Gold and Silver are holding up well despite the generally strong bearish reversals we have just seen in commodity markets.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The NASDAQ 100 went back and forth early during the trading session on Thursday.
Gold has done a little bit of sideways dancing during the early hours on Thursday just as we have seen it do all week.
The dollar has recovered after initially falling down a bit against the Japanese yen during trading on Thursday as we continue to see the buy on the dip mentality come into the picture.
The US dollar has been strong for some time, and recently we have seen the GBP/USD pair go back and forth.
Over the last several sessions, I have been paying close attention to the GBP/CHF pair, as it has such a significant amount of swap that you can get paid.
The euro initially found during trading on Thursday, but then turned around to show signs of strength again as we continue to threaten the ¥165 level.
The German DAX initially fell during the trading session on Thursday, reaching down to the 50-Day EMA.
Bitcoin has rallied significantly during the course of the trading session on Thursday, as we have seen the $60,000 level offer significant support.
USD/TRY trading rose in early Thursday trading, as the pair seeks to break through resistance levels that have held this month at 32.50 and close above them daily.
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In limited trading, the British pound received a boost after the latest UK inflation reading exceeded expectations and shifted the odds in favor of an August rate cut.
Recently, the US dollar exchange rate against other major currencies has remained supported by new warnings from Federal Reserve Chairman Jerome Powell that US interest rates will need to stay at current levels for longer than previously expected.
For three trading sessions in a row, the price of the euro against the US dollar (EUR/USD) is trying to rebound higher, but its gains did not exceed the level of 1.0680.
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Sign up to get the latest market updates and free signals directly to your inbox.In the middle of trading this week, gold futures retreated as investors digested the latest remarks from Federal Reserve Chairman Jerome Powell.
The downwards momentum in the NZD/USD which has developed over the mid-term cannot be denied.