DAILY FOREX REPORT RESEARCH VIA 5/9/2013
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MARKET HEADLINES
ďƒ˜ Rupee trims gain against dollar, still up by 5 paise The rupee trimmed its initial gains, but was quoted still higher by five paise to 54.09 against the American currency on the back of sustained selling of dollars by exporters amid continued capital inflows into equities. The rupee opened higher at 54.10 per dollar against yesterday's closing level of Rs 54.14 per dollar at the Interbank Foreign Exchange, forex market. It moved in a range of 54.05 per dollar and 54.14 per dollar before quoting at Rs 54.09 per dollar at 1040 hrs.
ďƒ˜ Euro rises to session high against dollar after German data The euro rose to a session high against the dollar and Bund futures paired gains on Wednesday after German industrial output rose more than expected in March. The euro rose to $1.3145 from $1.3123 before the data was released with stop-loss buy orders cited above $1.3150. Near term resistance is at its 100-day moving average of $1.31564. German Bund futures pared gains, last trading 10 ticks higher on the day at 145.53, having risen as high as 145.72 earlier in the session.
ďƒ˜ Sterling extends losses against firmer euro Sterling pulled further away from three-month highs against the euro on Wednesday, as investors, cutting bets that had favoured the pound, sought more evidence of growth in the British economy. The euro extended gains into a second straight day and was up 0.2 per cent at 84.65 pence, holding well above a three-and-a-half month low of 83.98 pence. Traders reported bids for euros at 84.00 pence that would stem any retreat. Sterling was flat on the day against the dollar at $1.5480, well below its recent two-month high above $1.56, with chartists indicating the pound's recent gains could be flagging.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
29-May-2013
70.9000
71.2200
70.8000
71.1150
EURINR
26-Jun-2013
71.1150
71.4850
71.1075
71.3800
EURINR
29-Jul-2013
72.4150
72.4150
71.5600
71.7975
GBPINR
29-May-2013
83.8050
84.0200
83.6950
83.9825
GBPINR
26-Jun-2013
84.1625
84.3550
84.0775
84.3300
JPYINR
29-May-2013
54.7225
54.9650
54.7050
54.7725
JPYINR
26-Jun-2013
54.9750
55.2025
54.9600
55.0250
USDINR
29-May-2013
54.1650
54.2850
54.1000
54.1725
USDINR
26-Jun-2013
54.3600
54.5000
54.3300
54.3925
USDINR
29-Jul-2013
54.6250
54.7575
54.6150
54.6575
RBI REFERENCE RATE (As on 8TH MAY 2013) UNDERLYING
RATE
USDINR
54.1600
EURINR
70.9980
GBPINR
83.8803
JPYINR
54.7700
USDINR DAILY ANALYSIS
PIVOT POINTS S1-54.0900 S2-54.0075 PP-54.1875 R1-54.2700 R2-54.3675
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 70.8800 S2-70.6450 PP-71.0500 R1-71.2850 R2-71.4550
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1-83.7783 S2-83.5742 PP-83.8992 R1-84.1033 R2-84.2242
54.9950
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 54.6300 S2- 54.4875 PP-54.7975 R1- 54.9400 R2- 55.1075
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