The weekly forex report provides the following information:
- The rupee gained against the dollar for the week on strong foreign inflows but sentiment remained cautious due to concerns over India's current account deficit and US fiscal cliff negotiations.
- The British pound fell to an 8-month low against the euro due to uncertainty over the UK's economic recovery and reduced eurozone debt concerns boosting the euro.
- The yen fell to a 2-year low versus the dollar on expectations the new Japanese government will push the Bank of Japan to more aggressively ease monetary policy.
- The report provides daily market statistics and charts for various currency pairs including USD/INR and EUR/INR as well as analysis and
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 fell on Friday, snapping a four-day gain due to profit-taking and fading hopes of policy reforms in parliament.
- The British pound fell against the dollar and euro after UK GDP data came in line with expectations.
- The euro traded in a tight range ahead of an important meeting between the German Chancellor and Greek Prime Minister over further financial aid for Greece.
- 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.
- Westpac Institutional Bank is shorting the US dollar and expects to add to its short positions if the dollar rallies towards 55.50 levels.
- Westpac expects the Indian rupee to rebound due to an expected interest rate cut by the RBI later this month and continued reforms by the Indian government.
- Westpac believes the combination of rate cuts, policy reforms, and improvements in exports will deliver a correction in the US dollar against the Indian rupee over the next few weeks.
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 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.
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.
- 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.
- The Indian rupee fell on Friday, snapping a four-day gain due to profit-taking and fading hopes of policy reforms in parliament.
- The British pound fell against the dollar and euro after UK GDP data came in line with expectations.
- The euro traded in a tight range ahead of an important meeting between the German Chancellor and Greek Prime Minister over further financial aid for Greece.
- 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.
- Westpac Institutional Bank is shorting the US dollar and expects to add to its short positions if the dollar rallies towards 55.50 levels.
- Westpac expects the Indian rupee to rebound due to an expected interest rate cut by the RBI later this month and continued reforms by the Indian government.
- Westpac believes the combination of rate cuts, policy reforms, and improvements in exports will deliver a correction in the US dollar against the Indian rupee over the next few weeks.
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 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.
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.
- 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.
DAILY FOREX REPORT BY EPIC RESEARCH- 1 JANUARY 2013Epic Research
The rupee appreciated against the dollar due to dollar selling by custodian banks. The USD/INR pair was wedged in a narrow range between 54.75-54.81 as dollar demand from oil refiners was offset by dollar sales from exporters. Traders awaited developments regarding the US fiscal cliff and India's September quarter current account deficit data for near-term currency direction.
- The Indian rupee gained 25 paise against the US dollar after the Reserve Bank of India cut its key policy rates by 25 basis points.
- The RBI reduced the repo rate from 8% to 7.75% and the reverse repo rate from 6.75% to 6.75%. It also cut the cash reserve ratio, releasing Rs 18,000 crore in liquidity.
- The daily forex report provides the closing prices of various currency pairs including USD/INR, EUR/INR, GBP/INR, and JPY/INR along with analysis and trading tips.
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 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.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The rupee 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.
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 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.
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 rose 2.3% against the dollar last week, its biggest weekly gain since July, helped by capital inflows on optimism about economic reforms in India.
- Sterling hit a one-month high against the dollar, tracking gains in the euro. The euro rose to a seven-month high against the yen on month-end demand from Japanese importers.
- Key economic data and central bank speeches are expected this week from major economies like the US, UK, and eurozone, which could impact currency movements.
The rupee gained 2.3% against the dollar last week, its largest weekly gain since July. GDP data showed India's economy was on track for its worst year in a decade. Sterling hit a one-month high against the dollar and the euro rose to a seven-month high versus the yen amid month-end demand from importers. Key economic reports and central bank comments are expected over the coming week.
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 key information:
- The euro fell to a two-week low against the British pound on concerns about Spain and Greece and potential UK farm subsidy payments.
