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Currency snapshot (major pairs)

Dollar index trading at 94.72 (+0.11%)

Strength meter (today so far) – Euro -0.15%, Franc -0.56%, Yen +0.01%, GBP -0.25%

Strength meter (since last week) – Euro +0.36%, Franc -0.17%, Yen -0.25%, GBP +0.65%

EUR/USD –

Trading at 1.166

Trend meter –

  • Long term – Sell, Medium term – Sell, Short term – Buy

Support          

  • Long term – 1.10, Medium term – 1.12, Short term – 1.15

Resistance –

  • Long term – 1.22, Medium term – 1.18, Short term – 1.18

Economic release today –

  • NIL

      Commentary –

  • The euro is up this week as the dollar weakens against majors on rate hike speculation. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095; Euro might correct towards 1.22 area

GBP/USD –

Trading at 1.314

Trend meter –

  • Long term – Sell, Medium term – Sell, Short term – Sell

Support –

  • Long term – 1.19, Medium term – 1.23, Short term – 1.27

Resistance –

  • Long term – 1.35 Medium term – 1.32, Short term – 1.305

Economic release today –

  • RPI inflation up 3.5 percent y/y in August.
  • HPI inflation at 3.1 percent y/y.
  • PPI output up 2.9 percent y/y in August.
  • PPI input up 8.7 percent y/y in August.
  • CPI up 2.7 percent y/y.
  • Core CPI up 2.1 percent y/y in August.

Commentary –

  • The pound is still the best performer of the week on the possibility of a Brexit deal by November. However, May reportedly going to reject EU’s offering on Irish border. 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 112.3

Trend meter -

  • Long term – Sell, Medium term – buy, Short term – Range/Buy

Support –

  • Long term – 104.2, Medium term – 106.2, Short term – 109.2

Resistance –

  • Long term – 116, Medium term – 114, Short term – 112

Economic release today –

  • BoJ kept interest rate unchanged at -0.1 percent.

Commentary –

  • The yen remains trapped in bull/bear fight amid risk aversion and a strong dollar. The worst performer this week on lack of risk aversion despite a weaker dollar.  

USD/CHF –

Trading at 0.969

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 much worse performer than the euro this week.

 

 

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2018-12-13 16:36:58
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2018-12-13 16:31:10
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2018-12-13 16:30:58
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December 13 15:30 UTC Released

USNat Gas-EIA Implied Flow

Actual

-77 bcf

Forecast

Previous

-63 bcf

December 13 15:30 UTC Released

USNat Gas, Change Bcf

Actual

-77 Cubic feet

Forecast

-84 Cubic feet

Previous

-63 Cubic feet

January 31 00:00 UTC 456096456096m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 456096456096m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 467916467916m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 456096456096m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 467916467916m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 456096456096m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 456096456096m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 456096456096m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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