Dollar index trading at 89.74 (+0.15%)
Strength meter (today so far) – Euro -0.32%, Franc -0.34%, Yen +0.08%, GBP -0.07%
Strength meter (since last week) – Euro +0.11%, Franc -1.04%, Yen -0.18%, GBP -0.23%
EUR/USD –
Trading at 1.234
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 –
- February current account balance came at €35.1 billion.
Commentary –
- The euro gave up earlier gains but still up for the week.
GBP/USD –
Trading at 1.419
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 –
- Retail sales down 1.2 percent in March, up 1.1 percent from a year ago.
Commentary –
- The pound gave up earlier gains and now down for the week. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 107.4
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 –
- CPI inflation report will be released at 23:30 GMT.
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 0.972
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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