DAILY-FOREX-REPORT BY EPIC RESEARCH 20 DEC 2012

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DAILY FOREX REPORT 20TH DECEMBER 2012

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 HEADLINES Rupee up by 12 paise against dollar in early trade The rupee rose by 12 paise to 54.73 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of American currency by exporters and banks. Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas on strong Spanish bond auction and upgrade to Greece's credit rating supported the rupee,

 TRADING TIPS

dealers said. The rupee had closed flat at 54.85 against

 SELL USD/INR BELOW 54.70 FOR TGT 54.55/54.40 SL 54.85  PAST PERFORMANCE  BUY USD/INR ABOVE 55.05 FOR TGT 55.20/55.35 SL 54.90 UNEXECUTED

rates unchanged in the mid-quarter policy review.

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the US dollar in yesterday's trade amid RBI keeping key Meanwhile, the BSE benchmark index Sensex surged further by 121.82 points, or 0.63 per cent, to 19,486.57.

REFERENCE RATE As on 19TH December 2012 UNDERLYING

RATE

USDINR

54.7365

EURINR

72.4775

GBPINR

89.0180

JPYINR

64.9200

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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-Dec-2012

4573

1 EUR

4525

72.7025

High 4560

72.8525

Low 4532

72.3400

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

GBPINR

27-Dec-2012

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

29-Jan-2013 42300 1 GBP 4255589.6175 7/19/2012 42250 89.7350 42390

89.2950 42435

29-Jan-2013

1 EUR

1 GBP 1044

1053

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR TURMERIC

27-Dec-2012

29-Jan-2013

100 JPY

14650

89.2150

REF SOYA

JPYINR

1178

72.9900

100 JPY

1035

777.4

65.3000

4265.5

65.6150 4518

1183.5

73.0700

15052.5

89.5050

782.85

65.3375

4303

65.6150

5018 1178

72.6000 14800

88.9600

781.3

64.7500 4315

65.0200

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 27-Dec-2012

12511USD 1282 55.0000 1251 55.0200 1246

USDINR

29-Jan-2013

1 USD

55.2450

USDINR

26-Feb-2013

1 USD

55.4725

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4676

5120

LTP

CHILLI

EURINR

5018

CLOSE

CHG

Close -28

72.5925

PERCENTAGE CHANGE

Prev. Close -0.61

72.4525

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.8400

89.1025 -8

72.7225

89.1275 -0.76

89.4275 45

89.4475 0.11

-1.55

-0.2

12

0.28

64.8425

65.1225

65.5950

65.8725

-124

-2.66

54.6350 1282

54.7175 36

2.89 55.0100

55.2575

54.9000

54.9775

55.2500

55.5075

55.1650

55.2325

55.4925

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DAILY USD/INR CHART

ANALYSIS OPEN: 55.000 HIGH: 55.0100 LOW: 54.6375 CLOSE: 54.7175

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.7050 HIGH: 72.8500 LOW: 72.3400 CLOSE: 72.5925

 EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

Tentative

JPY

Monetary Policy Statement

3:00pm

GBP

7:00pm

ACTUAL

FORECAST

PREVIOUS

Retail Sales m/m

0.3%

-0.8%

USD

Unemployment Claims

358K

343K

8:30pm

USD

Existing Home Sales

4.85M

4.79M

8:30pm

USD

Philly Fed Manufacturing Index

-2.7

-10.7

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