DAILY FOREX REPORT BY EPIC RESEARCH-14 SEPTEMBER 2012
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DAILY FOREX REPORT
14th SEPTEMBER 2012
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HEADLINES
Euro steadies near 4-month peak after German
court ruling.
The euro held near a four-month high on Thursday
after Germany's Constitutional Court gave the green
light for Berlin to ratify the euro zone's permanent
rescue fund, looking to extend gains further on possible
stimulus from the US Federal Reserve.
TRADING TIPS
Buy USD/INR above Rupee sheds 20 paise against dollar
The rupee depreciated by 20 paise to 55.41 against the
55.56 for targets of dollar in early trade today on fresh demand for the
American currency. Forex dealer said increased
55.71/55.86
demand for the US dollar from oil importers mainly put
Stop loss 55.41 pressure on the local unit, however, higher opening in
the equity market and weak dollar against other
currencies overseas capped rupee's losses.
PAST RBI REFERENCE RATE
PERFORMANCE As on 13th September 2012
Buy USD/INR above UNDERLYING RATE
55.45 for targets of USDINR 55.443
55.60/55.75 EURINR 71.616
GBPINR 89.3076
Stop loss 55.30
JPYINR 71.3300
Above cost
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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 Unit Open High Low Close
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
Close
EUR-INR
GUR 26-Sep-2012
7/19/2012 1188EUR 1188
1 1183.5 71.3250
71.40001178 71.7100 1178 71.4625
-5.5 71.3400
-0.46
EUR-INR
JEERA 29-Oct-2012
7/19/2012 1 EUR 14960
14955 1465071.9900
71.7800 15052.5 71.7200
14800 71.7725
-252.5 71.6625
-1.68
GBP-INR
KAPAS 26-Sep-2012
7/19/2012 1
1044GBP 88.99001035 89.4400
1049 88.9900
1053 1041 89.1800
-8 88.9650
-0.76
GBP-INR
PEPPER 29-Oct-2012
7/19/2012 1 GBP 42555
42300 4225089.7500
89.4500 42390 89.4500
42435 89.5275
45 89.3000
0.11
JPY-INR
REF SOYA 26-Sep-2012
7/19/2012 780.5 JPY 783.6
100 71.0675 782.85 71.0675
777.471.4975 781.3 71.2700
-1.55 70.9925
-0.2
JPY-INR
SOY BEAN 29-Oct-2012
7/19/2012 100 71.3750
4309 JPY 4330 4265.5 4303 71.3750
71.7000 4315 71.5125
12 71.2325
0.28
USD-INR
TURMERIC 26-Sep-2012
7/19/2012 4600USD 4676
1 4664 55.3050
55.45004518 55.5700 4540 55.4275
-124 55.3000
-2.66
USD-INR
WHEAT 7/19/2012
29-Oct-2012 1 55.63001251 55.8275
1251USD 1282 1246 55.6250
1282 55.6925
36 55.5675
2.89
USD-INR 27-Nov-2012 1 USD 71.4000 71.7100 71.3250 71.4625 71.3400
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DAILY USD/INR CHART
ANALYSIS
OPEN: 55.3050
HIGH: 55.5650
LOW: 55.3050
CLOSE: 55.4275
USD/INR LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
DAILY EUR/INR CHART
ANALSIS
OPEN: 71.3250
HIGH: 71.7100
LOW: 71.3250
CLOSE: 71.4625
EUR/INR LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
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FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
6:00pm USD Core Retail Sales m/m 0.6% 0.8%
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