Currency snapshot (major pairs)

Dollar index trading at 93.635 (+0.00%)

Strength meter (today so far) – Euro +0.16%, Franc +0.01%, Yen -0.26%, GBP -0.25%

Strength meter (since last week) – Euro -0.46%, Franc -0.71%, Yen -0.77%, GBP -1.08%

EUR/USD –

Trading at 1.175

Trend meter –

• Long term – Buy, Medium term – Buy, Short term – Sell

Support          

• Long term – 1.14, Medium term – 1.16, Short term – 1.175

Resistance –

• Long term – 1.22, Medium term – 1.22, Short term – 1.22

Economic release today –

• Producer price inflation up 0.3 percent in august, up 2.5 percent from a year ago.

Commentary –

• The euro is down this week as Catalonia independence referendum weighs. Active call – Sell targeting 1.14

GBP/USD –

Trading at 1.324

Trend meter –

• Long term – Sell, Medium term – Buy, Short term – Buy

Support –

• Long term – 1.28, Medium term – 1.295, Short term – 1.313

Resistance –

• Long term – 1.38 Medium term – 1.36, Short term – 1.36

Economic release today –

• Construction PMI declined to 48.1 in September.

Commentary –

• The pound is the worst performer of the week as domestic politics weigh on Brexit outlook.

USD/JPY –           

Trading at 113

Trend meter –

• Long term – Sell, Medium term – sell, Short term – Range/Sell

Support –

• Long term – 107, Medium term – 108.4, Short term – 108.4

Resistance –

• Long term – 116, Medium term – 114.2, Short term – 114.2

Economic release today –

• Consumer confidence index up 43.9 in September

Commentary –

• The yen is down this week on lack of risk aversion. Active call – Buy yen targeting 101

USD/CHF –

Trading at 0.975

Trend meter –

• Long term – Buy, Medium term – Range/sell, Short term – Range/Sell

Support –

• Long term – 0.90, Medium term – 0.92, Short term – 0.95

Resistance –

• Long term – 1.04, Medium term – 1.01, Short term – 0.987

Economic release today –

• NIL

Commentary –

• Franc is down in line with the euro. Active call – Buy pair targeting 1.02

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