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WEEKLY FOREX REPORT

                       10th DECEMBER 2012




WWW.EPICRESEARCH.CO                  +919752199966
 HEADLINES


                                  India's Forex reserves down by $471.3 million
                                   The foreign exchange reserves of the country fell by
                                   $471.3 million to $294.51 billion for the week ending
                                   November 30 due to slide in gold reserves and core
                                   currency assets, the Reserve Bank said today. The
                                   overall reserves had increased by $1.45 billion to
                                   $294.98 billion in the previous reporting week
                                  Rupee falls on euro weakness; fate of future
                                  reforms key
                                  The Indian rupee fell on Friday, snapping three
                                  sessions of gains, dragged by the euro's weakness, but
    RBI REFERENCE RATE           dealers said that the local currency may gain if the
                                  government can push through more reforms in
      As on 7THDECEMBER 2012
                                  parliament next week.The government expectedly won
                                  the vote on foreign investment in retail in the upper
                                  house of parliament on Friday. Bolstered by the win,
 UNDERLYING            RATE
                                  the government said it will bring more financial sector
   USDINR             54.20180    reform bills next week in parliament.
                                  Rupee washes out initial gains against dollar,
   EURINR             70.21750
                                  down 6 paise
   GBPINR             86.99930    The rupee failed to maintain initial gains against the
    JPYINR            65.77000    dollar in late morning deals today and was quoted
                                  lower by 6 paise to 54.20 on fresh demand of the
                                  American currency from banks and importers amid its
                                  higher value overseas.




www.epicresearch.co                                         +919752199966
PRODUCT       EXP DATE         OPEN       HIGH         LOW        CLOSE             LTP       CHG    PERCENTAGE
 NAME                                                                                                  CHANGE


             DAILY MARKET STATISTICS (As on 7THDecember 2012)
 CHANA        7/19/2012        4556       4573         4525        4560          4532          -28       -0.61

  Symbol       Series/Expiry       Unit          Open          High        Low            Close      Prev. Close
 CHILLI       7/19/2012        5060       5060         5018        5120          5018         -102       -1.99

  EUR-INR
  GUR           27-Dec-2012
              7/19/2012        1188 EUR 1188 70.5725
                                  1                1178 70.7350
                                                             1183.570.3275
                                                                         1178 70.6475
                                                                                   -5.5                70.9425
                                                                                                         -0.46

  EUR-INR
 JEERA          29-Jan-2013
              7/19/2012        14955EUR 1496070.9500
                                  1                14650 71.0000
                                                             15052.570.6175
                                                                          14800 70.8850
                                                                                    -252.5             71.1925
                                                                                                         -1.68

  GBP-INR
 KAPAS          27-Dec-2012
              7/19/2012        1044 GBP 1053 87.4225
                                  1                1035 87.7200
                                                              1049 87.1000
                                                                         1041 87.6475
                                                                                    -8                 87.4500
                                                                                                         -0.76

  GBP-INR
 PEPPER         29-Jan-2013
              7/19/2012        42300GBP 4255587.7150
                                  1                42250 88.0075
                                                              42390 87.3425
                                                                          42435 87.9350
                                                                                      45               87.7450
                                                                                                          0.11


  JPY-INR
REF SOYA        27-Dec-2012
              7/19/2012        780.5 JPY 783.6 65.8525
                                 100                 777.4 66.4400
                                                                782.8565.7425
                                                                            781.3 66.3850
                                                                                       -1.55           65.8525
                                                                                                          -0.2


  JPY-INR
SOY BEAN        29-Jan-2013
              7/19/2012        4309 JPY 4330 66.5000
                                 100              4265.5 66.6800
                                                               4303 65.9150
                                                                          4315 66.6375
                                                                                     12                66.0875
                                                                                                          0.28


  USD-INR
TURMERIC        27-Dec-2012
              7/19/2012        4600 USD 4676 54.3500
                                  1                4518 54.7650
                                                              4664 54.2725
                                                                         4540 54.7075
                                                                                   -124                54.2925
                                                                                                         -2.66


  USD-INR
 WHEAT        7/19/2012
                29-Jan-2013    1251 USD 1282 54.6100
                                  1                1251 55.0075
                                                              1246 54.5250
                                                                         1282 54.9625
                                                                                    36                    2.89
                                                                                                       54.5525



  USD-INR       26-Feb-2013       1 USD          54.8750      55.2400     54.7575         55.1900      54.7750




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




ANALYSIS
OPEN: 54.7000
HIGH: 55.4500
LOW: 54.2200
CLOSE: 54.7100

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




                 www.epicresearch.co                      +919752199966
 WEEKLY EUR/INR CHART




ANALYSIS
OPEN: 71.0600
HIGH: 71.9700
LOW: 70.3300
CLOSE: 71.6500

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




www.epicresearch.co                          +919752199966
FOREX FORTHCOMING EVENTS

DAY              TIME          CURRENCY DETAILS                                              ACTUAL       FORECAST           PREVIOUS

 MONDAY          10:45pm           GBP                  BOE Gov King Speaks

 TUESDAY          3:30pm            EUR               German ZEW Economic                                      -11.4                 -15.7
                                                            Sentiment
 TUESDAY          7:00pm           USD                    Trade Balance                                       -42.4B                -41.5B

WEDNESDAY         3:00pm           GBP                Claimant Count Change                                    5.1K                  10.1K

