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DAILY FOREX REPORT BY EPIC RESEARCH- 02-JAN-2013

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DAILY FOREX REPORT BY EPIC RESEARCH- 02-JAN-2013 Powered By Docstoc
					                DAILY FOREX REPORT

                  2ND JANUARY 2013




WWW.EPICRESEARCH.CO                  +919752199966
                        HEADLINES
                        Rupee gains at open in 2013; U.S. 'fiscal cliff' deal
                        aids

                        The rupee rose in opening trade on Tuesday, boosted by a
                        deal to avert the U.S. "fiscal cliff", but gains were capped
                        by a surge in the country's current account deficit. At 9:06
                        a.m. (0336 GMT), the partially convertible rupee was at
                        54.82/83 per dollar versus its          previous close of
                        54.99/55.00.The      White    House    and    congressional
                        lawmakers have reached a deal to avoid the "fiscal cliff"
                        that would delay harsh spending cuts by two months,
                        Obama administration officials said on Monday. India's
                        current account deficit widened to a record high of 5.4
                        percent of GDP in the September quarter as export growth
                        slowed more sharply than imports, with a similar gap
 TRADING TIPS
                        expected in the December quarter likely to prolong

 SELL USD/INR          weakness in the rupee.

  BELOW 55.00           Rupee stabilises further against dollar, up 24

  FOR TGT               paise

  54.85/54.70           The Indian rupee stabilized further against the American
  SL 55.15              currency in the late morning trade by surging 24 paise to
 PAST                  54.75 per dollar on persistent selling of dollar by banks

  PERFORMANCE
                                        REFERENCE RATE
 BUY USD/INR
                                      As on 1ST January 2013
  ABOVE 55.20
  FOR TGT                        UNDERLYING                 RATE
  55.35/55.50                       USDINR                 54.8320
  SL 55.05                          EURINR                 72.4803
  UNEXECUTED
                                    GBPINR                 89.2254

                                    JPYINR                 63.2100




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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            72.6500      72.9900     72.6025     72.7175      72.7125
 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            73.0275      73.1500     72.8175     72.9375      72.9750

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800    -252.5        -1.68
 GBPINR     29-Jan-2013        1 GBP            89.1975      89.3600     88.9600     89.2825      89.0950
 KAPAS      7/19/2012       1044        1053        1035         1049      1041       -8          -0.76


 GBPINR
 PEPPER      26-Feb-2013 42300 GBP 4255589.2675
            7/19/2012        1               42250 89.6000
                                                       42390             89.2250
                                                                           42435     89.5325
                                                                                      45          89.3650
                                                                                                  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           63.5300      63.9325     63.5300     63.6700      64.0525

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

 JPYINR     26-Feb-2013       100 JPY           63.9675      64.1300     63.8700     63.8825      64.2550
TURMERIC    7/19/2012       4600        4676        4518         4664      4540      -124         -2.66


 USDINR
 WHEAT       29-Jan-2013
            7/19/2012          1USD 1282 55.0525
                                              1251 55.1650
                            1251                       1246              54.9150
                                                                            1282     55.0225
                                                                                      36          55.1500
                                                                                                  2.89



 USDINR     26-Feb-2013        1 USD            55.2150      55.4050     55.1625     55.2725      55.4025



 USDINR     27-Mar-2013        1 USD            55.4600      56.0675     55.4075     55.5250      55.6525




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                               DAILY USD/INR CHART




ANALYSIS
OPEN: 54.9475
HIGH: 55.1650
LOW: 54.9150
CLOSE: 55.0225

    USD/INR LOOKS SIDEWAYS
    TREND: CONSOLIDATED

    STRATEGY: SELL ON RISE




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                              DAILY EUR/INR CHART




ANALYSIS
OPEN: 72.7500
HIGH: 72.9900
LOW: 72.6025
CLOSE: 72.7175

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




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                              FOREX FORTHCOMING DATA
    TIME                CURRENCY                           DATA                    ACTUAL          FORECAST           PREVIOUS
   1:45pm                   EUR               Spanish Manufacturing                                     44.9               45.3
                                                       PMI
   2:15pm                   EUR             Italian Manufacturing PMI                                  45.4                45.1


   7:30pm                   USD              Final Manufacturing PMI                                   53.2                54.2

   8:30pm                   USD               ISM Manufacturing PMI                                    50.2                49.5

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


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          www.epicresearch.co                                                                       +919752199966

				
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