DAILY FOREX REPORT RESEARCH VIA 4/22/2013
www.researchvia.com
9977785000
MARKET HEADLINES
ďƒ˜ Rupee extends gains after exports hit $300 billion in 2012-13 The rupee extended gains on Thursday after the government said exports had hit $300 billion for the fiscal year ended in March, which was higher than some estimates. India's exports for 2012/13 stood at $300.6 billion, marking a 1.76 per cent decline from the previous fiscal year, the trade ministry said in a statement. The rupee was trading at 54.12/13 as of 0600 GMT versus around 54.18/19 before the data. It had closed at 54.21/22 on Wednesday.
ďƒ˜ Yuan ends weaker on PBOC guidance, market debates on widening trading band China's central bank guided the yuan lower against the dollar on Thursday after setting record-high midpoints in the previous four sessions, amid market speculation it may widen the band within which the currency is traded. On Thursday, the central bank fixed its official midpoint at 6.2416 versus the dollar from an all-time high of 6.2342 on Wednesday. Spot yuan ended at 6.1813, down from 6.1723 at the close on Wednesday, its highest level since China established the domestic foreign exchange market in 1994.
Sterling firm but vulnerable if UK retail sales data disappoints Sterling rose against a weaker dollar on Thursday, although its rise could run out of steam if British retail sales data disappoints, painting another bleak picture for the economy. Sterling was up 0.2 per cent on the day at $1.5260, partially recovering from Wednesday's sharp drop when it was hurt by a rise in the jobless rate. Resistance is cited at its 55-day moving average of $1.5271 with offers to sell the pound layered above $1.5300, traders said.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
70.8000
70.8000
70.4175
70.5850
70.8000
70.8000
71.2150
71.2150
70.8400
70.9825
71.2150
71.2150
71.4275
71.5800
71.2000
71.3000
71.4275
71.5800
82.6450
82.7475
82.1750
82.4850
82.6450
82.7475
83.1225
83.1225
82.6100
82.9000
83.1225
83.1225
0.0000
0.0000
0.0000
87.8075
0.0000
0.0000
55.1100
55.4400
54.8900
54.9425
55.1100
55.4400
55.6400
55.7775
55.2175
55.2825
55.6400
55.7775
54.1950
54.2750
53.9500
54.0350
54.1950
54.2750
54.6675
54.6875
54.2500
54.3075
54.6675
54.6875
RBI REFERENCE RATE (As on 18TH April 2013) UNDERLYING
RATE
USDINR
54.0298
EURINR
70.4933
GBPINR
82.4306
JPYINR
55.1400
USDINR DAILY ANALYSIS
PIVOT POINTS S1-53.9017 S2-53.7683 PP-54.0883 R1-54.2217 R2-54.4083
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 70.4033 S2-70.2217 PP-70.6017 R1-70.7833 R2-70.9817
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1- 82.1950 S2-81.9050 PP-82.4650 R1-82.7550 R2-83.0250
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 54.7417 S2- 54.5408 PP-55.0908 R1- 55.2917 R2- 55.6408
DISCLAIMER All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. Under any circumstances the subscription amount paid to Research Via are not refundable. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. This Website is for information purposes only. The information contained on this should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform Research Via so that it can be corrected. Research Via and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. Research Via is not responsible for the content of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.