Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
 - EconoTimes)
Dollar performance mixed against the majors (EUR, GBP, JPY, & CHF) so far this week. A chart and table is attached for explanation.
- Euro continued whipsaw movement depending on the news flow. Better data coming out of Europe and Investor sentiment are positive for the Euro while ECB bond purchase and political risk is bearing on it. Currently trading at 1.13. Immediate Support lies at 1.127 & Resistance 1.147.
- Pound remained the best performing currency and economic data remain mixed. Growth data, construction & hawkish BOE positive for the Pound but low inflation is weighing on it. Currently trading at 1.543. Immediate Support lies at 1.53 & Resistance 1.547.
- Yen continued range movement amid a very dovish central bank & risk aversion. Services PMI data today positive at 3.4% YoY and GDP growing at 0.6%. Currently trading at 119.5. . Immediate Support lies at 118.2 & Resistance 120.5.
- Franc is the worst performer & continued depreciation after the massive appreciation on January 15, 2015 when SNB blinked on EUR/CHF floor. Massive appreciation will bear badly on the economy in the coming days. Currently trading at 0.95. Immediate Support lies at 0.937 & Resistance 0.954.
|
Euro |
-0.66% |
|
Pound |
0.25% |
|
Frank |
-1.43% |
|
Yen |
-0.42% |
