Dollar index trading at 93.21 (-0.23%)
Strength meter (today so far) – Euro -0.16%, Franc -0.53%, Yen -0.59%, GBP -0.27%
Strength meter (since last week) – Euro +0.18%, Franc -0.72%, Yen -0.80%, GBP -0.70%
EUR/USD –
Trading at 1.183
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.14, Medium term – 1.16, Short term – 1.175 (testing)
Resistance –
- Long term – 1.22, Medium term – 1.22, Short term – 1.22
Economic release today –
- NIL
Commentary –
- The euro is the best performer of week, despite Catalonia crisis. Active call – Sell targeting 1.14
GBP/USD –
Trading at 1.317
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.28, Medium term – 1.295, Short term – 1.313 (testing)
Resistance –
- Long term – 1.38 Medium term – 1.36, Short term – 1.36
Economic release today –
- Retail sales declined 0.8 percent in September, up 1.2 percent from a year ago.
Commentary –
- The pound remain down beat over domestic politics and weaker than expected economic data.
USD/JPY –
Trading at 112.5
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 –
- All industry activity index is up 0.1 percent in August.
Commentary –
- The yen remains downbeat on lack of risk aversion. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.976
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Sell
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.95
Resistance –
- Long term – 1.04, Medium term – 1.01, Short term – 0.987
Economic release today –
- September trade balance grew to 2.92 billion.
Commentary –
- Franc is a much weaker performer than the euro and but recovered from being the worst performer of the week. Active call – Buy pair targeting 1.02
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