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DAILY FOREX REPORT

                  4TH JANUARY 2013




WWW.EPICRESEARCH.CO                  +919752199966
 HEADLINES
                        Indian Rupee slightly lower on short-covering,
                        oil demand

                        Indian Rupee continues to trade stronger on the day at
                        54.42/43 versus its previous close of 54.35/36 as some
                        investors cover short dollar positions after the recent fall
                        in the pair. Dollar buying from oil refiners is also aiding
                        the pair. Mild loss in domestic shares and broad optimism
                        on expectations of a rate cut later this month are keeping
                        sentiment for the dollar subdued, limiting a very sharp
                        rise. Domestic shares are trading up 0.2 per cent.

                        Rupee falls by 10 paise against dollar in early
                        trade
 TRADING TIPS
                        The rupee depreciated by 10 paise to 54.45 against the US
 SELL USD/INR          dollar in early trade today on the Interbank Foreign
  BELOW 54.70           Exchange due to appreciation of the American currency
  FOR TGT               against the euro and other currencies in overseas markets.

  54.55/54.40           Dealers attributed the rupee's fall to dollar gains against
                        the euro overseas and sustained demand for the American
  SL 54.85
                        currency from importers.
 PAST
  PERFORMANCE                        REFERENCE RATE
 SELL EUR/INR                       As on 3RD January 2013
  BELOW 72.20
  FOR TGT                        UNDERLYING                RATE

  72.05/71.90                       USDINR                54.4153

  SL 72.35                          EURINR                71.4945

  UNEXECUTED                        GBPINR                88.2888

                                    JPYINR                62.3600




 www.epicresearch.co                                      +919752199966
DAILY MARKET STATISTICS

PRODUCT     EXP DATE        OPEN        HIGH        LOW         CLOSE       LTP      CHG       PERCENTAGE
 NAME                                                                                            CHANGE

 Symbol     Series/Expiry       Unit             Open         High        Low         Close      Prev. Close
 CHANA      7/19/2012       4556        4573        4525         4560      4532      -28          -0.61

 EURINR     29-Jan-2013        1 EUR            72.1000      72.1000     71.4500     71.7075      72.2125
 CHILLI     7/19/2012       5060        5060        5018         5120      5018      -102         -1.99


  GUR       7/19/2012       1188        1188        1178        1183.5     1178      -5.5         -0.46
 EURINR     26-Feb-2013        1 EUR            71.9000      72.9100     71.9000     71.9600      72.4425

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800    -252.5        -1.68
 GBPINR     29-Jan-2013        1 GBP            88.6300      88.7000     88.3900     88.4875      88.8275
 KAPAS      7/19/2012       1044        1053        1035         1049      1041       -8          -0.76


 GBPINR
 PEPPER      26-Feb-2013 42300 GBP 4255588.7825
            7/19/2012        1               42250 88.9600
                                                       42390             88.7100
                                                                           42435     88.7475
                                                                                      45          89.0600
                                                                                                  0.11


REF SOYA    7/19/2012       780.5       783.6       777.4       782.85     781.3     -1.55        -0.2
 JPYINR     29-Jan-2013       100 JPY           62.6700      63.0700     62.5500     62.9725      62.6775

SOY BEAN    7/19/2012       4309        4330        4265.5       4303      4315       12          0.28

 JPYINR     26-Feb-2013       100 JPY           62.8000      63.2650     62.7625     63.1525      62.8675
TURMERIC    7/19/2012       4600        4676        4518         4664      4540      -124         -2.66


 USDINR
 WHEAT       29-Jan-2013
            7/19/2012          1USD 1282 54.5300
                            1251              1251 54.7900
                                                       1246              54.5225
                                                                            1282     54.7300
                                                                                      36          54.5675
                                                                                                  2.89



 USDINR     26-Feb-2013        1 USD            54.7600      55.0350     54.7600     54.9675      54.8075



 USDINR     27-Mar-2013        1 USD            55.1100      55.2800     55.0575     55.2175      55.0750




      www.epicresearch.co                                                          +919752199966
DAILY USD/INR CHART




