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DAILY FOREX REPORT 7TH MARCH 2013

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 HEADLINES Rupee off highs as oil firms step in to buy Rupee off the day's high of 54.6150 and currently trading at 54.78/79 versus its previous close of 54.92/93 as oil firms step in to buy dollars. The pair dropped sharply earlier in the session on the back of gains in regional risk assets. Some traders say buying was also seen ahead of RBI's reference rate fixing, though gains are unlikely to sustain for too long. All Asian currencies trading stronger compared to the dollar.

 TRADING TIPS  SELL EUR/INR BELOW 71.65 FOR TGT 71.50/71.35 SL 72.85 PAST PERFORMANCE  SELL EUR/INR BELOW 71.85 FOR TGT 71.70/71.55 SL 72.05 TARGET ACHIEVED www.epicresearch.co

REFERENCE RATE As on 6th March 2013 UNDERLYING

RATE

USDINR

54.7065

EURINR

71.4295

GBPINR

82.7873

JPYINR

58.6900

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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

71.7050

High 4560

71.8900

Low 4532

71.5425

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 4255583.9000 7/19/2012 42250 84.0375 42390

83.4375 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

59.2000

4265.5

59.3300 4676

4518

1183.5

72.2375

15052.5

83.6250

782.85

59.2375

4303

59.5075

5018 1178

71.9075 14800

83.0175

781.3

58.9450 4315

59.2050

CHG

Close -28

71.8500

PERCENTAGE CHANGE

Prev. Close -0.61

71.6600

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.2125

83.5700 -8

72.0025

82.9325 -0.76

83.9975 45

83.3500 0.11

-1.55

-0.2

12

0.28

59.2100

59.4700 -124

58.9875

59.2400

4664

4540

WHEAT USDINR

7/19/2012 27-Mar-2013 12511USD 1282 55.1000 1251 55.1800 1246

54.8950 1282

55.1550 36

2.89 55.1575

USDINR

26-Apr-2013

1 USD

55.4775

55.5075

55.2200

55.4825

55.4775

USDINR

29-May-2013

1 USD

55.7225

55.7800

55.5000

55.7550

55.7525

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4600

14650

83.0975

REF SOYA

JPYINR

1178

72.0825

5120

LTP

CHILLI

EURINR

5018

CLOSE

-2.66

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DAILY USD/INR CHART

ANALYSIS OPEN: 55.0000 HIGH: 55.1550 LOW: 54.9025 CLOSE: 55.0000

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 71.8500 LOW: 71.9450 HIGH: 71.5400 CLOSE: 71.6700

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

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FOREX FORTHCOMING DATA TIME

CURRENCY

6:15pm

EUR

DATA

ACTUAL

FORECAST

PREVIOUS

0.75%

0.75%

7:00pm

EUR

Minimum Bid Rate ECB Press Conference

7:00pm

USD

Trade Balance

-42.8B

-38.5B

7:00pm

USD

Unemployment Claims

354K

344K

8:30pm

USD

IBD/TIPP Economic Optimism

46.3

47.3

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DAILY-FOREX-REPORT BY EPIC RESEARCH 7 MARCH 2013