Dollar index trading at 95.93 (-0.44%).
Strength meter (today so far) - Euro +0.72%, Franc +0.23%, Yen +0.35%, GBP +0.10%
Strength meter (since last week) - Euro +0.72%, Franc +0.23%, Yen +0.35%, GBP +0.10%
EUR/USD -
Trading at 1.121
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
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 sentix investor confidence dropped to 17.1 from 19.6 prior.
Commentary -
- Euro is having a good day bouncing back after Friday's selloffs. Barrack Obama's negative comments on strong dollar taking a toll and providing support to Euro.
GBP/USD -
Trading at 1.529
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell resistance
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 -
- BRC retail sales stat for may will be released at 23:00 GMT.
Commentary -
- Pound trying to pose comeback, however facing strong headwinds near 1.53 area.
USD/JPY -
Trading at 125.1
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 - 127.5
Economic release today -
- NIL
Commentary -
- Yen gained today amid weaker dollar. However remains sell against dollar.
USD/CHF -
Trading at 0.937
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 0.943-0.935. Franc remains a sell against dollar. The pair has taken support of 0.925 area.