Dollar index trading at 95.65 (+0.08%).
Strength meter (today so far) - Euro +0.16%, Franc +0.25%, Yen -0.29%, GBP -0.15%
Strength meter (since last week) - Euro +2.09%, Franc +0.80%, Yen -0.52%, GBP +0.29%
EUR/USD -
Trading at 1.122
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 - 1.106, Immediate - 1.118-1.116
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.132
Economic release today -
- Euro zone GDP grew by 0.4% q/q and 1% y/y as per second flash estimate.
Commentary -
- Euro having another volatile day, rose sharply to 1.128, after last night's big drop however dropped to 1.123 as NFP report approaches.
GBP/USD -
Trading at 1.533
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 - 1.525-1.528
Resistance -
- Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.566-1.57, Immediate - 1.542-1.545
Economic release today -
- Consumer inflation expectation rose to 2.2% from 1.9% prior.
Commentary -
- Pound dropped towards 1.529 however recovered sharply, trading at 1.533 as NFP report approaches.
USD/JPY -
Trading at 124.7
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 - 127.5, Short term - 125
Economic release today -
- NIL
Commentary -
- Yen continues to pose weakness against dollar, likely to go down further. 125 remains key resistance.
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 -
- Swiss Forex reserve dropped to 517.5 billion from 522.2 billion.
Commentary -
- Franc trading almost flat against dollar. Today's range 0.936-0.929. Franc remains a sell against dollar.