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DAILY FOREX REPORT 18TH MARCH 2013

WWW.EPICRESEARCH.CO

+919752199966


 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

+919752199966


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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+919752199966


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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DAILY-FOREX-REPORT BY EPIC RESEARCH 18 MARCH 2013