Currency snapshot (major pairs)

Dollar index trading at 96.6 (-0.63%).

Strength meter (today so far) - Euro +0.61%, Franc +0.31%, Yen +0.44%, GBP +0.90%

Strength meter (since last week) - Euro +0.29%, Franc -0.83%, Yen +0.61%, GBP +0.98%

EUR/USD -

Trading at 1.105

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 - 1.11 area

Economic release today -

• Euro zone inflation was 0% in September, while core stands at 1%. Unemployment rate came at 10.8%

Commentary -

• Euro moved up sharply as inflation improved and Dollar weaken across board. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.546

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 -

• GFK consumer confidence dropped to 2 for October from 3 in September.

Commentary -

• Pound turned out to be the best performer of the week. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 120.6

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 - 119.5

Resistance -

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

Economic release today -

• Bank of Japan kept monetary policy unchanged.

Commentary -

• Yen failed to gain much ground even as BOJ held policy steady. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.985

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 (broken)

Economic release today -

• NIL

Commentary -

• Franc is the worst performer this week as SNB intervening in the market.