1. No category

LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point,
Mumbai-400021
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Item
Open
High
Low
Close
% Cng
Net Cng
Trend
Market Update
Precious Metals
Gold $
1274.9
1276.0
1271.6
1274.8
0.0
0.0
17.22
17.25
17.12
17.21
0.0
0.0
LME Alum.
1872.0
1878.0
1868.0
1875.0
0.1
2.0
LME Copper
5513.5
5577.0
5513.5
5563.5
1.4
76.5
Silver $
India's manufacturing sector improved at a solid pace in January, though at a
slower rate than in the previous month, survey figures from Markit Economics
showed. The HSBC Purchasing Managers' Index, or PMI, decreased to 52.9 in
January from the two-year record high of 54.5 in December. Any reading
above 50 indicates expansion in the sector. The latest reading was a threemonth low, though it still signaled solid expansion. New orders and production
rose for the fifteenth consecutive month and at a solid pace in January, though
at a slower rate than in December. However, employment levels rose only
marginally in January. Input costs continued to increase, continuing the trend
started in April 2009, but the rate of inflation eased to the slowest in that
sequence. Output prices rose marginally in January.
Base Metal
LME Lead
LME Nickel
LME Zinc
1852.0
1860.0
1852.0
1859.0
0.8
14.0
15305.0
15305.0
15240.0
15280.0
0.2
25.0
2133.0
2139.5
2132.0
2135.0
0.4
8.0
Energy
Crude $
46.88
50.14
46.75
49.56
2.89
1.39
2.69
2.72
2.69
2.72
0.0
1.3
94.60
94.62
94.46
94.54
-0.0600
-0.0606
Euro
1.1336
1.1351
1.1333
1.1340
0.0400
0.0005
GB Pound
1.5029
1.5043
1.5022
1.5038
0.0700
0.0010
Japan YEN
117.68
117.69
117.14
117.28
-0.3400
-0.4000
Nat. Gas $
Currency
Dollar Index
Rus. Rouble
68.37
68.43
68.26
68.39
0.0700
0.0494
Singapore
1.3515
1.3522
1.3486
1.3506
-0.0700
-0.0010
Canadian
1.2575
1.2594
1.2560
1.2593
0.1400
0.0017
Swissfranc
0.9278
0.9296
0.9261
0.9278
0.0000
0.0000
RMB
6.2594
6.2600
6.2073
6.2559
-0.0600
-0.0035
TIME
ZONE
DATA
Forecast
Previous
3:30pm
EUR
Italian Prelim CPI m/m
0.001
0
3:30pm
EUR
PPI m/m
-0.007
-0.003
8:30pm
USD
Factory Orders m/m
-0.018
-0.007
8:30pm
USD
IBD/TIPP Economic Optimism
All Day
USD
Total Vehicle Sales
0
0
0
0
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
51.4
51.5
17.0M
16.9M
0
0
0
0
0
0
India revised up its economic growth to 6.9 percent from 4.7 percent in
the fiscal year to March 2014 on Friday after the government changed
the formula to measure the economy, a move that will make it easier for
the government to meet fiscal deficit goals. The new measurement of
gross domestic product (GDP) includes under-represented and informal
economic sectors as well as items such as smart phones and LED
television sets. The government also revised its GDP for 2012/13 to 5.1
percent from 4.5 percent earlier. New Delhi revises the method of
calculating national accounts and other macro data every five years,
bringing in a newer base year and adjusting for changes in the economy.
It will now use 2011/12 as the new base year, instead of 2004/05.
Page No
1
NSE-CUR USDINR Feb 2015
Rupee recovered from early losses after the domestic stock market
recouped much of its morning losses. The RBI will present its bi-monthly
policy review on 3 February at 11am, where it is largely expected to keep
interest rates unchanged after a cut in January. India's manufacturing
sector improved at a solid pace in January, though at a slower rate than
in the previous month, survey figures from Markit Economics showed.
The HSBC PMI decreased to 52.9 in January from the two-year record
high of 54.5 in December. The latest reading was a three-month low,
though it still signaled solid expansion. New orders and production rose
for the fifteenth consecutive month and at a solid pace in January,
though at a slower rate than in December. Sluggish growth and falling
inflation further reinforces our view that the RBI should deliver upfront
rate cuts. Growth in Indian factory activity slipped in January from
December's two-year high as new orders rose at a weaker rate despite
factories keeping price increases to a minimum, a business survey
showed. Since the beginning of this year, the rupee has strengthened
2.03% against the dollar, while foreign institutional investors have bought
$2.02 billion during the period from local equity markets and $3.34 billion
from debt markets. USDINR settled down -0.23% at 62.09, technically
market is under long liquidation as market has witnessed drop in open
interest by -6.59% to settled at 1211481 while prices down -0.145
rupee, now USDINR is getting support at 62.05 and below same could
see a test of 61.9025 level, And resistance is now likely to be seen at
62.3475, a move above could see prices testing 62.4975.
