Dollar index trading at 98.27 (+0.38%).
Strength meter (today so far) - Euro -0.50%, Franc -0.35%, Yen -0.42%, GBP -0.24%
Strength meter (since last week) - Euro -1.10%, Franc -0.59%, Yen -0.60%, GBP -0.57%
EUR/USD -
Trading at 1.069
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range/Buy support/Sell resistance
Support -
- Long term - 1.048-1.036, Medium term - 1.048-1.036, Short term - 1.048-1.036
Resistance -
- Long term - 1.1035-1.11, Medium term - 1.102-1.11, Short term - 1.083-1.086
Economic release today -
- Zew economic sentiment improved to 64.8 from 62.4 prior.
Commentary -
- Euro is worst performer today, as Greek woes add to the falling yields against treasuries.
GBP/USD -
Trading at 1.488
Trend meter -
- Long term - Range/Sell, Medium term - Sell, Short term - Sell resistance/ Range
Support -
- Long term - 1.425-1.417, Medium term - 1.462-1.455, Short term - 1.462-1.455
Resistance -
- Long term - 1.553-1.56, Medium term - 1.516-1.52, Short term - 1.498-1.502
Economic release today -
- 30 year bonds yielded 2.34%. for 2014, UK fiscal deficit stand unchanged from 2013 at -5.7%
Commentary -
- Pound is best performer today among majors, however bulls are facing resistance around 1.491 area. Trading in arrange of 60 pips today. Tomorrow's BOE minutes might provide further guidance.
USD/JPY -
Trading at 119.1
Trend meter -
- Long term - Buy, Medium term - Range/Sell, Short term - Range/Buy support/Sell resistance
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118.5-118
Resistance -
- Long term - 125, Medium term - 122, Short term - 122. Immediate - 120.8
Economic release today -
- Leading economic index dropped to 104.8 from 105 prior and coincident index dropped to 110.7 from 113.2 prior. Japanese trade details are scheduled for release at 23:50 GMT.
Commentary -
- Yen performed poorly today, after dollar bulls taken out 119 level last night, however range remains
USD/CHF -
Trading at 0.958
Trend meter -
- Long term - Buy, Medium term - Sell/Range, Short term - Range/Sell resistance
Support -
- Long term - 0.88, Medium term - 0.937, Short term - 0.945, Immediate - 0.95
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.997, Immediate - 0.966-0.972
Economic release today -
- NIL
Commentary -
- Franc continues to shift between bulls and bears, taking cues from dollar. Franc bulls need to take out the bears around 0.95 level to resume medium term down trend.
