Dollar index trading at 94.09 (+0.04%)
Strength meter (today so far) – Euro -0.08%, Franc -0.09%, Yen +0.02%, GBP -0.03%
Strength meter (since last week) – Euro -0.48%, Franc -0.66%, Yen -0.41%, GBP +0.27%
EUR/USD –
Trading at 1.173
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.14, Medium term – 1.16, Short term – 1.16
Resistance –
- Long term – 1.22, Medium term – 1.22, Short term – 1.2
Economic release today –
- NIL
Commentary –
- The euro is under pressure today as German coalition talks fail. Active call – Sell targeting 1.14
GBP/USD –
Trading at 1.323
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 –
- Public sector net borrowing rose to £7.464 billion in October.
- CBI industrial survey order index rose to 17 for November.
Commentary –
- The pound is the best performer of the week.
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 down 0.5 percent in September.
Commentary –
- The yen is down this week on lack of risk aversion. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.994
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 – 1.00
Economic release today –
- October trade balance came at 2.333 billion.
Commentary –
- Franc is the worst performer of the week. Active call – Buy pair targeting 1.02
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