Dollar index trading at 99.29 (+0.18%).
Strength meter (today so far) - Euro -0.43%, Franc -0.60%, Yen -0.32%, GBP +0.75%
Strength meter (since last week) - Euro -0.79%, Franc -1.31%, Yen -1.22%, GBP +0.55%
EUR/USD -
Trading at 1.081
Trend meter -
- Long term - Sell, Medium term - Range/Buy, Short term - Range/Sell
Support
- Long term - 1.048, Medium term - 1.048, Short term - 1.06
Resistance -
- Long term - 1.145, Medium term - 1.104, Short term - 1.1
Economic release today -
- Euro Zone flash PMI for manufacturing came at 52.3 and for services came at 53.6, both much weaker than prior.
Commentary -
- Euro got engineered lower by ECB hint of further stimulus. Active Call - Buy Euro @1.06 and at dips targeting 1.155 area and stop loss at 1.05
GBP/USD -
Trading at 1.433
Trend meter -
- Long term - Range/Sell, Medium term - Range/sell, Short term - Range/Sell
Support -
- Long term - 1.425, Medium term - 1.445, Short term - 1.445
Resistance -
- Long term - 1.52, Medium term - 1.5, Short term - 1.482
Economic release today -
- UK retail sales dropped 1% in December.
Commentary -
- Pound is best performer this week. Downside target reached for Pound
USD/JPY -
Trading at 118.4
Trend meter -
- Long term - Sell, Medium term - Range/ Sell, Short term - Sell
Support -
- Long term - 115.5-116.5, Medium term - 116.5, Short term - 116.5
Resistance -
- Long term - 123.8, Medium term - 123.8, Short term - 119.5
Economic release today -
- Manufacturing PMI came at 52.4 for December.
Commentary -
- Yen mega performance faded as risk aversion abated over ECB stimulus hint. Active call - Sell Yen @119.5 with stop loss around 123.8 and target at 114 and 110.
USD/CHF -
Trading at 1.014
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.905, Medium term - 0.945, Short term - 1.01
Resistance -
- Long term - 1.174, Medium term - 1.07, Short term - 1.035
Economic release today -
- NIL
Commentary -
- Franc dropped over ECB hint and fading risk aversion. Active call - Sell USD/CHF @0.985 and at rallies - targeting 0.895 area and stop loss at 1.03 area.