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WEEKLY FOREX REPORT 7th JANUARY 2012

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ďƒ˜ HEADLINES Race for weakness to see euro, sterling gain in 2013 The yen and dollar face a tough 2013 as the Japanese and U.S. central banks print money furiously to stimulate their economies, making the euro and sterling unlikely relative winners despite Europe's gloomy prospects.With a global economic recovery looking shaky, analysts say the major central banks will be happy to see their currencies weaken this year if it helps their exporters to become more internationally competitive.

ďƒ˜ RBI REFERENCE RATE As on 4THJANUARY 2012

Pound retreats after weak services PMI as dollar gains Sterling fell to its lowest in more than three weeks against the dollar on Friday after weak UK services data and as the dollar rose broadly after some U.S.

UNDERLYING

RATE

USDINR

54.8458

EURINR

71.5405

GBPINR

88.1646

have contracted in the fourth quarter of 2012 following

JPYINR

62.5000

a third quarter rebound.

policymakers called for monetary stimulus to be slowed.Britain's dominant service sector shrank for the first time in two years in December, a purchasing managers' survey showed, suggesting the economy may

Forex reserves up by $39.4 million to $296.58 billion The country's forex reserves increased by $ 39.6 million to $ 296.578 billion on the back of rise in currency assets during the week ended December 28, the Reserve Bank said today.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

DAILY MARKET STATISTICS (As on 4thJANUARY 2012)

CHANA

7/19/2012

Symbol CHILLI EUR-INR GUR

4556

Series/Expiry 7/19/2012 5060Unit 29-Jan-2013 7/19/2012

4573

4525

5060 Open5018

4560

4532

-28

High

5120 Low 5018 Close -102

1 EUR 1188 71.65001178 72.0425 1188 1183.571.57001178 71.9600 -5.5

-0.61

Prev. Close

-1.99

71.7075

-0.46

EUR-INR JEERA

26-Feb-2013 1 EUR 1496071.8400 7/19/2012 14955 14650 72.2775 15052.571.8125 14800 72.1825 -252.5

GBP-INR KAPAS

29-Jan-2013 7/19/2012

1 GBP 1053 88.60001035 88.6950 1044 1049 88.21251041 88.5950-8

88.4875 -0.76

GBP-INR PEPPER

26-Feb-2013 42300 1 GBP 4255588.5700 7/19/2012 42250 88.9700 42390 88.5125 42435 88.8575 45

88.7475 0.11

71.9600

-1.68

REFJPY-INR SOYA

29-Jan-2013 7/19/2012

100 JPY 783.6 62.7325 780.5 777.4 62.8350 782.8562.5125781.3 62.7100 -1.55

62.9725 -0.2

SOYJPY-INR BEAN

26-Feb-2013 7/19/2012

100 JPY 4330 62.9050 4309 4265.5 63.0575 4303 62.75254315 62.9050 12

63.1525 0.28

USD-INR TURMERIC

29-Jan-2013 7/19/2012

1 USD 4676 54.83004518 55.3900 4600 4664 54.83004540 55.3325 -124

54.7300 -2.66

USD-INR WHEAT

26-Feb-2013 7/19/2012

1 USD 1282 55.16001251 55.6325 1251 1246 55.16001282 55.5800 36

54.9675 2.89

USD-INR

27-Mar-2013

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1 USD

55.3950

55.8700

55.3925

55.8275

55.2175

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WEEKLY USD/INR CHART

ANALYSIS OPEN: 55.0000 HIGH: 55.3900 LOW: 54.4700 CLOSE: 55.3300

USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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 WEEKLY EUR/INR CHART

ANALYSIS OPEN: 72.6400 HIGH: 72.9900 LOW: 71.4500 CLOSE: 71.9600

EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING EVENTS DAY

TIME

CURRENCY DETAILS

ACTUAL

FORECAST

PREVIOUS

THURSDAY

7:00 am

GBP

Asset Purchase Facility

375B

375B

THURSDAY

7:00 am

GBP

Official Bank Rate

0.50%

0.50%

THURSDAY

Tentative

GBP

MPC Rate Statement

THURSDAY

7:45am

EUR

Minimum Bid Rate

0.75%

0.75%

THURSDAY

8:30am

EUR

ECB Press Conference

THURSDAY

8:30am

USD

Unemployment Claims

361K

372K

FRIDAY

4:30 am

USD

Manufacturing Production m/m

0.6%

-1.3%

FRIDAY

8:30am

USD

Trade Balance

-41.1B

-42.2B

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weekly-forex-report BY EPIC RESEARCH 7 JAN 2013  
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