Dollar index trading at 94.95 (-0.01%).
Strength meter (today so far) - Euro +0.17%, Franc -0.69%, Yen -0.14%, GBP +0.10%
Strength meter (since last week) - Euro +0.17%, Franc -0.69%, Yen -0.14%, GBP +0.10%
EUR/USD -
Trading at 1.128
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118-1.115
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.135-1.138
Economic release today -
- NIL
Commentary -
- Euro jumped sharply from 1.118 area, however Greek situation is keeping the common currency under pressure. Focus is on FOMC and finance ministers' meet this week.
GBP/USD -
Trading at 1.557
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy support
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548
Resistance -
- Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.566-1.57,
Economic release today -
- Euro zone trade balance for April came at € 24.3 billion.
Commentary -
- Pound is rising along with Euro. Focus is on FOMC this week.
USD/JPY -
Trading at 123.5
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy support
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 123.6-124
Economic release today -
- NIL
Commentary -
- Yen remains sell against dollar, likely to weaken against Euro and Pound.
USD/CHF -
Trading at 0.934
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
Support -
- Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90, Immediate - 0.925
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- Retail sales grew by 1.6% in April.
Commentary -
- The pair has jumped back from the support area and franc is likely to lose further against dollar. However gains could be limited among support area.