Get documents about "DAILY FOREX REPORT BY EPIC RESEARCH- 10 JANUARY 2013
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DAILY FOREX REPORT
10TH JANUARY 2013
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HEADLINES
Rupee up on corporate US dollar sales
Rupee trades higher at 54.88/89 versus previous close of
54.99/55.00 as dollar demand from oil firms gets offset by
some corporate dollar sales. Traders say a large
petrochemical company sold dollars in the market,
pushing the pair slightly lower but the flows were not too
large to help sustain the downside. The pair has so far
moved in a tight range of 54.85 to 55.0750 but traders
expect it to move higher on the back of oil demand later in
the session. Shares currently trading largely flat.
Rupee likely to gain; macroeconomic concerns
weigh
TRADING TIPS
Rupee is likely to open marginally higher, tracking gains
SELL USD/INR in Asian shares, FX, says a dealer. The USD/INR pair last
BELOW 55.00 closed at 54.99/00.Most Asian currencies trading with
FOR TGT gains. Macroeconomic concerns continue to weigh on
54.85/54.70 rupee as evidenced by the reaction to Fitch's renewed
ratings warning on Tuesday. Euro flat against dollar from
SL 55.20
late U.S. levels, but yen continued to gain vs USD.
PAST
PERFORMANCE REFERENCE RATE
SELL USD/INR As on 9THJanuary 2013
BELOW 55.22
FOR TGT UNDERLYING RATE
55.07/54.92 USDINR 54.9625
SL 55.42 EURINR 71.9235
TARGET ACHIEVED GBPINR 88.2286
JPYINR 62.8600
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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 72.3350 72.3350 71.7050 71.8375 72.4125
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 72.4000 72.4675 72.0400 72.0925 72.6375
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
GBPINR 29-Jan-2013 1 GBP 88.6100 88.6100 88.1800 88.2750 88.7675
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
GBPINR
PEPPER 26-Feb-2013 42300 GBP 4255588.7950
7/19/2012 1 42250 88.8500
42390 88.5000
42435 88.6025
45 89.0550
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 63.1850 63.2575 62.6875 62.9000 63.1800
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
JPYINR 26-Feb-2013 100 JPY 63.4100 63.4575 62.9350 63.1050 63.4000
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
USDINR
WHEAT 29-Jan-2013
7/19/2012 1USD 1282 55.1525
1251 55.2600
1251 1246 54.9350
1282 55.0175
36 55.2250
2.89
USDINR 26-Feb-2013 1 USD 55.4225 55.5050 55.1975 55.2700 55.4725
USDINR 27-Mar-2013 1 USD 55.7075 55.7650 55.4600 55.5200 55.7150
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DAILY USD/INR CHART
ANALYSIS
OPEN: 55.1700
HIGH: 55.2600
LOW: 54.9375
CLOSE: 55.0175
USD/INR LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.2300
HIGH: 72.2300
LOW: 71.7700
CLOSE: 71.8375
EUR/INR LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
1:15pm EUR French CPI m/m 0.4% -0.2%
6:15pm EUR Minimum Bid Rate 0.75% 0.75%
7:00pm USD Unemployment Claims 361K 372K
11:40pm USD FOMC Member George
Speaks
9:30pm USD Crude Oil Inventories -1.6M -1.0M
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