Currency snapshot (major pairs)

Dollar index trading at 95.65 (+0.08%).

Strength meter (today so far) - Euro +0.16%, Franc +0.25%, Yen -0.29%, GBP -0.15%

Strength meter (since last week) - Euro +2.09%, Franc +0.80%, Yen -0.52%, GBP +0.29%

EUR/USD -

Trading at 1.122

Trend meter -

• Long term - Sell, Medium term - Range, Short term - Range/Buy support

Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118-1.116

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.132

Economic release today -

• Euro zone GDP grew by 0.4% q/q and 1% y/y as per second flash estimate.

Commentary -

• Euro having another volatile day, rose sharply to 1.128, after last night's big drop however dropped to 1.123 as NFP report approaches.

GBP/USD -

Trading at 1.533

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.525-1.528

Resistance -

• Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.566-1.57, Immediate - 1.542-1.545

Economic release today -

• Consumer inflation expectation rose to 2.2% from 1.9% prior.

Commentary -

• Pound dropped towards 1.529 however recovered sharply, trading at 1.533 as NFP report approaches.

USD/JPY -                      

Trading at 124.7

Trend meter -

• Long term - Buy, Medium term - Rang/Buy, Short term - Range/Buy

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 123.6

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 125

Economic release today -

• NIL

Commentary -

• Yen continues to pose weakness against dollar, likely to go down further. 125 remains key resistance.

USD/CHF -

Trading at 0.933

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy support

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90, Immediate - 0.925

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• Swiss Forex reserve dropped to 517.5 billion from 522.2 billion.

Commentary -

• Franc trading almost flat against dollar. Today's range 0.936-0.929. Franc remains a sell against dollar.