DAILY FOREX REPORT RESEARCH VIA 4/23/2013
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MARKET HEADLINES
Rupee extends losses as gold, crude importers buy dollar The rupee extended losses on dollar demand from crude, gold importers, said dealers. The Indian currency fell to 54.1850 in trade versus 53.96/97 last close, 54.12/13 current. A state-run gas utility was also heard buying the Americal currency, dealers said. A state-run bank dealer expects the pair to come off after demand tapers off, sees 53.90-54.20 band for session. Technical charts show the pair may be capped at 54.30-35, the previous support on April 12. EUR/USD may be getting toppy for a move back to 1.2960, which could underpin INR. Swiss
franc flat as dealers hesitate on major positions The Swiss franc was little changed against the US dollar on Monday, with currency dealers hesitant to take bigger positions ahead of major European data later in the week. The franc was flat against the dollar to trade at 0.9335 per dollar by 0631 GMT compared to the New York close. The franc fell 0.1 percent against the euro, trading at 1.2183.
Yen bears in driving seat after G20, USD/JPY on course to take out 100 The yen began the week on a shaky footing on Monday, with the dollar on track to take out the elusive 100 level, after the Group of 20 countries refrained from criticising Japan's reflationary policies that have significantly weakened its currency. The dollar climbed to as high as 99.90 yen, within striking distance of a four-year high of 99.95 set on April 11 and the psychological 100 level, where option barriers are said to be lined up.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
26-Apr-2013
70.5000
70.7775
70.5000
70.5900
EURINR
29-May-2013
70.9000
71.1400
70.9000
70.9650
EURINR
26-Jun-2013
71.4000
71.4000
71.2950
71.3000
GBPINR
26-Apr-2013
82.5000
82.6700
82.2225
82.4375
GBPINR
29-May-2013
82.6775
83.0100
82.6650
82.8125
JPYINR
26-Apr-2013
54.1800
54.4475
54.1100
54.3000
JPYINR
29-May-2013
54.5800
55.0000
54.4500
54.6125
USDINR
26-Apr-2013
53.9900
54.2500
53.9300
54.1150
USDINR
29-May-2013
54.2800
54.4925
54.2275
54.3650
USDINR
26-Jun-2013
54.5425
54.7600
54.5425
54.6475
RBI REFERENCE RATE (As on 22ND April 2013) UNDERLYING
RATE
USDINR
54.1665
EURINR
70.7045
GBPINR
84.4522
JPYINR
54.3100
USDINR DAILY ANALYSIS
PIVOT POINTS S1-53.9553 S2-53.7917 PP-54.1017 R1-54.2633 R2-54.2633
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 70.5275 S2-70.4650 PP-70.6525 R1-70.7150 R2-70.8400
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1- 82.2192 S2-81.0008 PP-82.4408 R1-82.6592 R2-82.8808
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 54.1283 S2- 53.9567 PP-54.2867 R1- 54.4583 R2- 54.6167
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