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 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 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.
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 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 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 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.
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 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 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 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 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:
- 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.
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 appreciated against the dollar in early trading due to increased foreign fund flows and gains in the local stock market.
- Trading tips are given to sell the EUR/INR below 72.50 and buy USD/INR above 54.34.
- Market statistics and charts are provided showing the daily movement of various currency pairs including USD/INR, EUR/INR, and GBP/INR. Upcoming economic data releases from the US and Europe are also listed.
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 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.
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 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 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.
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.
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.
- 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.
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 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 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 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:
- 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.
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 appreciated against the dollar in early trading due to increased foreign fund flows and gains in the local stock market.
- Trading tips are given to sell the EUR/INR below 72.50 and buy USD/INR above 54.34.
- Market statistics and charts are provided showing the daily movement of various currency pairs including USD/INR, EUR/INR, and GBP/INR. Upcoming economic data releases from the US and Europe are also listed.
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 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.
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 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 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.
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.
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.
- 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.
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.
DAILY FOREX REPORT BY EPIC RESEARCH- 21 DECEMBER 2012 Epic Research
The rupee extended losses against the dollar to 54.84/85 due to increased dollar demand from oil importers and weak domestic stock prices. Asian stock markets retreated from recent highs and commodities fell as negotiations to avoid a US fiscal crisis became more heated. The rupee opened lower against the dollar, trading at 54.67 due to oil demand and weakness in the euro and yen. Most commodity prices fell over 1% from the previous close. The daily forex report provided analysis on currency pairs and recommended buying on dips.
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 daily forex report provides the following information:
- The rupee appreciated against the dollar in early trading due to increased foreign fund flows and gains in the local stock market.
- Trading tips are given to sell the EUR/INR below 72.50 and buy USD/INR above 54.34.
- Market statistics and charts are provided showing the daily movement of various currency pairs including USD/INR, EUR/INR, and GBP/INR. Upcoming economic data releases from the US and Europe are also listed.
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:
- 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.
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 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.
2. HEADLINES
Rupee loses at open; oil demand watched
The rupee loses to 52.99-53.00 versus its previous
close of 52.87-52.88 in early trade tracking overnight
losses in the euro compared to levels seen during end
of domestic trade on Wednesday. Slight dip in the
euro levels from late in the domestic session on
Wednesday hurts sentiment for the local unit.
However, most other Asian units were stronger
compared to the dollar, and that is seen limiting sharp
gains in the USD/INR.Traders expect good dollar
demand from oil firms to continue to pressure the pair
TRADING TIPS higher. 52.80 to 53.30 is expected to be the band for
the day. Domestic share market performance would
BUY EUR/INR be another key element which is expected to provide
ABOVE 69.83 direction to the pair.
For targets of
Rupee recovers marginally against USD; still
69.98/70.13
down 16 paise
Stop loss 69.68
The rupee recovered some of its initial losses against
PAST the American currency but was still down by 16 paise
at 53.03 on fresh dollar demand from banks and
PERFORMANCE
importers despite its weakness in global market.
BUY EUR/INR
ABOVE 69.47 RBI REFERENCE RATE
For targets of As on 18 Th October 2012
69.62/69.77
Stop loss 69.32 UNDERLYING RATE
Target Achieved USDINR 52.9690
EURINR 69.4560
GBPINR 85.4549
JPYINR 66.9400
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:00pm GBP Public Sector Net -11.9B 12.4B
Borrowing
7:30pm USD Retail Sales m/m 4.73M 4.82M
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