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 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 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.
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:
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 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 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.
- 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 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 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 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.
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:
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 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 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.
- 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 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.
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 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 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 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 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 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.
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.
The rupee is expected to weaken further against the dollar in the coming months, possibly reaching 50 rupees to the dollar. Foreign exchange reserves declined by $500 million last week. The euro fell against the dollar on Friday following the release of Spain's draft budget. Both the USD/INR and EUR/INR currency pairs are showing bearish trends according to technical analysis. Key economic data and central bank meetings from the US and Europe are expected in the coming week.
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.
DAILY COMMODITY REPORT BY EPIC RESEARCH- 15 OCTOBER 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.
Daily commodity-report BY epic research 24 Aug 2012Epic Research
Gold and silver futures prices rose on the commodity exchange as prices hit record highs. Gold futures rose 1.26% to a new peak of Rs 30,699 per 10 grams. Silver futures climbed over 2% to Rs 58,350 per kg on positive global cues. The daily report provides an analysis of key commodity price movements and trading strategies. Key recommendations include buying silver above Rs 56,850 and selling gold below Rs 30,280. Charts of gold and silver price movements are also included.
DAILY AGRI REPORT BY EPIC RESEARCH- 27 OCTOBER 2012Epic Research
Chana prices rose due to festive buying demand and thin supplies. However, prospects of higher sowing and shipments from other regions are expected to increase supplies and limit price rises. Jeera prices fell over 1% due to increased supplies in the spot market and weak overseas demand, despite speculators trimming positions. The report provides opening, high, low, closing prices and changes for various agricultural commodities, along with daily charts and analysis for soybean and chana markets. It recommends buying chana and soybean on dips based on the analysis.
SPECIAL REPORT BY EPIC RESEARCH-20 SEPTEMBER 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.
DAILY FOREX REPORT BY EPIC RESEARCH- 30 NOVEMBER 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.
Daily agri-report by epic research 25 Aug 2012Epic Research
- Pepper futures fell on Friday due to a decline in overseas sales, though low domestic supplies supported prices. Indian pepper is sold at a $800-$1200 premium globally.
- Mentha oil prices rose 2% due to increased industrial demand. Traders purchased contracts based on the rise in demand.
- The daily agri report provided the opening, high, low, closing and change in prices for various commodities, along with charts and analysis on soybean and chana trends and trading strategies.
The rupee strengthened against the dollar, rising 24 paise. Euro held steady near a two-week high against the dollar on support from the ECB. Traders are advised to buy USD/INR above 52.17 and sell below 51.90. Most commodity prices declined except for wheat, which rose 2.89%. German industrial production is forecast to contract 0.4% in the coming data release.
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.
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 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 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 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 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 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.
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.
The rupee is expected to weaken further against the dollar in the coming months, possibly reaching 50 rupees to the dollar. Foreign exchange reserves declined by $500 million last week. The euro fell against the dollar on Friday following the release of Spain's draft budget. Both the USD/INR and EUR/INR currency pairs are showing bearish trends according to technical analysis. Key economic data and central bank meetings from the US and Europe are expected in the coming week.
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.
DAILY COMMODITY REPORT BY EPIC RESEARCH- 15 OCTOBER 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.
Daily commodity-report BY epic research 24 Aug 2012Epic Research
Gold and silver futures prices rose on the commodity exchange as prices hit record highs. Gold futures rose 1.26% to a new peak of Rs 30,699 per 10 grams. Silver futures climbed over 2% to Rs 58,350 per kg on positive global cues. The daily report provides an analysis of key commodity price movements and trading strategies. Key recommendations include buying silver above Rs 56,850 and selling gold below Rs 30,280. Charts of gold and silver price movements are also included.
DAILY AGRI REPORT BY EPIC RESEARCH- 27 OCTOBER 2012Epic Research
Chana prices rose due to festive buying demand and thin supplies. However, prospects of higher sowing and shipments from other regions are expected to increase supplies and limit price rises. Jeera prices fell over 1% due to increased supplies in the spot market and weak overseas demand, despite speculators trimming positions. The report provides opening, high, low, closing prices and changes for various agricultural commodities, along with daily charts and analysis for soybean and chana markets. It recommends buying chana and soybean on dips based on the analysis.
