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Dollar/Yen goes back up to March 2020 levels, reaching 111.17

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(Last update 2:11am EST, July 1, 2021)

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Starting the session at 111.11, Dollar/Yen rallied above 111.17 for the first time in 1 year, gaining 4 pips, and now trading at 111.16.

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Important graph levels to look out for: Dollar/Yen nearest support level is at 108.77. Momentum evaluation shows The Relative Strength Index shows Dollar/Yen has gone up above 70 going into overbought territory. Asset volatility analysis shows that the upper Bollinger band is at 111.29, indicating a downward move might be next. On the other hand note 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.

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Overall, looking at all the technical indicators, it seems Dollar/Yen might be pointing down in the short term.

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Dollar/Yen has started this year by gaining 6.59%.

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Confidence among Japan’s large manufacturers rebounded to the highest since 2018 https://t.co/DaI1Ksr7d4

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— Bloomberg (@business) July 1, 2021

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Dollar/Swiss continues a five day positive streak and is up 10 pips to 0.926

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(Last update 2:11am EST, July 1, 2021)

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Dollar/Swiss is rallying again to 0.926 (up 10 pips), after erasing earlier rally gains.

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Dollar/Swiss chart analysis: Dollar/Swiss nearest support level is at 0.8954. 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/Swiss is in strong overbought condition. On the other hand note that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.9274 – a high enough level to usually suggest Dollar/Swiss is trading above its value.

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

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Dollar/Swiss started the year by gaining 3.9%.

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Aussie/Dollar down 18 pips, closing at 0.7482, for its four straight negative days

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(Last update 2:11am EST, July 1, 2021)

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Australian dollar is sliding down from 0.75 to 0.7482, taking a 18 pips loss (0.22%).

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Important graph levels to look out for: Aussie/Dollar might start to recover soon because it is getting close and is now only 5 pips from support line at 0.7476, obviously dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7454 – a low enough level to usually suggest Australian dollar is trading below its value.

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Overall, looking at the technical analysis landscape, it seems Australian dollar might start pointing upward in the short term.

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Aussie/Dollar started the year by losing 2.46%.

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