WEEKLY FOREX REPORT BY EPIC RESEARCH- 3 DECEMBER 2012

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WEEKLY FOREX REPORT BY EPIC RESEARCH- 3 DECEMBER 2012 Powered By Docstoc
					                      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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