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DAILY FOREX REPORT 10th MAY 2013

WWW.EPICRESEARCH.CO

+919752199966


 HEADLINES

Sterling hits session high against dollar on industrial output data Sterling rose to a session high against the dollar and the euro on better-than-expected British industrial and manufacturing output data Rupee drops by 10 paisa against dollar in late morning deals

 TRADING TIPS

The rupee fell by 10 paisa to 54.26 per dollar

 SELL EUR/INR

following bouts of demand of the US currency from

ABOVE 71.50 for TGTS of 71.32/71.22  TRADING TIPS  BUY EUR/INR ABOVE 71.10 for TGTS of 71.22/71.32 2 nd tgt achieve

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importers despite its weakness overseas. Rupee up marginally against dollar in early trade The rupee traded marginally up by one paisa to 54.15 against the dollar in early trade on sustained selling of the American currency by exporters.

RBI REFERENCE RATE As on 09 th APRIL 2013 UNDERLYING

RATE

USDINR

54.2415

EURINR

71.3620

GBPINR

84.2967

JPYINR

54.9500

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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

29-MAY-2013 7/19/2012

1 EUR 1188

118871.10001178 71.3800 1183.5 70.9050 1178

71.1975

70.9450

EUR-INR JEERA

26-JUNE-2013 7/19/2012

1 EUR 1496071.500014650 71.7800 14955 15052.5 71.3050 14800

71.6175 -252.5

71.2400 -1.68

GBP-INR KAPAS

29-MAY-2013 7/19/2012

1 GBP 1044

82.6925 -8

84.2800 -0.76

GBP-INR PEPPER

26-JUNE-2013 7/19/2012

1 GBP 4255583.352542250 83.5875 42300 42390 82.9450 42435

83.1100 45

84.6900 0.11

JPY-INR REF SOYA

29-MAY-2013 7/19/2012

100 JPY 783.655.2050777.4 55.5975 780.5 782.85 54.7450 781.3

55.4875 -1.55

55.3300 -0.2

JPY-INR SOY BEAN

26-JUNE-2013 7/19/2012

100 JPY 433055.33504265.555.92004303 55.0900 4309 4315

55.7975 12

55.6500 0.28

USD-INR TURMERIC

29-MAY-2013 7/19/2012

1 USD 4600

467654.12254518 54.27254664 53.7825 4540

54.2275 -124

54.2300 -2.66

USD-INR WHEAT

26-JUNE-2013 7/19/2012

1 USD 1251

128254.48251251 54.55501246 54.0750 1282

54.5125 36

54.5700 2.89

USD-INR

29-MAY-2013

1 USD

54.8200

54.8675

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HIGH

LOW

CLOSE

LTP

DAILY MARKET STATISTICS 4573

4525

4560

4532

Low

105382.94001035 83.14251049 82.5050 1041

54.7800

54.8650

54.3900

-5.5

-0.46

+919752199966


 DAILY USD/INR CHART

ANALYSIS OPEN: 54.31 HIGH: 54.43 LOW: 53.92 CLOSE: 53.94

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BUY ON DIPS


 DAILY EUR/INR CHART

http://www.icharts.in/getImageFromSessionLive.php?img=chart1&id=ssrrjd8n1kmkm0cg5ulvc9tmp3518b82703dba5&

ANALYSIS OPEN

71.11

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HIGH

71.27

LOW

70.50

CLOSE

70.52

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FOREX FORTHCOMING DATA TIME 10:00am

CURRENCY EURINR

DATA

ACTUAL

FORECAST

German Industrial Production (MoM)

PREVIOUS 0.5 %

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