OPEN
HIGH
LOW
CLOSE
%
RE
VOL
OI
62.31
62.35
62.05
62.12
-0.18
-0.11
1,029,633
1201491
R1
R2
62.30
62.47
R3
62.60
PP
62.18
S1
62.00
S2
S3
61.88
61.70
Trading Ideas :
#
#
#
#
#
#
USDINR trading range for the day is 61.88-62.47.
Rupee recovered from early losses after the domestic stock market recouped much of its morning losses.
India's manufacturing sector improved at a solid pace in January, though at a slower rate than in the previous month.
Growth in Indian factory activity slipped in January from December's two-year high as new orders rose at a weaker rate.
RBI Reference Rate for USDINR was 61.884 vs 61.884.
SELL USDINR BELOW 62.05 SL 62.25 TGT 61.92-61.78.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
2
NSE-CUR EURINR Feb 2015
Euro continues its weak trend on cheap money policy stance taken by the
European Central Bank and as deflationary fears persists. Spain's
manufacturing sector continued to expand at a solid pace in January,
survey data from Markit Economics showed. The seasonally adjusted
manufacturing purchasing managers' index, or PMI, rose to 54.7 in
January from 53.8 in December, signaling solid growth. This marked the
fourteenth consecutive month of expansion in manufacturing activity.
Production increased at a faster pace in January. New orders grew for the
fourteenth successive month and at a quicker pace. Employment levels
continued to rise for the thirteenth successive month and the rate of job
creation accelerated to a seven-and-a-half year high. The euro area
jobless rate fell unexpectedly to the lowest level since August 2012, yet
remains elevated. The unemployment rate came in at a double-digit 11.4
percent in December, slightly down from 11.5 percent in November. It
was expected to remain unchanged at 11.5 percent in December. This
was the lowest rate reported in the euro area since August 2012. Spain's
economy grew at the fastest pace in seven years during the final three
months of 2014 even as the worsening deflation picture cast a cloud on
the recovery. Technically market is under fresh selling as market has
witnessed gain in open interest by 2.07% to settled at 39860 while prices
down -0.26 rupee, now EURINR is getting support at 70.0525 and below
same could see a test of 69.8875 level, And resistance is now likely to be
seen at 70.465, a move above could see prices testing 70.7125.
OPEN
HIGH
LOW
CLOSE
%
RE
VOL
OI
70.48
70.55
70.14
70.39
-0.34
-0.24
53,214
39578
R1
R2
70.58
70.77
R3
70.99
PP
70.36
S1
70.17
S2
S3
69.94
69.75
Trading Ideas :
#
#
#
#
#
#
EURINR trading range for the day is 69.94-70.77.
Euro continues its weak trend on cheap money policy stance taken by the European Central Bank and as deflationary fears persists.
The euro area jobless rate fell unexpectedly to the lowest level since August 2012, yet remains elevated.
Spain's manufacturing sector continued to expand at a solid pace in January, survey data from Markit Economics showed.
RBI Reference Rate for EURINR was 69.9413 vs 69.9413.
SELL EURINR BELOW 70.30 SL 70.60 TGT 70.08-69.85-69.60.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
3
NSE-CUR GBPINR Feb 2015
GBP pared come of losses supported by upbeat manufacturing activity
data from the U.K. although investors remained cautious amid ongoing
concerns over Greece. Pressure seen tracking a drop in 10-year UK
bonds yields which were trading near record lows on growing
expectations that interest rates in Britain will stay lower for longer.
Manufacturing activity in the U.K. expanded at a faster rate than
expected in January, easing concerns over the country’s economic
outlook, industry data showed. In a report, market research group Markit
said that its U.K. manufacturing PMI rose to a seasonally adjusted 53.0
last month from a reading of 52.7 in December. Manufacturing output
expanded for the twenty-third consecutive month underpinned by a
further increase in incoming new orders. Markets were still jittery after
Greece's new government said it will not cooperate with the International
Monetary Fund and the European Union and will not seek an extension to
its bailout program, underlining fears over a clash with its international
creditors. Meanwhile, sentiment on the dollar remained vulnerable after
the Commerce Department said in a report on Friday that the U.S.
economy expanded 2.6% in the final three months of 2014, below
expectations for a 3.0% gain and slowing sharply from growth of 5.0% in
the three months to September. Technically market is under fresh selling
as market has witnessed gain in open interest by 2.24% to settled at
22524 while prices down -0.6125 rupee, now GBPINR is getting support
at 93.05 and below same could see a test of 92.75 level, And resistance
is now likely to be seen at 93.8, a move above could see prices testing
94.25.
OPEN
HIGH
LOW
CLOSE
%
RE
VOL
OI
93.86
93.95
93.20
93.31
-0.54
-0.51
45,534
22379
R1
R2
93.77
94.24
R3
94.5
PP
93.5
S1
S2
S3
93.0
92.74
92.27
Trading Ideas :
#
#
#
#
#
#
GBPINR trading range for the day is 92.74-94.24.
GBP pared some of losses supported by upbeat manufacturing activity data from the U.K.
