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:
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 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 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 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.
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 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 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 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:
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 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 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 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.
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 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 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 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 appreciated slightly against the dollar due to capital inflows and dollar weakness overseas.
- Trading tips are given to sell EUR/INR and USD/INR based on technical analysis.
- Market statistics and charts are presented for various currency pairs including daily movements and analysis.
- Upcoming economic data releases from major countries are listed that could impact forex markets.
The daily forex report provides the following information:
- The rupee appreciated slightly against the dollar due to capital inflows and dollar weakness overseas.
- Trading tips are given to sell EUR/INR and USD/INR based on technical analysis.
- Market statistics and charts are presented for various currency pairs including USD/INR, EUR/INR, and forthcoming economic data releases are 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 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.
- 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 daily forex report provides analysis of currency movements and trading recommendations. Key points include:
- The US dollar pulled back from recent highs as the yen was supported by Japan approving new leadership at the central bank.
- Trading tips recommend selling USD/INR below 54.19 and EUR/INR below 70.87.
- Charts and analysis indicate bearish trends for USD/INR and EUR/INR, recommending selling on rises in these currency pairs.
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.
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.
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 daily forex report provides the following information:
- The rupee extended gains against the dollar on optimism about the upcoming Indian budget and shares gains.
- Traders are providing tips to buy the EUR/INR above 71.53 and sell the USD/INR below 54.28.
- Market statistics on various commodities are provided along with charts analyzing the daily trends in USD/INR and EUR/INR currency pairs. Upcoming economic data releases from major countries are also listed.
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.
The Reserve Bank of India left interest rates unchanged, which caused the rupee to fall against the US dollar. RBI revised GDP growth projections downward and inflation projections upward. The report provides the daily exchange rates of various currency pairs and recommends buying the USD/INR pair above 54.30 with targets of 54.50-54.70. It also includes trading tips, past performance, daily market statistics and charts for the USD/INR and EUR/INR currency pairs.
The Indian rupee trimmed initial gains against the US dollar but was still up by 15 paise. Weakness in the dollar and foreign capital inflows supported the rupee. The forex report provides the daily reference exchange rates and a technical analysis of USD/INR and EUR/INR currency pairs. Key economic data from major countries is also listed, along with trading tips and performance of various commodities in the domestic market.
The document provides a daily forex report for February 20th, 2013. It includes the following key points:
- Indian rupee forward premiums remain near 14-year lows as the local money market remains tight. Dealers recommend buying USD/INR on dips.
- Trading tips recommend buying USD/INR above 54.34 and 54.35 with targets of 54.49-54.64 and 54.50-54.65 respectively.
- Market statistics and charts are provided for various currency pairs including USD/INR, EUR/INR and JPY/INR. Analysis indicates bullish trends for most major currency pairs.
The daily chartist view provides the following recommendations:
- Sell Power Grid futures below 114.45, with targets of 113.20 and 111.95 and a stop loss of 115.60.
- Sell Auro Pharma futures below 159, with targets of 157 and 155 and a stop loss of 161.
- It provides analysis of past calls, including profits made on Bata India, Havells, R Power, and Dr. Reddy's, and analysis of technical patterns for Power Grid and Auro Pharma.
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.
SPECIAL DAILY CHARTIST VIEW REPORT BY EPIC RESEARCH- 07-JAN-2013Epic Research Limited
The document provides a daily market highlights report. It summarizes that the Nifty index showed high volatility on Friday but ended higher. It provides analysis of two stock futures, recommending selling Bharti Airtel futures below 328.45 and Tata Chemicals futures below 365, with target prices provided. The report also lists the performance of past trading recommendations and includes disclaimer information.
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.
Jeera prices improved due to increasing export and festival demand. Stockists purchased jeera in anticipation of markets closing for Diwali. Meanwhile, demand from Bangladesh continued. The jeera futures contract gained as speculators created new positions driven by rising spot demand. The weekly agri report provided analysis and price movements for various commodities, including soybean, chana, chilli, and turmeric. Charts were also included to illustrate trends and strategies for soybean and chana futures.
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 weakened against the dollar due to heavy dollar demand from oil importers and cautious sentiment ahead of the upcoming RBI policy meeting.
- Trading tips recommend buying USD/INR above 54.00 and 53.70 target levels.
- Market statistics and charts show currency pairs like USD/INR and EUR/INR trading sideways.
