Daily forex-report by epic research 1 february 2013
- 1. S DAILY FOREX REPORT 1STFEBRUARY 2013 WWW.EPICRESEARCH.CO +919752199966
- 2. HEADLINES Rupee falls from 3-1/2 month high vs dollar The rupee is trading at 53.36/37 versus its previous close of 53.30/31, falling sharply from the day's high of 53.07, which was its strongest since Oct. 18.Traders say gains in the dollar versus most other Asian currencies seen hurting sentiment for the rupee. Month-end dollar demand from oil firms are also adding to the downward pressure on the rupee. Domestic shares were trading down 0.4 percent, boosting the pair further. Rupee trims initial gains vs dollar, still up by 9 paise TRADING TIPS The rupee trimmed its initial gains against the American currency but was still quoted up by nine paise to 53.21 per SELL USD/INR dollar on mild selling of dollars from banks and exporters BELOW 53.39 in view of persistent capital inflows from foreign funds. FOR TGT 53.24/53.09 REFERENCE RATE SL 53.59 As on 31ST January 2013 PAST PERFORMANCE UNDERLYING RATE SELL USD/INR USDINR 53.2890 BELOW 53.52 EURINR 72.2325 FOR TGT GBPINR 84.2233 53.37/53.22 JPYINR 58.6600 SL 54.72 TARGET ACHIEVED 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 26-Feb-2013 1 EUR 72.6500 72.6500 72.2250 72.2775 72.5575 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 27-Mar-2013 1 EUR 72.7800 72.8500 72.5125 72.5550 72.8325 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 26-Feb-2013 1 GBP 84.4750 84.7800 84.1150 84.2750 84.3550 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 27-Mar-2013 42300 GBP 4255584.7825 7/19/2012 1 42250 85.0425 42390 84.4500 42435 84.5800 45 84.6925 0.11 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 26-Feb-2013 100 JPY 58.7225 59.0700 58.6400 58.7175 58.7025 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 27-Mar-2013 100 JPY 59.1975 59.3025 58.9150 58.9875 58.9800 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 26-Feb-2013 7/19/2012 1USD 1282 53.4500 1251 1251 53.5850 1246 53.2550 1282 53.3925 36 53.5350 2.89 USDINR 27-Mar-2013 1 USD 53.7775 53.8475 53.5175 53.6575 53.7900 USDINR 26-Apr-2013 1 USD 54.0200 54.1300 53.8100 53.9450 54.0825 www.epicresearch.co +919752199966
- 4. DAILY USD/INR CHART ANALYSIS OPEN: 53.4950 HIGH: 53.5850 LOW: 53.2550 CLOSE: 53.3925 USD/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
- 5. DAILY EUR/INR CHART ANALYSIS OPEN: 72.4525 HIGH: 72.5800 LOW: 72.2250 CLOSE: 72.2775 EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
- 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 3:30pm EUR Unemployment Rate 11.9% 11.8% 7:00pm USD Non-Farm Employment 161K 155K Change 7:00pm USD Unemployment Rate 7.8% 7.8% 8:30pm USD ISM Manufacturing PMI 50.8 50.7 9:00pm 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