currency call update -->18 dec 2012

USDINR ALMOST ALL TARGET ACHIEVED MADE HIGH 55.14 CALL GIVEN IN MORNING
@54.81
RS.33000/- PROFIT  IN A SINGLE DAY ON 100000 INVESTMENT ONLY

currency call update ---->18 dec 2012

usdinr made low of 54.76 as it above of our buy price .....2nd target done made high 54.9750
next we looking to 55.15....

Currency Headlines------> 18 dec 2012

Currency Headlines
China Signals Tolerance of Slower Growth after 
Meeting
GB£
China said it will seek a higher “quality and efficiency” 
of growth next year, signaling new leaders may accept a 
reduced pace of expansion in exchange for a more 
sustainable model.
There was no mention of seeking “relatively fast” growth, a 
policy in place since 2006, in a report yesterday by the staterun Xinhua News Agency after the annual central economic 
work conference in Beijing. Leaders vowed to target 
“sustained and healthy development” as they maintain a 
“prudent” monetary policy and “proactive” fiscal stance, 
Xinhua said.
European Union, Singapore Complete Free 
Trade Pact Negotiations
The European Union and Singapore concluded negotiations 
on a free-trade agreement after almost three years of talks, 
boosting the bloc’s efforts to increase commerce with Asian 
nations to revive economic growth.
The EU will eliminate tariffs on all imports from Singapore 
over five years, while the island will allow duty-free access 
for all incoming shipments from the region immediately, the 
city’s Ministry of Trade and Industry said in a statement 
today. The deal will help companies from both signatories to 
bid for government contracts in the other’s market.
 
TECHNICAL INSIGHT
Post RBI Meet outcome, Currencies can see fast movement
either side

USD INR (DEC – Expiry)
USDINR is towards strong resistance zone, also the pair has
support on downside. Thus giving opportunity from both sides.
Buy near 54.60 SL 54.45 for possible TGT of 54.80/54.95/55.15
OR Sell near 55.20 SL 55.40 for possible TGT of
55.00/54.80/54.60

EUR INR (DEC – Expiry)
Euro has covered too much up move, in too little time. There are
chances of the pair correcting down from higher levels.
Sell near 72.63 SL 72.80 possible TGT 72.51/72.39/72.14

GBP INR (DEC – Expiry)
Pound can also face selling pressure from higher levels after too
sharp spike up. Can be Sold from higher levels.
Sell near 89.50 SL 89.67 possible TGT 89.35/89.16/88.97

JPY INR (DEC – Expiry)
Wait for RBI Outcome and USDINR Movement, as JPYINR is on
pull back from lower levels. However, Correction in USDINR can
pull it down.