Britain is not as broken as everyone seems to think 
Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity 
It’s OK to mow in May − the best way to help pollinators is by adding native plants 
Four ways EU laws affect the daily lives of European citizens today 
Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study 
Latest inflation figures are good news 
The budget is full of good news, but good news isn’t the same as good management 
How German media attention idealises female Ukrainian refugees 
How supermarkets are changing their branding to make you think they’re cheaper 
Cheaper medicines and a new approach for mental health care 
 - EconoTimes)
Dollar index trading at 96.90 (+0.66%).
Strength meter (today so far) - Euro -0.75%, Franc -0.56%, Yen +0.45%, GBP -1%
Strength meter (since last week) - Euro -1.31%, Franc -0.89%, Yen +0.57%, GBP -0.83%
EUR/USD -
Trading at 1.096
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.08-1.085
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132
Economic release today -
- Greece failed to present any new proposal to Euro group today.
Commentary -
- Euro broke further down as deal still remains eluded, likely to trade further down.
GBP/USD -
Trading at 1.543
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/sell
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548-1.545(broken)
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595, Immediate - 1.582
Economic release today -
- Industrial production grew by 2.1% in May from a year ago, but manufacturing is down by -0.6% on monthly basis.
Commentary -
- Pound is down sharply today as Yields dropped at sharp pace.
USD/JPY -
Trading at 122.1
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7, Immediate - 122
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.4
Economic release today -
- NIL
Commentary -
- Yen is top performer today, amid risk aversion.
USD/CHF -
Trading at 0.948
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/buy support
Support -
- Long term - 0.88, Medium term - 0.90, Short term - 0.90
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- Swiss inflation rose by 0.1% in June, but down -1% from a year ago.
Commentary -
- Franc is down against dollar and likely to remain so.