- The Indian rupee strengthened against the US dollar due to foreign fund inflows into India following economic reforms.
- Trading tips recommend buying the USD/INR currency pair above 53.57 with targets of 53.72 and 53.87 and a stop loss of 53.40.
The daily forex report provides the following key information:
- The euro fell to a two-week low against the British pound on concerns about Spain and Greece and potential UK farm subsidies.
- The Indian rupee strengthened against the US dollar due to foreign fund inflows into India following economic reforms.
- Trading tips recommend buying the USD/INR currency pair if it rises above 53.57, with targets of 53.72 and 53.87.
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 daily forex report provides headlines on the euro steadying against the dollar after a German court ruling. It also discusses the rupee shedding value against the dollar due to increased demand. Charts and analysis are presented for USD/INR and EUR/INR, noting bullish trends and a strategy to buy on dips. Forthcoming US retail sales data is also highlighted.
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.
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
DAILY FOREX REPORT BY EPIC RESEARCH- 1 JANUARY 2013Epic Research
The rupee appreciated against the dollar due to dollar selling by custodian banks. The USD/INR pair was wedged in a narrow range between 54.75-54.81 as dollar demand from oil refiners was offset by dollar sales from exporters. Traders awaited developments regarding the US fiscal cliff and India's September quarter current account deficit data for near-term currency direction.
- The Indian rupee gained 25 paise against the US dollar after the Reserve Bank of India cut its key policy rates by 25 basis points.
- The RBI reduced the repo rate from 8% to 7.75% and the reverse repo rate from 6.75% to 6.75%. It also cut the cash reserve ratio, releasing Rs 18,000 crore in liquidity.
- The daily forex report provides the closing prices of various currency pairs including USD/INR, EUR/INR, GBP/INR, and JPY/INR along with analysis and trading tips.
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 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.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
The rupee 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.
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 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.
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 rose 2.3% against the dollar last week, its biggest weekly gain since July, helped by capital inflows on optimism about economic reforms in India.
- Sterling hit a one-month high against the dollar, tracking gains in the euro. The euro rose to a seven-month high against the yen on month-end demand from Japanese importers.
- Key economic data and central bank speeches are expected this week from major economies like the US, UK, and eurozone, which could impact currency movements.
The rupee gained 2.3% against the dollar last week, its largest weekly gain since July. GDP data showed India's economy was on track for its worst year in a decade. Sterling hit a one-month high against the dollar and the euro rose to a seven-month high versus the yen amid month-end demand from importers. Key economic reports and central bank comments are expected over the coming week.
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 key information:
- The euro fell to a two-week low against the British pound on concerns about Spain and Greece and potential UK farm subsidy payments.
- The Indian rupee strengthened against the US dollar due to foreign fund inflows into India following economic reforms.
- Trading tips recommend buying the USD/INR currency pair above 53.57 with targets of 53.72 and 53.87 and a stop loss of 53.40.
The daily forex report provides the following key information:
- The euro fell to a two-week low against the British pound on concerns about Spain and Greece and potential UK farm subsidies.
- The Indian rupee strengthened against the US dollar due to foreign fund inflows into India following economic reforms.
- Trading tips recommend buying the USD/INR currency pair if it rises above 53.57, with targets of 53.72 and 53.87.
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 daily forex report provides headlines on the euro steadying against the dollar after a German court ruling. It also discusses the rupee shedding value against the dollar due to increased demand. Charts and analysis are presented for USD/INR and EUR/INR, noting bullish trends and a strategy to buy on dips. Forthcoming US retail sales data is also highlighted.
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.
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 hit a 5-month high against the dollar on hopes of an improving economy and reforms from the government.
2) The euro recovered from a 3-week low but uncertainty in Spain dampened demand.
