Currency calls Report till 19th June

Date	Tips	Script	Target/SL	Profit/Loss in paisa
31-05-2012	Sell USDINR at 56.47 to 50, Target 56.38 and 32, Sl 56.55	USD INR	Both Targets Achieved	16
01-06-2012	Sell USDINR at 56.08 to 56.10, Target 55.95 and 55.90, SL 56.24	USD INR	SL Hit	-16
01-06-2012	BUY USDINR at 56.25 to 32, Target 56.50 and 60, Sl 56	USD INR	SL Hit	-27
04-06-2012	Positional  call :Sell USDINR at 55.70, target 55.45 and 55.0	USD INR	Booked profit at 55.27(07/06/2012)	43
04-06-2012	Sell USDINR at 55.72-76, Sl 56, Target 55.62, 50 and 45	USD INR	Two target achieved(day low 55.47)	22
05-06-2012	Buy USDINR at 55.65 to 69, Target 55.79 and 84, Sl 55.50	USD INR	Exit at 55.62	-5
05-06-2012	Buy USDINR again at 55.70 to 73, target 55.85 and 90, Sl 55.55	USD INR	Both Targets Achieved	18
05-06-2012	Sell EURINR at 69.58 to 65, Target 69.45 and 40, Sl 69.77	EUR INR	Partial profit booked at 69.49, Both targets achieved	11
06-06-2012	Sell USDINR at 55.73 to 76, Target 55.55 and 55.50, SL 55.87	USD INR	Target achieved at 55.55	17
07-06-2012	Buy USDINR at 55.35 to 38, target 55.48 and 55.52, Sl at 55.23	USD INR	SL Hit	-12
07-06-2012	Sell USDINR at 55.20 to 25, Target 55.10 and 55, SL 55.39	USD INR	First Target achieved at 55.10	11
08-06-2012	Buy USDINR at 55.45 to 50, Target 55.60 and 65, Sl 55.30	USD INR	Both Targets Achieved	14
08-06-2012	Sell GBPINR at 85.85 and 90, Target 65 and 60, Sl 86.06	GBP INR	Partial Profit Book at 85.76	12
08-06-2012	Sell EURINR at 69.41 to 45, Target 69.25 and 15, Sl 69.65	EUR INR	Partial Profit booked at 69.28	14
08-06-2012	Sell GBPINR again at 85.89, Target 85. 75 and 65, Sl 86.06	GBP INR	Partial Profit booked at 85.76	12
11-06-2012	Sell USDINR at 55.24 to 28, Target 55.10, 55 and 55.95, Sl 55.50	USD INR	SL Hit	-25
11-06-2012	Sell USDINR at 55.89 to 92, Target 55.78 and 72, Sl 55.96	USD INR	Exit at 55.87	-2
12-06-2012	Buy USDINR at 55.97 to 56.01, Target 56.12 and 56.18, Sl 55.84	USD INR	Both Targets Achieved	18
13-06-2012	Sell USDINR at 55.94 to 55.99, Target 55.68 and 63, Sl 56.05	USD INR	Partial profit booked at 55.68	26
14-06-2012	Sell USDINR at 55.72 to 78, Target 55.62 and 55.58, Sl 55.88	USD INR	SL Hit	-16
19-06-2012	Buy USDINR At 56.03 to 56.05, target 56.15 and 18, Sl 55.91	USD INR	Partial profit booked at 56.15	12
19-06-2012	Sell JPYINR at 71.06 to 71.10, Target 70.75, Sl 71.21	JPY INR	Partial profit booked at 70.92	16
			Profit in Paisa	159

Total return from 31st May to 19th June is 159 Paisa.

Forex Exchange Morning Report (20/06/2012)

Market Outlook

I expect all four currency should open up today.

