DAILY FOREX REPORT FROM RESEARCH VIA 3/NOV/2014

MARKET HEADLINES 

• Rupee gains 8 paise against dollar on foreign capital inflows
  The Snapping its four-day falling streak, the rupee rose by eight paise to 61.37 against the US dollar in early trade today on sustained foreign capital inflows amidst a higher opening in the domestic equity market. Increased selling of the American currency by banks and exporters amid sustained foreign capital inflows following a slew of reforms announced by the government supported the rupee but the dollar's firmness against other currencies overseas capped the gains, dealers said. Besides, a strong rally in domestic equity market in opening trade helped the rupee, they added. The rupee depreciated by 10 paise to close at two-week low of 61.45 against the Greenback in yesterday's trade after the US Federal Reserve kept in place its plans to maintain record low interest rate for some more time. The rupee depreciated by 10 paise to close at two-week low of 61.45 against the Greenback in yesterday's trade after the US Federal Reserve kept in place its plans to maintain record low interest rate for some more time.

Meanwhile, the benchmark BSE Sensex rose 147.26 points, or 0.53 per cent, to hit new lifetime high of 27,493.59 in opening trade.

• China's yuan rises on corporate dollar sales, set to rise 0.5 per cent in October

China's yuan edged higher against the dollar on Friday, buoyed by strong corporate dollar sales, traders said, and it is set to show a gain of 0.5 per cent in October, the fifth straight month of mild appreciation.

"Many companies are selling dollars this morning, continuing a recent trend," said a trader at an Asian bank in Shanghai, adding that the corporate dollar sales might indicate the market is betting on strong exports again in October. Spot yuan stood at 6.1103 per dollar by midday, 0.09 per cent firmer than Thursday's close. The People's Bank of China (PBOC) fixed its midpoint at 6.1461, practically unchanged from Thursday's fix. October trade data is due on November 8. A run of higher export figures has helped the Chinese currency rise more than 2 per cent since May. 

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DAILY FOREX REPORT RESEARCH VIA 14/oct/2014

MARKET HEADLINES

• Rupee up 8 paise against dollar in early trade

The rupee recovered by 8 paise to 61.27 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the American currency.

Besides strengthening of the euro and yen against the dollar in overseas market supported the rupee, but a lower opening in the domestic equity market capped gains, forex dealers said.

The rupee had lost 30 paise to close at 61.35 in the previous session on Friday on fresh demand for the US currency from banks and importers due to firm dollar overseas and sharp fall in local equities.

The benchmark BSE Sensex fell by 159.35 points, or 0.61 per cent, to 26,138.03 in early trade today.

• Rupee down 30 paise at 61.35 vs dollar

Snapping a four-day gaining spree, the rupee today fell by 30 paise to close at 61.35 against the dollar on fresh demand for the US currency from banks and importers due to firm dollar overseas and sharp fall in local equities.

The local currency rupee resumed lower at 61.15 per dollar as against yesterday's closing level of 61.05 at the Interbank Foreign Exchange ( Forex) and dropped further to 61.36 per dollar before concluding the day at 61.35 per dollar, a loss of 30 paise or 0.49 per cent.

It moved in a range of 61.11 and 61.36 per dollar during the day.

"Rupee traded weak today taking cues from strong dollar overseas and weak local equities. After depreciating for four continuous weeks, rupee posted its first weekly gain this week," said Pramit Brahmbhatt, CEO, Veracity Group. 

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DAILY FOREX REPORT FROM RESEARCH VIA 16/SEP/2014

