 - EconoTimes)
Dollar index trading at 95.10 (+0.55%)
Strength meter (today so far) – Euro -0.66%, Franc -0.62%, Yen -0.17%, GBP -0.69%
Strength meter (since last week) – Euro -0.66%, Franc -0.62%, Yen -0.17%, GBP -0.69%
EUR/USD –
Trading at 1.16
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Sell
Support
- Long term – 1.12, Medium term – 1.145, Short term – 1.145
Resistance –
- Long term – 1.22, Medium term – 1.2, Short term – 1.18
Economic release today –
- Markit manufacturing PMI declined to 54.9 in June.
- Unemployment rate declined to 8.4 percent in May.
Commentary –
- The euro opened the week in back foot. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095
GBP/USD –
Trading at 1.31
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Sell
Support –
- Long term – 1.24, Medium term – 1.27, Short term – 1.3 (testing)
Resistance –
- Long term – 1.37 Medium term – 1.35, Short term – 1.33
Economic release today –
- Markit manufacturing PMI declined to 54.9 in June.
Commentary –
- The pound is the worst performer of the week on a stronger dollar. Active call- short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.3
USD/JPY –
Trading at 110.9
Trend meter -
- Long term – Sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 101, Medium term – 104.2, Short term – 106.2
Resistance –
- Long term – 111, Medium term – 111, Short term – 109 (broken)
Economic release today –
- Nikkei manufacturing PMI declined to 53 in June.
Commentary –
- The yen is down on strong dollar despite slide in equities.
USD/CHF –
Trading at 0.996
Trend meter –
- Long term – Buy, Medium term – Range/sell, Short term – Range/Buy
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.95
Resistance –
- Long term – 1.03, Medium term – 1.00, Short term – 1.00
Economic release today –
- Real retail sales down 0.1 percent in May.
Commentary –
- Franc is down in line with the euro.
