DAILY FOREX REPORT RESEARCH VIA 5/14/2013
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MARKET HEADLINES
Rupee near two-month low; down 14 paise vs dollar The rupee was trading weaker at 54.94/95 versus its close of 54.80/81 on Friday as sharp losses in domestic shares and a broadly strong dollar hurt. The Indian currency fell to as low as 55.01 earlier in the session, its lowest since March 4. The main share index was trading down 1 per cent. Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency.
Swiss franc near 8-1/2 month low vs dollar before US data The Swiss franc hovered close to last week's 8-1/2 month low against the dollar on Monday, and was stronger against the euro, with investors cautious before US retail sales. US retail sales in April are expected to have fallen 0.3 percent monthon-month, according to a Reuters poll. The franc was virtually unchanged against the dollar to trade at 0.95630 by 0720 GMT compared to the New York close. The franc strengthened 0.1 percent against the euro.
Yen drops further as G7 avoids criticising Japan The yen suffered fresh losses on Monday after Group of Seven finance officials avoided direct criticism of Japan's monetary policy, which has pushed its currency to four-year lows. The yen hit 102.15 yen per dollar, its lowest since October 2008, on trading platform EBS as investors saw the G7 outcome as a green light to sell the currency. It was last steady at 101.65 yen, with traders saying investors took profit from the dollar's rise above 102 yen.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
29-May-2013
71.3450
71.5225
71.2000
71.2550
EURINR
26-Jun-2013
71.5675
71.7900
71.4825
71.5250
EURINR
29-Jul-2013
71.9500
72.0000
71.8725
71.8725
GBPINR
29-May-2013
84.4500
84.7000
84.2525
84.3250
GBPINR
26-Jun-2013
84.7000
85.0100
84.6125
84.6625
JPYINR
29-May-2013
54.1700
54.3375
54.0025
54.0925
JPYINR
26-Jun-2013
54.2750
54.5700
54.2375
54.3425
USDINR
29-May-2013
54.9825
55.1825
54.8500
54.8950
USDINR
26-Jun-2013
55.2000
55.4000
55.0750
55.1175
USDINR
29-Jul-2013
55.4600
55.6475
55.3500
55.3775
RBI REFERENCE RATE (As on 13TH MAY 2013) UNDERLYING
RATE
USDINR
54.9150
EURINR
71.3167
GBPINR
84.4428
JPYINR
54.0300
USDINR DAILY ANALYSIS
PIVOT POINTS S1-54.67692 S2-54.6433 PP-54.9758 R1-55.1017 R2-55.3083
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 71.1658 S2-71.0767 PP-71.3442 R1-71.4333 R2-71.6117
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1-84.2025 S2-84.0800 PP-84.4475 R1-84.5700 R2-84.8150
54.9950
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 53.9508 S2- 53.8092 PP-54.1442 R1- 54.2858 R2- 54.4792
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