Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study 
Britain is not as broken as everyone seems to think 
How supermarkets are changing their branding to make you think they’re cheaper 
Exams: seven tips for coping with revision stress 
Chinese nationalist groups are launching cyber-attacks 
It’s OK to mow in May − the best way to help pollinators is by adding native plants 
The budget is full of good news, but good news isn’t the same as good management 
Four ways EU laws affect the daily lives of European citizens today 
Cheaper medicines and a new approach for mental health care 
Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity 
 - EconoTimes)
Dollar index trading at 96.66 (+0.07%).
Strength meter (today so far) - Euro -0.33%, Franc -0.12%, Yen -0.22%, GBP +0.09%
Strength meter (since last week) - Euro +0.47%, Franc -0.10%, Yen -0.06%, GBP +0.77%
EUR/USD -
Trading at 1.103
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Buy
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132
Economic release today -
- NIL
Commentary -
- Euro is struggling clearly ahead of FOMC meeting today.
GBP/USD -
Trading at 1.562
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 - 1.544-1.54
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572
Economic release today -
- NIL
Commentary -
- Pound traded as high as 1.569 against dollar, before souring towards 1.562 as FOMC closes in.
USD/JPY -
Trading at 123.8
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7, Immediate - 120.7
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.3
Economic release today -
- NIL
Commentary -
- Yen is struggling against dollar ahead of FOMC as risk aversion subsides. Yen might lose to 127 against dollar if support around 121 holds.
USD/CHF -
Trading at 0.963
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy support
Support -
- Long term - 0.88, Medium term - 0.90, Short term - 0.90
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- NIL
Commentary -
- The pair is likely to reach as high as 0.987 against dollar. However today's FOMC will decide on the mood ahead.
