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.
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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
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.
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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- 30 NOVEMBER 2012Epic Research
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Similar to Daily forex-report by epic research 29 jan 2013 (16)
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Weekly commodity-report by epic reseach 2 september 2013Epic Daily Report
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 MCX Tips, Stock Tips, Forex Tips , NCDEX Tips, Share Tips, commodity tips free trial,Option tips
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides MCX Tips, Stock Tips, Forex Tips , NCDEX Tips, Share Tips, commodity tips free trial,Option tips
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides MCX Tips, Stock Tips, Forex Tips , NCDEX Tips, Share Tips, commodity tips free trial,Option tips
1. S
DAILY FOREX REPORT
29TH JANUARY 2013
WWW.EPICRESEARCH.CO +919752199966
2. HEADLINES
Rupee posts biggest fall in 3 weeks a day ahead
of policy
Rupee weakened on Monday, posting its biggest single-
day fall in three weeks, on the back of heavy dollar buying
by oil firms and other importers looking to meet month-
end demand, while weak regional sentiment added to the
downside. Almost all Asian currencies weakened against
the dollar while global equities saw some consolidation
after recent gains as investors awaited confirmation that
the financial market conditions and the outlook for the
euro area have improved. Some caution also prevailed
ahead of the Reserve Bank of India policy review on
TRADING TIPS Tuesday, when the central bank is widely expected to cut
interest rates by 25 basis points, its first cut in the key
BUY USD/INR
lending rate since April 2012.In its macro-economic
ABOVE 54.00 report, released close to the market closing time, the
FOR TGT central bank said a sustained commitment to contain
54.15/54.30 fiscal and current account deficits was needed to create
SL 53.80 room for monetary easing.
PAST
REFERENCE RATE
PERFORMANCE
BUY USD/INR As on 28th January 2013
ABOVE 53.70
UNDERLYING RATE
FOR TGT USDINR 53.8905
53.82/53.94
EURINR 72.5070
SL 53.50
GBPINR 84.9260
UNEXECUTED
JPYINR 59.2900
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
12:30pm EUR GfK German Consumer 5.8 5.6
Climate
12:30pm EUR German Import Prices -0.1% -0.2%
m/m
7:30pm USD S&P/CS Composite-20 5.7% 4.3%
HPI y/y
8:30pm USD CB Consumer Confidence 64.5 65.1
9:00pm USD Crude Oil Inventories -1.6M -1.0M
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