 - EconoTimes)
Dollar index trading at 96.55 (+0.39%)
Strength meter (today so far) – Euro +0.02%, Franc +0.1%, Yen +0.96%, GBP -0.82%
Strength meter (since last week) – Euro -0.38%, Franc -0.69%, Yen +0.96%, GBP -1.41%
EUR/USD –
Trading at 1.11
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 – 1.12
Economic release today –
- Employment rose by 0.3% in fourth quarter.
Commentary –
- Euro is consolidating around 1.11 area, awaiting the FOMC.
GBP/USD –
Trading at 1.433
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 – 1.44, Short term – 1.44
Economic release today –
- NIL
Commentary –
- Pound is worst performer today and this week as sellers increase position focusing on Brexit.
USD/JPY –
Trading at 112.7
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 –
- Bank of Japan held policy steady today. Tertiary industry index rose 1.5% in January. Capacity utilization rose by 2.6%.
Commentary –
- Yen is best performer today and this week as equities and oil slid. 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 0.987
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 moving in line with Euro.
