MONDAY 8 February 2010 
  HOME IN FOCUS MEDIA
WATCH		 EQUITY FOREX FIXED
INCOME		 TRAILBLAZER COMMODITY
         
Interbank    
OPEN HIGH LOW CLOSE
84.9900 85.0250 84.9900 85.0000
Interbank / Interday Chart    

call rate / swap premium

kerb (PKR)    
  BUY SELL  
    UAE Dirham 23.38 23.64  
    EURO 118.67 120.89  
    UK Pound 135.59 137.51  
    Japanese Yen 0.94 0.95  
    Saudi Riyal 22.98 23.14  
    US Dollar 86.30 86.80  
Technical Sentiment    
    SENTIMENT Weak
    RESISTANCE R2
85.0400		 R1
85.0100
    SUPPORT S1
84.9800		 S2
84.9700
 
Outlook    
   Consolidating at around 85.00

 
 
 
 
 
 
 
 
 
 
 

Foreign Exchange Roundup
PKR is expected to trade between 84.90-85.15 due to payment pressure
PKR is expected to trade between 84.90-85.15 due to payment pressure. Both shorter and longer tenor swaps exhibited Sell/Buy activity with high volatility. Buy/Sell activity is expected in shorter tenors due to payment pressure while longer tenor activity is dependent on market demand.
 
Swap Watch
  SWAP Rates Swap Point

SWAP(%)

Call Rates
  Bid Offer Bid Offer Bid Offer
Overnight 0.0000 0.0000 0.0000 0.0000 12.2500 12.4000 0.0000
1 week 85.1700 85.2100 0.1900 9.8729 10.9440 12.0000 12.2000
2 week 85.3300 85.3600 0.3450 10.6498 10.9540 11.9500 12.1500
1 month 85.6600 85.7000 0.6800 10.5064 10.8107 11.9500 12.2000
2 month 86.4300 86.4700 1.4500 10.7218 10.8649 12.0500 12.2500
3 month 87.1700 87.2200 2.1950 10.5382 10.6773 12.1000 12.4000
4 month 87.8900 87.9500 2.9200 10.6587 10.7994 12.1000 12.4000
5 month 88.6800 88.7300 3.7050 10.8848 10.9682 12.1000 12.4000
6 month 89.3800 89.4500 4.4150 10.7390 10.8545 12.2000 12.5000
12 month 93.7900 94.2100 9.0000 11.2042 11.6723 12.4000 12.6000
 
Currency Cross Rates
  USD YEN EURO INR GBP
 1 USD 1.0000 90.9837 0.7179 46.2228 0.6286
 1 JPY 0.0111 1.0000 0.0079 0.5086 0.0069
 1 EUR 1.3987 126.5789 1.0000 64.3001 0.8745
 1 INR 0.0217 1.9636 0.0155 1.0000 0.0136
 1 GBP 1.5995 144.7457 1.1420 73.5285 1.0000
 
Tech Corner
Foreign exchange technical chart
 
 
         
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DISCLAIMER
This memorandum is produced by BMA Capital Management Limited and is only for the use of their clients. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. Opinions expressed may be revised at any time. This memorandum is for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the securities mentioned.