More price rises and empty shelves on the cards as UK brings in Brexit border checks 
Electric vehicles are usually safer for their occupants – but not necessarily for everyone else 
The biblical character who goes ‘down the rabbit hole’ into an alternate reality − just like Alice in Wonderland 
Four myths about vertical farming debunked by an expert 
High interest rates aren’t going away anytime soon – a business economist explains why 
Ensuring victims’ rights: The federal ombudsperson’s office is necessary but insufficient 
China set to blast off to the far side of the Moon – here’s what it could discover 
Why it takes so long to simulate the climate in a supercomputer 
To make AI safe, governments must regulate data collection 
The French identify as Europeans – and yet are also notoriously Eurosceptic 
Supporting ‘democracy’ is hard for many who feel government and the economy are failing them 
 - EconoTimes)
Dollar index trading at 93.76 (-0.56%).
Strength meter (today so far) - Euro +0.44%, Franc -0.37%, Yen +0.58%, GBP +0.29%
Strength meter (since last week) - Euro +1.35%, Franc +1.10%, Yen +0.40%, GBP +2.18%
EUR/USD -
Trading at 1.141
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118-1.115
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.135-1.138 (broken)
Economic release today -
- Euro group to discuss on Greece, Cyprus and Portugal
Commentary -
- Euro is up on dovish FOMC, but remain trapped under Greek crisis.
GBP/USD -
Trading at 1.59
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548-1.545
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595
Economic release today -
- UK retail sales rose 4.6% in May on yearly basis.
Commentary -
- Pound is the best performer this week, rose sharply as FOMC commentary pushed dollar down. However 1.6 area is likely to provide strong resistance.
USD/JPY -
Trading at 122.9
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy support
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 123.6
Economic release today -
- NIL
Commentary -
- Despite today's gain, Yen remains sell against dollar, likely to weaken further against Euro and Pound.
USD/CHF -
Trading at 0.917
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
Support -
- Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90, Immediate - 0.925 (broken)
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- NIL
Commentary -
- Franc is performing well and likely to keep doing well as safe haven flows are going into Swiss economy amid Greek crisis. However over the longer horizon, Franc remains sell against dollar.
