Dollar index trading at 90.25 (-0.03%)
Strength meter (today so far) – Euro +0.07%, Franc -0.30%, Yen -0.49%, GBP +0.12%
Strength meter (since last week) – Euro -1.50%, Franc -0.90%, Yen +0.98%, GBP -1.14%
EUR/USD –
Trading at 1.227
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 –
- NIL
Commentary –
- The euro is down this week as hike speculations uplifted the dollar. Active call – target reached1.25
GBP/USD –
Trading at 1.395
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 –
- Industrial production down -1.3 percent in December, flat for the year.
- Manufacturing production rose by 1.4 percent y/y.
- Total trade balance came at -£4.896 billion.
Commentary –
- The pound is the down in line with other currencies as the dollar recovers. Active call- short term sell targeting 1.375
USD/JPY –
Trading at 109.1
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 – 112, Short term – 110
Economic release today –
- NIL
Commentary –
- The yen is the best performer of the week on risk aversion. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.938
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 down in line with the euro.
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