DAILY FOREX REPORT BY EPIC RESEARCH - 27- JULY 2012

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DAILY FOREX REPORT

27

TH

JULY 2012

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HEADLINES

Euro dips as Spain worries keep investors

wary:

The euro gave back some of the previous day's gains o

Thursday, with persistent worries about the possibilit

of Spain applying for a full bailout leaving investor

inclined to sell the currency on any rally. The euro wa

down 0.2 per cent at $1.2130, edging away from a hig

of $1.21705 reached on Wednesday.

Rupee will appreciate to levels of 54 by

December: RBS survey:

The Indian rupee is likely to appreciate to levels of 5

or below versus the US dollar by December, a surve

conducted by Royal Bank of Scotland (RBS) shows.

RBI REFERENCE RATE

As on 26TH

July 2012

UNDERLYING RATE

SDINR 55.9480

EURINR 67.9535

GBPINR 86.5572

JPYINR 71.5600

TRADING TIPS

Buy EUR/INR above

68.20 for targets of

68.32/68.45

Stop loss 68.00

PREVIOUS

PERFORMANCE

Sell USD/INR below

56.14 for targets of

56.02/55.90

Stop loss 56.30

2nd

target achieved






PRODUCT

NAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE

CHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

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

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

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

TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

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DAILY MARKET STATISTICS

Symbol Series/Expiry Unit Open High Low ClosePrev.Close

EUR-INR 27-Jul-12 1 EUR 68.0975 68.1975 67.6900 68.1225 68.2575

EUR-INR 29-Aug-12 1 EUR 68.3000 68.4650 68.0100 68.3875 68.5075

GBP-INR 27-Jul-12 1 GBP 86.7225 87.1000 86.4500 86.8100 87.0225

GBP-INR 29-Aug-12 1 GBP 87.0025 87.3275 86.7650 87.0625 87.3175

GBP-INR 26-Sep-12 1 GBP 87.2150 87.4700 87.1500 87.4700 87.5475

JPY-INR 27-Jul-12 100 JPY 71.5525 71.8200 70.9075 71.0550 71.7500

JPY-INR 29-Aug-12 100 JPY 71.9000 72.0525 71.0700 71.3125 71.9975

USD-INR 27-Jul-12 1 USD 56.0750 56.1100 55.5000 55.5675 56.1625

USD-INR 29-Aug-12 1 USD 56.4125 56.4125 55.7750 55.8275 56.4450

USD-INR 26-Sep-12 1 USD 56.6100 56.6500 56.0400 56.0875 56.7025






DAILY USD/INR CHART

ANALYSIS

OPEN: 56.0550

HIGH: 56.1100

LOW: 55.5000

CLOSE: 55.5675

USD/INR LOOKS BEARISH

TREND: DOWNWARDS

STRATEGY: SELL ON RISE.



FOREX FORTHCOMING INDEX

TIME CURRENCY DETAIL ACTUAL FORECAST PREVIOUS

12.30 P.M EUR Spanish Unemployment Rate 24.7% 24.4%

6.00 P.M USD Advance GDP q/q 1.5% 1.9%

6.00 P.M USD Advance GDP price Index q/q 1.6% 2.0%

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DAILY FOREX REPORT BY EPIC RESEARCH - 27- JULY 2012

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