Dollar index trading at 96.36 (-0.42%).
Strength meter (today so far) - Euro +0.41%, Franc -0.05%, Yen +1.5%, GBP -0.82%
Strength meter (since last week) - Euro -0.59%, Franc -0.89%, Yen +1.65%, GBP -1.47%
EUR/USD -
Trading at 1.105
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 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 -
- NIL
Commentary -
- Euro is treading water ahead of FOMC minutes today. Greek request to ESM for a new third bail out provided some support.
GBP/USD -
Trading at 1.533
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 - 1.53
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.565, Immediate - 1.55
Economic release today -
- Halifax house prices rose 1.7% in June on monthly basis. UK budget was presented today.
Commentary -
- Pound is down sharply today as Yields dropped at sharp pace.
USD/JPY -
Trading at 120.7
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7, Immediate - 122(broken)
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 123
Economic release today -
- Eco watcher's survey showed for current situation dropped to 51 from 53.3 while outlook dropped 53.5 from 54.5 prior.
Commentary -
- Yen is top performer today, and likely to continue so as long as risk aversion maintains.
USD/CHF -
Trading at 0.948
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 likely to remain sell against dollar.


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