3) Charts and analysis indicate the USD/INR and EUR/INR trends are bearish, recommending selling 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 rupee opened flat against the dollar but rose after data showed strong growth in China's exports and imports. China's exports grew 14.1% in December while imports grew 6%. Gold buying slowed as prices moved sideways. The government's efforts to improve public finances were also positive for the rupee. Traders were advised to sell USD/INR below 54.78 for a target of 54.63-54.48 as the trend for the currency pair was seen as bearish.
The rupee opened higher in early trading on January 2nd, 2013 supported by a deal in the US to avoid the "fiscal cliff". However, gains for the rupee were limited due to a record high current account deficit reported in India. Traders were advised to sell the USD/INR pair below 55 and buy on breaks above 55.20. Manufacturing data from major economies was expected later in the week.
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 daily forex report provides the following information:
- The dollar index rose to a 1-month high against a basket of currencies due to gains against the euro and yen.
- Trading tips are given to buy USD/INR above certain levels and targets are provided.
- Daily market statistics on prices of various commodities are presented.
- Charts of USD/INR and EUR/INR are shown and analyzed.
- Upcoming economic data releases from major currencies are listed.
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.
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.
The rupee strengthened to its highest level in over two months against the US dollar, breaching the key 54 level, supported by the government's partial deregulation of diesel prices. Traders said the diesel price hike would help reduce the large fiscal deficit. Regional currencies and stocks also gained, following strong economic data from the US and China. The daily forex report provided analysis and trading tips, including recommending selling USD/INR below 53.85 and EUR/INR below 72.64, based on the rupee strengthening and bearish trends in these currency pairs. Market statistics and charts were also included.
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.
2. HEADLINES
Rupee gains; US budget talks, current account
deficit in focus
Rupee rose on Friday to post a 0.6 percent gain for the
week, helped by a strong month of foreign inflows,
although sentiment remained cautious ahead of
domestic current account data and the continuing
negotiations over the U.S. "fiscal cliff." Data due on
Monday may show the country's current account deficit
soared to a record high in the September quarter on
high non-oil imports after narrowing in the June
quarter, which may further raise concerns at a time
RBI REFERENCE RATE when economic growth has slowed
As on 31stDECEMBER 2012
Sterling pinned down to 8-month low vs euro
on UK worries
Sterling fell to an eight-month low against the euro on
UNDERLYING RATE
Friday, weighed down by uncertainty about a UK
USDINR 54.8473 recovery and the boost the single currency has taken
from an easing of some of the euro zone's debt worries.
EURINR 72.6298
The euro rose to 82.25 pence, its highest since mid-
GBPINR 88.3974 April with near term resistance at 82.43, its high struck
JPYINR 63.4600 on April 18.
Yen hits 2-year low on expectations for bold
BOJ easing
The yen fell to its lowest level in more than two years
versus the dollar on Friday, pressured by expectations
that the new Japanese government will push the Bank
of Japan into more aggressive monetary easing.
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
WEDNESDAY 3:00 pm GBP Manufacturing PMI 49.2 49.1
WENESDAY 8:30pm USD ISM Manufacturing PMI 50.2 49.5
THURSDAY 3:00pm USD Construction PMI 49.6 49.3
THURSDAY 6:45pm USD ADP Non-Farm Employment 134K 118K
Change
THURSDAY 7:00pm USD Unemployment Claims 356K 350K
FRIDAY 12:30am USD FOMC Meeting Minutes
FRIDAY 3:00pm USD Services PMI 50.4 50.2
FRIDAY 7:00pm USD Non-Farm Employment Change 145K 146K
FRIDAY 7:00pm USD Unemployment Rate 7.7% 7.7%
FRIDAY 8:30pm USD ISM Non-Manufacturing PMI 54.3 54.7
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any
responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere
efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on
sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually
tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies,
and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transactio n conducted
based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, togethe r with all
estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks
recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading
of the information is the acceptance of this disclaimer.
All Rights Reserved. Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the
completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which
may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial
instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or
Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can
be taken.
www.epicresearch.co +919752199966