http://friendfinder.com/go/g1361203
Cross Spot level Previous day move (in pips) Supp. Res. Daily target
USD/CHF 1.0729 0.0080 1.0715 1.0780
Daily chart 1.0655 1.0800
Short-term chart 1.0620 1.0860
Comments
As expected, yesterday proved to be a day of range trading on the dollar. The USD/CHF edged up to 1.0769 before US figures were published and then dipped back down to its support zone at 1.0634. Market activity is likely to be stable as we head into the weekend. We remain neutral on the pair and expect to be trading in a range between 1.0600 and 1.0750.
http://friendfinder.com/go/g1361203
EUR/USD 1.4175 -0.0061 1.4115 1.4215
Daily chart 1.4095 1.4265
Short-term chart 1.4050 1.4290
Comments
Yesterday’s trading saw the EUR/USD seesaw between a low of 1.4120 and a high of 1.4292. The publication today of Germany’s IFO business climate index and of a revised Michigan Sentiment reading in the US is unlikely to disrupt the summer tranquillity on the markets. We will be continuing to play a range between 1.4100 and 1.4250 on the EUR/USD.
http://friendfinder.com/go/g1361203
USD/JPY 94.81 0.63 94.55 95.40
Daily chart 94.10 95.70
Short-term chart 93.90 95.85
Comments
The EUR/CHF cross rose back above the 1.5200 mark yesterday, on the back of significant acquisitions by Swiss companies. Volatility was considerably higher during the session, with the trading range between a low at 1.5160 and a high at 1.5244. We are expecting to close this week in a range between 1.5175 and 1.5225. We are awaiting publication this morning of the German IFO index.
http://friendfinder.com/go/g1361203
EUR/CHF 1.5208 0.0045 1.5180 1.5255
Daily chart 1.5150 1.5280
Short-term chart 1.5135 1.5325
Comments
Boosted by the uptick on equity markets, a weakened dollar and strong retail sales growth in the UK, sterling continued its advance against the greenback, breaking past the 1.6500 barrier to reach a high of 1.6585. The top of our range is still 1.6600, and another positive day for equity markets should take us there. Today sees publication of the University of Michigan consumer confidence reading for July.
http://friendfinder.com/go/g1361203
GBP/USD 1.6502 0.0022 1.6455 1.6535
Daily chart 1.6430 1.6560
Short-term chart 1.6390 1.6605
Comments
Boosted by the uptick on equity markets, a weakened dollar and strong retail sales growth in the UK, sterling continued its advance against the greenback, breaking past the 1.6500 barrier to reach a high of 1.6585. The top of our range is still 1.6600, and another positive day for equity markets should take us there. Today sees publication of the University of Michigan consumer confidence reading for July.
http://friendfinder.com/go/g1361203
Cross Spot level Previous day move (in pips) Supp. Res. Daily target
USD/CHF 1.0729 0.0080 1.0715 1.0780
Daily chart 1.0655 1.0800
Short-term chart 1.0620 1.0860
Comments
As expected, yesterday proved to be a day of range trading on the dollar. The USD/CHF edged up to 1.0769 before US figures were published and then dipped back down to its support zone at 1.0634. Market activity is likely to be stable as we head into the weekend. We remain neutral on the pair and expect to be trading in a range between 1.0600 and 1.0750.
http://friendfinder.com/go/g1361203
EUR/USD 1.4175 -0.0061 1.4115 1.4215
Daily chart 1.4095 1.4265
Short-term chart 1.4050 1.4290
Comments
Yesterday’s trading saw the EUR/USD seesaw between a low of 1.4120 and a high of 1.4292. The publication today of Germany’s IFO business climate index and of a revised Michigan Sentiment reading in the US is unlikely to disrupt the summer tranquillity on the markets. We will be continuing to play a range between 1.4100 and 1.4250 on the EUR/USD.
http://friendfinder.com/go/g1361203
USD/JPY 94.81 0.63 94.55 95.40
Daily chart 94.10 95.70
Short-term chart 93.90 95.85
Comments
The EUR/CHF cross rose back above the 1.5200 mark yesterday, on the back of significant acquisitions by Swiss companies. Volatility was considerably higher during the session, with the trading range between a low at 1.5160 and a high at 1.5244. We are expecting to close this week in a range between 1.5175 and 1.5225. We are awaiting publication this morning of the German IFO index.
http://friendfinder.com/go/g1361203
EUR/CHF 1.5208 0.0045 1.5180 1.5255
Daily chart 1.5150 1.5280
Short-term chart 1.5135 1.5325
Comments
Boosted by the uptick on equity markets, a weakened dollar and strong retail sales growth in the UK, sterling continued its advance against the greenback, breaking past the 1.6500 barrier to reach a high of 1.6585. The top of our range is still 1.6600, and another positive day for equity markets should take us there. Today sees publication of the University of Michigan consumer confidence reading for July.
http://friendfinder.com/go/g1361203
GBP/USD 1.6502 0.0022 1.6455 1.6535
Daily chart 1.6430 1.6560
Short-term chart 1.6390 1.6605
Comments
Boosted by the uptick on equity markets, a weakened dollar and strong retail sales growth in the UK, sterling continued its advance against the greenback, breaking past the 1.6500 barrier to reach a high of 1.6585. The top of our range is still 1.6600, and another positive day for equity markets should take us there. Today sees publication of the University of Michigan consumer confidence reading for July.
http://friendfinder.com/go/g1361203
