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A slow down? after four days of going up, Dollar/Yen is flat today, hovering around 110.08.

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(Last update 2:11pm EST, June 15, 2021)

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Hesitant but green: from an earlier low of 110, Dollar/Yen is up to 110.08 gaining 1 pips compared to the 110.06 start of the day (0.01%).

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Dollar/Yen chart analysis: Dollar/Yen nearest support level is at 108.48. 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. Momentum evaluation shows The Relative Strength Index indicates Dollar/Yen is in overbought condition, keep an eye out for slowdown of gains. On the other hand note that the upper Bollinger band is at 110.19, indicating a downward move might be next.

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

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Dollar/Yen started the year by gaining 5.88%.

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WTO: Japan Initiates Dispute Complaint Against Chinese Steel Duties

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— LiveSquawk (@LiveSquawk) June 15, 2021

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Dollar/Swiss down slightly to 0.8981 (down 19 pips) after starting the day at 0.9

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(Last update 2:11pm EST, June 15, 2021)

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Dollar/Swiss slides down from 0.9 to 0.8981, losing 19 pips (0.21%).

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In terms of trend indicators, we can see that at 0.8981, 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 0.9016, indicating a further downward move might be next.

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

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Dollar/Swiss has started this year by gaining 1.44%.

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Australian dollar is down 28 pips (0.37%), trading around 0.7684

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(Last update 2:11pm EST, June 15, 2021)

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Australian dollar slides down from 0.7712 to 0.7684, losing 28 pips (0.37%).

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Visual analysis of the Australian dollar's price graph shows Australian dollar broke through the 0.7673 support line and dropped 11 pips below it. 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7673 – a low enough level to usually suggest Aussie/Dollar is trading below its value.

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

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Australian dollar started the year by gaining 0.16%.

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