WEEKLY FOREX REPORT BY EPIC RESEARCH- 07-JAN-2013
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WEEKLY FOREX REPORT 7th JANUARY 2012 WWW.EPICRESEARCH.CO +919752199966 HEADLINES Race for weakness to see euro, sterling gain in 2013 The yen and dollar face a tough 2013 as the Japanese and U.S. central banks print money furiously to stimulate their economies, making the euro and sterling unlikely relative winners despite Europe's gloomy prospects.With a global economic recovery looking shaky, analysts say the major central banks will be happy to see their currencies weaken this year if it helps their exporters to become more internationally competitive. RBI REFERENCE RATE Pound retreats after weak services PMI as dollar gains As on 4THJANUARY 2012 Sterling fell to its lowest in more than three weeks against the dollar on Friday after weak UK services data and as the dollar rose broadly after some U.S. UNDERLYING RATE policymakers called for monetary stimulus to be USDINR 54.8458 slowed.Britain's dominant service sector shrank for the first time in two years in December, a purchasing EURINR 71.5405 managers' survey showed, suggesting the economy may GBPINR 88.1646 have contracted in the fourth quarter of 2012 following JPYINR 62.5000 a third quarter rebound. Forex reserves up by $39.4 million to $296.58 billion The country's forex reserves increased by $ 39.6 million to $ 296.578 billion on the back of rise in currency assets during the week ended December 28, the Reserve Bank said today. www.epicresearch.co +919752199966 PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS (As on 4thJANUARY 2012) CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Symbol Series/Expiry CHILLI 7/19/2012 5060Unit 5060 Open5018 High 5120 Low 5018 Close -102 Prev. Close -1.99 EUR-INR GUR 29-Jan-2013 7/19/2012 1188 EUR 1188 71.6500 1 1178 72.0425 1178 71.9600 1183.571.5700 -5.5 71.7075 -0.46 EUR-INR JEERA 26-Feb-2013 7/19/2012 1 14955EUR 1496071.8400 14650 72.2775 15052.571.8125 14800 72.1825 -252.5 71.9600 -1.68 GBP-INR KAPAS 29-Jan-2013 7/19/2012 1044 GBP 1053 88.6000 1 1035 88.6950 1041 88.5950 1049 88.2125 -8 88.4875 -0.76 GBP-INR PEPPER 1 26-Feb-2013 42300GBP 4255588.5700 7/19/2012 42390 88.5125 42250 88.9700 42435 88.8575 45 88.7475 0.11 JPY-INR REF SOYA 29-Jan-2013 7/19/2012 780.5 JPY 783.6 62.7325 100 777.4 62.8350 781.3 62.7100 782.8562.5125 -1.55 62.9725 -0.2 JPY-INR SOY BEAN 26-Feb-2013 7/19/2012 4309 JPY 4330 62.9050 100 4265.5 63.0575 4315 62.9050 4303 62.7525 12 63.1525 0.28 USD-INR TURMERIC 29-Jan-2013 7/19/2012 4600 USD 4676 54.8300 1 4518 55.3900 4540 55.3325 4664 54.8300 -124 54.7300 -2.66 USD-INR WHEAT 7/19/2012 26-Feb-2013 1251 USD 1282 55.1600 1 1246 55.1600 1251 55.6325 1282 55.5800 36 2.89 54.9675 USD-INR 27-Mar-2013 1 USD 55.3950 55.8700 55.3925 55.8275 55.2175 www.epicresearch.co +919752199966 WEEKLY USD/INR CHART ANALYSIS OPEN: 55.0000 HIGH: 55.3900 LOW: 54.4700 CLOSE: 55.3300 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966 WEEKLY EUR/INR CHART ANALYSIS OPEN: 72.6400 HIGH: 72.9900 LOW: 71.4500 CLOSE: 71.9600 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966 FOREX FORTHCOMING EVENTS DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS THURSDAY 7:00 am GBP Asset Purchase Facility 375B 375B THURSDAY 7:00 am GBP Official Bank Rate 0.50% 0.50% THURSDAY Tentative GBP MPC Rate Statement THURSDAY 7:45am EUR Minimum Bid Rate 0.75% 0.75% THURSDAY 8:30am EUR ECB Press Conference THURSDAY 8:30am USD Unemployment Claims 361K 372K FRIDAY 4:30 am USD Manufacturing Production m/m 0.6% -1.3% FRIDAY 8:30am USD Trade Balance -41.1B -42.2B Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. 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