Daily forex report03mar2014 by epic research

DAILY INDIAN FOREX REPORT 03rd MARCH-2014

DAILY MARKET OUTLOOK 26th FEBRUARY-2014

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK 03rd MARCH-2014

CURRENCY FUTURES SNAPSHOT CURRENCY

CONTRACT

OPEN

HIGH

LOW

CLOSE

% CHANGE

OPEN INT.

USD-INR

MAR-2014

62.3000

62.4800

62.1650

62.1700

-0.23%

655004

EUR-INR

MAR-2014

85.5925

86.1425

85.4200

85.7600

0.18%

13659

GBP-INR

MAR-2014

104.0300

104.5400

103.8000

103.8500

-0.17%

14063

JPY-INR

MAR-2014

61.1425

61.4950

60.9950

61.0575

0.25%

6699

INTRADAY SUPPORT & RESISTANCE CURRENCY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

USD-INR

61.9567

62.3783

62.2717

62.3783

62.5867

EUR-INR

85.0517

85.4058

85.7742

86.1283

86.4967

GBP-INR

103.3233

103.5867

104.0633

104.3267

104.8033

JPY-INR

60.6825

60.8700

61.1825

61.3700

61.6825

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

DAILY MARKET OUTLOOK 03rd MARCH-2014

CURRENCY MARKET OVERVIEW

YOUR MINTVISORY

CURRENCY

LAST PRICE

CHANGE

% CHANGE

DOLLAR INDEX

79.81

-0.48

-0.60%

USD-INR (SPOT)

62.0720

0.1340

0.22%

USD-INR (MAR-2014)

62.1700

-0.1400

-0.23%

EUR-USD (SPOT)

1.3802

0.0092

0.67%

EUR-INR (SPOT)

85.0285

-0.0863

-0.10%

EUR-INR (MAR-2014)

85.7600

0.1500

0.18%

GBP-USD (SPOT)

1.6745

0.0056

0.34%

GBP-INR (SPOT)

103.6106

0.2980

0.29%

GBP-INR (MAR-2014)

103.8500

-0.1700

-0.17%

USD-JPY (SPOT)

101.79

-0.34

-0.33%

JPY-INR (SPOT)

60.9900

0.4600

0.75%

JPY-INR (MAR-2014)

61.0575

0.1500

0.25% WWW.EPICRESEARCH.CO CALL: +917316642300

RBI DAILY REFRENCE RATES 03rd MARCH-2014

TRADE DATE

1 USD

1 GBP

1 EURO

100 YEN

27-Feb-2014

62.0720

103.6106

85.0285

60.9900

26-Feb-2014

61.9380

103.3126

85.1148

60.5300

25-Feb-2014

61.9765

103.3086

85.1435

60.5100

24-Feb-2014

62.1185

103.3838

85.3235

60.7100

21-Feb-2014

62.1618

103.4435

85.2685

60.6600

20-Feb-2014

62.2843

103.8404

85.6995

61.1700

18-Feb-2014

62.1220

103.9301

85.1680

60.5100

17-Feb-2014

61.9495

104.0194

84.9485

60.9700

14-Feb-2014

62.2770

103.6663

85.1755

61.2200

13-Feb-2014

62.2725

103.4658

84.8710

61.0200

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

EPIC DAILY TOP PICKS 03rd MARCH-2014

USD-INR DAILY CANDLESTICK CHART

TRADING STRATEGY : USD-INR has closed @ 62.2175. If it breaks the level of 62.17, it can touch the level of 62.05 & 61.92 respectively If it sustain above the level of 62.48, it can touch the level of 62.61 & 62.75 respectively.

SELL BELOW 62.17 TGTS 62.05, 61.92 SL 62.45.

BUY ABOVE 62.48 TGTS 62.61, 62.75 SL 62.20.

YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300

TODAY'S ECONOMIC EVENTS 03rd MARCH-2014

FORECAST

PREVIOUS

15.40M

15.24M

German Manufacturing PMI

54.7

54.7

EUR

Manufacturing PMI

53.0

53.0

19:00

USD

Core PCE Price Index (MoM)

0.1%

0.1%

19:00

USD

Personal Income (MoM)

0.2%

-

19:00

USD

Personal Spending (MoM)

0.1%

0.4%

19:00

USD

Real Personal Consumption (MoM)

-

0.2%

19:28

USD

Manufacturing PMI

56.6

56.7

20:30

USD

Construction Spending (MoM)

-0.5%

0.1%

20:30

USD

ISM Manufacturing Employment

52.0

52.3

20:30

USD

ISM Manufacturing PMI

52.0

51.3

20:30

USD

ISM Manufacturing Prices

58.3

60.5

TIME

COUNTRY

10:30

USD

Total Vehicle Sales

14:23

EUR

14:28

YOUR MINTVISORY

EVENT

WWW.EPICRESEARCH.CO CALL: +917316642300

DISCLAIMER

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Research Analyst : Nilesh Jain YOUR MINTVISORY

WWW.EPICRESEARCH.CO CALL: +917316642300