Dollar index trading at 96.02 (-0.25%).
Strength meter (today so far) - Euro +0.50%, Franc +0.52%, Yen +0.16%, GBP +0.08%
Strength meter (since last week) - Euro -0.60%, Franc -1.19%, Yen +0.54%, GBP -0.87%
EUR/USD -
Trading at 1.109
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell resistance
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 -
- NIL
Commentary -
- Euro likely to continue range as referendum approaches.
GBP/USD -
Trading at 1.561
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/sell
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 construction PMI came higher at 58.1 compared to 55.9 prior.
Commentary -
- Pound dropped as low as 1.556, however bounced back after weaker NFP report, further slide is likely.
USD/JPY -
Trading at 123.1
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 - 119.7, Immediate - 122
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.4
Economic release today -
- Japan's manufacturing PMI for June came at 50.1
Commentary -
- Yen dropped to 123.7 as risk aversion faded. However weaker NFP provided support and pushed the pair around 123
USD/CHF -
Trading at 0.944
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 -
- Swiss PMI remained in neutral zone of 50 in June.
Commentary -
- Franc is the worst performer against dollar this week and likely to drop further.