DAILY FOREX REPORT 17TH DECEMBER 2012
WWW.EPICRESEARCH.CO
+919752199966
HEADLINES Rupee reverses losses after inflation rate eases The rupee recovered from early losses to trade higher on Friday after headline inflation surprised on the downside, raising hopes the RBI could start cutting interest rates as early as January. India's wholesale price index rose a slower-than-expected 7.24 percent in November, less than the 7.6 percent estimated by a Reuters poll. While most economists and market participants believe the central bank may hold rates steady on Dec. 18., some are now expecting that it will infuse some liquidity in the form of a cash reserve ratio cut. "The trending and expectation in headline inflation
TRADING TIPS BUY EUR/INR ABOVE 71.46 FOR TGT 71.66/71.86 SL 71.26 PAST PERFORMANCE BUY EUR/INR ABOVE 71.27 FOR TGT 71.47/71.67 SL 71.07 TARGET ACHIEVED
www.epicresearch.co
has improved, paving way for start of rate cut cycle in January-March 2013," said Moses Harding, head of asset liability management at IndusInd Bank. "A CRR cut of 25 basis points is seen certain to maintain the positive feel," he said. The government is trying to push through more reforms, approving steps on Thursday to speed
up
infrastructure
projects
and
facilitate
investment into the fertilizer sector.
REFERENCE RATE As on 14TH December 2012 UNDERLYING
RATE
USDINR
54.3880
EURINR
71.2920
GBPINR
87.7822
JPYINR
64.8600
+919752199966
DAILY MARKET STATISTICS PRODUCT NAME
Symbol CHANA
EURINR
EXP DATE
OPEN
Series/Expiry
HIGH
LOW
Unit
7/19/2012
Open
4556
27-Dec-2012
4573
1 EUR
4525
71.3000
CHILLI
7/19/2012
5060
5060
GUR
7/19/2012
1188
1188
JEERA
7/19/2012
14955
14960
EURINR
GBPINR
29-Jan-2013
1 EUR
27-Dec-2012
1 GBP
5018 1178
71.7200
14650
87.9000
1044
1053
High 4560
71.5900
5120
1183.5
71.8300
15052.5
88.1900
Low 4532
71.1425
5018 1178
71.4050
14800
87.6900
7/19/2012
GBPINR PEPPER
29-Jan-2013 42300 1 GBP 4255588.3075 7/19/2012 42250 88.4975 42390 88.0000 42435 7/19/2012
780.5
783.6
SOY BEAN
7/19/2012
4309
4330
JPYINR
JPYINR TURMERIC WHEAT USDINR
27-Dec-2012
29-Jan-2013 7/19/2012
100 JPY
100 JPY 4600
777.4
65.1575
4265.5
65.4350 4676
4518
1049
LTP
KAPAS
REF SOYA
1035
CLOSE
782.85
65.3500
4303
65.6025
1041
781.3
64.8800
4315
65.1925
CHG
Close -28
71.4675 -102 -5.5
PERCENTAGE CHANGE
Prev. Close -0.61
71.2675 -1.99 -0.46
71.7175
71.5175
-252.5
-1.68
88.0175
88.0025
-8
-0.76
88.3300 45
88.3025 0.11
-1.55
-0.2
65.2000
65.4625
12
0.28
65.4275
65.7475
-124
-2.66
4664
4540
7/19/2012 27-Dec-2012 12511USD 1282 54.6475 1251 54.7275 1246
54.3725 1282
54.6125 36
54.6225 2.89
USDINR
29-Jan-2013
1 USD
54.8825
54.9750
54.6325
54.8850
54.8775
USDINR
26-Feb-2013
1 USD
55.1275
55.2150
54.8800
55.1375
55.1000
www.epicresearch.co
+919752199966
DAILY USD/INR CHART
ANALYSIS OPEN: 54.6375 HIGH: 54.7250 LOW: 54.3725 CLOSE: 54.6125
USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
www.epicresearch.co
+919752199966
DAILY EUR/INR CHART
ANALYSIS OPEN: 71.3525 HIGH: 71.5825 LOW: 71.1425 CLOSE: 71.4675
EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS
www.epicresearch.co
+919752199966
FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
ACTUAL
FORECAST
PREVIOUS
2:30pm
EUR
Italian Trade Balance
0.41B
3:30pm
EUR
Trade Balance
11.3B
7:00pm
USD
Empire State Manufacturing Index
-0.3
-5.2
7:30pm
USD
TIC Long-Term Purchases
22.3B
3.3B
11:30pm
USD
FOMC Member Lacker Speaks
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.epicresearch.co
+919752199966