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DAILY FOREX REPORT BY EPIC RESEARCH - 19 JULY 2012

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DAILY  FOREX REPORT BY EPIC RESEARCH - 19 JULY 2012 Powered By Docstoc
					                      DAILY FOREX REPORT
                        19TH JULY 2012




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                             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




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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         67.7500 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




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                            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




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                                   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




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