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DAILY FOREX REPORT 1STFEBRUARY 2013

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 HEADLINES Rupee falls from 3-1/2 month high vs dollar The rupee is trading at 53.36/37 versus its previous close of 53.30/31, falling sharply from the day's high of 53.07, which was its strongest since Oct. 18.Traders say gains in the dollar versus most other Asian currencies seen hurting sentiment for the rupee. Month-end dollar demand from oil firms are also adding to the downward pressure on the rupee. Domestic shares were trading down 0.4 percent, boosting the pair further. Rupee trims initial gains vs dollar, still up by 9 paise

 TRADING TIPS  SELL USD/INR BELOW 53.39 FOR TGT 53.24/53.09 SL 53.59 PAST PERFORMANCE  SELL USD/INR BELOW 53.52 FOR TGT 53.37/53.22 SL 54.72 TARGET ACHIEVED

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The rupee trimmed its initial gains against the American currency but was still quoted up by nine paise to 53.21 per dollar on mild selling of dollars from banks and exporters in view of persistent capital inflows from foreign funds.

REFERENCE RATE As on 31ST January 2013 UNDERLYING

RATE

USDINR

53.2890

EURINR

72.2325

GBPINR

84.2233

JPYINR

58.6600

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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

72.6500

High 4560

72.6500

Low 4532

72.2250

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 4255584.7825 7/19/2012 42250 85.0425 42390

84.4500 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

84.4750

REF SOYA

JPYINR

1178

72.7800

100 JPY

1035

777.4

58.7225

4265.5

59.1975 4518

1183.5

72.8500

15052.5

84.7800

782.85

59.0700

4303

59.3025

5018 1178

72.5125 14800

84.1150

781.3

58.6400 4315

58.9150

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 26-Feb-2013

12511USD 1282 53.4500 1251 53.5850 1246

USDINR

27-Mar-2013

1 USD

53.7775

USDINR

26-Apr-2013

1 USD

54.0200

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4676

5120

LTP

CHILLI

EURINR

5018

CLOSE

CHG

Close -28

72.2775

PERCENTAGE CHANGE

Prev. Close -0.61

72.5575

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.5550

84.2750 -8

72.8325

84.3550 -0.76

84.5800 45

84.6925 0.11

-1.55

-0.2

12

0.28

58.7175

58.9875

58.7025

58.9800

-124

-2.66

53.2550 1282

53.3925 36

2.89 53.5350

53.8475

53.5175

53.6575

53.7900

54.1300

53.8100

53.9450

54.0825

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DAILY USD/INR CHART

ANALYSIS OPEN: 53.4950 HIGH: 53.5850 LOW: 53.2550 CLOSE: 53.3925

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.4525 HIGH: 72.5800 LOW: 72.2250 CLOSE: 72.2775

 EUR/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

3:30pm

EUR

7:00pm

ACTUAL

FORECAST

PREVIOUS

Unemployment Rate

11.9%

11.8%

USD

Non-Farm Employment Change

161K

155K

7:00pm

USD

Unemployment Rate

7.8%

7.8%

8:30pm

USD

ISM Manufacturing PMI

50.8

50.7

9:00pm

USD

Crude Oil Inventories

-1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 1 FEBRUARY 2013  
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