WEDNESDAY        11:00pm           USD                    FOMC Statement

THURSDAY         12:30am           USD             FOMC Economic Projections

THURSDAY          7:00pm           USD                    Retail Sales m/m                                     0.4%                  0.3%

THURSDAY          3:30pm            EUR                Unemployment Claims                                     370K                  370K

  FRIDAY          2:00pm            EUR         German Flash Manufacturing PMI                                                       46.8

  FRIDAY          7:00pm           USD                      Core CPI m/m                                       0.2%                  0.2%



 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 transactio n 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, togethe r 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

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WEEKLY FOREX REPORT BY EPIC RESEARCH- 10 DECEMBER 2012

  • 1. WEEKLY FOREX REPORT 10th DECEMBER 2012 WWW.EPICRESEARCH.CO +919752199966
  • 2.  HEADLINES India's Forex reserves down by $471.3 million The foreign exchange reserves of the country fell by $471.3 million to $294.51 billion for the week ending November 30 due to slide in gold reserves and core currency assets, the Reserve Bank said today. The overall reserves had increased by $1.45 billion to $294.98 billion in the previous reporting week Rupee falls on euro weakness; fate of future reforms key The Indian rupee fell on Friday, snapping three sessions of gains, dragged by the euro's weakness, but  RBI REFERENCE RATE dealers said that the local currency may gain if the government can push through more reforms in As on 7THDECEMBER 2012 parliament next week.The government expectedly won the vote on foreign investment in retail in the upper house of parliament on Friday. Bolstered by the win, UNDERLYING RATE the government said it will bring more financial sector USDINR 54.20180 reform bills next week in parliament. Rupee washes out initial gains against dollar, EURINR 70.21750 down 6 paise GBPINR 86.99930 The rupee failed to maintain initial gains against the JPYINR 65.77000 dollar in late morning deals today and was quoted lower by 6 paise to 54.20 on fresh demand of the American currency from banks and importers amid its higher value overseas. www.epicresearch.co +919752199966
  • 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS (As on 7THDecember 2012) CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Symbol Series/Expiry Unit Open High Low Close Prev. Close CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 EUR-INR GUR 27-Dec-2012 7/19/2012 1188 EUR 1188 70.5725 1 1178 70.7350 1183.570.3275 1178 70.6475 -5.5 70.9425 -0.46 EUR-INR JEERA 29-Jan-2013 7/19/2012 14955EUR 1496070.9500 1 14650 71.0000 15052.570.6175 14800 70.8850 -252.5 71.1925 -1.68 GBP-INR KAPAS 27-Dec-2012 7/19/2012 1044 GBP 1053 87.4225 1 1035 87.7200 1049 87.1000 1041 87.6475 -8 87.4500 -0.76 GBP-INR PEPPER 29-Jan-2013 7/19/2012 42300GBP 4255587.7150 1 42250 88.0075 42390 87.3425 42435 87.9350 45 87.7450 0.11 JPY-INR REF SOYA 27-Dec-2012 7/19/2012 780.5 JPY 783.6 65.8525 100 777.4 66.4400 782.8565.7425 781.3 66.3850 -1.55 65.8525 -0.2 JPY-INR SOY BEAN 29-Jan-2013 7/19/2012 4309 JPY 4330 66.5000 100 4265.5 66.6800 4303 65.9150 4315 66.6375 12 66.0875 0.28 USD-INR TURMERIC 27-Dec-2012 7/19/2012 4600 USD 4676 54.3500 1 4518 54.7650 4664 54.2725 4540 54.7075 -124 54.2925 -2.66 USD-INR WHEAT 7/19/2012 29-Jan-2013 1251 USD 1282 54.6100 1 1251 55.0075 1246 54.5250 1282 54.9625 36 2.89 54.5525 USD-INR 26-Feb-2013 1 USD 54.8750 55.2400 54.7575 55.1900 54.7750 www.epicresearch.co +919752199966
  • 4. WEEKLY USD/INR CHART ANALYSIS OPEN: 54.7000 HIGH: 55.4500 LOW: 54.2200 CLOSE: 54.7100 USD/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON RISE www.epicresearch.co +919752199966
  • 5.  WEEKLY EUR/INR CHART ANALYSIS OPEN: 71.0600 HIGH: 71.9700 LOW: 70.3300 CLOSE: 71.6500 EUR/INR LOOKS SIDEWAYS TREND: CONSOLIDATED STRATEGY: BUY ON RISE www.epicresearch.co +919752199966
  • 6. FOREX FORTHCOMING EVENTS DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS MONDAY 10:45pm GBP BOE Gov King Speaks TUESDAY 3:30pm EUR German ZEW Economic -11.4 -15.7 Sentiment TUESDAY 7:00pm USD Trade Balance -42.4B -41.5B WEDNESDAY 3:00pm GBP Claimant Count Change 5.1K 10.1K WEDNESDAY 11:00pm USD FOMC Statement THURSDAY 12:30am USD FOMC Economic Projections THURSDAY 7:00pm USD Retail Sales m/m 0.4% 0.3% THURSDAY 3:30pm EUR Unemployment Claims 370K 370K FRIDAY 2:00pm EUR German Flash Manufacturing PMI 46.8 FRIDAY 7:00pm USD Core CPI m/m 0.2% 0.2% 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 transactio n 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, togethe r 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