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DAILY FOREX REPORT BY EPIC RESEARCH-05 NOVEMBER 2012

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DAILY FOREX REPORT BY EPIC RESEARCH-05 NOVEMBER 2012 Powered By Docstoc
					                      DAILY FOREX REPORT
                      2ND NOVEMBER 2012




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                          HEADLINES
                          Rupee recovers from initial losses against US
                          dollar

                          The rupee recovered from early losses and was trading
                          at 53.79 a dollar on fresh selling of the American
                          currency by banks on hopes of more capital inflows
                          from foreign funds into equity market. The rupee
                          resumed lower at 53.85 per dollar as against the last
                          closing level of 53.80 at the Interbank Foreign
                          Exchange (Forex) market and dropped further to
                          53.90.
      TRADING TIPS
      SELL USD/INR
       BELOW 53.98                     RBI REFERENCE RATE
       FOR TGT                         As on 1TH November 2012
       53.78/53.58
       SL 54.18                    UNDERLYING               RATE

                                     USDINR                53.7798
      PAST
                                     EURINR                69.7105
       PERFORMANCE
                                     GBPINR                86.7683
     • SELL EUR/INR
                                     JPYINR                67.2500
       BELOW 70.27
       FOR TGT 70.12
       SL 70.42
       Target Achieved



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                              DAILY MARKET STATISTICS

PRODUCT     EXP DATE       OPEN       HIGH         LOW            CLOSE           LTP        CHG     PERCENTAGE
 NAME                                                                                                  CHANGE
                                                                                                     Prev.
 Symbol    Series/Expiry     Unit         Open             High             Low           Close
                                                                                                     Close
 CHANA     7/19/2012       4556       4573       4525        4560       4532     -28                     -0.61
 EURINR    27-Nov-2012       1 EUR       70.1000     70.1800      69.7600    69.8400                 70.2725
 CHILLI    7/19/2012       5060       5060         5018            5120           5018       -102        -1.99
 EURINR    27-Dec-2012       1 EUR       70.4200       70.4200            70.0500         70.1175    70.5500
  GUR      7/19/2012       1188       1188         1178           1183.5          1178        -5.5       -0.46
 GBPINR    27-Nov-2012       1 GBP       87.2000       87.2950            86.8700         87.1850    87.0625
 JEERA     7/19/2012       14955      14960      14650            15052.5      14800        -252.5       -1.68
 GBPINR    27-Dec-2012       1 GBP       87.4900       87.5750            87.1875         87.5175    87.3350
 KAPAS     7/19/2012       1044       1053         1035            1049           1041        -8         -0.76
 JPYINR    27-Nov-2012      100 JPY      67.6000       67.6475            67.2550         67.4075    67.6900
 PEPPER    7/19/2012       42300      42555      42250            42390        42435          45         0.11
 JPYINR    27-Dec-2012      100 JPY      67.7425       67.8600            67.4750         67.6450    67.9300
REF SOYA   7/19/2012       780.5      783.6        777.4          782.85          781.3      -1.55       -0.2
 USDINR    27-Nov-2012       1USD        54.1500       54.1500            53.9050         53.9800    54.0750
SOY BEAN   7/19/2012       4309       4330       4265.5            4303           4315        12         0.28
 USDINR    27-Dec-2012       1 USD       54.3175       54.3725            54.1450         54.2350    54.3150
TURMERIC   7/19/2012       4600       4676         4518            4664           4540       -124        -2.66
 USDINR    29-Jan-2013       1 USD       54.5900     54.6050      54.3800    54.4900                 54.5500
 WHEAT     7/19/2012       1251       1282       1251        1246       1282      36                     2.89




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                              DAILY USD/INR CHART




ANALYSIS
OPEN: 54.0800
HIGH: 54.1450
LOW: 53.9050
CLOSE: 53.9800

    USD/INR LOOKS CONSOLIDATED
    TREND: BEARISH

    STRATEGY: SELL ON RISE



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                              DAILY EUR/INR CHART




ANALSIS
OPEN: 70.2725
HIGH: 70.2725
LOW: 69.7600
CLOSE: 69.8400

    EUR/INR LOOKS CONSOLIDATED
    TREND: BEARISH
    STRATEGY: SELL ON RISE




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                           FOREX FORTHCOMING DATA

   TIME                CURRENCY                     DATA                  ACTUAL        FORECAST          PREVIOUS
   1:45pm                EUR              Spanish Manufacturing                                               44.5
                                                   PMI
   2:15pm                EUR            Italian Manufacturing PMI                           45.9              45.7

  6:00pm                 USD             Non-Farm Employment                                123K              114K
                                                Change

  6:00pm                 USD               Unemployment Rate                                7.9%              7.8%




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