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Dollar index trading at 95.62 (-0.35%).
Strength meter (today so far) - Euro +0.22%, Franc +0.26%, Yen +0.95%, GBP -0.34%
Strength meter (since last week) - Euro +0.63%, Franc -0.07%, Yen +1.45%, GBP -0.46%
EUR/USD
Trading at 1.125
Trend meter
- Long term - Buy, 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 - 1.172, Short term - 1.163, Immediate - 1.132
Economic release today
- Euro zone unemployment rate dropped to 10.9%, lowest level in more than three years
Commentary
- Euro has reached initial target of 1.12 and now consolidating around that level. 1.13 area proving to be crucial.
GBP/USD
Trading at 1.531
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,
Resistance
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.58
Economic release today
- Manufacturing PMI contracted further to 51.5 in August from 51.9 in July.
Commentary
- Pound is the worst performer this week, currently challenging key support at 1.53 area. Further decline is possible.
USD/JPY
Trading at 119.9
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Sell
Support
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118
Resistance
- Long term - 130, Medium term - 127.5, Short term - 124.5
Economic release today
- PMI for manufacturing dropped to 51.7 in August from 51.9 in July.
Commentary
- Yen is the best performer this week as stock market rout renewed.
USD/CHF
Trading at 0.962
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range
Support
- Long term - 0.88, Medium term - 0.90, Short term - 0.93
Resistance
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today
- PMI rose to 52.2 in August from 48.7 in July.
Commentary
- Franc benefiting from haven flows today as risk aversion returned in the market.
