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Weekly Forex Report 1 APRIL 2013: WWW - Epicresearch.Co

India's foreign exchange reserves rose by $1 billion to $293.37 billion for the week ended March 22, 2013. The yuan closed slightly higher against the dollar after reaching a record high earlier in the week as the central bank intervened to maintain stability. Major currency pairs such as EUR-INR and USD-INR were range-bound during the week, with the report recommending buying on dips. Upcoming economic data and events that could impact major currency pairs are also listed.

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Weekly Forex Report 1 APRIL 2013: WWW - Epicresearch.Co

India's foreign exchange reserves rose by $1 billion to $293.37 billion for the week ended March 22, 2013. The yuan closed slightly higher against the dollar after reaching a record high earlier in the week as the central bank intervened to maintain stability. Major currency pairs such as EUR-INR and USD-INR were range-bound during the week, with the report recommending buying on dips. Upcoming economic data and events that could impact major currency pairs are also listed.

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WEEKLY FOREX REPORT 1st APRIL 2013

WWW.EPICRESEARCH.CO

+919752199966

HEADLINES
India's forex reserves jump $1 billion to $ 293.37 billion The country's foreign exchange reserves rose for the second consecutive week, going up by $ 1.05 billion to $ 293.37 billion on a rise in the core currency assets, the Reserve Bank said today.The total reserves had risen by nearly $ 2 billion to $ 292.3 billion in the previous reporting week. Foreign currency assets, a major component of the forex reserves, were up by $ 1.06 billion to $ 260.41 billion for the week ended March 22, the Reserve Bank said.

RBI REFERENCE RATE


As on 28TH MARCH 2013
Yuan closes higher but pulls back from record on PBOC stability push China's yuan on Friday equaled a record high set two days earlier, but closed the week only slightly higher as UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
54.3893 69.5438 82.3209 57.7600

the central bank appeared intent on holding the currency steady. Spot yuan opened at a record-high 6.2195 per dollar, but closed at 6.2108, 0.03 per cent stronger for the week. Traders reported signs that the central bank was intervening to hold the exchange rate above the psychologically significant 6.21 resistance level.The yen strengthened in morning Asian trade on Friday after Japan's parliament approved a new management team for the country's central bank, which is expected to launch aggressive easing measures.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA
Symbol CHILLI

7/19/2012

DAILY MARKET STATISTICS (As on22NDMARCH 2013)


4556 4573 4525 4560 4532 -28 5060 Open5018
High5120 Low 5018 Close -102

-0.61

Series/Expiry 5060Unit 7/19/2012

Prev. Close -1.99

EUR-INR GUR

26-Apr-2013 7/19/2012

1 EUR 1188 70.5175 1188 1178 71.0000 1183.569.8100 1178 70.0275 -5.5

70.4225 -0.46

JEERA EUR-INR KAPAS

7/19/2012 14650 70.4450 15052.5 14800 70.3850 -252.5 29-May-2013 14955 70.2000 1 EUR 1496070.4000 7/19/2012 7/19/2012 7/19/2012
26-Apr-2013

-1.68 70.8100 -0.76 0.11 -0.2


57.9775

GBP-INR

26-Apr-2013

1044

1 GBP

1053

82.8300

1035

82.9275

1049

82.6200

1041

82.7375

-8

82.9150

PEPPER

GBP-INR

29-May-2013

42300 780.5

1 GBP

42555 783.6 4330 4676 1282

83.2850

42250 777.4

83.3100

42390

83.1050

42435 781.3 4315

83.1575

45

83.3100

REF SOYA
JPY-INR

782.85
58.4000

-1.55
58.0425

100 JPY

58.4000

57.9875

SOY BEAN
JPY-INR

7/19/2012
29-May-2013

4309
100 JPY

4265.5
58.4700

4303
58.5375

12
58.3475

0.28
58.2925

58.2800

TURMERIC
USD-INR

7/19/2012
26-Apr-2013

4600
1 USD

4518
54.7500

4664
54.8100

4540
54.6150

-124
54.6725

-2.66
54.7000

WHEAT
USD-INR

7/19/2012
29-May-2013

1251
1 USD

1251
55.0400

1246
55.1300

1282
54.9300

36
54.9850

2.89
55.0225

USD-INR

26-Jun-2013

1 USD

55.4050

55.4050

55.2250

55.2850

55.3200

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WEEKLY USD/INR CHART

ANALYSIS
OPEN: 54.0900 HIGH: 54.3800 LOW: 54.0500 CLOSE: 54.2500

USD/INR LOOKS SIDEWAYS TREND: BULLISH STRATEGY: BUY ON DIPS

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+919752199966

WEEKLY EUR/INR CHART

ANALYSIS
OPEN: 70.5200 HIGH: 70.5500 LOW: 69.2500 CLOSE: 69.5600

EUR/INR LOOKS SIDEWAYS TREND: BULLISH STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING EVENTS


DAY MONDAY TUESDAY WEDNEDAY WEDNEDAY THURSDAY THURSDAY FRIDAY FRIDAY FRIDAY TIME 7:30pm 2:00pm 5:45pm 7:30pm 6:00pm 8:00pm 6:00pm 6:00pm 6:00pm CURRENCY USD GBP USD USD USD USD USD USD USD DETAILS ISM Manufacturing PMI Manufacturing PMI ADP Non-Farm Employment Change ISM Non-Manufacturing PMI Unemployment Claims Fed Chairman Bernanke Speaks Non-Farm Employment Change Trade Balance Unemployment Rate 201K -44.6B 7.7% 236K -44.4B 7.7% ACTUAL FORECAST 54.2 48.9 203K 55.9 354K PREVIOUS 54.2 47.9 198K 56.0 357K

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 transaction 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, together 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.

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