S
DAILY FOREX REPORT 11TH JANUARY 2013
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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
TRADING TIPS SELL USD/INR BELOW 54.78 FOR TGT 54.63/54.48 SL 54.98 PAST PERFORMANCE SELL USD/INR BELOW 55.00 FOR TGT 54.85/54.70 SL 55.20 TARGET ACHIEVED
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percent. Dollar edges up ahead of ECB and BoE meetings The dollar firmed slightly Wednesday as the US corporate earnings season got off to a positive start and investors awaited the next day's European and British central bank monetary policy meetings. The euro bought $1.3061 around 2200 GMT, down from $1.3079 at the same time Tuesday. The dollar climbed to 87.86 yen from 86.97 yen late on Tuesday, and rose against the Swiss currency, to 0.9250 francs from 0.9241 francs.
REFERENCE RATE As on 10THJanuary 2013 UNDERLYING
RATE
USDINR
54.6305
EURINR
71.3235
GBPINR
87.5017
JPYINR
61.9900
+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
71.9000
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
71.9750
14650
88.0200 1053
High 4560
71.9000
5120
1183.5
72.1000
15052.5
88.0200
LTP
Low 4532
71.5050 5018 1178
71.7700 14800
87.7100
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Feb-2013 42300 1 GBP 4255588.3425 7/19/2012 42250 88.3425 42390
88.0425 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
62.6300
4265.5
62.6850 4518
4303
62.6850
781.3
62.1100 4315
62.3750
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 29-Jan-2013
12511USD 1282 54.9800 1251 54.9850 1246
USDINR
26-Feb-2013
1 USD
55.2275
USDINR
27-Mar-2013
1 USD
55.4850
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4676
782.85
62.6300
CHG
Close -28
71.7650
PERCENTAGE CHANGE
Prev. Close -0.61
71.8375
-102
-1.99
-5.5
-0.46
-252.5
-1.68
72.0250
87.9300 -8
72.0925
88.2750 -0.76
88.2550 45
88.6025 0.11
-1.55
-0.2
12
0.28
62.2000
62.4250
62.9000
63.1050
-124
-2.66
54.7450 1282
54.7825 36
2.89 55.0175
55.2325
55.0075
55.0350
55.2700
55.4925
55.2800
55.3025
55.5200
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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
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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
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
ACTUAL
FORECAST
PREVIOUS
1:15pm
EUR
Tentative
EUR
French Gov Budget Balance 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
-94.6B
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