Britain is not as broken as everyone seems to think 
How supermarkets are changing their branding to make you think they’re cheaper 
Four ways EU laws affect the daily lives of European citizens today 
It’s OK to mow in May − the best way to help pollinators is by adding native plants 
From Bridgerton to Grey’s Anatomy, Shonda Rhimes is the queen of romance 
Term limits aren’t the answer 
Cheaper medicines and a new approach for mental health care 
Why banks consider renewable energy to be a riskier investment than fossil fuels 
The budget is full of good news, but good news isn’t the same as good management 
Cancer drug pollution is a growing global concern 
 - EconoTimes)
Dollar index trading at 94.62 (+1.27%).
Strength meter (today so far) - Euro -1.47%, Franc +1.66%, Yen -0.90%, GBP -0.43%
Strength meter (since last week) - Euro +0.24%, Franc -0.33%, Yen +1.72%, GBP +0.04%
EUR/USD
Trading at 1.141
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085
Resistance
- Long term - 1.175-1.18, Medium term - 1.172, Short term - 1.163
Economic release today
- NIL
Commentary
- Euro pared almost all of yesterday's gains as risk aversion faded further.
GBP/USD
Trading at 1.569
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 - 1.544-1.54
Resistance
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572(broken)
Economic release today
- NIL
Commentary
- Pound traded as high as 1.581 against Dollar, however sank below 1.57 mark in New York session.. Active call - Buy Pound against Dollar, targeting 1.595 area and 1.609 area with stop loss around 1.54 and 1.53 area.
USD/JPY
Trading at 119.9
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Sell
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7(broken), Immediate - 120.7(broken)
Resistance
- Long term - 130, Medium term - 127.5, Short term - 127.5.
Economic release today
- NIL
Commentary
- Yen is still the best performer this week as risk aversion subsided but not completely over.
USD/CHF
Trading at 0.949
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support
- Long term - 0.88, Medium term - 0.90, Short term - 0.95(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 worst performer today as Dollar found its groove back amid fading of risk aversion. Target reached at 0.93
