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DAILY FOREX REPORT 22ND JANUARY 2013

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 HEADLINES Rupee rises for 3rd session; fund flow related selling The rupee today rose by six paise to 53.65 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks. Forex dealers said a higher opening in the domestic equity market and strengthening of euro against the dollar overseas, also supported the rupee. The rupee had gained a whopping 68 paise to close at a twoand-half-month high of 53.71 against the dollar on Friday

 TRADING TIPS  SELL USD/INR BELOW 53.87 FOR TGT 53.77/53.67 SL 54.07 PAST PERFORMANCE  SELL USD/INR BELOW 53.85 FOR TGT 53.71/53.55 SL 54.05 TARGET ACHIEVED

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on sustained selling of the American currency by exporters after partial deregulation of diesel prices.

REFERENCE RATE As on 21STJanuary 2013 UNDERLYING

RATE

USDINR

53.8735

EURINR

71.7760

GBPINR

85.5296

JPYINR

60.1100

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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

29-Jan-2013

4573

1 EUR

4525

71.8000

CHILLI

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

EURINR

GBPINR

26-Feb-2013

1 EUR

29-Jan-2013

1 GBP 1044

5018 1178

71.9950

14650

85.4475 1053

High 4560

71.9750

5120

1183.5

72.2500

15052.5

85.7100

LTP

Low 4532

71.5325 5018 1178

71.8400 14800

85.2025

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Feb-2013 42300 1 GBP 4255585.7325 7/19/2012 42250 86.0700 42390

85.5550 42435

REF SOYA

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR

JPYINR TURMERIC

29-Jan-2013

26-Feb-2013

100 JPY

100 JPY

1035

CLOSE

777.4

60.1500

4265.5

60.3650 4518

4303

60.7000

781.3

59.9600 4315

60.2500

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 29-Jan-2013

12511USD 1282 53.8475 1251 54.0175 1246

USDINR

26-Feb-2013

1 USD

54.0625

USDINR

27-Mar-2013

1 USD

54.3525

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4676

782.85

60.4250

CHG

Close -28

71.7550

PERCENTAGE CHANGE

Prev. Close -0.61

71.9425

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.0375

85.6175 -8

72.2425

85.8425 -0.76

85.9325 45

86.1750 0.11

-1.55

-0.2

12

0.28

60.3000

60.5325

60.0150

60.2975

-124

-2.66

53.7100 1282

53.9225 36

2.89 53.8575

54.2675

53.9675

54.1650

54.1125

54.5700

54.2725

54.4475

54.4150

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DAILY USD/INR CHART

ANALYSIS OPEN: 53.8475 HIGH: 54.0175 LOW: 53.7125 CLOSE: 53.9225

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 71.8000 HIGH: 71.9700 LOW: 71.5325 CLOSE: 71.7550

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

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

3:30pm

EUR

3:30pm

ACTUAL

FORECAST

PREVIOUS

12.2

6.9

EUR

German ZEW Economic Sentiment ZEW Economic Sentiment

14.1

7.6

8:30pm

USD

Bank Holiday

5.09M

5.04M

8:30pm

USD

Richmond Manufacturing Index

4

5

11:30pm

EUR

ECB President Draghi Speaks

-1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 22 JAN 2013