WEEKLY FOREX REPORT BY EPIC RESEARCH- 3 DECEMBER 2012
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WEEKLY FOREX REPORT
3rd DECEMBER 2012
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HEADLINES
Rupee gains 2.3%, its biggest weekly gain since
July
The rupee rose on Friday for a third straight session,
helped by capital inflows on optimism that the
government will be able to win a vote in parliament
and push through key reforms.India's September
quarter GDP was largely in-line, but the data showed
the economy was on track for its worst year in a
decade, raising hopes of some monetary easing from
the central bankBSE 2.40 % as early as December.
RBI REFERENCE RATE Sterling rises to one-month high versus dollar
Sterling hit a one-month high against the dollar on
As on 30TH November 2012
Friday, tracking gains in the euro with market players
citing demand from an Asian central bankBSE 2.40 %.
The pound rose to $1.6062, its highest level since Nov.
UNDERLYING RATE
2, breaking near-term resistance at $1.6056, its 55-day
USDINR 54.5265 moving average.
EURINR 70.8880
Euro rises to fresh 7-month high versus yen
GBPINR 87.4823 The euro rose to a fresh seven-month high against the
JPYINR 66.1700 yen on Friday, with traders citing month-end demand
to buy euros from Japanese importers. The euro rose to
107.55 yen on EBS trading platform, its highest since
late April.
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PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
NAME CHANGE
DAILY MARKET STATISTICS (As on 30THNovember 2012)
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
Symbol Series/Expiry Unit Open High Low Close Prev. Close
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
EUR-INR
GUR 27-Dec-2012
7/19/2012 1188 EUR 1188 71.3425
1 1178 73.5000 1178 70.9725
1183.570.8475 -5.5 71.4575
-0.46
EUR-INR
JEERA 29-Jan-2013
7/19/2012 1
14955EUR 1496071.3975
14650 71.9900
15052.571.0650
14800 71.1550
-252.5 71.6550
-1.68
GBP-INR
KAPAS 27-Dec-2012
7/19/2012 1044 GBP 1053 88.0050
1 1035 88.1100 1041 87.5400
1049 87.4600 -8 88.1475
-0.76
GBP-INR
PEPPER 29-Jan-2013
7/19/2012 42300GBP 4255588.0350
1 42250 88.3000 42435 87.8325
42390 87.7500 45 88.4600
0.11
JPY-INR
REF SOYA 27-Dec-2012
7/19/2012 780.5 JPY 783.6 66.6000
100 777.4 66.6950 781.3 66.0550
782.8566.0000 -1.55 67.0725
-0.2
JPY-INR
SOY BEAN 29-Jan-2013
7/19/2012 4309 JPY 4330 67.0000
100 4265.5 67.0000 4315 66.3000
4303 66.2450 12 67.2325
0.28
USD-INR
TURMERIC 27-Dec-2012
7/19/2012 4600 USD 4676 54.8950
1 4518 55.0600 4540 54.6075
4664 54.5650 -124 55.1000
-2.66
USD-INR
WHEAT 7/19/2012
29-Jan-2013 1251 USD 1282 55.0050
1 1246 54.8200
1251 55.2075 1282 54.8575
36 2.89
55.3525
USD-INR 26-Feb-2013 1 USD 55.2500 55.4300 55.0500 55.0900 55.5750
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WEEKLY USD/INR CHART
ANALYSIS
OPEN: 55.2500
HIGH: 55.4000
LOW: 54.8100
CLOSE: 55.2600
USD/INR LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: SELL ON RISE
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WEEKLY EUR/INR CHART
ANALYSIS
OPEN: 70.4700
HIGH: 71.1700
LOW: 70.1000
CLOSE: 71.1300
EUR/INR LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: SELL ON RISE
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FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
MONDAY 3:00 pm GBP Manufacturing PMI 48.1 47.5
MONDAY 8:30pm USD ISM Manufacturing PMI 51.5 51.7
TUESDAY 1:30pm EUR Spanish Unemployment Change 128.2K
WEDNESDAY 6:45pm USD ADP Non-Farm Employment 127K 158K
Change
WEDNESDAY 8:30pm USD ISM Non-Manufacturing PMI 53.8 54.2
THURSDAY 7:00pm EUR ECB Press Conference
THURSDAY 7:00pm USD Unemployment Claims 381K 393K
FRIDAY 3:30pm EUR ECB President Draghi Speaks
FRIDAY 7:00pm USD Unemployment Rate 7.9% 7.9%
FRIDAY 8:25pm USD Prelim UoM Consumer Sentiment 82.1 82.7
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