The daily forex report provides the following information:
- The rupee appreciated slightly against the dollar due to capital inflows and dollar weakness overseas.
- Trading tips are given to sell EUR/INR and USD/INR based on technical analysis.
- Market statistics and charts are presented for various currency pairs including daily movements and analysis.
- Upcoming economic data releases from major countries are listed that could impact forex markets.
The daily forex report provides the following information:
- The rupee appreciated slightly against the dollar due to capital inflows and dollar weakness overseas.
- Trading tips are given to sell EUR/INR and USD/INR based on technical analysis.
- Market statistics and charts are presented for various currency pairs including USD/INR, EUR/INR, and forthcoming economic data releases are 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 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.
- 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 daily forex report provides analysis of currency movements and trading recommendations. Key points include:
- The US dollar pulled back from recent highs as the yen was supported by Japan approving new leadership at the central bank.
- Trading tips recommend selling USD/INR below 54.19 and EUR/INR below 70.87.
- Charts and analysis indicate bearish trends for USD/INR and EUR/INR, recommending selling on rises in these currency pairs.
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.
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.
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 daily forex report provides the following information:
- The rupee extended gains against the dollar on optimism about the upcoming Indian budget and shares gains.
- Traders are providing tips to buy the EUR/INR above 71.53 and sell the USD/INR below 54.28.
- Market statistics on various commodities are provided along with charts analyzing the daily trends in USD/INR and EUR/INR currency pairs. Upcoming economic data releases from major countries are also listed.
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.
The Reserve Bank of India left interest rates unchanged, which caused the rupee to fall against the US dollar. RBI revised GDP growth projections downward and inflation projections upward. The report provides the daily exchange rates of various currency pairs and recommends buying the USD/INR pair above 54.30 with targets of 54.50-54.70. It also includes trading tips, past performance, daily market statistics and charts for the USD/INR and EUR/INR currency pairs.
The Indian rupee trimmed initial gains against the US dollar but was still up by 15 paise. Weakness in the dollar and foreign capital inflows supported the rupee. The forex report provides the daily reference exchange rates and a technical analysis of USD/INR and EUR/INR currency pairs. Key economic data from major countries is also listed, along with trading tips and performance of various commodities in the domestic market.
The document provides a daily forex report for February 20th, 2013. It includes the following key points:
- Indian rupee forward premiums remain near 14-year lows as the local money market remains tight. Dealers recommend buying USD/INR on dips.
- Trading tips recommend buying USD/INR above 54.34 and 54.35 with targets of 54.49-54.64 and 54.50-54.65 respectively.
- Market statistics and charts are provided for various currency pairs including USD/INR, EUR/INR and JPY/INR. Analysis indicates bullish trends for most major currency pairs.
The daily chartist view provides the following recommendations:
- Sell Power Grid futures below 114.45, with targets of 113.20 and 111.95 and a stop loss of 115.60.
- Sell Auro Pharma futures below 159, with targets of 157 and 155 and a stop loss of 161.
- It provides analysis of past calls, including profits made on Bata India, Havells, R Power, and Dr. Reddy's, and analysis of technical patterns for Power Grid and Auro Pharma.
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.
SPECIAL DAILY CHARTIST VIEW REPORT BY EPIC RESEARCH- 07-JAN-2013Epic Research Limited
The document provides a daily market highlights report. It summarizes that the Nifty index showed high volatility on Friday but ended higher. It provides analysis of two stock futures, recommending selling Bharti Airtel futures below 328.45 and Tata Chemicals futures below 365, with target prices provided. The report also lists the performance of past trading recommendations and includes disclaimer information.
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.
Jeera prices improved due to increasing export and festival demand. Stockists purchased jeera in anticipation of markets closing for Diwali. Meanwhile, demand from Bangladesh continued. The jeera futures contract gained as speculators created new positions driven by rising spot demand. The weekly agri report provided analysis and price movements for various commodities, including soybean, chana, chilli, and turmeric. Charts were also included to illustrate trends and strategies for soybean and chana futures.
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 weakened against the dollar due to heavy dollar demand from oil importers and cautious sentiment ahead of the upcoming RBI policy meeting.
- Trading tips recommend buying USD/INR above 54.00 and 53.70 target levels.
- Market statistics and charts show currency pairs like USD/INR and EUR/INR trading sideways.
The daily forex report provides the following information:
- The rupee weakened against the dollar due to heavy dollar demand from oil importers and weak regional sentiment. Asian currencies also declined against the dollar.
