DAILY-FOREX-REPORT BY EPIC RESEARCH 01 JAN 2013

DAILY FOREX REPORT 1ST JANUARY 2013

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 HEADLINES Rupee

appreciates

as

custodian

banks

sell

dollars Rupee appreciated to 54.65/66 versus its previous close of 54.7550/7650 due to dollar selling by custodian banks, traders say. Despite stocks being down 0.15 per cent, custodian banks have been selling dollars since early trade, three dealers say, suggesting domestic funds are likely on the sell-side on the last day of 2012. Traders expect the pair to hold in a 54.55 to 55.90 range during the session, USD/INR wedged in thin band on last day of 2012 USD/INR continues to trade marginally higher at

 TRADING TIPS

54.78/79 versus its previous close of 54.7550/7660 as

 BUY USD/INR ABOVE 55.15 FOR TGT 55.30/55.45 SL 55.00  PAST PERFORMANCE  SELL USD/INR BELOW 55.10 FOR TGT 54.95 SL 55.25 TARGET ACHIEVED

offset by dollar sales by exporters. The pair has been

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mild dollar demand from oil refiners at month-end gets wedged in a narrow 54.75 to 54.81 band so far in the session. Trading is also dull on the last day of 2012 as most Asian and western European markets are either closed or will be closing early for the day. Traders to await resolution of the US fiscal cliff for near-term direction while domestically the September quarter current account deficit data due at 1130 GMT will be watched.

REFERENCE RATE As on 31ST December 2012 UNDERLYING

RATE

USDINR

54.7773

EURINR

72.2605

GBPINR

88.5092

JPYINR

63.6600

+919752199966

DAILY MARKET STATISTICS PRODUCT NAME

EXP DATE

Symbol

Series/Expiry

CHANA

7/19/2012

EURINR

OPEN

HIGH

LOW

Unit

Open

4556

29-Jan-2013

4573

1 EUR

4525

72.6400

CHILLI

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

EURINR

GBPINR

26-Feb-2013

1 EUR

29-Jan-2013

1 GBP 1044

5018 1178

72.9175

14650

88.8700 1053

High 4560

72.7950

5120

1183.5

73.0300

15052.5

89.2600

LTP

Low 4532

72.3750 5018 1178

72.5975 14800

88.5625

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Feb-2013 42300 1 GBP 4255589.1225 7/19/2012 42250 89.4975 42390

88.8375 42435

REF SOYA

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR

JPYINR TURMERIC

29-Jan-2013

26-Feb-2013

100 JPY

100 JPY

1035

CLOSE

777.4

64.0675

4265.5

64.2325 4518

4303

64.2800

781.3

63.8000 4315

64.0525

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 29-Jan-2013

12511USD 1282 55.0025 1251 55.2025 1246

USDINR

26-Feb-2013

1 USD

55.3000

USDINR

27-Mar-2013

1 USD

55.5675

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4676

782.85

64.1000

CHG

Close -28

72.7125

PERCENTAGE CHANGE

Prev. Close -0.61

72.5425

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.9750

89.0950 -8

72.7775

88.7025 -0.76

89.3650 45

89.0025 0.11

-1.55

-0.2

12

0.28

64.0525

64.2550

63.8850

64.0950

-124

-2.66

54.9300 1282

55.1500 36

2.89 55.1100

55.4475

55.1800

55.4025

55.3525

55.6800

55.4375

55.6525

55.6075

+919752199966

DAILY USD/INR CHART

ANALYSIS OPEN: 55.1100 HIGH: 55.2025 LOW: 54.9300 CLOSE: 55.1500

 USD/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED

 STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.7125 HIGH: 72.7900 LOW: 72.7125 CLOSE: 72.7125

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

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

All Day

EUR

German Bank Holiday

All Day

EUR

Italian Bank Holiday

All Day

GBP

Bank Holiday

All Day

USD

Bank Holiday

9:30pm

USD

Crude Oil Inventories

ACTUAL

FORECAST

PREVIOUS

-1.6M

-1.0M

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