Dollar index trading at 95.17 (+0.36%)
Strength meter (today so far) – Euro -0.35%, Franc -0.15%, Yen -0.03%, GBP -0.52%
Strength meter (since last week) – Euro -1.03%, Franc -1.54%, Yen -2.04%, GBP -1.18%
EUR/USD –
Trading at 1.162
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.12, Medium term – 1.145, Short term – 1.145
Resistance –
- Long term – 1.22, Medium term – 1.2, Short term – 1.18
Economic release today –
- NIL
Commentary –
- The euro is heading lower as the dollar recovers. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095
GBP/USD –
Trading at 1.311
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Sell
Support –
- Long term – 1.24, Medium term – 1.27, Short term – 1.3
Resistance –
- Long term – 1.37 Medium term – 1.35, Short term – 1.33
Economic release today –
- NIL
Commentary –
- The pound deteriorated sharply as president Trump pose doubts over post-Brexit agreement with the UK. Active call- short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.3
USD/JPY –
Trading at 112.7
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 104.2, Medium term – 106.2, Short term – 109.2
Resistance –
- Long term – 114, Medium term – 111, Short term – 111
Economic release today –
- NIL
Commentary –
- The yen is the worst performer of the week as equities rise.
USD/CHF –
Trading at 1.00
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Buy
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.95
Resistance –
- Long term – 1.03, Medium term – 1.00, Short term – 1.00
Economic release today –
- PPI inflation up 3.5 percent y/y In June.
Commentary –
- Franc is a much worse performer than the euro.