MARKET HEADLINES

• Rupee falls 32 paise against dollar
  The rupee depreciated by 32 paise to 60.97 against the US dollar in early trade today at the Interbank Foreign Exchange due to increased demand for the US currency from importers amid a weak opening in the domestic equity market.The currency hit its day's low of 61.14 against the dollar. Forex dealers said besides fresh demand from importers for the American unit, a lower opening in the domestic equity market as well as decline in industrial production growth to 4-month low of 0.5 per cent in July, put pressure on the rupee. However, the dollar's gain against the euro overseas, capped the losses, they said.The rupee had gained 28 paise, notching up its best daily gain in a month, to end strong at 60.65 against the Greenback in the previous session on Friday on heavy dollar selling by banks and exporters amid positive cues from equity markets. Meanwhile, the benchmark BSE Sensex dipped below the 27,000-mark by falling 185.55 points, or 0.69 per cent, to 26,875.49 in early trade today.
• Investigators turn bankers into informants in forex probe:WSJ
  US investigators have turned several bank employees into informants to gather evidence against some of their colleagues in the probe of possible manipulation of currency markets, the Wall Street Journal reported, citing people familiar with the matter. Britain's Financial Conduct Authority (FCA) and US regulators are investigating allegations that dealers at major banks colluded and manipulated key reference rates in the $5.3 trillion-a-day foreign currency market, the world's biggest and least regulated. The Journal report said it isn't clear which banks had secret informants cooperating with the government investigation.

Ethical standards in the foreign exchange market have been put under a harsh spotlight since investigators in the United States, Europe and Asia started examining whether small groups of traders colluded to rig prices by sharing information about their clients' orders.

The global inquiry has not yet concluded but the review has shaken the industry, with dozens of top dealers put on leave or fired and banks under pressure to sharpen up oversight of their traders.

The FBI and US Justice Department were not immediately available for comment outside regular US business hours. 

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RESEARCH VIA DAILY FOREX REPORT 05/SEP/2014

MARKET HEADLINES

• Rupee up 2 paise against the US dolla
  
  The rupee was trading at 60.46/47, slightly higher from its Wednesday's close of 60.4850/4950. Gains in other Asian units versus the dollar was helping the pair slightly. The was pair seen in 60.35 to 60.65 range during the session. Losses in the domestic stock market, however, were likely to support the dollar. Traders were closely monitoring fund flows for near-term direction. The outcome of the ECB meeting later in the day and the US non-farm payrolls on Friday awaited.

• Euro slips before ECB policy decision, Swedish crown gains

The euro slipped against the dollar on Thursday, hovering near one-year lows hit earlier this week on expectations that the European Central Bank will flag the possibility of more monetary stimulus. Hopes of a peaceful resolution to the Russian-Ukraine conflict had shored up the common currency, only for Ukraine's prime minister to dismiss the proposal outlined by President Vladimir Putin. The Swedish crown rose against the euro after the Riksbank kept interest rates unchanged as expected and did not push back the timing of its first rate hike as some in the market had anticipated. Overall, the focus was on the euro before the ECB rate decision at 1145 GMT and President Mario Draghi's press conference 45 minutes later. The euro has already fallen a long way, dropping from a high of $1.3701 on July 1 to $1.3110 on Tuesday. It last fetched $1.3138, down 0.1 per cent. "The euro's downtrend is intact," said Niels Christensen, FX strategist at Nordea.

"But given a lot of the dovishness from the ECB has already been priced in there is a risk of a bounce if the ECB does not live up to expectations. Nevertheless, investors will look at upticks to initiate fresh short positions." Traders said some euro bears were just taking a breather due to uncertainty over whether the ECB will actually deliver a fresh round of policy stimulus or simply lay the groundwork to act at a later date. The euro could bounce to as high as around $1.3250 if the ECB holds off from any more easing, said Masafumi Yamamoto, market strategist for Praevidentia Strategy in Tokyo. "I don't think there is a need to lower interest rates just yet," he said, adding that while inflation in the euro zone has been slowing, the ECB will probably wait to see how the TLTRO plays out. The first TLTRO operation, the ECB's bank funding plan unveiled in June, is set for Sept. 18.

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RESEARCH VIA DAILY FOREX REPORT 03/SEP/2014

