Currency snapshot (major pairs)

Dollar index trading at 96.89 (+0.08%).

Strength meter (today so far) - Euro -0.20%, Franc -0.33%, Yen +0.48%, GBP -0.25%

Strength meter (since last week) - Euro +0.23%, Franc -0.88%, Yen +0.84%, GBP +0.03%

EUR/USD -

Trading at 1.103

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Sell

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 - 1.15, Short term - 1.145, immediate - 1.12 area

Economic release today -

• M3 money supply rose by 4.9% in September from a year ago. Private loan growth up 1.1% in September from a year ago.

Commentary -

• Euro is hovering around 1.10 area ahead of FOMC. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.531

Trend meter -

• Long term - Buy, Medium term - Range/sell, Short term - Range/buy

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512,

Resistance -

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.572, Immediate - 1.55

Economic release today -

• UK third quarter GDP flash estimate showed weak growth of 0.5% q/q compared to 0.6% expected.

Commentary -

• Pound struggled to maintain morning gains against Dollar as GDP weakened. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area. In the near term Pound is likely to rise towards 1.55 and 1.56 with support around 1.52 area.

USD/JPY -                      

Trading at 120.4

Trend meter -

• Long term - Buy, Medium term - Range/Buy, Short term - Range/sell

Support -

• Long term - 113.7-112.9, Medium term - 116-115, Short term - 118.6 (broken)

Resistance -

• Long term - 130, Medium term - 126, Short term - 121.7, Immediate - 120.5

Economic release today -

• Retail trade details to be released at 11:50 GMT.

Commentary -

• Yen is the best performer today as equities drop and further easing by BOJ looks bleak Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.986

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.93, Immediate -0.95

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• NIL

Commentary -

• Franc is the worst performer this week, due to probable intervention by Swiss National Bank.