Dollar index trading at 89.45 (+0.02%)
Strength meter (today so far) – Euro -0.07%, Franc -0.23%, Yen -0.01%, GBP -0.05%
Strength meter (since last week) – Euro +0.39%, Franc +0.01%, Yen +0.18%, GBP +0.73%
EUR/USD –
Trading at 1.238
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 –
- NIL
Commentary –
- The euro is up this week thanks to a weaker dollar.
GBP/USD –
Trading at 1.433
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 –
- Unemployment rate declined to 4.2 percent. Wage growth at 2.8 percent both including and excluding bonus.
Commentary –
- The pound is again the best performer of the week. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 107.1
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 104.2
Resistance –
- Long term – 111, Medium term – 109, Short term – 107 (testing)
Economic release today –
- Industrial production up 1.6 percent y/y.
Commentary –
- The yen is down this week despite a weaker dollar as risk aversion fades after Syria strike was more limited than originally anticipated. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.961
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 – 0.98
Economic release today –
- NIL
Commentary –
- Franc is the worst performer this week.
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