DAILY FOREX REPORT BY EPIC RESEARCH-29 January 2013 by epicreserach6

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                    DAILY FOREX REPORT

                     29TH JANUARY 2013




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                        HEADLINES
                        Rupee posts biggest fall in 3 weeks a day ahead
                        of policy

                        Rupee weakened on Monday, posting its biggest single-
                        day fall in three weeks, on the back of heavy dollar buying
                        by oil firms and other importers looking to meet month-
                        end demand, while weak regional sentiment added to the
                        downside. Almost all Asian currencies weakened against
                        the dollar while global equities saw some consolidation
                        after recent gains as investors awaited confirmation that
                        the financial market conditions and the outlook for the
                        euro area have improved. Some caution also prevailed
                        ahead of the Reserve Bank of India policy review on
 TRADING TIPS          Tuesday, when the central bank is widely expected to cut
                        interest rates by 25 basis points, its first cut in the key
 BUY USD/INR
                        lending rate since April 2012.In its macro-economic
  ABOVE 54.00           report, released close to the market closing time, the
  FOR TGT               central bank said a sustained commitment to contain
  54.15/54.30           fiscal and current account deficits was needed to create
  SL 53.80              room for monetary easing.

  PAST
                                     REFERENCE RATE
  PERFORMANCE
 BUY USD/INR                        As on 28th January 2013

  ABOVE 53.70
                                 UNDERLYING                RATE
  FOR TGT                           USDINR                53.8905
  53.82/53.94
                                    EURINR                72.5070
  SL 53.50
                                    GBPINR                84.9260
  UNEXECUTED
                                    JPYINR                59.2900




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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            71.5000      71.8450     71.3450     71.5750      71.5325
 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            71.8450      72.1000     71.6300     71.8350      71.8075

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800    -252.5        -1.68
 GBPINR     29-Jan-2013        1 GBP            85.0875      85.3275     84.9100     85.0175      85.0425
 KAPAS      7/19/2012       1044        1053        1035         1049      1041       -8          -0.76


 GBPINR
 PEPPER      26-Feb-2013 42300 GBP 4255585.4500
            7/19/2012        1               42250 85.6500
                                                       42390             85.2450
                                                                           42435     85.3175
                                                                                      45          85.3850
                                                                                                  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           60.2000      60.5150     59.8850     59.9575      60.7300

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

 JPYINR     26-Feb-2013       100 JPY           60.6525      60.7900     60.1900     60.2225      61.0100
TURMERIC    7/19/2012       4600        4676        4518         4664      4540      -124         -2.66


 USDINR
 WHEAT       29-Jan-2013
            7/19/2012          1USD 1282 53.6600
                                              1251 53.8925
                            1251                       1246              53.5900
                                                                            1282     53.6950
                                                                                      36          53.6400
                                                                                                  2.89



 USDINR     26-Feb-2013        1 USD            53.9650      54.1200     53.8225     53.9275      53.8850



 USDINR     27-Mar-2013        1 USD            54.2275      54.3900     54.1075     54.2000      54.1700




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                               DAILY USD/INR CHART




ANALYSIS
OPEN: 53.8250
HIGH: 53.9625
LOW: 53.7725
CLOSE: 53.9425

    USD/INR LOOKS SIDEWAYS
    TREND: CONSOLIDATED

    STRATEGY: BUY ON DIPS




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                              DAILY EUR/INR CHART




ANALYSIS
OPEN: 72.3025
HIGH: 72.6150
LOW: 72.3025
CLOSE: 72.5450

    EUR/INR LOOKS SIDEWAYS
    TREND: CONSLODATED
    STRATEGY: BUY ON DIPS




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                              FOREX FORTHCOMING DATA
    TIME               CURRENCY                            DATA                    ACTUAL          FORECAST           PREVIOUS
 12:30pm                   EUR                 GfK German Consumer                                      5.8                 5.6
                                                      Climate
 12:30pm                   EUR                 German Import Prices                                   -0.1%               -0.2%
                                                       m/m

  7:30pm                    USD                S&P/CS Composite-20                                     5.7%               4.3%
                                                     HPI y/y

  8:30pm                    USD              CB Consumer Confidence                                    64.5                65.1

  9:00pm                    USD                 Crude Oil Inventories                                 -1.6M               -1.0M


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