Currency snapshot (major pairs)

Dollar index trading at 95.32 (-0.06%).

Strength meter (today so far) - Euro +0.26%, Franc +0.17%, Yen -0.06%, GBP +0.34%

Strength meter (since last week) - Euro +2.55%, Franc +0.65%, Yen -0.24%, GBP +0.50%

EUR/USD -

Trading at 1.127

Trend meter -

• Long term - Sell, Medium term - Range, Short term - Range/Buy support

Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.065, Immediate - 1.108-1.106

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145

Economic release today -

• NIL

Commentary -

• Euro having a volatile day, rose sharply during European session to 1.138, however dropped to 1.124 as New York session approached. German 10 year bund reached to 0.992% and dropped sharply from there to 0.82%

GBP/USD -

Trading at 1.536

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.525

Resistance -

• Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.566-1.57, Immediate - 1.535-1.537(broken)

Economic release today -

• BOE kept monetary policy unchanged.

Commentary -

• Pound broken above 1.54 and traded as high as 1.544, however dropped to 1.535 as New York approached.

USD/JPY -                      

Trading at 124.4

Trend meter -

• Long term - Buy, Medium term - Rang/Buy, Short term - Range/Buy

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 123.6

Resistance -

• Long term - 130, Medium term - 125, Short term - 125

Economic release today -

• NIL

Commentary -

• Yen continues to pose weakness against dollar, suggesting further rise after consolidation.

USD/CHF -

Trading at 0.933

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy support

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90, Immediate - 0.925

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• NIL

Commentary -

• Franc trading almost flat against dollar. Today's range 0.937-0.927. Franc remains a sell against dollar.