Dollar index trading at 89.79 (+0.22%)
Strength meter (today so far) – Euro -0.27%, Franc -0.24%, Yen -0.00%, GBP -0.22%
Strength meter (since last week) – Euro +0.78%, Franc -0.88%, Yen -0.44%, GBP +0.73%
EUR/USD –
Trading at 1.242
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Buy
Support
- Long term – 1.18, Medium term – 1.2, Short term – 1.22
Resistance –
- Long term – 1.25, Medium term – 1.25, Short term – 1.25
Economic release today –
- ECB kept monetary policy unchanged.
Commentary –
- The euro started the week on a stronger footing as trade war prospect weighs on the dollar.
GBP/USD –
Trading at 1.389
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 1.35, Medium term – 1.385, Short term – 1.385
Resistance –
- Long term – 1.50 Medium term – 1.485, Short term – 1.435
Economic release today –
- RIC house price balance dropped to zero in February.
Commentary –
- The pound gave up earlier gains on domestic political trouble but up this week. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 106.2
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 106
Resistance –
- Long term – 112, Medium term – 110, Short term – 109
Economic release today –
- NIL
Commentary –
- The yen is down this week due to lack of risk aversion. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.944
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 – 1.03, Medium term – 0.98, Short term – 0.95
Economic release today –
- Unemployment rate dropped to 2.9 percent y/y in February.
Commentary –
- Franc is the worst performer this week.
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