Dollar index trading at 93.27 (-0.12%).
Strength meter (today so far) - Euro +0.32%, Franc +0.42%, Yen -0.07%, GBP +0.06%
Strength meter (since last week) - Euro +2.07%, Franc +1.64%, Yen +0.34%, GBP +2.23%
EUR/USD -
Trading at 1.143
Trend meter -
- Long term - Sell, Medium term - Range/Buy Support, Short term - Buy
Support -
- Long term - 1.048-1.036, Medium term - 1.106-1.102, Short term - 1.11
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14(broken)
Economic release today -
- NIL
Commentary -
- Euro moved above previous high made and gained as industrial production faltered in US.
GBP/USD -
Trading at 1.577
Trend meter -
- Long term - Range, Medium term - Buy Support, Short term - Range/Buy support
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.537-1.534
Resistance -
- Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.582-1.584
Economic release today -
- CB leading economic indicator grew by 0.2% in April compared to 0.6% prior.
Commentary -
- Pound rally came to a halt, however gather pace once more after US data altered. Further rise is likely.
USD/JPY -
Trading at 119.3
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 -
- Consumer confidence dropped to 41.5 in April.
Commentary -
- Yen showing heavy volatility intraday making swings both ways, however continuing its range
USD/CHF -
Trading at 0.915
Trend meter -
- Long term - Buy, Medium term - Sell/Range, Short term - Range/Sell resistance
Support -
- Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987, Immediate - 0.944-0.947
Economic release today -
- PPI dropped at sharpest pace since crisis in April by -2.1% m/m and -5.2% y/y.
Commentary -
- Franc is the best performer today as bulls pushed dollar lower once again, however pair is likely to consolidate here with downside bias as support area is pretty close.
