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DAILY FOREX REPORT BY EPIC RESEARCH- 31 DECEMBER 2012

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DAILY FOREX REPORT BY EPIC RESEARCH- 31 DECEMBER 2012 Powered By Docstoc
					                DAILY FOREX REPORT
                31ST DECEMBER 2012




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                        HEADLINES
                        Rupee up against dollar; stocks support

                        The rupee is still trading with gains amid thin volumes.
                        The pair is at 54.84/86 versus 54.93/94 at Thursday close.
                        The pair has traded in a 54.765-54.975 band. Positive local
                        stocks are supporting the Indian rupee, up 0.5 per cent.
                        However, oil bids are keeping losses in check. Dealers are
                        closely watching "fiscal cliff" drama with President Barack
                        Obama slated to meet Republican and Democrat
                        Congressional leaders later on Friday. The country's July-
                        Sept current account deficit will be watched on Monday,
                        with the gap likely to hit a record high.

                        Rupee up 3 paise vs dollar in late morning trade

                        The rupee inched up by three paise to 54.91 against the
 TRADING TIPS          American currency in late morning trade today on mild

 SELL USD/INR          selling of dollars from banks despite its higher value
                        overseas. The Indian rupee resumed higher at 54.87 per
  BELOW 55.10
                        dollar as against the last closing level of 54.94 at the
  FOR TGT               Interbank Foreign Exchange ( Forex) Market. It moved in
  54.95/54.80           a narrow range of 54.86 and 54.97 per dollar before
  SL 55.25              quoting 54.91 at 1050 hrs.
 PAST
  PERFORMANCE
 SELL USD/INR                          REFERENCE RATE
  BELOW 54.83
                                      As on 28TH December 2012
  FOR TGT
  54.68/54.53                     UNDERLYING                 RATE
  SL 54.98                          USDINR                  54.8473
  UNEXECUTED                        EURINR                  72.6298

                                    GBPINR                  88.3974

                                     JPYINR                 63.4600




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                               DAILY MARKET STATISTICS

PRODUCT     EXP DATE        OPEN        HIGH        LOW         CLOSE       LTP      CHG       PERCENTAGE
 NAME                                                                                            CHANGE

 Symbol     Series/Expiry       Unit             Open         High        Low         Close      Prev. Close
 CHANA      7/19/2012       4556        4573        4525         4560      4532      -28          -0.61

 EURINR     29-Jan-2013        1 EUR            73.1000      73.1700     72.5100     72.5425      73.1800
 CHILLI     7/19/2012       5060        5060        5018         5120      5018      -102         -1.99


  GUR       7/19/2012       1188        1188        1178        1183.5     1178      -5.5         -0.46
 EURINR     26-Feb-2013        1 EUR            73.2100      73.2400     72.7400     72.7775      73.4325

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800    -252.5        -1.68
 GBPINR     29-Jan-2013        1 GBP            88.9025      88.9725     88.6000     88.7025      89.3650
 KAPAS      7/19/2012       1044        1053        1035         1049      1041       -8          -0.76


 GBPINR
 PEPPER      26-Feb-2013 42300 GBP 4255589.1500
            7/19/2012        1               42250 89.2075
                                                       42390             88.9000
                                                                           42435     89.0025
                                                                                      45          89.6325
                                                                                                  0.11


REF SOYA    7/19/2012       780.5       783.6       777.4       782.85     781.3     -1.55        -0.2
 JPYINR     29-Jan-2013       100 JPY           63.9475      64.1975     63.6700     63.8850      64.4025

SOY BEAN    7/19/2012       4309        4330        4265.5       4303      4315       12          0.28

 JPYINR     26-Feb-2013       100 JPY           64.1750      64.4075     63.8825     64.0950      64.6025
TURMERIC    7/19/2012       4600        4676        4518         4664      4540      -124         -2.66


 USDINR
 WHEAT       29-Jan-2013
            7/19/2012          1USD 1282 55.2050
                                              1251 55.2050
                            1251                       1246              55.0200
                                                                            1282     55.1100
                                                                                      36          55.2325
                                                                                                  2.89



 USDINR     26-Feb-2013        1 USD            55.3400      55.4400     55.2675     55.3525      55.4750



 USDINR     27-Mar-2013        1 USD            55.6800      55.6800     55.5225     55.6075      55.7175




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                               DAILY USD/INR CHART




ANALYSIS
OPEN: 55.1625
HIGH: 55.2000
LOW: 55.0200
CLOSE: 55.1100

    USD/INR LOOKS DOWNWARDS
    TREND: BEARISH

    STRATEGY: SELL ON RISE




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                              DAILY EUR/INR CHART




ANALYSIS
OPEN: 73.0525
HIGH: 73.1000
LOW: 72.5100
CLOSE: 72.5425

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




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                              FOREX FORTHCOMING DATA
    TIME                CURRENCY                           DATA                    ACTUAL          FORECAST           PREVIOUS
   6:00am                   AUD              Private Sector Credit m/m                                                     0.1%

   7:15am                   CNY                     HSBC Final                                                             50.9
                                                 Manufacturing PMI

   31st-4th                 GBP                 Nationwide HPI m/m                                     0.1%               0.0%

   3:00pm                   GBP                     Housing Equity                                                        -9.8B
                                                    Withdrawal q/q

   9:30pm                   USD                 Crude Oil Inventories                                  -1.6M              -1.0M


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          www.epicresearch.co                                                                       +919752199966

				
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