Market wrap

Expectations the Fed will deliver further stimulus tomorrow drove risk sentiment higher. The 2-day FOMC meeting ends with an announcement by Chairman Bernanke at 4:30am NZT, markets expecting further support for bond markets plus an extension of the on-hold timeframe beyond 2013. Also helping sentiment was a Guardian article suggesting that at the G20 summit, Germany had softened its opposition to the use of the EFSF/ESM bailout funds to directly intervene in Eurozone bond markets (although German officials later denied this). Greece is reportedly close to announcing a tri-party coalition. And the fall in UK CPI raised expectations of more QE there. The S&P500 is up 1.1%, following a 2.0% gain in European stocks. Commodities (CRB index) are up 1.3%. US 10yr treasury yields bounced from Asia's 1.56% to 1.64%. Spanish 10yr bonds rallied 12bp.

The US dollar index (DXY) fell around 0.9% during the London session. EUR rose from early London's 1.2569 to 1.2728. USD/JPY ranged sideways between 78.85 and 79.10. AUD rose from 1.0113 to 1.0201. NZD rose from 0.7909 to 0.7990.The GlobalDairyTrade auction saw whole milk powder prices rise 5%, causing a 15 pip rally immediately. AUD/NZD consolidated between 1.2760 and 1.2790.

Economic wrap

US housing starts fall 4.8% in May. The fall was due to a 21.3% drop in the volatile multiples component, but single family house starts rose 3.2%, a third straight gain which means their Jan-Feb declines have now been almost fully reversed. Indeed, single family starts are now up 26%yr compared to May last year. Meanwhile, housing permits rose 7.9% with single family up 4.0% and multiples bouncing 15.3%. Those numbers are impressive sounding although the absolute level of housing activity as measured by starts is still down 68%from the 2006 peak.

Canadian wholesale sales rose 1.5% in Apr, their third straight gain, driven by a surge in fertilizer sales (without which sales would have been unchanged in the month).

German ZEW analysts' economic sentiment fell from 10.8 to –16.9 in June, the steepest one month drop yet this century. The current index also fell quite sharply from 44.1 to 33.2 - German economists/analysts now see evidence that even their economy is taking a hit now from the sovereign debt crisis (as austerity elsewhere in Europe hits trade, perhaps), and they are very concerned about the outlook.

UK CPI falls from 3.0% yr to 2.8% yr in May, as lower fuel and food prices fed through. The BoE might be a little more inclined towards further QE now that inflation is less than 1% above the 2% target for the first time since 2009, a little earlier than implied by their most recent central projections. Meanwhile in April the ONS house price index rose 1.4% yr, its fastest in a year

Currency Tips

Fx Mudra: Currency Tips: (19/06/2012) Book partial profit in JPYINR at 70.92  (19/06/2012) Sell JPYINR at 71.06 to 71.10, Target 70.75, Sl 71.21 (19/06/2012...

Forex Exchange Morning Report (19/06/2012)

The favourable Greek election result lifted sentiment only briefly. The makeup of the coalition government remains unknown and there is scepticism Greece can meet even its revised fiscal targets. Moreover, the completed elections have served to shift focus onto Spain, its 10yr bond yield surging 45bp to a fresh record high of 7.29%. The G20 meeting offered little support, its draft communiqué offering nothing fresh on a grand European union plan. German Chancellor Merkel appeared to play to her electorate, saying Greece must stick to its reform plan. European stocks closed 1.2% lower (Spain down 3.0%), although the S&P500 is currently up 0.2%. The US homebuilders index is up 3.0% after a strong homebuilders’ confidence report. The CRB commodities index is 0.5% higher. US 10yr treasury yields ranged between 11.56% and 1.60%, currently unchanged at 1.58%.

The US dollar index (DXY) rose by around 1.0% overnight, forming a technically bullish reversal signal. EUR optimism following the Greek election was shortlived, the London session seeing it fall from 1.2725 to 1.2558. USD/JPY fell from 79.30 to 78.86 but recovered in NY to 79.10. AUD fell in London from 1.0125 to 1.0057 but recovered with US equities to make a fresh month high of 1.0142. NZD fell from 0.7944 to 0.7888 and recovered to 0.7933. AUD/NZD made a fresh two-month low at 1.2735 early London before firming to 1.2790

Economic wrap

US NAHB housing market index up 1 pt to 29 in June, after May revised down from 29 to 28. The index is at a 5 year high but still 60% lower than its 2005 peak.

UK house prices up 1.0% in June, for a 2.4% yr annual pace, according to the Nationwide.