MARKET HEADLINES

• USD/INR retreats from session high; gains in local shareshurt
  USD-INR traded at 60.54/55, off the session high of 60.68 and versus Monday's close of 60.5250/5350. Traders say gains in the domestic share market hurt sentiment for the pair. Nifty was up 0.8 per cent. Most Asian FX, however, traded weaker against the dollar, limiting a further fall in the pair. Dollar inflows were also low following the US Labor Day holiday on Monday. USD-INR was seen in a 60.50-60.75 range during the day.
• Rupee down 11 paise against the US dollar in trade
  The rupee was trading at 60.63/64 versus Monday's close of 60.5250/5350. Broad gains in the US dollar versus majors and other Asian currencies hurting the pair. Dollar index was up 0.3 per cent. Traders said gains in the domestic share market, however, limiting the upside to the pair. Most Asian FX fell tracking broad dollar gains.
• Pound pares gains, gilts rise after UK factory data misses forecasts 
  Sterling pared gains against the dollar and euro on Monday, while bond futures gave up losses, after data showed activity in the UK's manufacturing sector slowed by more than expected in August. The pound fell to $1.6627 after the data, from $1.6645 beforehand, still leaving it 0.2 percent up on the day. The euro rose from a five-week low of 78.92 pence to trade at 79.03 pence. The Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) fell to 52.5 in August - its lowest level since June last year and below all forecasts in a Reuters poll - from July's downwardly revised 54.8. Separate data showed signs of moderation in the housing sector, as British mortgage approvals fell slightly in July. British government bond futures FLGcv1 pared some of their losses, gaining about five ticks to 113.47. The FTSEurofirst 300 index of pan-European shares turned negative after the UK data to trade 0.1 percent lower at 1,372.49 points at 0834 GMT.

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DAILY FOREX REPORT FROM RESEARCH VIA 01/SEP/2014

MARKET HEADLINES

• Euro falls to near 21-month low vs Swiss franc
  The euro fell to its lowest in nearly 21 months against the Swiss franc on Thursday amid speculation that the European Central Bank will ease monetary policy in coming months, possibly by quantitative easing. The euro fell to 1.20595 francs on trading platform EBS, its lowest since early December 2012 and down 0.1 percent on the day. Before the latest speculation about the ECB, the Swiss franc had been rising due to safe-haven inflows amid renewed tensions between Russia and Ukraine. A sustained drop in the euro could test the Swiss National Bank's three-year old pledge to cap the franc at 1.20 per euro. "The likelihood of the ECB taking further measures is increasing, should long-term inflation expectations fall further," said Esther Reichelt, currency strategist at Commerzbank. "This is exerting downward pressure on euro/Swiss franc. So long as such speculation persists, it will be difficult for it to recover on a sustained basis."

• Rupee volatility falls to 3-week low, but may soon spike

Rupee's one-month implied volatility fell to 6.137, lowest since August 5. But traders expect a surge in September. Key risk events include the Supreme Court ruling on coal blocks (September 1) and US employment data (September 5), say traders. September also marks the end of quarter, which typically leads to volatility as firms square books.

• Rupee recovers 7 paise against the US dollar
   The rupee recovered by 7 paise to trade at 60.38 against the US dollar in early trade today on selling of the American currency by banks and exporters amid sustained foreign capital inflows. Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas also supported the local currency, forex dealers said. Yesterday, the rupee had lost two paise to close at 60.45, nearing its four-week high levels, against the American currency on dollar demand from importers. Meanwhile, the benchmark BSE Sensex rose 82.66 points, or 0.31 per cent, to trade at new life-time high of 26,642.81 in opening trade today. 
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DAILY FOREX REPORT FOR 25/Aug/2014

MARKET HEADLINES

• Australia shares close higher for a 7th day, up 1.4% for week Australian shares edged 0.1 per cent higher on Friday, boosted by solid earnings from Santos Ltd which supported the energy sector, though gains were tempered as some stocks traded ex-dividend. Santos jumped 3.9 per cent to A$15.16, its highest since November 2013. The S&P/ASX 200 index added 6.7 points to 5,645.6 at the close of trade, and gained 1.4 per cent for the week, climbing for a second week. The benchmark posted its seventh consecutive session of gains, its longest such streak since mid-July. New Zealand's benchmark NZX 50 index added 0.3 per cent, or 14.1 points to 5,167.0.

