Currency snapshot (major pairs)

Dollar index trading at 95.40 (+0.33%)

Strength meter (today so far) – Euro -0.27%, Franc -0.31%, Yen -0.11%, GBP -0.63%

Strength meter (since last week) – Euro -0.60%, Franc -0.20%, Yen -0.52%, GBP -1.61%

EUR/USD –

Trading at 1.161

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 –

• NIL

      Commentary –

• The euro is declining as the dollar recovers with a bang. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.095

GBP/USD –

Trading at 1.3

Trend meter –

• Long term – Sell, Medium term – Sell, Short term – Sell

Support –

• Long term – 1.24, Medium term – 1.27, Short term – 1.3

Resistance –

• Long term – 1.37 Medium term – 1.35, Short term – 1.33

Economic release today –

• Retail sales up 3 percent y/y in June, down from 4.5 percent a month ago.

Commentary –

• The pound is the worst performer of the week amid a strong dollar and Brexit concerns. 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 112.9

Trend meter -

• Long term – Sell, Medium term – sell, Short term – Range/Buy

Support –

• Long term – 104.2, Medium term – 106.2, Short term – 109.2

Resistance –

• Long term – 114, Medium term – 111, Short term – 111

Economic release today –

• NIL

Commentary –

• The yen is declining as the strong dollar and bullish equities weigh.

USD/CHF –

Trading at 1.002

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 –

• June trade balance came at 2.591 billion franc.  

Commentary –

• Franc is the best performer of the week but down against the dollar.