Currency snapshot (major pairs)

Dollar is mixed against the majors (EUR, GBP, CHF, and JPY) over portfolio adjustments ahead of FOMC today. Dollar index is at 99.62 trading flat for the day. This week's performance at a glance in chart and table -

• Euro is the top performer this week but failed to break above the resistance. Construction improved across Eurozone in January grew by 1.9% mom and 3% YoY. However trade balance went down to € 7.2 billion from prior € 23.9 billion. Euro is currently trading at 1.059. Immediate Support lies at 1.05, 1.035 & Resistance 1.067, 1.09.

• Pound is the worst performer today after employment data showed weaker wage growth. Average earnings grew only by 1.8% including bonus. Minutes from BOE showed that MPC members are united over the current policy. Pound is currently trading at 1.463. Immediate Support lies at 1.452 & Resistance 1.483.

• Yen is continuing its range, and its range is getting squeezed. Today's range so far is just 30 pips. FOMC might provide further direction. Yen is trading at 121.2; up by 0.15% in today's trading. Immediate Support lies at 119.5 & Resistance 122.

• Franc is gaining grounds today, as dollar bulls failed to break above the level prior to SNBs action in January. Zew survey published today, showed improvements. Reading was -37.9 compared to previous -75. Franc is currently trading at 1.003, up by 0.26% in today's trading. Immediate Support lies at 0.986 & Resistance 1.02.