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Currency snapshot (major pairs)

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.

 

 

  • Market Data
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