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DAILY FOREX REPORT RESEARCH VIA 5/14/2013

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9977785000


MARKET HEADLINES

 Rupee near two-month low; down 14 paise vs dollar The rupee was trading weaker at 54.94/95 versus its close of 54.80/81 on Friday as sharp losses in domestic shares and a broadly strong dollar hurt. The Indian currency fell to as low as 55.01 earlier in the session, its lowest since March 4. The main share index was trading down 1 per cent. Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency.

 Swiss franc near 8-1/2 month low vs dollar before US data The Swiss franc hovered close to last week's 8-1/2 month low against the dollar on Monday, and was stronger against the euro, with investors cautious before US retail sales. US retail sales in April are expected to have fallen 0.3 percent monthon-month, according to a Reuters poll. The franc was virtually unchanged against the dollar to trade at 0.95630 by 0720 GMT compared to the New York close. The franc strengthened 0.1 percent against the euro.

 Yen drops further as G7 avoids criticising Japan The yen suffered fresh losses on Monday after Group of Seven finance officials avoided direct criticism of Japan's monetary policy, which has pushed its currency to four-year lows. The yen hit 102.15 yen per dollar, its lowest since October 2008, on trading platform EBS as investors saw the G7 outcome as a green light to sell the currency. It was last steady at 101.65 yen, with traders saying investors took profit from the dollar's rise above 102 yen.


DAILY MARKET STATISTICS CURRENCY

EXPIRY

OPEN

HIGH

LOW

CLOSE

EURINR

29-May-2013

71.3450

71.5225

71.2000

71.2550

EURINR

26-Jun-2013

71.5675

71.7900

71.4825

71.5250

EURINR

29-Jul-2013

71.9500

72.0000

71.8725

71.8725

GBPINR

29-May-2013

84.4500

84.7000

84.2525

84.3250

GBPINR

26-Jun-2013

84.7000

85.0100

84.6125

84.6625

JPYINR

29-May-2013

54.1700

54.3375

54.0025

54.0925

JPYINR

26-Jun-2013

54.2750

54.5700

54.2375

54.3425

USDINR

29-May-2013

54.9825

55.1825

54.8500

54.8950

USDINR

26-Jun-2013

55.2000

55.4000

55.0750

55.1175

USDINR

29-Jul-2013

55.4600

55.6475

55.3500

55.3775

RBI REFERENCE RATE (As on 13TH MAY 2013) UNDERLYING

RATE

USDINR

54.9150

EURINR

71.3167

GBPINR

84.4428

JPYINR

54.0300


USDINR DAILY ANALYSIS

PIVOT POINTS  S1-54.67692  S2-54.6433  PP-54.9758  R1-55.1017  R2-55.3083


EURINR DAILY ANALYSIS

PIVOT POINTS  S1- 71.1658  S2-71.0767  PP-71.3442  R1-71.4333  R2-71.6117


GBPINR DAILY ANALYSIS

PIVOT POINTS

 S1-84.2025  S2-84.0800  PP-84.4475  R1-84.5700  R2-84.8150


54.9950

JPYINR DAILY ANALYSIS

PIVOT POINTS

 S1- 53.9508  S2- 53.8092  PP-54.1442  R1- 54.2858  R2- 54.4792


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