DAILY-FOREX-REPORT BY EPIC REESARCH 18 JAN 2013

S

DAILY FOREX REPORT 18TH JANUARY 2013

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 HEADLINES Rupee hits 1-month high on diesel price action The rupee is at 54.25/26 after dropping to a more than one-month low of 54.2250, its highest since December 13 and stronger compared to its previous close of 54.69/70.

State-run oil marketing companies can now raise diesel prices in line with increases in global crude oil prices, Oil Minister Veerappa Moily said on Thursday, a move that could help the government reduce its vast subsidy bill.

Traders said the move would also help contain the government's wide fiscal deficit, which is a positive for the rupee. The euro rose to a 9-1/2 month high against the

 TRADING TIPS  SELL EUR/INR BELOW 72.64 FOR TGT 72.49/72.34 SL 72.84 PAST PERFORMANCE  BUY USD/INR ABOVE 54.85 FOR TGT 55.00/55.15 SL 54.65 SL TRIGGERED

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sterling on Thursday as worries about the poor UK economic outlook contrasted with better sentiment towards the single currency.

Rupee gains against dollar in late morning trade In line with equity market, the rupee recovered by three paise to quote 54.66 against the American currency in late morning trade today on renewed selling of dollars by banks and exporters amid sustained foreign capital inflows.

REFERENCE RATE As on 17THJanuary 2013 UNDERLYING

RATE

USDINR

54.8260

EURINR

72.8285

GBPINR

87.9902

JPYINR

62.2000

+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

72.8900

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

73.1100

14650

87.7825 1053

High 4560

72.9300

5120

1183.5

73.1200

15052.5

87.7825

LTP

Low 4532

72.4050 5018 1178

72.6975 14800

86.9000

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Feb-2013 42300 1 GBP 4255588.0300 7/19/2012 42250 88.0300 42390

87.2475 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

62.1250

4265.5

62.3200 4518

4303

62.5125

781.3

60.8250 4315

61.1200

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 29-Jan-2013

12511USD 1282 54.9325 1251 54.9325 1246

USDINR

26-Feb-2013

1 USD

55.0800

USDINR

27-Mar-2013

1 USD

55.3650

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4676

782.85

62.2800

CHG

Close -28

72.6475

PERCENTAGE CHANGE

Prev. Close -0.61

73.0450

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.9300

87.1100 -8

73.3450

87.9875 -0.76

87.4275 45

88.3050 0.11

-1.55

-0.2

12

0.28

60.9475

61.2275

62.1900

62.4425

-124

-2.66

54.2700 1282

54.3875 36

2.89 54.8550

55.1400

54.5325

54.6525

55.0975

55.4100

54.8250

54.9425

55.3650

+919752199966

DAILY USD/INR CHART

ANALYSIS OPEN: 54.9325 HIGH: 54.9325 LOW: 54.2700 CLOSE: 54.3875

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.8100 HIGH: 72.9300 LOW: 72.4050 CLOSE: 72.6475

 EUR/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

10:00am

JPY

3:00pm

GBP

8:25pm

ACTUAL

FORECAST

PREVIOUS

Revised Industrial Production m/m Retail Sales m/m

-1.7%

-1.7%

0.2%

0.0%

USD

Prelim UoM Consumer Sentiment

75.1

72.9

8:25pm

USD

Prelim UoM Inflation Expectations

9:30pm

USD

Crude Oil Inventories

3.2% -1.6M

-1.0M

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