WEEKLY FOREX REPORT BY EPIC RESEARCH- 07-JAN-2013

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WEEKLY FOREX REPORT BY EPIC RESEARCH- 07-JAN-2013 Powered By Docstoc
					                      WEEKLY FOREX REPORT

                        7th JANUARY 2012




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                                 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.




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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




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                                   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




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                          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




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                                       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




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