Dollar index trading at 96.39 (+0.03%)
Strength meter (today so far) – Euro -0.17%, Franc -0.06%, Yen +0.21%, GBP +0.25%
Strength meter (since last week) – Euro -0.16%, Franc -0.34%, Yen +0.28%, GBP +0.38%
EUR/USD –
Trading at 1.134
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Buy
Support
- Long term – 1.10, Medium term – 1.12, Short term – 1.123
Resistance –
- Long term – 1.22, Medium term – 1.18, Short term – 1.153
Economic release today –
- Zew survey economic sentiment index marginally improves to -20.9 in January from -21 in December.
Commentary –
- The euro is gradually sliding against the USD. The focus is on Brexit news flow and ECB rate decision on Thursday. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095 area.
GBP/USD –
Trading at 1.292
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Buy
Support –
- Long term – 1.23, Medium term – 1.25, Short term – 1.268
Resistance –
- Long term – 1.35 Medium term – 1.337, Short term – 1.326
Economic release today –
- ILO unemployment rate decline to 4 percent in November.
- Average earnings rose by 3.4 percent in November excluding bonus and by 3.3 percent including it.
Commentary –
- The pound is trying to recover grounds, after Friday’s big selloff. Active call- short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.25 and 1.21
USD/JPY –
Trading at 109.4
Trend meter -
- Long term – Sell, Medium term – buy, Short term – Range/Sell
Support –
- Long term – 106.2, Medium term – 109.2, Short term – 109.2
Resistance –
- Long term – 114, Medium term – 112, Short term – 110
Economic release today –
- NIL
Commentary –
- The yen is steadily weakening since the sharp rise earlier this month.
USD/CHF –
Trading at 0.998
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Buy
Support –
- Long term – 0.92, Medium term – 0.95, Short term – 0.97
Resistance –
- Long term – 1.03, Medium term – 1.00, Short term – 1.00
Economic release today –
- NIL
Commentary –
- Franc is again the worst performer of the week.