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Currency snapshot (major pairs)

Dollar index trading at 89.09 (+0.49%)

Strength meter (today so far) – Euro -0.49%, Franc -0.63%, Yen -0.86%, GBP -0.81%

Strength meter (since last week) – Euro +0.16%, Franc -0.36%, Yen -1.70%, GBP +0.01%

EUR/USD –

Trading at 1.245

Trend meter –

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

Support          

  • Long term – 1.18, Medium term – 1.2, Short term – 1.22

Resistance –

  • Long term – 1.25, Medium term – 1.25, Short term – 1.25

Economic release today –

  • Producer price inflation up 0.2 percent in December, up 2.2 percent from a year ago.

Commentary –

  • The euro is the best performer of the week. Active call – target  reached1.25

GBP/USD –

Trading at 1.414

Trend meter –

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

Support –

  • Long term – 1.35, Medium term – 1.385, Short term – 1.385

Resistance –

  • Long term – 1.50 Medium term – 1.485, Short term – 1.435

Economic release today –

  • Markit construction PMI came at 50.2 in January.

Commentary –

  • The pound is flat for the week. Active call-  Target reached at 1.43

USD/JPY –           

Trading at 110.4

Trend meter –

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

Support –

  • Long term – 107, Medium term – 108.4, Short term – 108.4 (testing)

Resistance –

  • Long term – 116, Medium term – 112, Short term – 110

Economic release today –

  • NIL

Commentary –

  • The yen declined sharply as BoJ offered to buy unlimited amount of JGBs to lower rising yield. Active call – Buy yen targeting 101

USD/CHF –

Trading at 0.933

Trend meter –

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

Support –

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

Resistance –

  • Long term – 1.03, Medium term – 0.98, Short term – 0.95

Economic release today –

  • NIL

Commentary –

  • Franc is a much worse performer than the euro this week. Active call – Buy pair targeting 1.02

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February 21 19:00 UTC Released

ARTrade Balance

Actual

-986 %

Forecast

-464 %

Previous

-847 %

February 21 15:30 UTC Released

BRForeign Exchange Flows

Actual

1.92 Bln USD

Forecast

Previous

2.251 Bln USD

January 31 00:00 UTC 3139631396m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 3139631396m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4321643216m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 3139631396m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4321643216m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 3139631396m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 3139631396m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 3139631396m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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