DAILY-FOREX-REPORT BY EPIC RESEARCH 11 JAN 2013

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DAILY-FOREX-REPORT  BY EPIC RESEARCH 11 JAN 2013 Powered By Docstoc
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                    DAILY FOREX REPORT

                     11TH JANUARY 2013




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                        HEADLINES
                        Rupee higher on strong China trade data

                        The rupee rises after opening flat, at 54.62/64 versus last
                        close at 54.75/76."There is a small bout of selling that has
                        come in after the good China data," says foreign bank
                        dealer. China’s exports in December grew 14.1 percent
                        from a year earlier to hit a seven-month peak, data
                        showed on Thursday, while analysts polled by Reuters
                        expected annual growth of 4 percent. Imports grew 6
                        percent. Gold buying slows as prices move sideways The
                        government's move to mend public finances is also
                        positive for the rupee. Local shares open strong, up 0.53
                        percent.
 TRADING TIPS
                        Dollar edges up ahead of ECB and BoE meetings
 SELL USD/INR          The dollar firmed slightly Wednesday as the US corporate
  BELOW 54.78           earnings season got off to a positive start and investors
  FOR TGT               awaited the next day's European and British central bank

  54.63/54.48           monetary policy meetings. The euro bought $1.3061
                        around 2200 GMT, down from $1.3079 at the same time
  SL 54.98
                        Tuesday. The dollar climbed to 87.86 yen from 86.97 yen
 PAST
                        late on Tuesday, and rose against the Swiss currency, to
  PERFORMANCE           0.9250 francs from 0.9241 francs.
 SELL USD/INR
  BELOW 55.00                         REFERENCE RATE
  FOR TGT                             As on 10THJanuary 2013
  54.85/54.70
                                   UNDERLYING                RATE
  SL 55.20
                                    USDINR                  54.6305
  TARGET ACHIEVED
                                    EURINR                  71.3235

                                    GBPINR                  87.5017

                                     JPYINR                 61.9900




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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            71.9000      71.9000     71.5050     71.7650      71.8375
 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            71.9750      72.1000     71.7700     72.0250      72.0925

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800    -252.5        -1.68
 GBPINR     29-Jan-2013        1 GBP            88.0200      88.0200     87.7100     87.9300      88.2750
 KAPAS      7/19/2012       1044        1053        1035         1049      1041       -8          -0.76


 GBPINR
 PEPPER      26-Feb-2013 42300 GBP 4255588.3425
            7/19/2012        1               42250 88.3425
                                                       42390             88.0425
                                                                           42435     88.2550
                                                                                      45          88.6025
                                                                                                  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           62.6300      62.6300     62.1100     62.2000      62.9000

SOY BEAN    7/19/2012       4309        4330        4265.5       4303      4315       12          0.28

 JPYINR     26-Feb-2013       100 JPY           62.6850      62.6850     62.3750     62.4250      63.1050
TURMERIC    7/19/2012       4600        4676        4518         4664      4540      -124         -2.66


 USDINR
 WHEAT       29-Jan-2013
            7/19/2012          1USD 1282 54.9800
                                              1251 54.9850
                            1251                       1246              54.7450
                                                                            1282     54.7825
                                                                                      36          55.0175
                                                                                                  2.89



 USDINR     26-Feb-2013        1 USD            55.2275      55.2325     55.0075     55.0350      55.2700



 USDINR     27-Mar-2013        1 USD            55.4850      55.4925     55.2800     55.3025      55.5200




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                               DAILY USD/INR CHART




ANALYSIS
OPEN: 54.9800
HIGH: 54.9850
LOW: 54.7500
CLOSE: 54.7825

    USD/INR LOOKS DOWNWARDS
    TREND: BEARISH

    STRATEGY: SELL ON RISE




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                              DAILY EUR/INR CHART




ANALYSIS
OPEN: 71.9000
HIGH: 71.9000
LOW: 71.5050
CLOSE: 71.7650

    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 Gov Budget                                                       -94.6B
                                                       Balance
  Tentative                 EUR              Italian 10-y Bond Auction


   7:00pm                   USD                      Trade Balance                                    -41.1B             -42.2B

   7:00pm                   USD                  Import Prices m/m                                     0.1%               -0.9%

   9:30pm                   USD                 Crude Oil Inventories                                 -1.6M               -1.0M


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          www.epicresearch.co                                                                       +919752199966

				
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