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Currency snapshot (major pairs)

Dollar index trading at 94.48 (-0.05%)

Strength meter (today so far) – Euro +0.00%, Franc -0.02%, Yen -0.02%, GBP +0.25%

Strength meter (since last week) – Euro +0.37%, Franc +0.42%, Yen +0.51%, GBP +0.86%

EUR/USD –

Trading at 1.16

Trend meter –

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

Support          

  • Long term – 1.14, Medium term – 1.16, Short term – 1.16 (broken)

Resistance –

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

Economic release today –

  • NIL

Commentary –

  • The euro is up this week but downside pressure remains. Active call – Sell targeting 1.14

GBP/USD –

Trading at 1.313

Trend meter –

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

Support –

  • Long term – 1.28, Medium term – 1.295, Short term – 1.313 (testing)

Resistance –

  • Long term – 1.38 Medium term – 1.36, Short term – 1.36

Economic release today –

  • Industrial production is up 2.5 percent y/y in September and manufacturing production is up 2.7 percent y/y.
  • September trade balance came at -£2.7 billion.

Commentary –

  • The pound is the best performer of the week after a sharp fall last week as BoE hiked rates for the first time since the Great Recession of 2008/09 but the statement was dovish.

USD/JPY –           

Trading at 113.6

Trend meter –

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

Support –

  • Long term – 107, Medium term – 108.4, Short term – 108.4

Resistance –

  • Long term – 116, Medium term – 114.2, Short term – 114.2

Economic release today –

  • Tertiary industry index is down 0.2 percent in October.

Commentary –

  • The yen is up this week over geopolitical tensions in the Middle East. Active call – Buy yen targeting 101

USD/CHF –

Trading at 0.994

Trend meter –

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

Support –

  • Long term – 0.90, Medium term – 0.92, Short term – 0.95

Resistance –

  • Long term – 1.04, Medium term – 1.01, Short term – 1.00

Economic release today –

  • NIL

Commentary –

  • Franc is up in line with the euro this week. Active call – Buy pair targeting 1.02

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November 24 15:30 UTC Released

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145.6 %

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54.6 %

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November 27 09:00 UTC 27452745m

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111 %

November 27 09:00 UTC 27452745m

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116.1 %

November 27 14:00 UTC 30453045m

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Actual

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Previous

-1.559 Bln USD

November 27 15:30 UTC 31353135m

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Actual

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27.6

November 27 21:00 UTC 34653465m

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Actual

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87 Bln BRL

November 28 00:00 UTC 36453645m

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Actual

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November 28 07:00 UTC 40654065m

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Actual

Forecast

Previous

10.7 %

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