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DAILY FOREX REPORT BY EPIC RESEARCH- 9 JANUARY 2013

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DAILY FOREX REPORT BY EPIC RESEARCH- 9 JANUARY 2013 Powered By Docstoc
					                DAILY FOREX REPORT

                  9TH JANUARY 2013




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                        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




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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            72.4725      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




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                               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




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                              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




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                              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


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          www.epicresearch.co                                                                       +919752199966

				
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