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DAILY FOREX REPORT 3RD JANUARY 2013

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 HEADLINES Rupee trims initial gains, still up 18 paise vs dollar The Rupee failed to maintain initial gains, but was still quoted higher by 18 paise to 54.50 per dollar on bouts of buying and selling transactions from banks and exporters. The rupee resumed higher at 54.42 per dollar as against the yesterday's closing level of 54.68 at the Interbank Foreign Exchange ( Forex) Market and moved up further to 54.31. However, it failed to maintain its initial gains and dropped to 54.54 per dollar before quoting 54.50 at 1050

 TRADING TIPS  SELL EUR/INR BELOW 72.20 FOR TGT 72.05/71.90 SL 72.35  PAST PERFORMANCE  SELL USD/INR BELOW 55.00 FOR TGT 54.85/54.70 SL 55.15 UNEXECUTED

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hrs on renewed demand for the US currency. The rupee moved in a range of 54.31 and 54.54 per dollar during the morning deals.Persistent foreign capital inflows into equity market are still supporting the rupee sentiment

REFERENCE RATE As on 2ND January 2013 UNDERLYING

RATE

USDINR

54.3890

EURINR

72.1900

GBPINR

88.7574

JPYINR

62.3200

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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

72.6000

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

72.8500

14650

89.0500 1053

High 4560

72.6900

5120

1183.5

72.8925

15052.5

89.2900

LTP

Low 4532

72.1600 5018 1178

72.4000 14800

88.7250

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Feb-2013 42300 1 GBP 4255589.3675 7/19/2012 42250 89.5100 42390

89.0125 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

63.0975

4265.5

63.7200 4518

4303

63.7200

781.3

62.0625 4315

62.7600

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 29-Jan-2013

12511USD 1282 54.8800 1251 54.8800 1246

USDINR

26-Feb-2013

1 USD

55.1025

USDINR

27-Mar-2013

1 USD

55.4000

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4676

782.85

63.0975

CHG

Close -28

72.2125

PERCENTAGE CHANGE

Prev. Close -0.61

72.7175

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.4425

88.8275 -8

72.9375

89.2825 -0.76

89.0600 45

89.5325 0.11

-1.55

-0.2

12

0.28

62.6775

62.8675

63.6700

63.8825

-124

-2.66

54.4725 1282

54.5675 36

2.89 55.0225

55.1025

54.7300

54.8075

55.2725

55.4000

54.9800

55.0750

55.5250

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DAILY USD/INR CHART

ANALYSIS OPEN: 54.7100 HIGH: 54.7650 LOW: 54.4725 CLOSE: 54.6575

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.6000 HIGH: 72.6900 LOW: 72.1600 CLOSE: 72.2125

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

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

2:25pm

EUR

3:00pm

GBP

German Unemployment Change Construction PMI

6:45pm

USD

7:00pm 9:30pm

ACTUAL

FORECAST

PREVIOUS

11K

5K

49.6

49.3

ADP Non-Farm Employment Change

134K

118K

USD

Unemployment Claims

356K

350K

USD

Crude Oil Inventories

-1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 3 JAN 2013  
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