Dollar index trading at 93.99 (+0.20%)
Strength meter (today so far) – Euro -0.31%, Franc -0.36%, Yen -0.34%, GBP +0.01%
Strength meter (since last week) – Euro -0.31%, Franc -0.36%, Yen -0.34%, GBP +0.01%
EUR/USD –
Trading at 1.174
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 –
- October consumer confidence report will be released at 14:00 GMT.
Commentary –
- The euro remains down today over Catalonia tension. Active call – Sell targeting 1.14
GBP/USD –
Trading at 1.318
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 –
- CBI industrial trend survey report order index declined to -2 in October from 7 in September.
Commentary –
- The pound is the best performer of the day.
USD/JPY –
Trading at 113.8
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 –
- Leading economic index grew to 107.2 in August and coincident index grew to 117.7.
Commentary –
- The yen is down today as incumbent Prime Minister Shinzo Abe in for a landslide victory. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.987
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 –
- NIL
Commentary –
- Franc is down in line with the euro today. Active call – Buy pair targeting 1.02
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