S
DAILY FOREX REPORT 18TH MARCH 2013
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HEADLINES Dollar takes a breather, yen steady after BOJ chief approved The dollar took a break from its recent sprint on Friday as sterling enjoyed a short squeeze and the yen was propped up by profit-taking in the US currency after Japan's parliament approved new leadership at the Bank of Japan, as expected. The dollar index pulled back slightly to 82.501, further retreating from a seven-month peak of 83.166 hit the previous day, though it is up 4 per cent from its February 1 trough of 78.918. Japan's parliament approved Prime Minister Shinzo Abe's nominee for central
TRADING TIPS SELL USD/INR BELOW 54.19 FOR TGT 54.04/53.89 SL 54.39 PAST PERFORMANCE SELL EUR/INR BELOW 70.87 FOR TGT 70.72/70.57 SL 71.07 UNEXECUTED www.epicresearch.co
bank governor, Haruhiko Kuroda, and nominees for the two deputy governor posts, clearing the way for the radical monetary easing Abe has long pressed for.
REFERENCE RATE As on 15th March 2013 UNDERLYING
RATE
USDINR
54.1605
EURINR
70.5023
GBPINR
81.7444
JPYINR
56.3600
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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
27-Mar-2013
4573
1 EUR
4525
70.5600
High 4560
70.9000
Low 4532
70.5500
7/19/2012
5060
5060
GUR
7/19/2012
1188
1188
JEERA
7/19/2012
14955
14960
GBPINR
27-Mar-2013
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
26-Apr-2013 42300 1 GBP 4255582.4750 7/19/2012 42250 82.7900 42390
82.2500 42435
26-Apr-2013
1 EUR
1 GBP 1044
1053
7/19/2012
780.5
783.6
SOY BEAN
7/19/2012
4309
4330
JPYINR TURMERIC
27-Mar-2013
26-Apr-2013 7/19/2012
100 JPY
100 JPY
1035
777.4
56.5000
4265.5
56.9700 4676
4518
1183.5
71.3200
15052.5
82.3025
782.85
56.6575
4303
57.0850
5018 1178
71.0100 14800
81.7300
781.3
56.3600 4315
56.8000
CHG
Close -28
70.8075
PERCENTAGE CHANGE
Prev. Close -0.61
70.4375
-102
-1.99
-5.5
-0.46
-252.5
-1.68
71.2050
82.1475 -8
70.9000
81.4250 -0.76
82.6300 45
81.9375 0.11
-1.55
-0.2
12
0.28
56.4625
56.8825 -124
56.5725
56.9950
4664
4540
WHEAT USDINR
7/19/2012 27-Mar-2013 12511USD 1282 54.6200 1251 54.6200 1246
54.1200 1282
54.1975 36
2.89 54.4950
USDINR
26-Apr-2013
1 USD
54.7575
54.7575
54.5000
54.5625
54.8725
USDINR
29-May-2013
1 USD
55.0350
55.0350
54.8300
54.8900
55.1850
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4600
14650
81.8500
REF SOYA
JPYINR
1178
71.0975
5120
LTP
CHILLI
EURINR
5018
CLOSE
-2.66
+919752199966
DAILY USD/INR CHART
ANALYSIS OPEN: 54.3450 HIGH: 54.3450 LOW: 54.1200 CLOSE: 54.1975
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
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DAILY EUR/INR CHART
ANALYSIS OPEN: 70.5600 LOW: 70.8975 HIGH: 70.5500 CLOSE: 70.8075
EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
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FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
ACTUAL
FORECAST
PREVIOUS
6:00am
AUD
2:30pm
EUR
New Motor Vehicle Sales m/m Italian Trade Balance
2.11B
2.16B
3:30pm
EUR
Trade Balance
3.4B
12.0B
7:30pm
USD
NAHB Housing Market Index
48
46
8:30pm
USD
IBD/TIPP Economic Optimism
46.3
47.3
-2.4%
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