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CURRENCIES

The June Dollar closed higher on Wednesday as it consolidates some of the decline off March's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 98.49 would open the door for a larger-degree decline into early-April. Closes above the 10-day moving average crossing at 100.87 would temper the near-term bearish outlook. First resistance is the 10-day moving average crossing at 100.87. Second resistance is March's high crossing at 103.96. First support is the 50-day moving average crossing at 98.49. Second support is the 75% retracement level of March's rally crossing at 96.89.

The June Euro closed lower on Wednesday as it consolidates some of the rally off March's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing at 109.36 would confirms that a short-term top has been posted. If June resumes the rally off March's low, the March 16th high crossing at 112.78 is the next upside target. First resistance is the March 16th high crossing at 112.78 is the next upside target. Second resistance is March's high crossing at 115.45. First support is the 10-day moving average crossing at 109.36. Second support is March's low crossing at 106.71.

The June British Pound closed slightly lower on Wednesday as it consolidates above the 20-day moving average crossing at 1.2311. The mid-range close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 50-day moving average crossing at 1.2734 is the next upside target. Closes below the 10-day moving average crossing at 1.2041. First resistance is the 50% retracement level of the December-March-decline crossing at 1.2505. Second resistance is the 50-day moving average crossing at 1.2734. First support is the 10-day moving average crossing at 1.2041. Second support is March's low crossing at 1.1438.

The June Swiss Franc closed lower on Wednesday as it consolidates some of the rally off March's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing at 1.0336 would confirm that a short-term top has been posted. If June resumes the rally off March's low, the March 16th high crossing at 1.0698 is the next upside target. First resistance is the March 16th high crossing at 1.0698. Second resistance is March's high crossing at 1.0943. First support is the 10-day moving average crossing at 1.0336. Second support is March's low crossing at 1.0138.

The June Canadian Dollar closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the 20-day moving average crossing at 71.25 would open the door for a larger-degree rally into early-April. If June renews the decline off January's high, the January-2016 low on the monthly continuation chart crossing at 68.09 is the next downside target. First resistance is the 20-day moving average crossing at 71.25. Second resistance is the 50% retracement level of the January-March-decline crossing at 72.71. First support is March's low crossing at 68.20. Second support is the January-2016 low on the monthly continuation chart crossing at 68.09.

The June Japanese Yen closed higher on Wednesday and above the 20-day moving average crossing at 0.0933 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, long-term resistance crossing at 0.0942 is the next upside target. Closes below the 10-day moving average crossing at 0.0918 would confirm that a short-term top has been posted. First resistance is long-term resistance crossing at 0.0942. Second resistance is March's high crossing at 0.0992. First support is March's low crossing at 0.0900. Second support is February's low crossing 0.0897.