DAILY FOREX REPORT BY EPIC RESEARCH- 9 OCTOBER 2012
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DAILY FOREX REPORT 9th OCTOBER 2012 WWW.EPICRESEARCH.CO +919752199966 HEADLINES Rupee posts biggest single-day fall in three months The rupee fell to a one-week low on Monday and posted its biggest single-day fall in three months, as custodian banks bought dollars on the back of sharp losses in local shares, while global risk assets weakened on global economy concerns. The euro fell on risk aversion TRADING TIPS ahead of global earnings results and after the World Buy USD/INR Bank cut its growth forecasts for the East Asia and Pacific region, reversing the gains seen after the Above 52.75 for stronger-than-expected U.S. jobs data on Friday. targets of Rupee loses as risk assets fall; exporters sell 52.85/52.90 The rupee falls to 52.18-52.19 versus its previous close of 51.85-51.86, as part of a fall in risk assets over Stop loss 52.60 conerns about the global economic outlook. PAST RBI REFERENCE RATE PERFORMANCE As on 8th October 2012 Above 52.17 for UNDERLYING RATE USDINR 52.2145 targets of EURINR 67.7515 52.32/51.47 GBPINR 84.0027 Target Acheived JPYINR 66.4600 www.epicresearch.co +919752199966 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 CHILLI 7/19/2012 5060 5060 Open 5018 High 5120 Low 5018 Close -102 -1.99 Close 67.8000 68.3500 67.6500 68.2850 68.2850 67.7825 67.8000 EUR-INR GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 67.0075 68.9475 67.0075 68.4825 68.4825 67.9725 67.0075 EUR-INR JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 84.0200 84.6325 83.9350 84.5350 84.5350 84.3275 84.0200 GBP-INR KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 84.3975 84.8350 84.2550 84.7450 84.7450 84.5300 84.3975 GBP-INR PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 66.4350 67.4950 66.3300 67.4100 67.4100 66.4000 66.4350 JPY-INR REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 66.7025 67.6300 66.7025 67.5950 67.5950 66.5575 66.7025 JPY-INR SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 52.1000 52.7775 52.1000 52.7200 52.7200 52.1150 52.1000 USD-INR TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 52.3875 52.9900 52.3625 52.9475 52.9475 52.3075 52.3875 USD-INR WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 52.5375 53.1625 52.5300 53.1175 53.1175 52.4700 52.5375 USD-INR www.epicresearch.co +919752199966 DAILY USD/INR CHART ANALYSIS OPEN: 52.1000 HIGH: 52.7775 LOW: 52.1000 CLOSE: 52.7200 USD/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS DAILY EUR/INR CHART ANALSIS OPEN: 68.2850 HIGH: 68.3500 LOW: 68.2850 CLOSE: 68.2850 EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966 FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:00pm EUR ECB President Draghi Speaks 2:00pm GBP Manufacturing Production -0.6% 3.2% m/m 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. 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