• Rupee hits 3-week high on S&P's fiscal deficit talk The rupee strengthened on Friday to a three-week high against the dollar after Bloomberg quoted an analyst at Standard & Poor's calling the government's target to lower the fiscal deficit a positive for the country's ratings. "The fiscal policy stance has been a constraining factor for India's sovereign ratings for some time," Bloomberg quoted S&P's associate director of sovereign ratings, Agost Benard, as saying. "If authorities can deliver on their fiscal goals resulting in a lower debt and interest burden that would benefit India's credit fundamentals," he was also quoted as saying. "If authorities can deliver on their fiscal goals resulting in a lower debt and interest burden that would benefit India's credit fundamentals," he was also quoted as saying. The partially convertible rupee rose to as high as 60.3750 per dollar, its strongest level since July 31, but had eased to 60.45/46 by 12:33 pm. It closed at 60.61/62 on Thursday.The government has a fiscal deficit target of 4.1 per cent of gross domestic product for the year ending in March 2015.  

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DAILY FOREX REPORT FROM RESEARCH VIA 20/Aug/2014

MARKET HEADLINES

• Asia forex edge higher; yuan hits 5-month high
  Most emerging Asian currencies crawled higher on Tuesday with the Chinese yuan at a five-month high as geopolitical tensions over the conflict in Ukraine eased. The firm dollar, however, kept trading ranges tight. Spot yuan rose 0.1 per cent to 6.1368 per dollar, its strongest since March 13, amid confidence in China's economy even though the central bank set a lower official guidance rate. The Taiwan dollar advanced on strong domestic stocks, while the Malaysian ringgit rose on solid economic fundamentals. Regional equities gained after Russia's foreign ministry said on Monday a 'certain progress' was achieved during talks among Russia, Ukraine, Germany and France over the weekend. Still, the easing tensions over Ukraine, as well as a solid US housing data, supported the dollar. Investors are closely watching Wednesday's release of minutes from the Federal Reserve's July policy meeting and comments from a global central bankers' meeting in Jackson Hole, Wyoming, starting on Thursday. "I wouldn't expect strong hawkish signals from Jackson Hole," said Yuna Park, a currency and bond analyst at Dongbu Securities in Seoul. "If expectations of a delay in the Fed's interest hike build up, Asia FX will strengthen further. Weak economic fundamentals in Europe may also drive more funds to Asia."
• Dollar firm in Asia as Ukraine tensions ease
  The dollar held steady in Asia on Tuesday as concerns over a Ukrainian clash with Russia eased, while investors looked to a speech by the US Federal Reserve chief this week. In midday Tokyo trade, the greenback rose to 102.62 yen, up from 102.57 yen in New York and 102.32 yen in Tokyo earlier Monday. The euro was weaker at $1.3351 from $1.3363, while it bought 137.04 yen against 137.05 yen in US trade. "There was a general easing of geopolitical tensions, with no new developments being good news in Ukraine and Gaza," National Australia Bank said in a note. The Japanese yen and Swiss franc, considered safe-haven currencies in times of turmoil, notched up gains Friday after Ukraine said it had destroyed some Russian armoured cars, sparking fears of an escalation. Moscow dismissed the claim. A weekend meeting of the two nations' foreign ministers, which also involved officials from France and Germany, concluded with an agreement for the sides to meet again and continue trying to de-escalate the worst East-West crisis since the Cold War. In the Gaza Strip, a new 24-hour ceasefire came into effect Tuesday after Israeli and Palestinian negotiators agreed to extend a five-day truce, minutes before a midnight deadline, to allow for further talks on a long-term deal.

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DAILY FOREX REPORT FROM RESEARCH VIA 7/AUG/2014

MARKET HEADLINES

• China's yuan crosses midpoint into stronger territory for 1st time since March
  China's foreign exchange market on Wednesday traded yuan at a higher price than the official guidance rate for the first time since the currency's trading band was widened in March. The movement illustrates the steady return of bullish sentiment even in the face of flat guidance from the central bank. The People's Bank of China (PBOC) set the daily midpoint rate at 6.1681 per dollar on Wednesday. But the spot rate traded at 6.1680 per dollar in the afternoon, firmer than the midpoint for the first time since March 11 and its strongest position against the dollar since March 17. On March 15, the PBOC widened the intraday trading band - the range the spot rate has to trade above or below the daily fix - to 2 percent up from 1 percent, allowing greater two-way volatility into the market. Traders said the bank engineered a 3.3 percent depreciation in the Chinese currency in the first four months of this year to deter speculators from betting on a non-stop yuan appreciation. This caused the spot rate to trade far weaker than the midpoint for several months.

