 - EconoTimes)
Dollar index trading at 90.22 (+0.22%)
Strength meter (today so far) – Euro -0.27%, Franc -0.39%, Yen -0.58%, GBP -0.05%
Strength meter (since last week) – Euro -0.48%, Franc -0.59%, Yen -0.16%, GBP +0.26%
EUR/USD –
Trading at 1.226
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.18, Medium term – 1.2, Short term – 1.22
Resistance –
- Long term – 1.25, Medium term – 1.25, Short term – 1.25
Economic release today –
- Markit manufacturing PMI came at 56.6 in March.
Commentary –
- The euro is down this week as dollar rebounds with strength.
GBP/USD –
Trading at 1.404
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Sell
Support –
- Long term – 1.35, Medium term – 1.385, Short term – 1.385
Resistance –
- Long term – 1.50 Medium term – 1.485, Short term – 1.435
Economic release today –
- Markit manufacturing PMI rose to 55.1 in March.
Commentary –
- The pound is the best performer of the week. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 106.4
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 104.2
Resistance –
- Long term – 111, Medium term – 109, Short term – 107
Economic release today –
- NIL
Commentary –
- The yen is down this week despite some risk aversion as dollar rebounds. Active call – Buy yen targeting 101
USD/CHF –
Trading at 0.959
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Sell
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.92
Resistance –
- Long term – 1.03, Medium term – 0.98, Short term – 0.95 (broken)
Economic release today –
- Real retail sales down 0.2 percent y/y in February.
- SVME PMI declined to 60.3 in March.
Commentary –
- Franc is down in line with the euro this week.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