ANALYSIS
OPEN: 54.5600
HIGH: 54.7900
LOW: 54.5225
CLOSE: 54.7300

    USD/INR LOOKS DOWNWARDS
    TREND: BEARISH

    STRATEGY: SELL ON RISE




         www.epicresearch.co                         +919752199966
DAILY EUR/INR CHART




ANALYSIS
OPEN: 71.6775
HIGH: 71.9250
LOW: 71.4500
CLOSE: 71.7075

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




        www.epicresearch.co                         +919752199966
FOREX FORTHCOMING DATA
    TIME                CURRENCY                           DATA                    ACTUAL          FORECAST           PREVIOUS
  12:30am                   USD               FOMC Meeting Minutes

   7:00pm                   USD               Non-Farm Employment                                      135K               146K
                                                     Change

   7:00pm                   USD                 Unemployment Rate                                      7.7%               7.7%

   8:30pm                   USD               ISM Non-Manufacturing                                    54.3                54.7
                                                      PMI

   9:30pm                   USD                 Crude Oil Inventories                                 -1.6M               -1.0M


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          www.epicresearch.co                                                                       +919752199966

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Daily forex-report by epic research 4 jan 2013

  • 1. DAILY FOREX REPORT 4TH JANUARY 2013 WWW.EPICRESEARCH.CO +919752199966
  • 2.  HEADLINES Indian Rupee slightly lower on short-covering, oil demand Indian Rupee continues to trade stronger on the day at 54.42/43 versus its previous close of 54.35/36 as some investors cover short dollar positions after the recent fall in the pair. Dollar buying from oil refiners is also aiding the pair. Mild loss in domestic shares and broad optimism on expectations of a rate cut later this month are keeping sentiment for the dollar subdued, limiting a very sharp rise. Domestic shares are trading up 0.2 per cent. Rupee falls by 10 paise against dollar in early trade  TRADING TIPS The rupee depreciated by 10 paise to 54.45 against the US  SELL USD/INR dollar in early trade today on the Interbank Foreign BELOW 54.70 Exchange due to appreciation of the American currency FOR TGT against the euro and other currencies in overseas markets. 54.55/54.40 Dealers attributed the rupee's fall to dollar gains against the euro overseas and sustained demand for the American SL 54.85 currency from importers.  PAST PERFORMANCE REFERENCE RATE  SELL EUR/INR As on 3RD January 2013 BELOW 72.20 FOR TGT UNDERLYING RATE 72.05/71.90 USDINR 54.4153 SL 72.35 EURINR 71.4945 UNEXECUTED GBPINR 88.2888 JPYINR 62.3600 www.epicresearch.co +919752199966
  • 3. DAILY MARKET STATISTICS PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Symbol Series/Expiry Unit Open High Low Close Prev. Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 29-Jan-2013 1 EUR 72.1000 72.1000 71.4500 71.7075 72.2125 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 EURINR 26-Feb-2013 1 EUR 71.9000 72.9100 71.9000 71.9600 72.4425 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 88.6300 88.7000 88.3900 88.4875 88.8275 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255588.7825 7/19/2012 1 42250 88.9600 42390 88.7100 42435 88.7475 45 89.0600 0.11 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 29-Jan-2013 100 JPY 62.6700 63.0700 62.5500 62.9725 62.6775 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 62.8000 63.2650 62.7625 63.1525 62.8675 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 54.5300 1251 1251 54.7900 1246 54.5225 1282 54.7300 36 54.5675 2.89 USDINR 26-Feb-2013 1 USD 54.7600 55.0350 54.7600 54.9675 54.8075 USDINR 27-Mar-2013 1 USD 55.1100 55.2800 55.0575 55.2175 55.0750 www.epicresearch.co +919752199966
  • 4. DAILY USD/INR CHART ANALYSIS OPEN: 54.5600 HIGH: 54.7900 LOW: 54.5225 CLOSE: 54.7300  USD/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  • 5. DAILY EUR/INR CHART ANALYSIS OPEN: 71.6775 HIGH: 71.9250 LOW: 71.4500 CLOSE: 71.7075  EUR/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  • 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 12:30am USD FOMC Meeting Minutes 7:00pm USD Non-Farm Employment 135K 146K Change 7:00pm USD Unemployment Rate 7.7% 7.7% 8:30pm USD ISM Non-Manufacturing 54.3 54.7 PMI 9:30pm USD Crude Oil Inventories -1.6M -1.0M Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966