Dollar index trading at 90.26 (+0.37%)
Strength meter (today so far) – Euro -0.54%, Franc -0.36%, Yen -0.38%, GBP -0.21%
Strength meter (since last week) – Euro -0.13%, Franc -0.40%, Yen -0.46%, GBP +0.48%
EUR/USD –
Trading at 1.227
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
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 –
- Zew economic sentiment declined to 13.4 in March
Commentary –
- The euro gave up earlier gains on a stronger dollar.
GBP/USD –
Trading at 1.4
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Sell
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 –
- RPI up 3.6 percent y/y in February.
- House price index up 4.9 percent y/y.
- PPI input up 3.4 percent y/y in February.
- PPI output up 2.6 percent y/y.
- CPI inflation up 2.7 percent y/y.
Commentary –
- The pound is the best performer of the week on hope of an agreement with EU. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 106.4
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 106 (testing)
Resistance –
- Long term – 112, Medium term – 110, Short term – 109
Economic release today –
- NIL
Commentary –
- The yen is down this week over a stronger dollar. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.955
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 (testing)
Economic release today –
- February trade balance came at 3.14 billion.
Commentary –
- Franc is a much worse performer than the euro this week.
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