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After starting the day at 109.32, Dollar/Yen up slightly to 109.65 (up 33 pips)

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(Last update 1:11pm EST, June 12, 2021)

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Dollar/Yen yesterday at a glance – Dollar/Yen spiked to 109.65 gaining 33 pips.

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Chart visual study suggest after reaching 109.84 resistance zone Dollar/Yen retreated back 18 pips below it. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Dollar/Yen dropped below the 21 day Simple Moving Average as it was trading at 109.33, usually an indication 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 109.97 – 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 5.84%.

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China is challenging the relatively open way in which the Asia-Pacific region has long operated. Leaders in Beijing accuse America, Australia, India and Japan of forming an anti-China bloc https://t.co/l10u9mwpLZ

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— The Economist (@TheEconomist) June 12, 2021

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Dollar/Swiss bounced 52 pips from 3 months low and closed at 0.8985

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(Last update 1:11pm EST, June 12, 2021)

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Having started at 0.8946 Dollar/Swiss dropped to 0.8933, hitting its lowest point in 3 months, later it recovered 52 pips and it closed higher at 0.8985.

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Chart pattern study shows although Dollar/Swiss is green today and was as high as 0.9, it seems to be slowing down slightly and moving away from the 0.9092 resistance line, and is now 106 pips below it. Asset volatility analysis shows that the upper Bollinger band is at 0.9018, this is a slight indication of a slowdown. In contrast at 0.8989, Dollar/Swiss made an initial breakout above 21 day Simple Moving Average, an indication of a positive trend.

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Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Dollar/Swiss.

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Dollar/Swiss has started this year by gaining 1.18%.

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Australian dollar is down 51 pips (0.66%), trading around 0.7706

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(Last update 1:11pm EST, June 12, 2021)

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Australian dollar yesterday at a glance – Australian dollar went dark red after losing 51 pips, tumbling down to 0.7706.

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In terms of trend indicators, we can see that at 0.7748, Aussie/Dollar made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band at 0.7781, indicating a further downward move might be next.

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

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Australian dollar started the year by gaining 0.74%.

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