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DAILY FOREX REPORT 9th APRIL 2013

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 HEADLINES

 Sterling stays near 6-week high vs dollar but vulnerable to losses Sterling edged lower against the dollar but traded close to a more than six-week peak on Monday after poor U.S. jobs data last week continued to fuel worries about a U.S. economic recovery and weigh on the dollar. The

 TRADING TIPS

pound however, could struggle to make any significant

 SELL EUR/INR

dismal performance and threats of another recession.

BELOW 70.90 for

gains from here given the British economy's own

 Rupee trades stronger on day; may fall later

TGTS of

The rupee traded stronger at 54.67/68 versus Friday's

70.75/70.60

which is hovering near its two-week highs hit last week.

STOP LOSS 71.05  PAST PERFORMANCE

close of 54.8050/8150 tracking a broadly strong euro, A choppy share market also failed to provide any clear direction. Sensex was down 0.2 per cent.

RBI REFERENCE RATE As on 8th February 2013

 SELL USD/INR UNDERLYING

RATE

USDINR

54.7215

TGT 54.65/54.50

EURINR

71.0502

SL 54.95

GBPINR

83.8771

TARGET HIT

JPYINR

55.5100

ABOVE 54.80 FOR

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PRODUCT NAME

EXP DATE

OPEN

CHG

PERCENTAGE CHANGE

CHANA

7/19/2012

4556

-28

-0.61

Symbol CHILLI

Series/Expiry 7/19/2012

5060Unit

5060 Open 5018 High 5120

5018

Close

-102

Prev. -1.99 Close

EUR-INR GUR

26-Feb-2013 7/19/2012

1 EUR 1188

118870.90001178 71.2900 1183.5 70.9000 1178

71.1850

70.6225

EUR-INR JEERA

27-Mar-2013 7/19/2012

1 EUR 1496071.450014650 71.6850 14955 15052.5 71.4500 14800

71.6000 -252.5

71.0075 -1.68

GBP-INR KAPAS

26-Feb-2013 7/19/2012

1 GBP 1044

83.8275 -8

83.1325 -0.76

GBP-INR PEPPER

27-Mar-2013 7/19/2012

1 GBP 4255584.250042250 84.3925 42300 42390 84.1725 42435

84.3075 45

83.5650 0.11

JPY-INR REF SOYA

26-Feb-2013 7/19/2012

100 JPY 783.657.0000777.4 57.5750 780.5 782.85 56.5100 781.3

57.3075 -1.55

57.7925 -0.2

JPY-INR SOY BEAN

27-Mar-2013 7/19/2012

100 JPY 433057.28254265.557.90004303 57.1500 4309 4315

57.6575 12

58.1250 0.28

USD-INR TURMERIC

26-Feb-2013 7/19/2012

1 USD 4600

467655.06254518 55.17754664 55.0400 4540

55.1025 -124

55.1600 -2.66

USD-INR WHEAT

27-Mar-2013 7/19/2012

1 USD 1251

128255.46501251 55.50251246 55.3700 1282

55.4350 36

55.4875 2.89

USD-INR

26-Apr-2013

1 USD

55.7325

55.7775

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HIGH

LOW

CLOSE

LTP

DAILY MARKET STATISTICS 4573

4525

4560

4532

Low

105383.50001035 84.00001049 83.5000 1041

55.7375

55.7900

55.6775

-5.5

-0.46

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 DAILY USD/INR CHART

ANALYSIS OPEN: 54.7800 HIGH: 54.7900 LOW: 54.4800 CLOSE: 54.5400

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BUY ON DIPS


 DAILY EUR/INR CHART

ANALYSIS OPEN: 71.1700 HIGH: 71.1800 LOW: 70.8600 CLOSE: 70.9700  EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

EUR

Manufacturing Production m/m

4:30am

ACTUAL

FORECAST

PREVIOUS

0.4%

-1.5%

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DAILY-FOREX-REPORT BY EPIC RESERACH 9 APRIL 2013