• South Korean won falters on firm US dollar, stocks down
  The South Korean won dropped on Wednesday as risk aversion stemming from escalating geopolitical tensions in Ukraine and broad dollar strength pressured the local currency. The won was quoted at 1,033.7 against the dollar at the end of onshore trade, down 0.5 percent from Tuesday's local close at 1,028.2. South Korean shares were also dragged down by concerns over Ukraine and profit-taking from institutions in afternoon trade, leaving the Korea Composite Stock Price Index (KOSPI) down 0.3 percent at 2,060.73 points. Institutions dumped a net 123.2 billion won ($119.21 million) worth of KOSPI shares after they turned net sellers past midday. 
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DAILY FOREX REPORT FROM RESEARCH VIA 5/Aug/2014

MARKET HEADLINES

• Rupee gains 29 paise against US dollar The rupee recovered from over four-month low by strengthening 29 paise to 60.89 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the US currency. Forex dealers said a higher opening in the domestic equity market also supported the rupee but the dollar's gain against other currencies overseas limited the rise. The domestic currency had lost 63 paise to close at over four-month low of 61.18 against the dollar in Friday's trade on weakness in global stock markets and a strong US currency overseas. Meanwhile, the benchmark BSE Sensex recovered by 128.14 points, or 0.50 per cent, to 25,608.98 in early trade today.
• Euro slips in Asia on Portugal bank bailout The euro slipped against the dollar in Asia on Monday following news of a bailout for a crisis-hit Portuguese bank, while the dollar held steady after falling on US jobs data. Portugal's central bank announced late Sunday that the nation will inject 4.4 billion euros ($5.9 billion) into the Banco Espirito Santo (BES) amid fears of a catastrophic bank run. The euro bought $1.3421 in Asia on Monday, down from $1.3430 in US trade late Friday, while fetching 137.80 yen against 137.75 yen. The dollar was at 102.66 yen compared with 102.60 yen in New York on Friday. The dollar slipped on Friday after US jobs data for July turned out to be solid but not strong enough to boost inflation expectations. Stocks were lacklustre Monday, weighed down by concerns over the impact of stricter sanctions on Russia on European economies and the situation surrounding the BES, said Yoshihiro Okumura, general manager of research at Chibagin Asset Management. "European risk is having an impact on the broader market," Okumura told Dow Jones Newswires. BES, Portugal's third-largest banking group, will be split into two entities, with its toxic assets isolated and its healthier assets regrouped in a new Novo Banco, national bank governor Carlos Costa said late Sunday. The market focus is now shifting to Thursday's monthly meeting of the European Central Bank (ECB), although it is widely expected to hold fire on new policy action despite a lingering threat of eurozone deflation and geopolitical risks. "The ECB might be enjoying a summer lull, eventually, with no hints of new action expected" at the upcoming meeting, Credit Agricole said in a note. The Bank of Japan (BoJ) is also scheduled to hold a two-day policy meeting later this week.

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DAILY FOREX REPORT FROM RESEARCH VIA 28/7/2014