SPECIAL REPORT BY EPIC RESEARCH-20 SEPTEMBER 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.
DAILY FOREX REPORT BY EPIC RESEARCH- 30 NOVEMBER 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.
Daily agri-report by epic research 25 Aug 2012Epic Research
- Pepper futures fell on Friday due to a decline in overseas sales, though low domestic supplies supported prices. Indian pepper is sold at a $800-$1200 premium globally.
- Mentha oil prices rose 2% due to increased industrial demand. Traders purchased contracts based on the rise in demand.
- The daily agri report provided the opening, high, low, closing and change in prices for various commodities, along with charts and analysis on soybean and chana trends and trading strategies.
The rupee strengthened against the dollar, rising 24 paise. Euro held steady near a two-week high against the dollar on support from the ECB. Traders are advised to buy USD/INR above 52.17 and sell below 51.90. Most commodity prices declined except for wheat, which rose 2.89%. German industrial production is forecast to contract 0.4% in the coming data release.
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 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, 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 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- 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.
Sterling was firm against the dollar and euro as the Fed eased monetary policy, driving investors to sell the dollar. The rupee trimmed gains after the RBI kept interest rates unchanged, dashing positive impact from reforms. Traders are advised to buy USD/INR above 54.13 and EUR/INR above 71.40. German ZEW economic sentiment data is due out later in the day.
The weekly forex report provides the following information:
1) India's forex reserves decreased by $471.3 million last week due to declines in gold reserves and other currency assets.
2) The rupee fell against the dollar on Friday due to euro weakness but may gain next week if more financial reforms pass parliament.
3) Market statistics and analysis are provided for various currency pairs including USD/INR expected to trade sideways in a consolidated trend.
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.
DAILY FOREX REPORT BY EPIC RESEARCH- 21 NOVEMBER 2012Epic Research
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 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 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.
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 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.
Weekly forex-report by epic research 15 april 2013Surbhi Jain
The weekly forex report provides the following key information:
1) The rupee ended flat against the dollar as lower retail inflation raised hopes for an interest rate cut by the RBI, while a weak outlook from Infosys weighed on stocks.
2) Foreign exchange reserves rose by $1.2 billion due to an increase in core currency assets.
3) Charts and analysis indicate that USD/INR and EUR/INR are in bullish trends, suggesting buying on dips.
2. HEADLINES
Rupee falls as RBI leaves repo rate
unchanged
The rupee fell 8 paise to 54.16 against the US dollar
after the Reserve Bank of India left repo rate
unchanged in its half-yearly monetary policy. Rupee
appreciated 26 paise in early trade to 53.86 after
opening at 54.10 it fell to 54.16, traders said."Market
was expecting a rate cut which did not happen," said a
senior executive of a large public sector bank. "Falling
rupee is a knee jerk reaction but rupee will remain
TRADING TIPS
weak at this level given RBI's concern about inflation
BUY USD/INR and growth."Today RBI left interest rates unchanged
ABOVE 54.30 in its policy review today but cut the cash reserve ratio
for banks by 25 basis points to 4.25%. The reduction
FOR TGT
in the CRR is expected to release Rs 17,500 crore into
54.50/54.70
the banking system.RBI has revised the projection of
SL 54.10
GDP growth downward to 5.8% for 2012-13 and
headline inflation has been raised to 7.5% from 7% as
PAST indicated in July.
PERFORMANCE
BUY EUR/INR RBI REFERENCE RATE
ABOVE 69.53 As on 30TH October 2012
FOR TGT
69.73/69.93 UNDERLYING RATE
SL 69.33 USDINR 54.1650
Target Achieved EURINR 69.8495
GBPINR 86.8319
JPYINR 68.2200
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:30pm EUR Italian Monthly 10.8% 10.7%
Unemployment Rate
All Day EUR Eurogroup Meetings 0.5%
7:15pm USD Chicago PMI 51.0 49.7
8:00pm USD Crude Oil Inventories 1.6M 5.9M
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