DAILY FOREX REPORT BY EPIC RESEARCH - 19 JULY 2012
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DAILY FOREX REPORT 19TH JULY 2012 WWW.EPICRESEARCH.CO 9993959693 HEADLINES India rupee weakens tracking euro; oil, defense demand hurts: The Indian rupee weakened to its lowest level this week on Wednesday, tracking losses in the euro after a media report quoted German Chancellor Angela Merkel as expressing doubts on the success of the European project. TRADING TIPS Yuan inches up in light trade on weak US data: Buy above for The Yuan closed slightly higher on Tuesday as the dollar index fell again in response to weak U.S. retail targets 69.90/70.05 sales data. Stop loss 69.60 RBI REFERENCE RATE PREVIOUS As on 18th July 2013 PERFORMANCE UNDERLYING RATE Buy JPY/INR above USDINR 55.3395 69.75 for targets EURINR 67.9540 GBPINR 86.5510 69.90/70.05 JPYINR 70.0500 Stop loss 69.60 Target achieved www.epicresearch.co 9993959693 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 67.7500 1188 68.0400 1188 1183.5 67.8625 1178 67.6550 1178 67.7475 -5.5 67.7500 -0.46 EUR-INR JEERA 29-A ug-12 7/19/2012 67.9450 1496068.3200 14955 15052.5 68.1400 14650 67.9450 14800 68.0150 -252.5 67.9450 -1.68 GBP-INR KAPAS 27-Jul-12 7/19/2012 86.1975 1053 86.6200 1035 86.0850 1044 1049 86.5300 1041 86.1575 -8 86.1975 -0.76 GBP-INR PEPPER 29-A ug-12 7/19/2012 86.4525 4255586.9000 42300 42390 86.8550 42250 86.4525 42435 86.4375 45 86.4525 0.11 GBP-INR REF SOYA 26-S ep-12 7/19/2012 87.0850 783.687.0850 780.5 782.85 87.0500 777.4 87.0500 781.3 86.7000 -1.55 87.0850 -0.2 JPY-INR SOY BEAN 27-Jul-12 7/19/2012 69.2225 4330 70.2800 4265.5 69.2000 4309 4303 70.2325 4315 69.7075 12 69.2225 0.28 TURMERIC JPY-INR 7/19/2012 29-A ug-12 69.5000 4676 70.5100 4600 4664 4518 69.5000 4540 70.4925 -124 69.9600 -2.66 69.5000 WHEAT USD-INR 7/19/2012 27-Jul-12 55.1700 1282 55.5700 1251 1246 1251 55.0500 1282 55.5225 36 55.1700 2.89 55.1700 USD-INR 29-A ug-12 55.3600 55.8475 55.3400 55.8025 55.4425 55.3600 USD-INR 26-S ep-12 55.6800 56.1150 55.6375 56.0775 55.7150 55.6800 www.epicresearch.co 9993959693 DAILY USD/INR CHART ANALYSIS OPEN: 55.0850 HIGH: 55.5700 LOW: 55.0550 CLOSE: 55.5225 USD/INR LOOKS BULLISH TREND: BULLISH STRATEGY: BUY ON DIPS. DAILY EUR/INR CHART ANALYSIS OPEN: 67.7500 HIGH: 68.0400 LOW: 67.6550 CLOSE: 67.8625 EUR/INR LOOKS BULLISH TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co 9993959693 FOREX FORTHCOMING DATA TIME CURRENY DETAIL ACTUAL FORECAST PREVIOUS 1.30 p.m. EUR Current Account 5.3B 4.6B 2.00 p.m. GBP Retail Sales m/m 0.6% 1.4% 6.00 p.m. USD Unemployment Claims 370K 350K 7.30 p.m. USD Existing Home Sales 4.65M 4.55M 7.30 p.m. USD Philly Fed Manufacturing Index -7.7 -16.6 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. 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