Dollar index trading at 97.57 (+0.43%).
Strength meter (today so far) - Euro -0.50%, Franc -0.18%, Yen -0.30%, GBP +0.10%
Strength meter (since last week) - Euro -0.48%, Franc -0.75%, Yen -0.46%, GBP +0.68%
EUR/USD -
Trading at 1.092
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range
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 -
- Euro zone business climate rose to 0.39, highest since March 2014.
- Economic sentiment index reached 104 from 103.5 prior.
- Services sentiment rose to 8.9 from 7.9 in June.
- Industrial confidence improved to -2.9 from -3.4 prior.
- Consumer confidence deteriorated to -7.1 from -5.6 prior.
Commentary -
- Euro is steadily falling after FOMC yesterday.
GBP/USD -
Trading at 1.561
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell resistance
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 -
- GFK consumer confidence to be released at 23:00 GMT.
Commentary -
- Pound struggles to break free of 1.57 area, correction to the downside likely.
USD/JPY -
Trading at 124.3
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 -
- CPI scheduled at 23:30 GMT.
Commentary -
- Yen slide further after FOMC pushed dollar higher. Yen might lose to 127 against dollar if support around 121 holds.
USD/CHF -
Trading at 0.969
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 0.88, Medium term - 0.90, Short term - 0.95
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- KOF leading indicator rose to 99.8 in July from 89.8 in June.
Commentary -
- The pair is likely to reach as high as 0.987 against dollar. Franc lost further ground today as FED is on path to hike rates.