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.