MARKET HEADLINES

• Rupee ends slightly weaker after hitting 1-1/2 week high  
  The rupee ended weaker on Thursday, retreating from a more than one-week high hit earlier in the session on the back of month-end dollar demand from importers and possible intervention by the RBI. The rupee had inititally gained on sustained foreign fund inflows into the stock and debt markets and after India on Wednesday allowed foreign institutional investors to hold more government debt while reducing the portion available to long-term investors. But that was not enough to sustain the gains given heavy dollar buying by state-run banks to meet month-end import payment demands of clients, with some traders citing potential dollar buying by the Reserve Bank of India."There was good dollar selling by foreign banks at every level while there was good bidding from the state-run banks," said A. Ajith Kumar, a foreign exchange dealer with Federal BankBSE -4.44 %. "We are likely to continue seeing a 59.80 to 60.50 range for some more . The partially convertible rupee closed at 60.12/13 per dollar, compared with 60.0925/1025 on Wednesday. The unit hit 59.98 during the session, its strongest since July 14. Overseas buying of shares and debt continued with inflows of $139.5 million and $136.2 million respectively on Wednesday, taking total investments across the two segments to $24.97 billion so far in 2014. Foreign buying is helping prop up share markets, which rose to record highs on Thursday. In the offshore non-deliverable forwards, the one-month contract was at 60.32 while the three-month was at 60.79.
• China's yuan breaks three-day rising streak, guided by weakermidpoint  
  China's yuan snapped a three-day firming streak on Friday, after the central bank set a weaker midpoint for the third consecutive day in line with global strength in the dollar. Spot yuan changed hands at 6.1960 per dollar near midday, down 0.02 per cent from Thursday's close at 6.1949. The yuan hit a three-month high on Thursday. The People's Bank of China ( PBOC) fixed the official midpoint at 6.1597, down 0.03 per cent from the previous day's 6.1579. It is the lowest level in more than two weeks. "We saw some big banks bidding dollars in the morning, but we didn't see any corporate demand for dollars," said a trader at a Chinese bank in Shanghai. "The yuan will strengthen gradually in the coming months supported by both China's economic fundamentals and technical analysis," the trader said. China's factory sector turned in its best performance in five months in May, a preliminary HSBC survey showed on Thursday, though overall manufacturing growth still contracted slightly. The world's second-largest economy grew faster than expected in the second quarter as a burst of government stimulus paid dividends and recovered from an 18-month low growth rate in the first quarter. Traders said the central bank has stayed on the sidelines for quite some time after the sharp weakness of the yuan it engineered at the beginning of the year, and the current FX level seemed comfortable to the regulator.

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DAILY FOREX REPORT 8/july/2014

MARKET HEADLINES

• Euro struggles after German data, nears 2-year low vs sterling The euro fell on Monday, hitting a 22-month trough against the British pound, after weak German industrial data highlighted the divergent economic prospects between the euro zone and those of its biggest trading partners. German industrial output fell 1.8 per cent on the month in May, its biggest drop in more than two years, and surprised most who had forecast an unchanged reading. It kept alive expectations that the European Central Bank would have to loosen monetary policy further in coming months in the face of disinflationary pressures and subdued economic growth. In contrast, the Bank of England is expected to tighten policy before the end of this year or early next year. Investors have also brought forward the timing of the first rate hike by the U.S. Federal Reserve to the middle of 2015 after a stellar jobs report last week. That helped the dollar index trade near its highest in nearly two weeks, at 80.359. The euro was down 0.1 per cent at $1.3576, its lowest since July 26, while it fell to a 22-month low against the pound of 79.14 pence after the German data. "The German data was a bit weak and in line with recent euro zone data. This will add to selling pressure in the euro in the near term," said Yujiro Goto, currency analyst at Nomura. He expected euro/dollar to drift lower, especially in light of last week's U.S. jobs data. The strong non-farm payrolls report prompted traders to slightly increase bets that the Fed will lift rates in June next year.
• Dollar creeps higher as equities prepare for earnings The dollar was on its strongest run since late October on Monday as the momentum of last week's stellar U.S. jobs data carried markets towards what will be a crucial earnings season for record high shares. Weak manufacturing data from Germany took the wind out of European shares and the euro in early trading, but for the most part moves were minor and there was little reaction from the region's bond markets. The dollar, meanwhile, was up for its fifth straight day against a basket of other major currencies - its longest streak of gains since October - supported by the steady climb in U.S. bond yields since last week's robust U.S. jobs report. "Overall the dollar is a bit stronger and that will remain in place over the next week," said Vasileios Gkionakis Global Head of FX Strategy for UniCredit in London. "Rates in the U.S. are going to grind higher, dollar/yen is going to grind higher and probably in the next week or two against the euro as well." German industrial output fell 1.8 per cent on the month in May, its biggest drop in more than 2 years, confounding expectations of unchanged industrial output in Europe's powerhouse.  
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DAILY FOREX REPORT 24/june/2014

