.
- Trading tips recommended buying USD/INR above 54.95 for targets of 55.15-55.35 with a stop loss of 54.75.
DAILY FOREX REPORT BY EPIC RESEARCH- 1 JANUARY 2013Epic Research
The rupee appreciated against the dollar due to dollar selling by custodian banks. The USD/INR pair was wedged in a narrow range between 54.75-54.81 as dollar demand from oil refiners was offset by dollar sales from exporters. Traders awaited developments regarding the US fiscal cliff and India's September quarter current account deficit data for near-term currency direction.
The daily forex report provides the following information:
- The rupee trimmed initial gains but was still up 15 paise against the dollar amid foreign capital inflows in the stock market.
- Trading tips recommend buying USD/INR above 54.62 for targets of 54.77-54.92.
- Key data and charts are provided tracking the performance of USD/INR, EUR/INR, and other currency pairs against the rupee.
The rupee gained against the dollar in early trading, rising five paise to 53.11 per dollar due to banks selling dollars amid ongoing foreign capital inflows. Traders recommended buying USD/INR above 53.50 with targets of 53.65-53.80 and selling below 53.38 with targets of 53.26-53.14. The daily forex report also provided the latest exchange rates for other currency pairs such as EUR/INR and GBP/INR, as well as analysis and trading tips.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The rupee traded higher against the dollar supported by positive local stocks, though oil prices limited gains. Dealers are watching negotiations over the US fiscal cliff. The current account deficit is expected to hit a record high. The rupee inched up 3 paise to 54.91 amid mild dollar selling from banks despite its higher value overseas. Traders are adopting a bearish outlook on USD/INR and a sell on rise strategy.
- The Indian rupee extended gains against the US dollar to 54.95/96 due to dollar inflows from custodian banks and gains in domestic stock markets. Traders do not expect further downside for the rupee-dollar pair.
- The rupee recovered by 12 paise to 55.04 against the US dollar in late morning trade due to fresh selling of the American currency by banks and persistent capital inflows into the equity market.
- Key data points in the report include the RBI reference exchange rates, daily market statistics for various commodities and currency pairs, and an analysis of USD/INR and EUR/INR charts indicating a consolidated trend.
DAILY FOREX REPORT BY EPIC RESEARCH- 20 DECEMBER 2012Epic Research
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The rupee trimmed initial gains against the dollar but was still up 9 paise in morning trade amid mild dollar selling by banks and exporters ahead of an RBI policy meeting. The currency opened higher at 54.70 but later trimmed to 54.76 due to renewed dollar demand from banks as the dollar strengthened overseas. Trading was rangebound between 54.70-54.81. The report also provides various currency pairs and commodity prices, and an analysis of USD/INR suggesting a consolidated sideways trend.
The rupee fell to a one-week low against the euro and US dollar due to weakness in the euro as traders awaited Spain's request for a bailout and monitored developments in Greece. Foreign banks expect the USD/INR pair to remain strong due to month-end dollar demand. The RBI's upcoming rate decision may provide cues on the rupee's direction, with any rate cut likely strengthening the rupee. Analysts believe rates are unlikely to be cut. Forex markets will watch upcoming economic data from Europe and the US.
The rupee fell to a one-week low against the euro and US dollar due to weakness in the euro as traders awaited Spain's request for a bailout and monitored developments in Greece. Foreign banks expect the USD/INR pair to remain strong due to month-end dollar demand. The RBI's upcoming rate decision may provide cues on the rupee's direction, with any rate cut likely strengthening the rupee. Analysts believe rates are unlikely to be cut. The report provides the daily forex rates and charts for various currency pairs and analyzes market trends.
The daily forex report provides analysis and trading tips on currency pairs. It summarizes the previous day's market activity and headlines affecting currencies. It provides trading strategies, such as selling EUR/INR below a certain rate and buying above another rate. Upcoming economic data releases from various countries are also listed, along with their estimated and previous values, which may impact currency movements. Charts of USD/INR and EUR/INR are included to illustrate recent trends.
The daily forex report provides the following:
1) The rupee traded at 54.78/79 after initially rising to 54.6150 as oil firms purchased dollars, offsetting earlier gains from regional risk assets.
2) Trading tips to sell EUR/INR and targets and stop losses for each trade.
3) Market statistics including prices and changes for various commodities and currency pairs.
The rupee edges down slightly to 54.36/37 against the US dollar as oil companies purchase dollars. Euro rises against the dollar after positive Chinese manufacturing data. The RBI signs a $15 billion currency swap agreement with the Bank of Japan to exchange local currencies against the US dollar. Most domestic commodity markets trade largely flat with some experiencing declines of 1-2%. USD/INR and EUR/INR markets look sideways with a consolidated trend, strategy is to buy on dips.
The daily forex report provides the following information:
1) The rupee opened weaker against the dollar due to losses in the euro overnight and dollar demand from oil firms. Asian currencies were mostly stronger versus the dollar.
2) The rupee recovered slightly against the dollar but was still down 16 paise due to fresh dollar demand from banks and importers.
3) The report provides closing prices and changes for various currency pairs including USDINR, EURINR, GBPINR and JPYINR. Charts and analysis are given for the USDINR and EURINR pairs. Upcoming economic data releases are also listed.
The daily forex report provides the following information:
- The rupee hit a 1-month low against the dollar and local stocks fell as global risk aversion increased.
- Traders are advised to sell EUR/INR below certain levels and targets were achieved.
- Market statistics on various commodities are provided showing opening, high, low, close and change.
- Charts of USD/INR and EUR/INR are shown along with analysis of trends and strategies.
- Upcoming economic data releases from various countries are listed.
The daily forex report provides the following:
- The rupee rose marginally and bonds and stocks were unchanged after GDP growth came in line with estimates.
- Trading tips recommend selling EUR/INR and USD/INR.
- Market statistics and charts show recent performance of various currencies and commodities.
- Analysis indicates bearish trends for USD/INR and EUR/INR and recommends selling on rises.
- Upcoming economic data from countries like Australia, Japan, UK, and US is provided.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The rupee fell against the dollar due to increased demand from oil importers and weakness in global shares. It dropped 12 paise to 54.67 in early trading due to oil demand and a weaker opening in the equity market. The daily forex report provides analysis of currency movements and trading recommendations, noting the USD/INR pair looks upward trending and advising to buy on dips. Key data points and charts of currency pairs against the dollar are also included.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Similar to DAILY FOREX REPORT BY EPIC RESEARCH-02 NOVEMBER 2012 (20)
2. HEADLINES
Rupee recovers from initial losses against US
dollar
The rupee recovered from early losses and was trading
at 53.79 a dollar on fresh selling of the American
currency by banks on hopes of more capital inflows
from foreign funds into equity market. The rupee
resumed lower at 53.85 per dollar as against the last
closing level of 53.80 at the Interbank Foreign
Exchange (Forex) market and dropped further to
53.90.
TRADING TIPS
SELL USD/INR
BELOW 53.98 RBI REFERENCE RATE
FOR TGT As on 1TH November 2012
53.78/53.58
SL 54.18 UNDERLYING RATE
USDINR 53.7798
PAST
EURINR 69.7105
PERFORMANCE
GBPINR 86.7683
• SELL EUR/INR
JPYINR 67.2500
BELOW 70.27
FOR TGT 70.12
SL 70.42
Target Achieved
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:45pm EUR Spanish Manufacturing 44.5
PMI
2:15pm EUR Italian Manufacturing PMI 45.9 45.7
6:00pm USD Non-Farm Employment 123K 114K
Change
6:00pm USD Unemployment Rate 7.9% 7.8%
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