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After three days of going down, Dollar/Yen up 37 pips today

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(Last update 5:11am EST, June 2, 2021)

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Hesitant but green: from an earlier low of 109.39, Dollar/Yen is up to 109.86 gaining 37 pips compared to the 109.48 start of the day (0.34%).

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In terms of trend indicators, we can see that even though Dollar/Yen is up today, it is worth noting that earlier it dropped below 5 day Simple Moving Average and was trading at 109.48, a possible sign that a negative trend is ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 110.15 – a high enough level to usually suggest Dollar/Yen is trading above its value.

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Overall, looking at the technical analysis landscape, it seems Dollar/Yen is likely to reverse course and start pointing down in the short term.

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Dollar/Yen has started this year by gaining 5.77%.

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Heiwa Real Estate’s close boardroom and financial ties with its top tenant and forebear, Japan Exchange Group, have been highlighted by a hedge fund. @JennHughes13 explains why it’s embarrassing it took an activist to point out issues with its landlord: https://t.co/OPMWr2fAMU pic.twitter.com/UJgiWnBOAK

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— ReutersBreakingviews (@Breakingviews) June 2, 2021

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Dollar/Swiss bounces 49 pips from 3 months low

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(Last update 5:11am EST, June 2, 2021)

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Having started at 0.8963 Dollar/Swiss dropped to 0.8961, hitting its lowest point in 3 months, later it recovered 49 pips and is now trading at 0.901.

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Chart visual study suggest Dollar/Swiss could be slowing down soon as it approaches resistance at 0.9089, of course crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at 0.8986, Dollar/Swiss made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. Medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. Asset volatility analysis shows that the upper Bollinger band is at 0.902, this is a slight indication of a slowdown.

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Overall, the technical analysis picture suggests Dollar/Swiss is neutral for the immediate future, with no clear-cut direction.

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Dollar/Swiss has started this year by gaining 1.58%.

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Is it the end of Aussie/Dollar rally? After three days of gains, it's down 0.43% today

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(Last update 5:11am EST, June 2, 2021)

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Aussie/Dollar is down to 0.7718 having started the day at 0.7752, overall a 0.43% loss or 33 pips today.

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Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.768 – a low enough level to usually suggest Aussie/Dollar is trading below its value.

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Overall, looking at the technical analysis landscape, it seems Aussie/Dollar might start pointing upward in the short term.

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Aussie/Dollar started the year by gaining 0.53%.

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