MARKET HEADLINES

• Rupee trims initial gains; trades lower against US dollar  
  The rupee trimmed its early gains to hit day's low of 60.27 in trade today due to uneven demand and supply of the US currency from banks. The local currency resumed higher at 60.10 per dollar as against the last weekend's level of 60.18 at Interbank Foreign Exchange ( Forex) market on initial selling of dollars by banks and exporters in view of recovery in the equity market. However, it failed to maintain initial gainson some demand for the American currency from banks. Crude oil prices edged higher in Asian today on continued violence in Iraq, but gains were capped as the risk premium associated with the crisis in the key crude producer is already factored in, analysts said. The US benchmark West Texas Intermediate was up 31 cents to USD 107.14. In New York market, the dollar rebounded on Friday, but posted weekly losses against most major rivals after the Fed signalled this week it was likely to keep interest rates low for a while.
• China's yuan rises for 2nd day on stronger midpoint, improved sentiment 
    China's yuan rose modestly against the dollar for the second day on Friday, buoyed by a marginally stronger central bank midpoint and improved sentiment after the currency's recent rebound, traders said. Spot yuan stood at 6.2286 per dollar at midday, up 0.02 per cent from Thursday's close, after the central bank fixed its midpoint at 6.1524, up 0.01 per cent from Thursday. The yuan has rebounded 0.5 per cent since the end of April after slumping 3.3 per cent in the first four months of this year as the People's Bank of China (PBOC) engineered a depreciation of the currency to deter speculators betting on non-stop yuan appreciation. More recently, however, the PBOC has fixed its midpoint generally stronger to signal that it may feel the depreciation earlier in the year was enough to deter punters, traders said. China's healthy export growth in May, which resulted in the country's biggest trade surplus in five years, also offered the central bank an easy excuse to let the yuan's depreciation take a pause, traders said. A Reuters poll of 11 currency analysts showed sentiment on the yuan turned bullish for the first time in four months, fueled by a change of the PBOC's tactics. Still, traders said the PBOC's recent midpoints have not sent signs that it is guiding yuan to resume appreciation. For instance, the central bank set three sharply lower midpoints in the first three days of this week as it moved to dampen speculation that it would allow the yuan to resume appreciation after the currency staged its biggest weekly rise of 0.6 per cent since late 2011 last week .
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RESEARCH VIA EQUITY TIPS AND STOCK FUTURE TIPS FOR TODAY

REVIA FUTURE: SELL CROMPTON BELOW 185.10 TGTS 184.70/184.05/183.20 SL 185.60 (9977785000) WWW.RESEARCHVIA.COM
 
REVIA FUTURE: CROMPTON HIT 1ST TGT 184.70 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM
 
REVIA FUTURE: CROMPTON HIT 2ND TGT 184.05 LOW OF 183.90 BOOK MORE PROFIT (9977785000) WWW.RESEARCHVIA.COM
 
REVIA FUTURE: CROMPTON HIT FINAL TGT 183.20 LOW OF 183.00 BOOK FULL PROFIT (9977785000) WWW.RESEARCHVIA.COM
 
REVIA ULTRA FUTURE: SELL CROMPTON BELOW 183.80 TGTS 183.15/182.30 SL 184.45 (9977785000) WWW.RESEARCHVIA.COM
 
REVIA ULTRA FUTURE: CROMPTON HIT 1ST TGT 183.15 LOW OF 183.10 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM 
 
REVIA FUTURE:SELL CAIRN BELOW 339.50 TGTS 338/335.50/332 SL 341 (9977785000)WWW.RESEARCHVIA.COM

REVIA FUTURE: CAIRN HIT 1ST TGT 338 LOW OF 337.95 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM   

REVIA FUTURE: CAIRN ALMOST HIT 2ND TGT 335.50 LOW OF 335.60 BOOK MORE PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA CASH: BUY BANK OF INDIA ABOVE 239.20 TGTS 241.10/244.60/249.60 SL 237.00 (9977785000) WWW.RESEARCHVIA.COM

REVIA CASH: BANK OF INDIA HIT 1ST TGT 241.10 HIGH OF 241.75 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA CASH: BUY CROMPTON ABOVE 181 TGTS 182.50/184.30/187 SL 179 (9977785000) WWW.RESEARCHVIA.COM

REVIA CASH: CROMPTON HIT 1ST TGT 182.50 HIGH OF 182.70 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

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TODAY's STOCK FUTURES TIPS FROM RESEARCH VIA

