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DAILY FOREX REPORT 24 th MAY 2013

WWW.EPICRESEARCH.CO

+919752199966


 HEADLINES

Fundamentals indicate more downside in rupee The Indian rupee declined for a sixth straight day today and hit a 10-month low be breaking below 56 per dollar. Yen vaults to two-week highs as stocks slide The dollar and the euro both rose more than 2 percent against the yen, and rallied 1 percent against the Swiss franc, also seen as a safe haven.

 TRADING TIPS  SELL USD/INR BELOW 84 for

Sterling falls to 10-week low vs dollar, weaker against yen Sterling fell 1.5 percent against the yen to 152.91 yen and was 0.4 percent lower against the safe-haven Swiss franc.

TGTS of 83.88/83.70  TRADING TIPS  BUY GBP/INR ABOVE 84 for TGTS of 84.14/84 .24 2 nd tgt achieve

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RBI REFERENCE RATE As on 24 th MAY 2013 UNDERLYING

RATE

USDINR

55.9910

EURINR

71.8600

GBPINR

84.1881

JPYINR

55.004

+919752199966


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

54.2995

ANALYSIS OPEN: 55.4800 HIGH: 55.7400 LOW: 55.4175 CLOSE: 54.96

 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

71.3800

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HIGH

72.0900

LOW

71.3800 CLOSE

72.0000

+919752199966


FOREX FORTHCOMING DATA TIME 11:30am

CURRENCY EURINR

DATA

ACTUAL

FORECAST

French Manufacturing PMI

PREVIOUS 44.44

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daily forex tips 24 may 2013