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WEEKLY FOREX REPORT 22ND APRIL 2013

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 HEADLINES 

Dollar, euro rise one percent on day versus weaker yen The yen extended falls on Friday, with the dollar and the euro gaining one percent on the day, after the G20 did not criticise Japan's aggressive monetary easing that has weakened its currency.Japan's Finance Minister Taro Aso said on Thursday the Group of 20 has accepted Japan's explanation that its monetary easing is aimed at beating deflation and not at competitively weakening the yen

 RBI REFERENCE RATE As on 12TH APRIL 2013

Over-reliance on a single currency for global trade is dangerous: D Subbarao, RBI governor The Reserve Bank of India governor, Duvvuri Subbarao, said the attempts by central banks of emerging markets to defend a sliding currency are akin

UNDERLYING

RATE

USDINR

54.0298

EURINR

70.4933

GBPINR

82.4306

failure to defend it against the market tide will cause

JPYINR

55.1400

more harm than good, he said.

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to catching a falling knife, and the global financial system may be best served by more than one reserve currency.Depleting the reserves arsenal at a time of weakness will leave the central banks exposed and

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

DAILY MARKET STATISTICS (As on18THAPRIL 2013)

CHANA

7/19/2012

Symbol CHILLI

Series/Expiry 5060Unit 7/19/2012

EUR-INR GUR

26-Apr-2013 7/19/2012

4556

4573

4525

4560

5060 Open5018

High5120

4532

-28

Low 5018 Close -102

1 EUR 1188 70.80001178 70.8000 1188 1183.570.41751178 70.5850 -5.5

JEERA EUR-INR

7/19/2012 14650 71.2150 15052.570.8400 14800 70.9825 -252.5 29-May-2013 14955 1 EUR 1496071.2150

KAPAS

7/19/2012

1044

1053

PEPPER

7/19/2012

42300

42555

42250

REF SOYA

7/19/2012

780.5

783.6

777.4

GBP-INR

GBP-INR

JPY-INR

SOY BEAN JPY-INR

TURMERIC USD-INR

WHEAT

26-Apr-2013

29-May-2013

1 GBP

1 GBP

7/19/2012

4309 4600

4330

1251

4265.5 55.6400

4676

1 USD

26-Apr-2013

7/19/2012

55.1100

100 JPY

29-May-2013

7/19/2012

83.1225

100 JPY

26-Apr-2013

1035

82.6450

4518 54.1950

1282

1251

1049

82.7475

42390

83.1225

1041

82.1750

42435

82.6100

782.85 55.4400

4303 55.7775

4664 54.2750

1246

781.3

54.8900

4315 55.2175

4540 53.9500

1282

-8

82.4850

45

82.9000

-1.55 54.9425

12 55.2825

-124 54.0350

36

-0.61

Prev.-1.99 Close

71.1975 -0.46

-1.68 71.6175 -0.76

82.6925

0.11

83.1100

-0.2 55.4875

0.28 55.7975

-2.66 54.2275

2.89

USD-INR

29-May-2013

1 USD

54.6675

54.6875

54.2500

54.3075

54.5125

USD-INR

26-Jun-2013

1 USD

54.8075

54.8650

54.5500

54.6200

54.8200

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WEEKLY USD/INR CHART

ANALYSIS OPEN: 54.7600 HIGH: 54.7600 LOW: 53.7400 CLOSE: 54.0000

 USD/INR LOOKS SIDEWAYS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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 WEEKLY EUR/INR CHART

ANALYSIS OPEN: 71.5900 HIGH: 71.6100 LOW: 70.3600 CLOSE: 71.5400

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

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FOREX FORTHCOMING EVENTS DAY

TIME

CURRENCY

DETAILS

ACTUAL

FORECAST

PREVIOUS

MONDAY

10.00AM

USD

Existing Home Sales

4.98M

TUESDAY

2:00pm

USD

New Home Sales

411K

WEDNESDAY

5:45pm

USD

Core Durable Goods Orders m/m

-0.7%

THURSDAY

6:00pm

USD

Unemployment Claims

352K

FRIDAY

8:30am

USD

Advance GDP q/q

347K

346K

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weekly-forex-report BY EPIC RESEARCH 22 APRIL 2013