Dollar index trading at 90.43 (-0.06%)
Strength meter (today so far) – Euro +0.17%, Franc -0.08%, Yen +0.43%, GBP -0.14%
Strength meter (since last week) – Euro +0.51%, Franc +0.56%, Yen +0.33%, GBP +1.12%
EUR/USD –
Trading at 1.225
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Buy
Support
- Long term – 1.16, Medium term – 1.18, Short term – 1.2
Resistance –
- Long term – 1.25, Medium term – 1.235, Short term – 1.22 (broken)
Economic release today –
- Current account balance for November came at €32.5 billion.
Commentary –
- The euro is recovering after falling on ECB’s dovish comments. Active call – Buy targeting 1.25
GBP/USD –
Trading at 1.387
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.305, Medium term – 1.335, Short term – 1.35
Resistance –
- Long term – 1.42 Medium term – 1.405, Short term – 1.38 (broken)
Economic release today –
- Retail sales down 1.5 percent from a year ago, up 1.4percent from a year ago.
Commentary –
- The pound is the best performer of the week. Active call- Buy targeting 1.44
USD/JPY –
Trading at 110.6
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 –
- Industrial production rose 0.5 percent in November, up 3.6 percent from a year ago.
Commentary –
- The yen is down due to lack of risk aversion. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.959
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 –
- Producer and import price index up 0.2 percent in December, up 1.8 percent from a year ago.
Commentary –
- Franc is a better performer than the euro this week. Active call – Buy pair targeting 1.02
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