Currency snapshot (major pairs)

Dollar index trading at 101.34 (+0.03%)

Strength meter (today so far) – Euro +0.32%, Franc -0.45%, Yen +0.57%, GBP -0.21%

Strength meter (since last week) – Euro +0.32%, Franc -0.45%, Yen +0.57%, GBP -0.21%

EUR/USD –

Trading at 1.061

Trend meter –

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

Support                      

• Long term – 1.01, Medium term – 1.032, Short term – 1.054

Resistance –

• Long term – 1.13, Medium term – 1.11, Short term – 1.09

Economic release today –

• Private loans grew by 1.8 percent y/y in October.
• Money supply growth in October declined to 4.4 percent y/y.

Commentary –

• The euro lost early hour gains on US election uncertainties as the dollar gained grounds. Active call – Sell EUR/USD at 1.116 with stop loss at 1.15 and target at 1.01. stop loss revised to 1.13

GBP/USD –

Trading at 1.239

Trend meter –

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

Support –

• Long term – 1.16, Medium term – 1.2, Short term – 1.2

Resistance –

• Long term – 1.32, Medium term – 1.27, Short term – 1.27

Economic release today –

• NIL

Commentary –

• The pound is the weakest performer of the day. We expect the pound to reach parity.

USD/JPY –                      

Trading at 112.3

Trend meter –

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

Support –

• Long term – 91, Medium term – 98, Short term – 105

Resistance –

• Long term – 119, Medium term – 115, Short term – 115

Economic release today –

• Unemployment report will be released at 23:30 GMT.
• Details on retail trade will be announced at 23:50 GMT.

Commentary –

• The yen gained grounds on US election uncertainties.

USD/CHF –        

Trading at 1.014

Trend meter –

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

Support –

• Long term – 0.9, Medium term – 0.927, Short term – 0.95

Resistance –

• Long term – 1.08, Medium term – 1.037, Short term – 1.037

Economic release today –

• NIL

Commentary –

• Franc is up in line with the euro. Franc might decline to 1.08 per dollar.