Dollar index trading at 97.03 (-0.80%).
Strength meter (today so far) - Euro +1.15%, Franc 0.7%, Yen +0.34%, GBP -0.21%
Strength meter (since last week) - Euro +1.15%, Franc 0.7%, Yen +0.34%, GBP -0.21%
EUR/USD -
Trading at 1.093
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Buy
Support -
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.077-1.075
Resistance -
- Long term - 1.1035-1.11, Medium term - 1.102-1.11, Short term - 1.102-1.105
Economic release today -
- Greek current account deficit shrank to € -0.847 billion.
- Mario Draghi at speech in Brussels vouched for ECB monetary policies.
Focus -
- Focus is on Merkel and Tsiparas meeting.
- Yield differentials with US to influence the pair.
GBP/USD -
Trading at 1.4935
Trend meter -
- Long term - Range/Sell, Medium term - Sell, Short term - Range/Triangle
Support -
- Long term - 1.425-1.417, Medium term - 1.462-1.455, Short term - 1.475-1.472
Resistance -
- Long term - 1.553-1.56, Medium term - 1.516-1.52, Short term - 1.498-1.502
Economic release today -
- CBI industrial trend survey came at 0 compared to prior 10 and expectation 9.
Focus -
- Weakening growth and inflation outlook.
- BOE policy might tilt either side.
- Large fiscal and current account deficit.
USD/JPY -
Trading at 119.65
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.5-119.2
Resistance -
- Long term - 125, Medium term - 122, Short term - 122
Economic release today -
- NIL
Focus -
- Risk trends and broad based dollar weakness.
USD/CHF -
Trading at 0.967
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Sell
Support -
- Long term - 0.88, Medium term - 0.937, Short term - 0.96
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.997
Economic release today -
- NIL
Focus -
- Stronger franc to impact Swiss economy.
- Slowdown in China and sanctions over Russia to cause slowdown.
- Weaker inflation outlook and negative bond yields.


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