Manufacturing activity in the U.K. expanded at a faster rate than expected in January, easing concerns over the country’s economic outlook
Pressure seen tracking a drop in 10-year UK bonds yields which were trading near record lows.
RBI Reference Rate for GBPINR was 93.2716 vs 93.2716.
SELL GBPINR BELOW 93.20 SL 93.45 TGT 92.95-92.65.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
4
NSE-CUR JPYINR Feb 2015
JPY recovered from lows as the dollar slid following the release of
disappointing U.S. fourth quarter economic growth data. Japan's
manufacturing sector continued to expand at a steady pace in
January, the latest survey from Markit Economics showed. The
manufacturing purchasing managers' index edged up to 52.2 in
January from 50 in February. This was above the boom-or-bust level
of 50 that separates expansion from contraction and marked the
eight consecutive month of expansion. Among the individual
components of the survey, production and new orders expanded at a
solid pace, while there was also stronger improvement in staffing
numbers. Japan's housing starts declined slightly less-than-expected
in December, figures from the Ministry of Land, Infrastructure,
Transport and Tourism showed. Housing starts fell 14.7 percent
annually in December, after a 14.3 percent decline in the previous
month. The Commerce Department said in a report that the economy
expanded 2.6% in the final three months of 2014, below expectations
for a 3.0% gain and slowing sharply from growth of 5.0% in the
three months to September. Following its policy meeting on
Wednesday, the Fed said it would keep rates on hold at least until
June and reiterated its pledge to be patient on raising interest rates,
while acknowledging the solid economic recovery and strong growth
in the labor market. Technically market is under fresh selling as
market has witnessed gain in open interest by 0.52% to settled at
14045, now JPYINR is getting support at 52.68 and below same could
see a test of 52.5475 level, And resistance is now likely to be seen at
OPEN
HIGH
LOW
CLOSE
%
RE
VOL
OI
52.90
52.92
52.67
52.82
-0.13
-0.07
23,223
13839
R1
R2
52.94
53.06
R3
53.2
PP
52.8
S1
S2
S3
52.7
52.55
52.43
Trading Ideas :
#
#
#
#
#
#
JPYINR trading range for the day is 52.55-53.06.
JPY recovered from lows as the dollar slid following the release of disappointing U.S. fourth quarter economic growth data.
Japan's manufacturing sector continued to expand at a steady pace in January, the latest survey from Markit Economics showed.
BOJ Governor Kuroda says that weak $JPY depresses non-manufactures' profits
RBI Reference Rate for JPYINR was 52.61 vs 52.61.
BUY JPYINR @ 52.60 SL 52.40 TGT 52.85-53.10.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
5
SPREAD MATRIX FOR USDINR
MONTH
RATE
FEB
62.12
MAR
62.51
APR
62.92
FEB
SPREAD MATRIX FOR EURINR
APR
MONTH
RATE
0.79
FEB
70.39
0.41
MAR
70.81
-3.00
APR
71.16
-5.00
SPREAD MATRIX FOR GBPINR
MONTH
RATE
FEB
FEB
93.31
MAR
93.79
-3.00
APR
94.31
-5.00
APR
MONTH
RATE
0.485
1.00
FEB
52.82
0.52
MAR
53.11
APR
53.00
INR
U.S. $
MAR
APR
0.42
0.77
0.35
SPREAD MATRIX FOR JPYINR
MAR
MAJOR CURRENCY CROSS RATES
Last Trade
FEB
MAR
0.383
Euro €
U.K. £
￥en
FEB
MAR
APR
0.28
0.18
-0.10
RBI Reference Rate
1 INR
=
-
0.0162
0.0143
0.0108
1.9011
Date
1 U.S. $
=
61.795
-
0.8813
0.6649
117.280
USD
61.884
61.884
1 Euro €
=
70.076
1.1340
-
0.7540
133.01
EURO
69.941
69.941
1 U.K. £
=
92.927
1.5038
1.3258
-
176.37
YEN
52.610
52.610
1 ￥en
=
0.5251
0.0085
0.7517
0.0057
-
GBP
93.272
93.272
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
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Page No
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Contact Us
LKP SECURITIES LIMITED
Head Office
LKP SECURITIES LIMITED
Currency Desk
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Phone:022- 66351234 Ext 239 .
Disclaimer: The information in this document has been printed on the basis of publicly available information, internal data and other
reliable sources believed to be true and is for general guidance only. While every effort is made to ensure the accuracy and
completeness of information contained, the company makes no guarantee and assumes no liability for any errors or omissions of the
information. No one can use the information as the basis for any claim, demand or cause of action. LKP Securities Ltd., and affiliates,
including the analyst who have issued this report, may, on the date of this report, and from time to time, have long or short positions
in, and buy or sell the Currencies mentioned herein or engage in any other transaction involving such Currencies and earn brokerage
or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or
inconsistent with any recommendation and related information and opinions. LKP Securities Ltd., and affiliates may seek to provide or
have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the
companies referred to in this report, as on the date of this report or in the past.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
6