Issuu on Google+

S

DAILY FOREX REPORT 27TH FEBRUARY 2013

WWW.EPICRESEARCH.CO

+919752199966


 HEADLINES Rupee continues to decline against dollar in late morning The Indian rupee continued to fall against the American currency in the late morning trade by slipping 16 paise to Rs 54.02 per dollar on month-end dollar demand from importers amid firm dollar overseas. The rupee resumed lower at Rs 54.03 per dollar against the last closing level of Rs 53.86 per dollar at the Interbank Foreign Exchange (Forex) Market and moved in a range of Rs 54 per dollar and Rs 54.09 per dollar before quoting at Rs 54.02 per dollar at 1040hrs. Month-end dollar demand from

 TRADING TIPS  BUY EUR/INR ABOVE 71.53 FOR TGT 71.68/71.83 SL 54.33 PAST PERFORMANCE  SELL USD/INR BELOW 54.28 FOR TGT 54.13/54.98 SL 54.48 TARGET ACHIEVED www.epicresearch.co

importers mainly oil refiners mainly affected the rupee value against the dollar, a forex dealer said. In New York, the euro continued to suffer yesterday, with a selloff in the shared currency triggered after questions about Italy's austerity reforms emerged in the wake of the country's general election.

REFERENCE RATE As on 26th february 2013 UNDERLYING

RATE

USDINR

54.0415

EURINR

71.4130

GBPINR

81.8026

JPYINR

57.3600

+919752199966


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

72.6000

High 4560

72.6850

Low 4532

72.3900

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 4255584.6700 7/19/2012 42250 84.6700 42390

84.2100 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

84.2675

REF SOYA

JPYINR

1178

72.7925

100 JPY

1035

777.4

58.5500

4265.5

58.6000 4518

1183.5

72.9425

15052.5

84.3250

782.85

58.5500

4303

59.6825

5018 1178

72.6650 14800

83.8825

781.3

57.7675 4315

58.0275

CHG

Close -28

72.4875

PERCENTAGE CHANGE

Prev. Close -0.61

72.3575

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.7525

84.0200 -8

72.6575

84.1175 -0.76

84.3450 45

84.4225 0.11

-1.55

-0.2

12

0.28

57.8550

58.1050 -124

58.6525

58.8975

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 26-Feb-2013

12511USD 1282 54.4800 1251 54.4875 1246

54.3000 1282

54.3375 36

2.89 54.3075

USDINR

27-Mar-2013

1 USD

54.7000

54.7500

54.5650

54.6000

54.5775

USDINR

26-Apr-2013

1 USD

55.0000

55.0475

54.8575

54.8800

54.8625

www.epicresearch.co

4676

5120

LTP

CHILLI

EURINR

5018

CLOSE

-2.66

+919752199966


DAILY USD/INR CHART

ANALYSIS OPEN: 54.3175 HIGH: 54.3175 LOW: 53.8675 CLOSE: 53.8925

 USD/INR LOOKS DOWNWARDRS  TREND: BEARISH

 STRATEGY: SELL ON RISE

www.epicresearch.co

+919752199966


DAILY EUR/INR CHART

ANALYSIS OPEN: 71.5375 HIGH: 71.6825 LOW: 71.5375 CLOSE: 71.5375

 EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

www.epicresearch.co

+919752199966


FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

3:00pm

GBP

7:00pm

ACTUAL

FORECAST

PREVIOUS

Second Estimate GDP q/q

-0.3%

-0.3%

USD

Core Durable Goods Orders m/m

0.3%

1.0%

8:30pm

USD

Fed Chairman Bernanke Testifies

8:30pm

USD

Pending Home Sales m/m

1.7%

-4.3%

11:00pm

EUR

ECB President Draghi Speaks

Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

www.epicresearch.co

+919752199966


DAILY-FOREX-REPORT BY EPIC RESEARCH 27 FEB 2013