weekly-forex-report by epic research 17 dec 2012

WEEKLY FOREX REPORT 17th DECEMBER 2012

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ďƒ˜ HEADLINES Rupee hits over 1-week low vs dollar The rupee fell to its lowest in more than a week in late trade on Friday on suspected heavy dollar buying by a large state-run bank that several dealers said appeared to be on behalf of defense-related state-run companies.

At 1044 GMT, the rupee was at 54.58/60 per dollar, after falling to as much as 54.70, from levels of around 54.35-54.40 before the falls.

Sterling falls vs euro after UK outlook downgrade

ďƒ˜ RBI REFERENCE RATE As on 14THDECEMBER 2012

Sterling hit its lowest level in more than a week against the euro on Friday after Standard & Poor's lowered its outlook on UK government debt to negative, although downside was seen as limited as a ratings downgrade was not imminent.The downgrade puts S&P's outlook

UNDERLYING

RATE

USDINR

54.3880

EURINR

71.2920

GBPINR

87.7822

Swiss franc hits 7-month high vs dollar on Fed

JPYINR

64.8600

buying plan

on the UK in line with other ratings agencies Fitch and Moody's. S&P said it sees a one-in-three chance that Britain will lose its prized triple-A credit rating.

The Swiss franc pushed higher against the dollar on Friday adding to four straight sessions of gains and hitting its highest since early May after the U.S. Federal Reserve said it would extend its bond buying programme.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

DAILY MARKET STATISTICS (As on 7THDecember 2012)

CHANA

7/19/2012

Symbol

CHILLI

Series/Expiry

4556

Unit

4573

Open

High

Low

Close

Prev. Close

1 EUR 1188 71.30001178 71.5900 1188 1183.571.14251178 71.4675 -5.5

71.2675

EUR-INR JEERA

29-Jan-2013 7/19/2012

1 EUR 1496071.7200 14955 14650 71.8300 15052.571.4050 14800 71.7175 -252.5

71.5175

GBP-INR KAPAS

27-Dec-2012 7/19/2012

1 GBP 1053 87.90001035 88.1900 1044 1049 87.69001041 88.0175-8

88.0025 -0.76

GBP-INR PEPPER

29-Jan-2013 7/19/2012

1 GBP 4255588.3075 42300 42250 88.4975 42390 88.0000 42435 88.3300 45

88.3025 0.11

REFJPY-INR SOYA

27-Dec-2012 7/19/2012

100 JPY 783.6 65.1575 780.5 777.4 65.3500 782.8564.8800781.3 65.2000 -1.55

65.4625 -0.2

SOYJPY-INR BEAN

29-Jan-2013 7/19/2012

100 JPY 4330 65.4350 4309 4265.5 65.6025 4303 65.19254315 65.4275 12

65.7475 0.28

USD-INR TURMERIC

27-Dec-2012 7/19/2012

1 USD 4676 54.64754518 54.7275 4600 4664 54.37254540 54.6125 -124

54.6225 -2.66

USD-INR WHEAT

29-Jan-2013 7/19/2012

1 USD 1282 54.88251251 54.9750 1251 1246 54.63251282 54.8850 36

54.8775 2.89

USD-INR

26-Feb-2013

54.8800

-102

-0.61

27-Dec-2012 7/19/2012

55.2150

5018

-28

EUR-INR GUR

55.1275

5120

4532

5060

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5018

4560

7/19/2012

1 USD

5060

4525

55.1375

-1.99 -0.46 -1.68

55.1000

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WEEKLY USD/INR CHART

ANALYSIS OPEN: 54.6100 HIGH: 55.7500 LOW: 54.2400 CLOSE: 54.6200

USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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 WEEKLY EUR/INR CHART

ANALYSIS OPEN: 70.4900 HIGH: 71.3400 LOW: 70.2200 CLOSE: 71.2700

EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING EVENTS DAY

TIME

CURRENCY DETAILS

ACTUAL

TUESDAY

3:00 PM

GBP

CPI y/y

TUESDAY

TENTATIVE

GBP

BOE Inflation Letter

WEDNESDAY

2:30 PM

EUR

WEDNESDAY

3:00pm

WEDNESDAY

FORECAST

PREVIOUS

2.6%

2.7%

German Ifo Business Climate

101.9

101.4

GBP

MPC Meeting Minutes

0-0-9

0-0-9

7:00pm

USD

Building Permits

0.87M

0.87M

THURSDAY

3:00 PM

USD

Retail Sales m/m

0.2%

-0.8%

THURSDAY

7:00pm

USD

Unemployment Claims

350K

343K

THURSDAY

8:30pm

USD

Existing Home Sales

4.85M

4.79M

FRIDAY

3:00pm

GBP

Public Sector Net Borrowing

14.8B

6.5B

FRIDAY

7:00pm

USD

Core Durable Goods Orders m/m

-0.1%

1.8%

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