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Dollar index trading at 97.49 (-0.06%).
Strength meter (today so far) - Euro +0.26%, Franc -0.22%, Yen -0.27%, GBP +0.32%
Strength meter (since last week) - Euro +0.26%, Franc -0.22%, Yen -0.27%, GBP +0.32%
EUR/USD -
Trading at 1.099
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/ Buy
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 -
- Euro zone Sentix investor confidence dropped to 18.4 from 18.5
Commentary -
- Euro gained further grounds today and likely to trade higher.
GBP/USD -
Trading at 1.554
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 -
- BRC retail sales to be released at 23:00 GMT.
Commentary -
- Pound is the best performer today as it found support at range low last week.
USD/JPY -
Trading at 124.5
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 -
- Consumer confidence dropped to 40.3 in July from 41.7 in June.
- Current account surplus came at Y558.6 billion, lower than prior Y 1.88 trillion.
Commentary -
- Yen is the worst performer today as weaker than expected economic releases continue to weigh. Yen might lose to 127 against dollar if support around 121 holds.
USD/CHF -
Trading at 0.985
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 -
- NIL.
Commentary -
- SNB intervention keeps Fran weak. Expect further loss against Dollar.
