Dollar index trading at 96.19 (-0.26%)
Strength meter (today so far) – Euro +0.39%, Franc +0.53%, Yen +0.27%, GBP +0.27%
Strength meter (since last week) – Euro +0.39%, Franc +0.53%, Yen +0.27%, GBP +0.27%
EUR/USD –
Trading at 1.145
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 –
- September current account balance came at €27.04 billion.
- Construction output up 4.6 percent y/y.
Commentary –
- The euro started the week with a sizable rise. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095 area.
GBP/USD –
Trading at 1.285
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 –
- NIL
Commentary –
- The pound remains volatile over Brexit deal comments and news. Up today on Weak dollar but sellers remain very active. 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 112.5
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 –
- NIL
Commentary –
- The yen remains trapped in bull/bear fight amid risk aversion and a strong dollar. Currently, strengthening over weaker USD and risk aversion.
USD/CHF –
Trading at 0.994
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 –
- NIL
Commentary –
- Franc is the best performer of the day.