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 British pound went back and forth during the trading session on Monday, as we continue to see a lot of noise in the market.
The Australian dollar went back and forth during the trading session on Friday, as we are drifting into the weekend, more of a limp than anything else.
Singapore’s Trade and Industry Minister Chan Chun Sing confirmed that the city-state is bracing for a more significant economic contraction than the previously forecast 4.0% annualized GDP slump.
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India resists a massive fiscal stimulus, as favored in developed economies. It attempts to walk a fine line between building a bridge for the most vulnerable sectors,
Short-term concerns pressured the US Dollar higher as liquidity concerns remain, and the US Federal Reserve is printing money at a record pace.
US initial jobless claims continue to mount, with next week’s data likely to surpass 30 million job losses over two months due to the global Covid-19 pandemic
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Preliminary PMI data out of the UK indicated a steep slowdown, mirrored across Europe, Australia, and the US, due to the global Covid-19 pandemic.
The Australian dollar initially pulled back a bit against the US dollar during the trading session on Thursday, but then rocketed towards the 0.64 handle later in the day.
The Euro initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains as the market reached towards the 1.0850 level.
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The S&P 500 rallied a bit during the trading session on Thursday but gave back the gains in order to form a bit of a shooting star.
The NASDAQ 100 initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains in order to form a massive shooting star.