Dollar index trading at 96.08 (-0.06%)
Strength meter (today so far) – Euro +0.05%, Franc +0.20%, Yen +0.03%, GBP +0.28%
Strength meter (since last week) – Euro +0.05%, Franc +0.20%, Yen +0.03%, GBP +0.28%
EUR/USD –
Trading at 1.144
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.10, Medium term – 1.12, Short term – 1.12
Resistance –
- Long term – 1.22, Medium term – 1.18, Short term – 1.15
Economic release today –
- Construction output up 2.6 percent y/y in June.
Commentary –
- The euro is trying to grind higher after a big selloff last week. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095
GBP/USD –
Trading at 1.277
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Sell
Support –
- Long term – 1.10, Medium term – 1.17, Short term – 1.25
Resistance –
- Long term – 1.35 Medium term – 1.32, Short term – 1.305
Economic release today –
- NIL
Commentary –
- The pound is the best performer of the day. Active call- short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.25
USD/JPY –
Trading at 110.4
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 remains trapped in bull/bear fight amid risk aversion and a strong dollar.
USD/CHF –
Trading at 0.993
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 a slightly better performer than the euro today.