DAILY FOREX REPORT

RESEARCH VIA
5/14/2013

www.researchvia.com

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
EURINR EURINR EURINR GBPINR GBPINR JPYINR JPYINR USDINR USDINR USDINR

EXPIRY
29-May-2013 26-Jun-2013 29-Jul-2013 29-May-2013 26-Jun-2013 29-May-2013 26-Jun-2013 29-May-2013 26-Jun-2013 29-Jul-2013

OPEN
71.3450 71.5675 71.9500 84.4500 84.7000 54.1700 54.2750 54.9825 55.2000 55.4600

HIGH
71.5225 71.7900 72.0000 84.7000 85.0100 54.3375 54.5700 55.1825 55.4000 55.6475

LOW
71.2000 71.4825 71.8725 84.2525 84.6125 54.0025 54.2375 54.8500 55.0750 55.3500

CLOSE
71.2550 71.5250 71.8725 84.3250 84.6625 54.0925 54.3425 54.8950 55.1175 55.3775

RBI REFERENCE RATE (As on 13TH MAY 2013)

UNDERLYING USDINR EURINR GBPINR JPYINR RATE 54.9150 71.3167 84.4428 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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