- The RBI is expected to cut interest rates by 25 basis points at its policy review on Tuesday in an attempt to stimulate the economy.
- Trading tips recommend buying USD/INR above 54.00 with targets of 54.15-54.30 and stop loss of 53.80.
The rupee rose for the third consecutive session against the US dollar, gaining six paise to close at 53.65. Exporters and banks continued selling the US currency due to fund inflows. The equity market opening higher and the euro strengthening against the dollar overseas also supported the rupee. Forex dealers expect the rupee to remain supported due to sustained selling pressure on the dollar from exporters. The report provides the daily reference exchange rates and recent trading tips, with technical analysis showing the USD/INR pair remains in a bearish trend.
The rupee weakened by 33 paise against the dollar in early trade due to increased demand from importers and a weak opening in the stock market. Asian stock markets fell following concerns from U.S. Federal Reserve officials about continuing bond purchases. Traders will watch domestic stock market movements for cues on foreign fund flows. The daily forex report provides analysis of currency pairs and recommends strategies, such as buying EUR/INR above 71.97 for targets of 72.12 to 72.27.
The rupee weakened by 33 paise against the US dollar in early trade due to increased demand for the dollar from importers and a weak opening in the domestic stock market. Asian stock markets fell following weakness in global equities after concerns from US Federal Reserve officials about continuing bond purchases. Traders will watch domestic stock market movements for cues on foreign fund flows. The report provides the daily forex rates and charts for USD/INR and EUR/INR, with analysis suggesting the trends are bullish and advising traders to buy on dips.
The rupee traded higher against the dollar supported by gains in local stocks, though oil prices limited the gains. Dealers were watching negotiations over the "fiscal cliff" in the US. The current account deficit for July-September was expected to hit a record high. The rupee gained 3 paise against the dollar in late morning trade despite the dollar's higher value overseas. Traders were awaiting key economic data from India and other countries.
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.
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, Currency Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack NCDEX Tips and Free Stock 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 Indian rupee recovered against the dollar after inflation eased more than expected in November, raising hopes the central bank will cut interest rates starting in January.
- Wholesale inflation was 7.24% in November, lower than the 7.6% estimate, improving the outlook for interest rates. Some expect an interest rate cut or cash reserve ratio cut from the central bank.
- The government is pushing reforms to speed up infrastructure projects and investment in fertilizers.
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 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.
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.
- The rupee fell to an over 1-month low against the dollar due to losses in local stocks and weakness in the euro following doubts over future US monetary stimulus.
- The rupee initially gained but then slipped 13 paise against the dollar to 55.03 as demand grew for the US currency from banks and oil importers amid firm global cues.
- The daily forex report provides the previous day's currency rates and movements, trading tips and strategies for USD/INR and EUR/INR, and upcoming economic data releases.
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-31 OCTOBER 2012 (20)
2. HEADLINES
Rupee at 1-week low on euro weakness
The rupee falls to 53.815-53.825 after earlier hitting as
a session low of 53.88, the lowest since October 22.
The pair closed at 53.56-53.57 on Thursday. Weaker
euro spurring gains in the US dollar as traders await
Spain's request for a bailout and keep a wary eye on
Greece after the country's opposition leader said his
party would vote against an austerity package
expected to go before parliament this week. Foreign
bank dealer says USD/INR may remain well bid on
TRADING TIPS
the back of month-end dollar demand. Pair will take
BUY EUR/INR further cues from RBI's rate decision on Tuesday, with
ABOVE 69.53 any rate cut likely to feed rupee gains by improving
confidence in the economic outlook and potentially
FOR TGT
sparking foreign flows into stocks. However, The two
69.73/69.93
unnamed finance ministry officials the central bank
SL 69.33
was unlikely to cut key policy rates.
PAST RBI REFERENCE RATE
PERFORMANCE As on 29TH October 2012
SELL EUR/INR
BELOW 69.76 UNDERLYING RATE
FOR TGT USDINR 53.8065
69.56 SL 69.96
Target Achieved EURINR 69.4965
GBPINR 86.5209
JPYINR 67.5100
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:30pm EUR ECB President Draghi 5.24|1.3
Speaks
Tentative EUR Italian 10-y Bond Auction 0.5%
6:30pm USD S&P/CS Composite-20 1.9% 1.2%
HPI y/y
7:30pm USD CB Consumer Confidence 72.4 70.3
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