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Dollar index trading at 97.60 (-0.18%).
Strength meter (today so far) - Euro +0.44%, Franc +0.04%, Yen +0.42%, GBP -0.28%
Strength meter (since last week) - Euro -0.10%, Franc -1.69%, Yen -0.31%, GBP -0.95%
EUR/USD -
Trading at 1.097
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 - 1.08-1.085
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 the best performer today as Dollar dropped over lower than expected NFP.
GBP/USD -
Trading at 1.547
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 - 1.544-1.54
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572
Economic release today -
- Trade balance for June came at -£ 1.6 billion.
Commentary -
- Pound is the worst performer today as BOE dovish ness continue to weigh on it. It might pose bounce back from range/channel floor next week.
USD/JPY -
Trading at 124.2
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7, Immediate - 120.7
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5.
Economic release today -
- NIL
Commentary -
- Yen fell sharply after touching 125 today. Further downside remains open but overall Yen remains sell against Dollar. Yen might lose to 127 against dollar if support around 121 holds.
USD/CHF -
Trading at 0.981
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 0.88, Medium term - 0.90, Short term - 0.95
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- SNB FX reserve grew to 531.8 billion.
Commentary -
- Franc is the worst performer this week as SNB remains heavy Franc seller.
