Dollar index trading at 97.13 (-0.54%).
Strength meter (today so far) - Euro +0.79%, Franc +0.30%, Yen +0.28%, GBP +0.32%
Strength meter (since last week) - Euro +0.92%, Franc +0.61%, Yen +0.54%, GBP +2.58%
EUR/USD -
Trading at 1.103
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Sell
Support
- Long term - 1.048, Medium term - 1.07, Short term - 1.078
Resistance -
- Long term - 1.15, Medium term - 1.137, Short term - 1.105
Economic release today -
- NIL
Commentary -
- Euro is best performer today on short squeeze as yields rise.
GBP/USD -
Trading at 1.421
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range/Sell
Support -
- Long term - 1.35, Medium term - 1.35, Short term - 1.38
Resistance -
- Long term - 1.463, Medium term - 1.425, Short term - 1.403(broken)
Economic release today -
- NIL
Commentary -
- Pound is the best performer this week, as Dollar weakens and shorts getting squeezed
USD/JPY -
Trading at 113.5
Trend meter -
- Long term - Sell, Medium term - Range/ Sell, Short term - Sell
Support -
- Long term - 98.5, Medium term - 108, Short term - 110
Resistance -
- Long term - 121, Medium term - 117, Short term - 115
Economic release today -
- Labour cash earnings grew 0.4% in January from a year ago.
Commentary -
- Yen is up on weak Dollar, but worst performer due to fading risk aversion. Active call - Buy Yen @119.5 with stop loss around 123.8 and target at 114 and 110, 108.9 and 98.5
USD/CHF -
Trading at 0.989
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.905, Medium term - 0.945, Short term - 0.98
Resistance -
- Long term - 1.174, Medium term - 1.07, Short term - 1.035
Economic release today -
- NIL
Commentary -
- Franc is gaining on weaker Dollar.