Historic correlation between DX Vs DJIA suggests the long-term trend is still dollar bearish till the Dollar Index is not closing above 84.50 on monthly basis. Even the medium term trend has turned bearish after the Dollar Index breached 81.00 ranges and with immediate support seen in 78.70-78.20 ranges.
NYMEX Crude slipped again found support at $88.00 ranges to currently trade firm at $90.00. Short term trend is sideways with $87.15 ranges acting as key support and $94.10 range acting as resistance.
USDJPY Sideways 79.00 78.80 78.20 77.60
GBPUSD Down 1.6140 1.6070 1.6000 1.5920
USDCHF Sideways-Up 0.9370 0.9350 0.9320 0.9280
EURJPY Sideways-Down 102.90 102.40 101.20 99.80
AUDUSD Sideways 1.0290 1.0260 1.0220 1.0160
Economic Data Source: www.briefing.com
GMT- Greenwich Mean Time, ET-Eastern Time (U.S), IST-Indian Standard Time
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