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DAILY FOREX REPORT 3 RD JANUARY 2013 WWW.EPICRESEARCH.CO +919752199966

Daily forex-report by epic research 3 jan 2013

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Page 1: Daily forex-report by epic research 3 jan 2013

DAILY FOREX REPORT

3RD JANUARY 2013

WWW.EPICRESEARCH.CO +919752199966

Page 2: Daily forex-report by epic research 3 jan 2013

www.epicresearch.co +919752199966

HEADLINES

Rupee trims initial gains, still up 18 paise vs

dollar

The Rupee failed to maintain initial gains, but was still

quoted higher by 18 paise to 54.50 per dollar on bouts of

buying and selling transactions from banks and exporters.

The rupee resumed higher at 54.42 per dollar as against

the yesterday's closing level of 54.68 at the Interbank

Foreign Exchange ( Forex) Market and moved up further

to 54.31. However, it failed to maintain its initial gains and

dropped to 54.54 per dollar before quoting 54.50 at 1050

hrs on renewed demand for the US currency. The rupee

moved in a range of 54.31 and 54.54 per dollar during the

morning deals.Persistent foreign capital inflows into

equity market are still supporting the rupee sentiment

REFERENCE RATE

As on 2ND January 2013

UNDERLYING RATE

USDINR 54.3890

EURINR 72.1900

GBPINR 88.7574

JPYINR 62.3200

TRADING TIPS

SELL EUR/INR

BELOW 72.20

FOR TGT 72.05/71.90 SL 72.35

PAST

PERFORMANCE

SELL USD/INR

BELOW 55.00

FOR TGT 54.85/54.70 SL 55.15 UNEXECUTED

Page 3: Daily forex-report by epic research 3 jan 2013

PRODUCT NAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

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

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

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

TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

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DAILY MARKET STATISTICS

Symbol Series/Expiry Unit Open High Low Close Prev. Close

EURINR 29-Jan-2013 1 EUR 72.6000 72.6900 72.1600 72.2125 72.7175

EURINR 26-Feb-2013 1 EUR 72.8500 72.8925 72.4000 72.4425 72.9375

GBPINR 29-Jan-2013 1 GBP 89.0500 89.2900 88.7250 88.8275 89.2825

GBPINR 26-Feb-2013 1 GBP 89.3675 89.5100 89.0125 89.0600 89.5325

JPYINR 29-Jan-2013 100 JPY 63.0975 63.0975 62.0625 62.6775 63.6700

JPYINR 26-Feb-2013 100 JPY 63.7200 63.7200 62.7600 62.8675 63.8825

USDINR 29-Jan-2013 1USD 54.8800 54.8800 54.4725 54.5675 55.0225

USDINR 26-Feb-2013 1 USD 55.1025 55.1025 54.7300 54.8075 55.2725

USDINR 27-Mar-2013 1 USD 55.4000 55.4000 54.9800 55.0750 55.5250

Page 4: Daily forex-report by epic research 3 jan 2013

DAILY USD/INR CHART

ANALYSIS

OPEN: 54.7100

HIGH: 54.7650

LOW: 54.4725

CLOSE: 54.6575

USD/INR LOOKS DOWNWARDS

TREND: BEARISH

STRATEGY: SELL ON RISE

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Page 5: Daily forex-report by epic research 3 jan 2013

DAILY EUR/INR CHART

ANALYSIS

OPEN: 72.6000

HIGH: 72.6900

LOW: 72.1600

CLOSE: 72.2125

EUR/INR LOOKS DOWNWARDS

TREND: BEARISH

STRATEGY: SELL ON RISE

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Page 6: Daily forex-report by epic research 3 jan 2013

FOREX FORTHCOMING DATA

TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS

2:25pm EUR German Unemployment Change

11K 5K

3:00pm GBP Construction PMI 49.6 49.3

6:45pm USD ADP Non-Farm

Employment Change

134K 118K

7:00pm USD Unemployment Claims 356K 350K

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

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