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Dollar index trading at 95.24 (-0.03%).
Strength meter (today so far) - Euro -0.06%, Franc -0.28%, Yen +0.18%, GBP +0.14%
Strength meter (since last week) - Euro -1.28%, Franc -2.01%, Yen -0.80%, GBP -0.91%
EUR/USD -
Trading at 1.12
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell resistance
Support -
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118-1.115
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.129-1.132
Economic release today -
- NIL
Commentary -
- Euro almost flat as no solution is reached on Greece yet.
GBP/USD -
Trading at 1.572
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548-1.545
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595
Economic release today -
- According to CBI survey sales are down in June but outlook remains bright.
Commentary -
- Pound has performed well today, however remains almost flat as market awaits Greek resolution.
USD/JPY -
Trading at 123.6
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy support
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.4
Economic release today -
- CPI and unemployment is scheduled at 23:30 GMT.
Commentary -
- Yen lost further ground against dollar as policy divergence is back in focus.
USD/CHF -
Trading at 0.936
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/buy support
Support -
- Long term - 0.88, Medium term - 0.90, Short term - 0.90
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- NIL
Commentary -
- Franc is the worst performer this week, down more than 2% against dollar so far. Franc remains sell against dollar. SNB's Jordon said Franc remains overvalued.
