Dollar index trading at 95.20 (-0.20%).
Strength meter (today so far) - Euro +0.25%, Franc +0.56%, Yen +1.04%, GBP +0.20%
Strength meter (since last week) - Euro -1.72%, Franc -1.98%, Yen -1.01%, GBP -0.85%
EUR/USD -
Trading at 1.118
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.08-1.085
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132
Economic release today -
- Euro zone business climate deteriorated in June to 0.14 from 0.28.
- Economic sentiment dropped to 103.5 from 103.8.
- Services sentiment improved marginally to 7.9 from 7.8 prior.
- Industrial confidence dropped to -3.4 from -3 prior.
- Consumer confidence remained flat at -5.6.
Commentary -
- Euro opened gap down around 1.10 and traded as low as 1.095, however recovered and traded as high as 1.12 against dollar. Volatility is likely to persist till the referendum on next Sunday.
GBP/USD -
Trading at 1.577
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
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, Immediate - 1.582
Economic release today -
- NIL
Commentary -
- Pound showed strength today, but remains trapped, however remains sell against dollar with stop around 1.582 and 1.595 and target around 1.532.
USD/JPY -
Trading at 122.5
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 is the best performer today, gained as more than 1% against dollar as Greek referendum sparked risk aversion.
USD/CHF -
Trading at 0.927
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 gained amid weak dollar today but remains medium term sell against dollar.
