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Currency snapshot (major pairs)

Dollar index trading at 97.32 (-0.33%)

Strength meter (today so far) – Euro +0.43%, Franc +0.12%, Yen -0.16%, GBP +0.87%

Strength meter (since last week) – Euro -0.58%, Franc -0.44%, Yen -0.13%, GBP -0.43%

EUR/USD –

Trading at 1.127

Trend meter –

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

Support          

  • Long term – 1.10, Medium term – 1.12, Short term – 1.123

Resistance –

  • Long term – 1.22, Medium term – 1.18, Short term – 1.153

Economic release today –

  • NIL

      Commentary –

  • The euro recovered some of the loss on broad based dollar selloff. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095 area.

GBP/USD –

Trading at 1.297

Trend meter –

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

Support –

  • Long term – 1.19, Medium term – 1.23, Short term – 1.268

Resistance –

  • Long term – 1.35 Medium term – 1.337, Short term – 1.326

Economic release today –

  • Unemployment rate rose to 4.1 percent in September.
  • Earnings growth at 3 percent y/y including bonus and 3.2 percent excluding it.

Commentary –

  • The pound remains volatile over Brexit deal comments and news. 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 113.9

Trend meter -

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

Support –

  • Long term – 106.2, Medium term – 109.2, Short term – 111

Resistance –

  • Long term – 117, Medium term – 114, Short term – 114

Economic release today –

  • Q3 flash GDP report will be released at 23:50 GMT.

Commentary –

  • The yen remains trapped in bull/bear fight amid risk aversion and a strong dollar. Steadily weakening as risk aversion faded and strong dollar weighed. The worst performer of the day.

USD/CHF –

Trading at 1.009

Trend meter –

  • Long term – Buy, Medium term – Range/sell, Short term – Range/Buy

Support –

  • Long term – 0.92, Medium term – 0.95, Short term – 0.97

Resistance –

  • Long term – 1.03, Medium term – 1.00, Short term – 1.00 (testing)

Economic release today –

  • Producer and import price index is up 2.3 percent y/y in October.

Commentary –

  • Franc is down in line with the euro this week.

 

 

  • Market Data
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