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Currency snapshot (major pairs)

Dollar index trading at 95.16 (+0.18%)

Strength meter (today so far) – Euro -0.08%, Franc +0.11%, Yen +0.21%, GBP -0.44%

Strength meter (since last week) – Euro +0.23%, Franc +0.51%, Yen -0.24%, GBP -0.18%

EUR/USD –

Trading at 1.165

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 –

  • CPI inflation steady at 2 percent, while core inflation at 1.9 percent y/y.

      Commentary –

  • The euro continues to consolidate, lacking direction. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095

GBP/USD –

Trading at 1.305

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 –

  • RPI up 3.4 percent y/y in June.
  • HPI up 3 percent y/y in June.
  • PPI inflation up 3.1 percent y/y for output.
  • PPI inflation up 10.2 percent y/y for input.
  • CPI inflation at 2 percent y/y, while core CPI at 1.9 percent y/y.

Commentary –

  • The pound is down amid Brexit amendment concerns. 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 112.8

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 –

  • Trade balance report will be released at 23:50 GMT.

Commentary –

  • The yen is the worst performer of the week as equities rise amid strong dollar.

USD/CHF –

Trading at 0.999

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 –

  • NIL

Commentary –

  • Franc is the best performer of the week.  

 

 

  • Market Data
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