Dollar index trading at 95.10 (+0.07%).
Strength meter (today so far) - Euro -0.14%, Franc -0.50%, Yen +0.33%, GBP +0.16%
Strength meter (since last week) - Euro +0.30%, Franc -0.24%, Yen +1.25%, GBP -0.01%
EUR/USD -
Trading at 1.119
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 - 1.106, Immediate - 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 -
- Preliminary reading showed inflation rose by 0.2% in June
Commentary -
- Euro continued to remain trapped with Greek development. Tough resistance lies around 1.125 area.
GBP/USD -
Trading at 1.577
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548-1.545
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595, Immediate - 1.582
Economic release today -
- UK GDP grew 2.9% in first quarter from a year ago and 0.4% from a quarter ago.
- Total business investments rose by 5.7% in first quarter from a year ago.
Commentary -
- Pound is moving in low volatility, might target testing of 1.59 area once again.
USD/JPY -
Trading at 122.2
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy support
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6(broken)00
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.4
Economic release today -
- Housing starts rose by 5.8% in May from a year ago.
- Vehicle production dropped by -16.6% in May from a year ago.
- Construction orders dropped by -7.4% y/y.
Commentary -
- Yen remains well bid amid risk aversion and likely to remain so unless Greece uncertainty clears.
USD/CHF -
Trading at 0.93
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 -
- KOF leading index dropped to 89.7 in June from 92.7 prior.
Commentary -
- Franc is the worst performer against dollar today. Franc remains sell against dollar.