DAILY FOREX REPORT BY EPIC RESEARCH- 08-JAN-2013
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- 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- 08-JAN-2013
- 1. DAILY FOREX REPORT 8TH JANUARY 2013 WWW.EPICRESEARCH.CO +919752199966
- 2. HEADLINES Rupee falls to 1 month low on euro, share losses The rupee fell to an over 1-month low in late trade on Monday as local stocks slipped and the euro weakened as last week's Federal Reserve minutes continued to cast doubt over future US monetary stimulus. The BSE stock index gave up early gains to end down 0.47 per cent. The rupee was at 55.26/27 per dollar as of 1010 GMT, it’s weakest since Nov 29, and down from its previous closes of 55.07/08. Rupee slips 13 paise against dollar; fails to maintain upward momentum TRADING TIPS Failing to maintain its initial upward momentum, the rupee today slid by 13 paise to 55.03 against the dollar in BUY USD/INR late morning trade due to bouts of demand for the US ABOVE 55.47 currency from banks and oil importers amid firm cues FOR TGT overseas.The rupee had gained 17 paise in the early 55.62/55.77 morning trade and was trading at 54.90.The local currency resumed higher at 55 per dollar as against the SL 55.32 previous closing level of 55.82 at the Interbank Foreign PAST Exchange (Forex) Market. It traded in a range of 54.90 PERFORMANCE and 55.04 before quoting 55.03 at 1110 hrs. BUY EUR/INR ABOVE 71.97 REFERENCE RATE FOR TGT As on 7THJanuary 2013 72.12/72.27 UNDERLYING RATE SL 71.82 USDINR 54.9780 TARGET ACHIEVED EURINR 71.6690 GBPINR 88.1077 JPYINR 62.6700 www.epicresearch.co +919752199966
- 3. DAILY MARKET STATISTICS PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Symbol Series/Expiry Unit Open High Low Close Prev. Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 29-Jan-2013 1 EUR 72.0200 72.4000 71.8675 72.3375 71.9600 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 EURINR 26-Feb-2013 1 EUR 72.3175 72.6200 72.0875 72.5650 72.1825 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 88.5750 89.1300 88.3250 89.0200 88.5950 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255588.8500 7/19/2012 1 42250 89.4000 42390 88.6000 42435 89.3000 45 88.8575 0.11 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 29-Jan-2013 100 JPY 62.5925 63.2700 62.5425 63.1600 62.7100 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 62.8750 63.4750 62.7450 63.3525 62.9050 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 55.2325 1251 1251 55.5350 1246 55.1125 1282 55.4700 36 55.3325 2.89 USDINR 26-Feb-2013 1 USD 55.4200 55.7700 55.3675 55.7175 55.5800 USDINR 27-Mar-2013 1 USD 55.6925 56.0100 55.6200 55.9575 55.8275 www.epicresearch.co +919752199966
- 4. DAILY USD/INR CHART ANALYSIS OPEN: 55.1800 HIGH: 55.5350 LOW: 55.1200 CLOSE: 55.4700 USD/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
- 5. DAILY EUR/INR CHART ANALYSIS OPEN: 72.3375 HIGH: 72.4000 LOW: 72.3375 CLOSE: 72.3375 EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
- 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 3:30pm EUR Retail Sales m/m 0.5% -1.2% 3:30pm EUR Unemployment Rate 11.8% 11.7% 4:30pm EUR German Factory Orders -1.4% 3.9% m/m 8:30pm USD IBD/TIPP Economic 46.3 45.1 Optimism 9:30pm USD Crude Oil Inventories -1.6M -1.0M 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. www.epicresearch.co +919752199966