Dollar index trading at 91.67 (-0.18%)
Strength meter (today so far) – Euro +0.10%, Franc +0.20%, Yen +0.28%, GBP +0.22%
Strength meter (since last week) – Euro +0.52%, Franc -0.12%, Yen -0.40%, GBP -0.37%
EUR/USD –
Trading at 1.2
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Breakout/ Buy
Support
- Long term – 1.14, Medium term – 1.16, Short term – 1.175
Resistance –
- Long term – 1.22, Medium term – 1.22, Short term – 1.22
Economic release today –
- NIL
Commentary –
- The euro is consolidating ahead of FOMC this week. The best performer of the week so far. Active call – Buy euro against dollar at 1.199 with target around 1.226 and stop loss around 1.182
GBP/USD –
Trading at 1.354
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.28, Medium term – 1.295, Short term – 1.313
Resistance –
- Long term – 1.38 Medium term – 1.36, Short term – 1.36
Economic release today –
- Retail sales excluding fuel rose 1 percent in August, up 2.8 percent from a year ago.
Commentary –
- The pound is down this week after a big rise last week as BoE signaled future rate hike and BoE dove Vlieghe talked of rate hike.
USD/JPY –
Trading at 111.3
Trend meter –
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 107, Medium term – 108.4, Short term – 108.4
Resistance –
- Long term – 116, Medium term – 114.2, Short term – 114.2
Economic release today –
- NIL
Commentary –
- The yen remains downbeat as haven demand fades and BoJ remains dovish. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.961
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Sell
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.92
Resistance –
- Long term – 1.04, Medium term – 1.01, Short term – 0.987
Economic release today –
- NIL
Commentary –
- Franc is a much worse performer than the euro this week. Active call – sell pair targeting 0.92
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