WEEKLY FOREX REPORT BY EPIC RESEARCH-09 JULY 2012

					                                      weekly Forex Report(9        TH
                                                                        july2012)




Weekly News

       Rupee slide may resume as US jobs lower than expected.

        The rupee closed at 55.42 to the US dollar, down 0.9% from the previous
        close of 54.95. It swung in a range of 54.25 to 54.68 with high volumes
        that made the RBI step in to reduce the volatility

       Standard Chartered upgrades rupee; says India may miss fiscal target
        Rupee gain: RBI announces fresh measures to boost dollar inflows.

        Standard Chartered upgraded its short-term rating for the rupee to
        "neutral" from "underweight", and revises its end-September forecast to
        56 from previous forecast of 57.50, adding the cross has "likely" hit the
        high for the year

       India's forex reserves rise to $289.99 billion: RBI

        India's foreign exchange reserves rose to $289.99 billion as of June 29,
        from $288.63 billion in the previous week, the central bank said in its
        weekly statistical supplement on Friday

       Euro falls to 2-year low against US dollar.

        The euro has lost 3.08 percent against the dollar this week, and at current
        prices is on track for its worst weekly performance since the week ended
        Sept. 11. The dollar is down 0.27 percent against the yen.
www.epicresearch.co+919993959693



   Weekly trends of the market


                  EUR/USD sideways ahead of US nonfarm payrolls:

                   Ahead in the American session is the nonfarm payrolls report, with
                   expectations of improvement from 69K to 90K in June

                  Rupee expected to weaken, Gold, Silver to be impacted

                   Indian Rupee is expected to weaken against US dollar index on risk aversion
                   in global markets. India’s Reserve Bank would announce the foreign
                   exchange reserves data for the week on Friday

                  India Rupee to depreciate on rising dollar index

                   Rupee is expected to depreciate on account of rise in risk aversion in the
                   global markets which will lead to rise in demand for DX and add pressure
                   on the Rupee. Additionally, dollar demand from the oil importers will also
                   act as a negative factor for the currency.




           .

                  The Australian dollar was pressured by euro zone concerns as well as a dovish quarterly
                   statement from the Reserve Bank of Australia and data showing a slump in Chinese
                   imports

                  The dollar also fell against the high –yielding Australian and New Zealand dollar, with the
                   Australian dollar hitting a three month peak at $0.9108.




                                                                                   www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   WEEKLY CHARTS
   EUR/USD




   USD/JPY




                                   www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   GBP/USD




   USD/INR




                                   www.epicresearch.co +919993959693
www.epicresearch.co+919993959693



   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 +919993959693

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:2
posted:7/9/2012
language:
pages:5
Description: 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.