DAILY FOREX REPORT BY EPIC RESEARCH- 9 JANUARY 2013
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DAILY FOREX REPORT 9TH JANUARY 2013 WWW.EPICRESEARCH.CO +919752199966 HEADLINES Rupee declines by 7 paise vs. dollar in late morning trade The rupee today slipped by seven paise to 55.30 in the late morning trade due to renewed dollar demand from banks and importers amid lower equities. Earlier the rupee resumed higher at 55.15 per dollar as against the last closing level of 55.23 per dollar at the Interbank Foreign Exchange (Forex) Market, but later hovered in a range of 55.3250 per dollar and 55.05 per dollar before quoting at 55.30 per dollar at 1100 hrs.Forex dealers said bouts of heavy dollar demand from banks and oil importers amid lower equities attributed the rupee sentiment. In New TRADING TIPS York market, the dollar declined against the basket currencies late yesterday on trader cautiousness over next SELL USD/INR steps by the US Federal Reserve and European Central BELOW 55.22 Bank. FOR TGT 55.07/54.92 REFERENCE RATE SL 55.42 As on 8THJanuary 2013 PAST UNDERLYING RATE PERFORMANCE USDINR 55.3278 BUY USD/INR EURINR 72.5680 ABOVE 55.47 GBPINR 89.0501 FOR TGT JPYINR 63.3300 55.62/55.77 SL 55.32 SL TRIGGERED www.epicresearch.co +919752199966 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 72.4725 72.9275 72.3825 72.4125 72.3375 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 72.7000 73.1400 72.6225 72.6375 72.5650 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 89.0000 89.4850 88.7250 88.7675 89.0200 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255589.3100 7/19/2012 1 42250 89.7500 42390 89.0200 42435 89.0550 45 89.3000 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 63.2000 63.6800 63.0900 63.1800 63.1600 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 63.3075 63.8600 63.3075 63.4000 63.3525 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 55.3925 1251 55.6000 1251 1246 55.1950 1282 55.2250 36 55.4700 2.89 USDINR 26-Feb-2013 1 USD 55.6225 55.8375 55.4450 55.4725 55.7175 USDINR 27-Mar-2013 1 USD 55.8550 56.0750 55.7025 55.7150 55.9575 www.epicresearch.co +919752199966 DAILY USD/INR CHART ANALYSIS OPEN: 55.3725 HIGH: 55.5950 LOW: 55.1975 CLOSE: 55.2250 USD/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 DAILY EUR/INR CHART ANALYSIS OPEN: 72.4725 HIGH: 72.9275 LOW: 72.3825 CLOSE: 72.4125 EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966 FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 3:30pm EUR Final GDP q/q -0.1% -0.1% 4:30pm EUR German Industrial 1.1% -2.6% Production m/m 9:00pm USD Crude Oil Inventories -11.1M 11:30pm USD 10-y Bond Auction 1.65|3.0 9:30pm USD Crude Oil Inventories -1.6M -1.0M 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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