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 - EconoTimes)
Dollar performance mixed against the majors (EUR, GBP, JPY, & CHF) so far this week. A chart and table is attached for explanation.
- Euro continued whipsaw movement depending on the news flow. Better data coming out of Europe and Investor sentiment are positive for the Euro while ECB bond purchase and political risk is bearing on it. Currently trading at 1.13. Immediate Support lies at 1.127 & Resistance 1.147.
- Pound remained the best performing currency and economic data remain mixed. Growth data, construction & hawkish BOE positive for the Pound but low inflation is weighing on it. Currently trading at 1.543. Immediate Support lies at 1.53 & Resistance 1.547.
- Yen continued range movement amid a very dovish central bank & risk aversion. Services PMI data today positive at 3.4% YoY and GDP growing at 0.6%. Currently trading at 119.5. . Immediate Support lies at 118.2 & Resistance 120.5.
- Franc is the worst performer & continued depreciation after the massive appreciation on January 15, 2015 when SNB blinked on EUR/CHF floor. Massive appreciation will bear badly on the economy in the coming days. Currently trading at 0.95. Immediate Support lies at 0.937 & Resistance 0.954.
|
Euro |
-0.66% |
|
Pound |
0.25% |
|
Frank |
-1.43% |
|
Yen |
-0.42% |
