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DAILY FOREX REPORT 11th APRIL 2013

WWW.EPICRESEARCH.CO

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 HEADLINES

 Sterling rises versus dollar on hopes of no UK recession Sterling gained against the dollar on Wednesday, keeping close to a seven-week peak after solid industrial output increased the chances that the UK has avoided slipping into recession. The pound also rose to

 TRADING TIPS

a three-and-a-half year peak against the yen, as the

 BUY USD/INR

last week's radical monetary easing measures

Japanese currency continued to suffer in the wake of announced by the Bank of Japan.

ABOVE 54.55 for TGTS of 54.70/54.85  PAST PERFORMANCE  BUY EUR/INR ABOVE 71.20 for

 Rupee off highs; oil bids weigh down  The rupee was still strong though off highs. The pair was at 54.52/53, off 54.40 highs, 54.58/59 previous close. State-run bank dealer said bids from importers were keeping bias towards the Indian currency weakening. 

RBI REFERENCE RATE As on 9th APRIL 2013

UNDERLYING

RATE

TGTS of

USDINR

54.5340

71.35/71.05

EURINR

71.3260

GBPINR

83.5952

JPYINR

55.0300

TARGET HIT

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PRODUCT NAME

EXP DATE

OPEN

CHG

PERCENTAGE CHANGE

CHANA

7/19/2012

4556

-28

-0.61

Symbol CHILLI

Series/Expiry 7/19/2012

5060Unit

5060 Open 5018 High 5120

5018

Close

-102

Prev. -1.99 Close

EUR-INR GUR

26-Apr-2013 7/19/2012

1 EUR 1188

118871.35001178 71.4725 1183.5 71.1175 1178

71.4300

71.3225

EUR-INR JEERA

29-May-2013 7/19/2012

1 EUR 1496071.790014650 71.8975 14955 15052.5 71.5600 14800

71.8750 -252.5

71.7700 -1.68

GBP-INR KAPAS

26-Apr-2013 7/19/2012

1 GBP 1044

83.7550 -8

83.8100 -0.76

GBP-INR PEPPER

29-May-2013 7/19/2012

1 GBP 4255583.955042250 84.3650 42300 42390 83.7850 42435

84.2075 45

84.3050 0.11

JPY-INR REF SOYA

26-Apr-2013 7/19/2012

100 JPY 783.655.2950777.4 55.5350 780.5 782.85 55.0075 781.3

55.4125 -1.55

55.5875 -0.2

JPY-INR SOY BEAN

29-May-2013 7/19/2012

100 JPY 433055.51254265.555.90004303 55.4000 4309 4315

55.7575 12

55.9475 0.28

USD-INR TURMERIC

26-Apr-2013 7/19/2012

1 USD 4600

467654.74004518 54.82254664 54.5875 4540

54.7775 -124

54.7650 -2.66

USD-INR WHEAT

29-May-2013 7/19/2012

1 USD 1251

128255.05001251 55.16001246 54.9400 1282

55.1100 36

55.1075 2.89

USD-INR

26-Jun-2013

1 USD

55.4150

55.4025

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HIGH

LOW

CLOSE

LTP

DAILY MARKET STATISTICS 4573

4525

4560

4532

Low

105383.70001035 83.90751049 83.2975 1041

55.3100

55.4550

55.2450

-5.5

-0.46

+919752199966


 DAILY USD/INR CHART

ANALYSIS OPEN: 54.4000 HIGH: 54.5100 LOW: 54.3600 CLOSE: 54.4700

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BUY ON DIPS


 DAILY EUR/INR CHART

ANALYSIS OPEN: 71.2100 HIGH: 71.4400 LOW: 71.1400 CLOSE: 71.3500  EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

USD

Retail Sales m/m

8:30pm

ACTUAL

FORECAST

PREVIOUS

0.0%

1.1%

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Copy of DAILY-FOREX-REPORT BY EPIC RESEARCH 11 APRIL 2013