DAILY-FOREX-REPORT BY EPIC RESEARCH 4 FEB 2013 by SurbhiJain13

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                    DAILY FOREX REPORT

                      4TH FEBRUARY 2013




    WWW.EPICRESEARCH.CO                   +919752199966
                        HEADLINES
                        Rupee weaker on short-covering, weak shares

                        The rupee continued to trade weaker at 53.28/29 versus
                        its Thursday's close of 53.2150/2250 as investors covered
                        their short-dollar positions. The pair had rose to a three-
                        and-a-half month high of 53.07 on Thursday. Losses in
                        most other Asian currencies have also hurt the sentiment.
                        South Korea's threat to impose a broad tax on financial
                        transactions is the first sign of deepening concern in Asia
                        that speculation of competitive currency devaluations is
                        prompting investors to head for the exit. Domestic shares
                        are trading down 0.3 per cent, sending the rupee further
                        down but hopes for inflows towards Oil India's stake sale
 TRADING TIPS          is keeping the losses in check.

 SELL USD/INR                        REFERENCE RATE
  BELOW 53.44
                                      As on 1ST february 2013
  FOR TGT
  53.29/53.14                    UNDERLYING                RATE
  SL 53.64                          USDINR                53.3238
  PAST                              EURINR                72.6296
  PERFORMANCE
                                    GBPINR                84.5982
 SELL USD/INR
                                    JPYINR                57.8500
  BELOW 53.39
  FOR TGT
  53.24/53.09
  SL 53.59
  UNEXECUTED



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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     26-Feb-2013        1 EUR            72.6050      72.9950     72.6050     72.8775      72.2775
 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     27-Mar-2013        1 EUR            72.9475      73.2550     72.9400     73.1375      72.5550

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800    -252.5        -1.68
 GBPINR     26-Feb-2013        1 GBP            84.3500      85.0225     84.2500     84.4975      84.2750
 KAPAS      7/19/2012       1044        1053        1035         1049      1041       -8          -0.76


 GBPINR
 PEPPER     27-Mar-2013 42300 GBP 4255584.9875
            7/19/2012       1               42250 85.3125
                                                      42390              84.7000
                                                                           42435     84.7825
                                                                                      45          84.5800
                                                                                                  0.11


REF SOYA    7/19/2012       780.5       783.6       777.4       782.85     781.3     -1.55        -0.2
 JPYINR     26-Feb-2013       100 JPY           58.3850      58.4375     57.9550     58.0825      58.7175

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

 JPYINR     27-Mar-2013       100 JPY           58.5800      58.7000     58.2150     58.3350      58.9875
TURMERIC    7/19/2012       4600        4676        4518         4664      4540      -124         -2.66


 USDINR
 WHEAT       26-Feb-2013
            7/19/2012          1USD 1282 53.4475
                                              1251 53.6125
                            1251                       1246              53.3825
                                                                            1282     53.4400
                                                                                      36          53.3925
                                                                                                  2.89



 USDINR     27-Mar-2013        1 USD            53.7050      53.8775     53.6450     53.7050      53.6575



 USDINR     26-Apr-2013        1 USD            54.0000      54.1500     53.9300     53.9850      53.9450




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                               DAILY USD/INR CHART




ANALYSIS
OPEN: 53.4150
HIGH: 53.6125
LOW: 53.3825
CLOSE: 53.4400

    USD/INR LOOKS DOWNWARDS
    TREND: BEARISH

    STRATEGY: SELL ON RISE




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                              DAILY EUR/INR CHART




ANALYSIS
OPEN: 72.6050
HIGH: 72.9950
LOW: 72.6050
CLOSE: 72.8775

    EUR/INR LOOKS UPWARDS
    TREND: BULLISH
    STRATEGY: BUY ON DIPS




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                              FOREX FORTHCOMING DATA
    TIME               CURRENCY                            DATA                    ACTUAL          FORECAST           PREVIOUS
  1:30pm                    EUR              Spanish Unemployment                                                        -59.1K
                                                      Change
  3:00pm                    EUR             Sentix Investor Confidence                                                     -7.0


  3:30pm                    EUR                         PPI m/m                                                           -0.2%

  8:30pm                    USD                  Factory Orders m/m                                                       0.0%

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


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