Four ways EU laws affect the daily lives of European citizens today 
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Latest inflation figures are good news 
Why banks consider renewable energy to be a riskier investment than fossil fuels 
The budget is full of good news, but good news isn’t the same as good management 
How supermarkets are changing their branding to make you think they’re cheaper 
From Bridgerton to Grey’s Anatomy, Shonda Rhimes is the queen of romance 
How German media attention idealises female Ukrainian refugees 
 - EconoTimes)
Dollar index trading at 96.80 (-0.70%)
Strength meter (today so far) - Aussie +0.55%, Kiwi +0.36%, Loonie -0.25%.
Strength meter (since last week) - Aussie +0.76%, Kiwi +0.81%, Loonie +0.04%.
AUD/USD -
Trading at 0.733
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.60, Medium term - 0.71, Short term - 0.71-0.715
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.78, Immediate - 0.75
Economic release today -
- Producer price index rose by 0.3% in second quarter, up 1.1% from a year ago.
- Private sector credit rose 0.4% in June from May and 5.9% from a year ago.
Commentary -
- Aussie performance improved relatively, however bias remains downside. Active call -
Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.
NZD/USD -
Trading at 0.663
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range/sell
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.705
Economic release today -
- ANZ business confidence deteriorated in June to -15.3 from -2.3.
- ANZ activity outlook dropped to 19 from 23.6 prior.
Commentary -
- Kiwi bears are likely to keep testing 0.65 resistance level as economic outlook remains weak.
USD/CAD -
Trading at 1.303
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.17, Medium term - 1.217, Short term - 1.265
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.31, Short term - 1.30
Economic release today -
- GDP dropped -0.2% on monthly basis.
Commentary -
- Canadian dollar remains sell against dollar, the pair might reach as high as 1.38. Economic outlook still remains clouded.
