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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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