DAILY-FOREX-REPORT BY EPIC RESEARCH 11 JAN 2013
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S DAILY FOREX REPORT 11TH JANUARY 2013 WWW.EPICRESEARCH.CO +919752199966 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 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 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 www.epicresearch.co +919752199966 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 www.epicresearch.co +919752199966 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 www.epicresearch.co +919752199966 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 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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