REVIA FUTURE: BUY JUBILANT FOOD ABOVE 1016 TGTS 1022/1032/1046 SL 1008 (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: JUBILANT FOOD HIT 1ST TGT 1022 CMP 1023 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: JUBILANT FOOD HIT 2ND TGT 1032 BOOK MORE PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY PNB ABOVE 675.50 TGTS 678.50/683.50/690.50 SL 671.50 
(9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: PNB HIT OUR 1ST TGT 678.50 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY ADANI ENTERPRISE ABOVE 334.90 TGTS 335.65/ SL 334.15 (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: ADANI HIT 1ST TGT 335.65 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: BUY JP ASSOCIATE ABOVE 49.00 TGTS 49.35/49.80 SL 48.55 (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: JP ASSOCIATE HIT 1ST TGT 49.35 HIGH OF 49.40 BOOK PART PROFIT(9977785000) WWW.RESEARCHVIA.COM

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TODAY'S MCX AND STOCK FUTURE SURE SHOT CALLS

REVIA ULTRA FUTURE: SELL ADANI ENTERPRISE BELOW 306 TGTS 304.75/303 SL 307.25 (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: ADANI ENTERPRISE HIT 1ST TGT 304.75 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: BUY AURO PHARMA ABOVE 517.50 TGTS 518.75/520.50 SL 516.25 (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: AURO PHARMA HIT 1ST TGT 518.75 HIGH OF 519 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM
 
REVIA FUTURE: SELL BANK INDIA BELOW 194 TGTS 193.25/192/190.25 SL 194.75 (9977785000) WWW.RESEARCHVIA.COM
 
REVIA FUTURE: BOOK PART PROFIT IN BANK INDIA SELL CALL AT CMP 193.35 NEAR TO OUR 1ST TGT 193.25 (9977785000) WWW.RESEARCHVIA.COM
 
REVIA FUTURE: SELL BHEL BELOW 176.10 TGTS 175.35/174.10/172.35 SL 176.85 (9977785000) WWW.RESEARCHVIA.COM
 
REVIA FUTURE: BHEL HIT 1ST TGT 175.35 LOW OF 175.20 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: BUY APOLLO TYRE ABOVE 130.45 TGTS 131.20/132.45/134.20 SL 129.70 (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: APOLLO TYRE HIT 1ST TGT 131.20 HIGH OF 131.90 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA MCX: CORRECTION SELL GOLD BELOW 30560 TGTS 30510/30440/30340 SL 30610 (9977785000) WWW.RESEARCHVIA.COM  

REVIA MCX: BOOK PART PROFIT IN GOLD SELL CALL AT CMP 30520 NEAR TOP OUR 1ST TGT 30510 (9977785000) WWW.RESEARCHVIA.COM

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TODAY's EQUITY TIPS, FUTURES TIPS and MCX TIPS

EQUITY TIPS

REVIA ULTRA CASH: BUY HIND PETRO ABOVE 270.50 TGTS 273.50/278.50 SL 267.20 REVIA ULTRA CASH: HIND PETRO HIT 1ST TGT 273.50 HIGH OF 274.60 BOOK PART PROFIT

REVIA CASH: BUY ADANI PORTS ABOVE 177.20 TGTS 178.50/180.50/183.50 SL 175.90 

REVIA CASH: ADANI PORTS HIT 1ST TGT 178.50 BOOK PART PROFIT

REVIA FUTURE: SELL BHEL BELOW 161.60 TGTS 160.85/159.60 SL 162.35

REVIA FUTURE: BHEL HIT 1ST TGT 160.85 LOW OF 160.80 BOOK PART PROFIT

REVIA FUTURE: BUY LT ABOVE 1129 TGTS 1132/1137/1144 SL 1126

REVIA FUTURE: LT HIT 1ST TGT 1132 HIGH OF 1133.95 BOOK PART PROFIT

Free Mcx Tips

 

REVIA MCX: BUY LEAD ABOVE 133.50 TGTS 133.90/134.60/135.60 SL 133

REVIA MCX: LEAD HIT 1ST TGT 133.90 BOOK PART PROFIT (9977785000) 

 

REVIA MCX: BUY ZINC ABOVE 133 TGTS 133.40/134.10/135.10 SL 132.50

REVIA MCX: ZINC HIT 1ST TGT 133.40 BOOK PART PROFIT 

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