Daily Forex Report by www.epicresearch.co 4th February 2013

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, mcx gold tips

indore, India (prHWY.com) February 4, 2013 - HEADLINE
Rupee weaker on short-covering, weak shares
The rupee continued to trade weaker at 53.28/29 versus its Thursday's close of 53.2150/2250 as investors covered their short-dollar positions. The pair had rose to a three-and-a-half month high of 53.07 on Thursday. Losses in most other Asian currencies have also hurt the sentiment. South Korea's threat to impose a broad tax on financial transactions is the first sign of deepening concern in Asia that speculation of competitive currency devaluations is prompting investors to head for the exit. Domestic shares are trading down 0.3 per cent, sending the rupee further down but hopes for inflows towards Oil India's stake sale is keeping the losses in check.

TRADING TIPS:
* SELL USD/INR
* BELOW 53.44
* FOR TGT
* 53.29/53.14
* SL 53.64
PAST PERFORMANCE
* SELL USD/INR
* BELOW 53.39
* FOR TGT
* 53.24/53.09
* SL 53.59
* UNEXECUTED
ANALYSIS
DAILY USD/INR
* OPEN: 53.4150
* HIGH: 53.6125
* LOW: 53.3825
* CLOSE: 53.4400
* USD/INR LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE


DAILY EUR/INR
* OPEN: 72.6050
* HIGH: 72.9950
* LOW: 72.6050
* CLOSE: 72.8775
* EUR/INR LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DIPS

business analyst jobs
option tips
mcx gold tips
intraday trading tips
mcx tips


Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. We provide services in equity, commodity and Forex market.


GET FREE TRIAL +91 731 6642300
Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/
Or
http://www.epicresearch.co/images/past_performance/DAILY-FOREX-REPORT.pdf##

###

Tag Words: mcx gold tips, business analyst jobs, mcx tips, commodity tips, share tips, forex tips

Categories: Business

Press Release Contact
411 Milinda Manor (Suites 409 - 417)
2 RNT Marg Opp Central Mall
Indore (M.P.)

Link To This Press Release:

URL HTML Code