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DAILY FOREX REPORT BY EPIC RESEARCH - 18 JULY 2012

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DAILY  FOREX REPORT BY EPIC RESEARCH - 18 JULY 2012 Powered By Docstoc
					                      DAILY FOREX REPORT
                        18TH JULY 2012




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                           HEADLINES


                             India rupee gains; Bernanke testimony eyed
                              for cues:

                              The Indian rupee rose on Tuesday as the dollar
                              weakened ahead of U.S. Federal Reserve Chairman's
                              appearance before the U.S. Congress, though greenback
                              demand from oil companies kept a check on any sharp
                              gains.

       TRADING TIPS         Yuan inches up in light trade on weak US data:

      Buy JPY/INR above       The Yuan closed slightly higher on Tuesday as the
                              dollar index fell again in response to weak U.S. retail
      69.75 for targets       sales data.

      69.90/70.05                          RBI REFERENCE RATE
      Stop loss 69.60                         As on 17th July 2013
       PREVIOUS
                                       UNDERLYING                    RATE
         PERFORMANCE                        USDINR                55.1455

      Buy JPY/INR above                     EURINR                67.7260

      70.15 for targets                     GBPINR                86.2972

                                            JPYINR                69.8800
      70.30/70.50.
      Stop loss 70.00
      Not Executed




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PRODUCT     EXP DATE        OPEN         HIGH        LOW        CLOSE        LTP        CHG     PERCENTAGE
 NAME                                                                                             CHANGE


                                DAILY MARKET STATISTICS
 CHANA      7/19/2012       4556         4573        4525        4560       4532        -28        -0.61

                                                                                                  Prev.
  Symbol     Series/Expiry
 CHILLI     7/19/2012      5060Unit      5060 Open5018       High
                                                                 5120    Low
                                                                            5018      Close
                                                                                       -102        -1.99
                                                                                                  Close


  EUR-INR
  GUR          27-Jul-12
            7/19/2012         67.2550 1188 67.5300
                            1188                           1183.5 67.4475
                                                 1178 67.1200          1178           67.3725
                                                                                        -5.5     67.2550
                                                                                                   -0.46

  EUR-INR
 JEERA         29-A ug-12
            7/19/2012          67.4000 1496067.8000
                            14955                          15052.5 67.6950
                                                 14650 67.4000         14800          67.6525
                                                                                       -252.5    67.4000
                                                                                                   -1.68

  GBP-INR
 KAPAS         27-Jul-12
            7/19/2012         85.7900 1053 85.9675
                                                 1035 85.3300
                            1044                           1049         85.8875
                                                                             1041     85.3150
                                                                                         -8      85.7900
                                                                                                   -0.76


  GBP-INR
 PEPPER        29-A ug-12
            7/19/2012          85.3650 4255586.2575
                            42300                           42390 86.1950
                                                 42250 85.3650        42435           85.6400
                                                                                         45      85.3650
                                                                                                   0.11


  GBP-INR
REF SOYA       26-S ep-12
            7/19/2012          86.0000 783.686.3850
                            780.5                            782.85 86.3850
                                                  777.4 86.0000         781.3         86.4675
                                                                                        -1.55    86.0000
                                                                                                    -0.2


  JPY-INR
SOY BEAN       27-Jul-12
            7/19/2012         69.5975 4330 70.1300
                                                4265.5 69.3500
                            4309                            4303        69.9625
                                                                             4315     69.6475
                                                                                         12      69.5975
                                                                                                   0.28


TURMERIC
  JPY-INR   7/19/2012
               29-A ug-12     69.7000 4676 70.2875
                            4600                           4664
                                                 4518 69.5025                4540
                                                                        70.2275         -124
                                                                                      69.8850      -2.66
                                                                                                 69.7000


 WHEAT
  USD-INR   7/19/2012
               27-Jul-12      55.0500 1282 55.3825
                            1251                           1246
                                                 1251 54.8800                1282
                                                                        55.3350          36
                                                                                      55.2650      2.89
                                                                                                 55.0500


  USD-INR     29-A ug-12       55.3175          55.6625     55.1700     55.6300       55.5600    55.3175


  USD-INR     26-S ep-12       55.7000          55.9400     55.4050     55.9125       55.8275    55.7000




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                            DAILY USD/INR CHART




ANALYSIS
OPEN: 55.0500
HIGH: 55.2750
LOW: 54.8850
CLOSE: 55.1700

      USD/INR LOOKS BULLISH
      TREND: BULLISH
      STRATEGY: BUY ON DIPS.
                          DAILY EUR/INR CHART




ANALYSIS
OPEN: 67.4475
HIGH: 67.8525
LOW: 67.4475
CLOSE: 67.7475

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




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                                    FOREX FORTHCOMING DATA

TIME         CURRENY DETAIL                                               ACTUAL       FORECAST      PREVIOUS

2..00 p.m.   GBP         Claimant Count Change                                         7.4K          8.1K
2.00 p.m.    GBP         MPC Meeting Minutes                                           0-0-9         0-0-9

6.00 p.m.    USD         Building Permits                                              0.76M         0.78M

7.30 p.m.    USD         Fed Chairman Bernanke Testifies                               1.00%         1.00%

8.00 p.m.    USD         USD Crude Oil Inventories                                                   -4.7M




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