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DAILY FOREX REPORT 14TH FEBRUARY 2013

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 HEADLINES Rupee trims gains after better than expected trade data The rupee trimmed gains to trade marginally weaker on the day at 53.83/84 versus Tuesday's close of 53.85/86 following better-than-expected trade data for January. Trade deficit for January rose to $20 billion, below market expectations of a number closer to $25 billion, data showed. The government is hopeful that exports in January will help close the trade gap, Commerce Minister Anand Sharma said. The rupee may weaken further in the near term with the stock market regulator scheduled to

 TRADING TIPS  BUY USD/INR ABOVE 53.95 FOR TGT 54.10/54.25 SL 53.75 PAST PERFORMANCE  BUY EUR/INR ABOVE 72.68 FOR TGT 72.83/72.98 SL 72.48 UNEXECUTED www.epicresearch.co

auction unused and increased limits in government and corporate debt totaling over $11 billion on February 20.

REFERENCE RATE As on 12th february 2013 UNDERLYING

RATE

USDINR

53.8500

EURINR

72.3970

GBPINR

84.4260

JPYINR

57.8600

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DAILY MARKET STATISTICS PRODUCT NAME

EXP DATE

Symbol

Series/Expiry

CHANA

7/19/2012

EURINR

OPEN

HIGH

LOW

Unit

Open

4556

26-Feb-2013

4573

1 EUR

4525

72.1450

High 4560

72.1900

Low 4532

71.8925

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

GBPINR

26-Feb-2013

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

27-Mar-2013 42300 1 GBP 4255585.3675 7/19/2012 42250 85.4650 42390

84.8100 42435

27-Mar-2013

1 EUR

1 GBP 1044

1053

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR TURMERIC

26-Feb-2013

27-Mar-2013

100 JPY

14650

84.9300

REF SOYA

JPYINR

1178

72.2425

100 JPY

1035

777.4

58.2500

4265.5

57.8000 4518

1183.5

72.4900

15052.5

85.1750

782.85

58.3400

4303

58.5900

5018 1178

72.1775 14800

84.5000

781.3

57.7325 4315

57.8000

CHG

Close -28

72.1675

PERCENTAGE CHANGE

Prev. Close -0.61

72.0450

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.4600

84.6275 -8

72.3300

84.6600 -0.76

84.9325 45

84.9600 0.11

-1.55

-0.2

12

0.28

57.8275

58.1000 -124

58.1725

58.4150

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 26-Feb-2013

12511USD 1282 53.8300 1251 53.9875 1246

53.7750 1282

53.9525 36

2.89 53.7550

USDINR

27-Mar-2013

1 USD

54.1000

54.2350

54.0300

54.2075

54.0075

USDINR

26-Apr-2013

1 USD

54.3675

54.5250

54.3100

54.5125

54.2900

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4676

5120

LTP

CHILLI

EURINR

5018

CLOSE

-2.66

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DAILY USD/INR CHART

ANALYSIS OPEN: 53.9225 HIGH: 54.0350 LOW: 53.8825 CLOSE: 53.9325

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.4700 HIGH: 72.7400 LOW: 72.4325 CLOSE: 72.6675

 EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

Tentative

JPY

Monetary Policy Statement

Tentative

JPY

Overnight Call Rate

Tentative

JPY

BOJ Press Conference

7:00pm

USD

9:00pm

USD

ACTUAL

FORECAST

PREVIOUS

<0.10%

<0.10%

Unemployment Claims

361K

366K

Crude Oil Inventories

-1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 14 FEB 2013  
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