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Currency snapshot (commodity pairs)

Dollar index trading at 93.72 (+0.22%)

Strength meter (today so far) – Aussie -0.63%, Kiwi -0.80%, Loonie -0.34%

Strength meter (since last week) – Aussie -0.30%, Kiwi +0.20%, Loonie +0.09%

AUD/USD –

Trading at 0.752

Trend meter –

  • Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell

Support –

  • Long term – 0.746, Medium term – 0.75, Short term – 0.765 (broken)

Resistance –

  • Long term – 0.825, Medium term – 0.8, Short term – 0.78

Economic release today –

  • October trade balance came at $105 million.

Commentary –

  • Aussie is down this week as the dollar recovers and data underwhelmed.

NZD/USD –

Trading at 0.683

Trend meter –

  • Long term – Sell, Medium term – Sell, Short term – Range/Sell

Support –

  • Long term – 0.66, Medium term – 0.68, Short term – 0.69 (testing)

Resistance –

  • Long term – 0.76, Medium term – 0.76, Short term – 0.725

Economic release today –

  • NIL

Commentary –

  • Kiwi is consolidating around 0.69 area and is likely to decline towards 0.64 area. It is the best performer among commodity currencies but still down against the dollar.

 USD/CAD –

Trading at 1.282

Trend meter –

  • Long term – sell, Medium term – sell, Short term – Range/Buy

Support –

  • Long term – 1.2, Medium term – 1.22, Short term – 1.246

Resistance –

  • Long term – 1.355, Medium term – 1.32, Short term – 1.28 (testing)

Economic release today –

  • Building permits report will be released at 13:30 GMT.
  • IVEY PMI report will be released at 15:00 GMT.

Commentary –

  • Loonie is retracing this week after big gains on Friday over jobs report. .

 

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December 15 21:00 UTC Released

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Actual

151.2 Bln USD

Forecast

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December 15 21:00 UTC Released

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7.9 Bln USD

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January 9 11:00 UTC 3374333743m

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January 9 11:00 UTC 3374333743m

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3.20 %

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January 9 11:00 UTC 3374333743m

BRRetail Sales YY*

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3.20 %

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January 9 11:00 UTC 3374333743m

BRRetail Sales MM*

Actual

Forecast

0.35 %

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January 9 11:00 UTC 3374333743m

BRRetail Sales YY*

Actual

Forecast

3.20 %

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December 12 09:30 UTC 66686668m

GBRPIX YY

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Forecast

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4.2 %

December 12 09:30 UTC 66686668m

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Forecast

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1 %

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