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Dollar/Yen is down 17 pips (0.16%), trading around 110.11

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(Last update 6:11am EST, June 4, 2021)

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Dollar/Yen is down to 110.11 having started the day at 110.29, overall a 0.16% loss or 17 pips today.

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In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band at 110.25, indicating a further downward move might be next.

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

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Dollar/Yen started the year by gaining 5.75%.

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Japan’s economy likely shrank less than initially estimated in Q1 https://t.co/ZCOgenWNSX pic.twitter.com/3k7gONjhRF

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— Reuters (@Reuters) June 4, 2021

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Dollar/Swiss hovers around 0.9043

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(Last update 6:11am EST, June 4, 2021)

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Dollar/Swiss trades at 0.9043 having started the day at 0.9036, overall a 0.07% move or 6 pips today.

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In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at 0.9039, indicating a downward move might be next.

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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 1.45%.

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Aussie/Dollar up 0.21%, trading around 0.7669

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(Last update 6:11am EST, June 4, 2021)

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Australian dollar is up to 0.7669 having started the day at 0.7653, overall a 0.21% move or 15 pips today.

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In terms of trend indicators, we can see that the CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Australian dollar has just crossed the lower Bollinger band at 0.7669, indicating downward correction might be next

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

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Australian dollar has started this year by gaining 0.72%.

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