 - EconoTimes)
Dollar index trading at 91.87 (+0.32%)
Strength meter (today so far) – Euro -0.45%, Franc -0.43%, Yen -0.35%, GBP -0.33%
Strength meter (since last week) – Euro -0.45%, Franc -0.43%, Yen -0.35%, GBP -0.33%
EUR/USD –
Trading at 1.208
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.18, Medium term – 1.2, Short term – 1.2
Resistance –
- Long term – 1.25, Medium term – 1.25, Short term – 1.25
Economic release today –
- Private loans up 3 percent y/y in March.
Commentary –
- The euro started the week on a back foot as the dollar recovery continues.
GBP/USD –
Trading at 1.373
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Sell
Support –
- Long term – 1.35, Medium term – 1.365, Short term – 1.365
Resistance –
- Long term – 1.50 Medium term – 1.485, Short term – 1.435
Economic release today –
- NIL
Commentary –
- The pound declined as BoE governor Carney signaled slower pace of hikes and as GDP number disappointed and as strong dollar weighs. Active call- short term sell targeting 1.375 (target reached); extended to 1.354
USD/JPY –
Trading at 109.3
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 101, Medium term – 104.2, Short term – 106.2
Resistance –
- Long term – 111, Medium term – 109, Short term – 109 (testing)
Economic release today –
- NIL
Commentary –
- The yen is down this week on back of a stronger dollar. Active call – Buy yen targeting 101
USD/CHF -
Trading at 0.991
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 – 1.00, Short term – 1.00
Economic release today –
- KOF leading indicator rose to 105.3 in April.
Commentary –
- Franc is down in line with the euro this week.
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