DAILY FOREX REPORT BY EPIC RESEARCH- 14 March 2013

S

DAILY FOREX REPORT 14TH MARCH 2013

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 HEADLINES Rupee up 5 paise against dollar in late morning deals Surrendering most of its early gains, the rupee was quoting higher by 5 paise to 54.13 in late morning deals on dollar selling by banks and exporters amid persistent capital inflows from foreign funds. Weakness of dollar in the overseas market helped the local currency to appreciate, forex dealers said. The rupee resumed higher at 54.15 per dollar as against yesterday's closing level of 54.18 at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 54.03-54.20 before quoting at

 TRADING TIPS  SELL EUR/INR BELOW 70.87 FOR TGT 70.72/70.57 SL 71.07 PAST PERFORMANCE  SELL USD/INR BELOW 54.42 FOR TGT 54.27/54.12 SL 54.62 TARGET ACHIEVED www.epicresearch.co

54.13 per dollar at 1050 hrs. In the New York market, the dollar index ended a see-saw session with a slight loss yesterday, while the British pound tumbled after dismal UK industrial production figures underlined fears of a triple-dip recession.

REFERENCE RATE As on 13th March 2013 UNDERLYING

RATE

USDINR

54.1100

EURINR

70.5545

GBPINR

80.8376

JPYINR

56.5300

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DAILY MARKET STATISTICS PRODUCT NAME

EXP DATE

Symbol

Series/Expiry

CHANA

7/19/2012

EURINR

OPEN

HIGH

LOW

Unit

Open

4556

27-Mar-2013

4573

1 EUR

4525

71.0025

High 4560

71.0450

Low 4532

70.7325

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

GBPINR

27-Mar-2013

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Apr-2013 42300 1 GBP 4255581.8125 7/19/2012 42250 81.8275 42390

81.3150 42435

26-Apr-2013

1 EUR

1 GBP 1044

1053

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR TURMERIC

27-Mar-2013

26-Apr-2013 7/19/2012

100 JPY

100 JPY

1035

777.4

56.7500

4265.5

57.0000 4676

4518

1183.5

71.4475

15052.5

81.3450

782.85

57.1200

4303

57.4700

5018 1178

71.1550 14800

80.8125

781.3

56.3825 4315

56.7700

CHG

Close -28

70.7875

PERCENTAGE CHANGE

Prev. Close -0.61

70.9925

-102

-1.99

-5.5

-0.46

-252.5

-1.68

71.2025

80.9175 -8

71.4050

81.2775 -0.76

81.4100 45

81.7600 0.11

-1.55

-0.2

12

0.28

56.8650

57.1825 -124

56.9250

57.2600

4664

4540

WHEAT USDINR

7/19/2012 27-Mar-2013 12511USD 1282 54.5425 1251 54.5900 1246

54.3575 1282

54.4200 36

2.89 54.6225

USDINR

26-Apr-2013

1 USD

54.8725

54.9525

54.7325

54.7825

54.9900

USDINR

29-May-2013

1 USD

55.1500

55.2500

55.0450

55.0875

55.2775

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4600

14650

81.2875

REF SOYA

JPYINR

1178

71.3850

5120

LTP

CHILLI

EURINR

5018

CLOSE

-2.66

+919752199966

DAILY USD/INR CHART

ANALYSIS OPEN: 54.3700 HIGH: 54.5350 LOW: 54.2500 CLOSE: 54.5025

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 70.7875 LOW: 71.0450 HIGH: 70.7350 CLOSE: 70.8700

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

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

Day 1

EUR

EU Economic Summit

6:00pm

USD

6:00pm

ACTUAL

FORECAST

PREVIOUS

PPI m/m

0.7%

0.2%

USD

Unemployment Claims

352K

340K

6:00pm

USD

FOMC Member Raskin Speaks

8:30pm

USD

IBD/TIPP Economic Optimism

46.3

47.3

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