\\n

\\n\",\"\\n

Dollar/Yen on way to it's biggest one-day loss in 7 months and a half falling 77 pips (0.7%)

\\n

(Last update 7:11am EST, June 5, 2021)

\\n

\\n

Dollar/Yen closed at 109.51 after making its largest single-day drop of 77 pips (0.7%) since November 2020.

\\n

In terms of trend indicators, we can see that at 109.63, Dollar/Yen made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band at 110.1, indicating a further downward move might be next. In contrast Dollar/Yen might start to recover soon because it is getting close and is now only 103 pips from support line at 108.48, obviously dipping below it could be an indication that further losses are ahead.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems further drawback may be next for Dollar/Yen.

\\n

Dollar/Yen started the year by gaining 5.75%.

\\n

\\n
\\n

The 1940 Olympic games in Tokyo were cancelled. Japan's government does not want a repeat https://t.co/sdArxeAC01

\\n

— The Economist (@TheEconomist) June 5, 2021

\\n

\\n

\\n\",\"\\n

Dollar/Swiss slides down to 0.8991 (down 44 pips) after starting the day at 0.9036

\\n

(Last update 7:11am EST, June 5, 2021)

\\n

\\n

Dollar/Swiss yesterday at a glance – light red, Dollar/Swiss closed at 0.8991 after ranging between 0.9054 and 0.8982.

\\n

Chart visual study suggest Dollar/Swiss resistance level is at 0.9089. In terms of trend indicators, we can see that at 0.9, Dollar/Swiss made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band at 0.9028, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Dollar/Swiss is likely to continue pointing down in the short term.

\\n

Dollar/Swiss started the year by gaining 1.45%.

\\n\",\"\\n

Aussie/Dollar trades at 0.774 after jumping by 87 pips (1.14%) – its biggest single-day gain since Feb 19

\\n

(Last update 7:11am EST, June 5, 2021)

\\n

\\n

Starting at 0.7653 Aussie/Dollar closed at 0.774 after making its biggest single-day jump of 87 pips (1.14%) since Feb 19.

\\n

Aussie/Dollar chart analysis: nearest resistance level is at 0.7856. In terms of trend indicators, we can see that at 0.7741, Aussie/Dollar made an initial breakout above 50 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. On the other hand note that the upper Bollinger band is at 0.7789, this is a slight indication of a slowdown.

\\n

Overall, looking at the technical analysis landscape, it seems Australian dollar likely to continue pointing upward in the short term.

\\n

Australian dollar started the year by gaining 0.72%.

\\n\\n\"],\"title\":\"Financial Markets Review – 5 June 2021 – 07:11:28\",\"date\":\"2021-06-05T11:11:28\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }