Dollar index trading at 97.08 (-0.12%)
Strength meter (today so far) – Euro +0.07%, Franc +0.24%, Yen +0.72%, GBP -0.58%
Strength meter (since last week) – Euro +0.11%, Franc +0.14%, Yen +0.10%, GBP -1.34%
EUR/USD –
Trading at 1.122
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range/ Buy
Support
- Long term – 1.07, Medium term – 1.09, Short term – 1.10
Resistance –
- Long term – 1.16, Medium term – 1.14, Short term – 1.12 (broken)
Economic release today –
- NIL
Commentary –
- The euro is consolidating around key resistance of 1.12
GBP/USD –
Trading at 1.286
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.16, Medium term – 1.23, Short term – 1.27
Resistance –
- Long term – 1.32, Medium term – 1.305, Short term – 1.305
Economic release today –
- NIL
Commentary –
- The pound is the worst performer of the week as conservatives lose the lead to just 5 points over the Labour Party. We expect the pound to reach parity in the longer run.
USD/JPY –
Trading at 110.9
Trend meter –
- Long term – Sell, Medium term – sell, Short term – Range
Support –
- Long term – 109, Medium term – 110, Short term – 112 (broken)
Resistance –
- Long term – 119, Medium term – 115, Short term – 115
Economic release today –
- NIL
Commentary –
- The yen recovered all of its earlier loss on the upbeat inflation outlook.
USD/CHF –
Trading at 0.971
Trend meter –
- Long term – Buy, Medium term – Range/Buy, Short term – Range
Support –
- Long term – 0.95, Medium term – 0.95, Short term – 0.98 (broken)
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.