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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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.
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.
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.
Small recovery against the greenback after G7 statement.
Bitcoin is about to undergo a transactional halving.
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The US dollar pulled back slightly during the trading session on Monday.
The USD initially pulled back against the ZAR during the trading session on Wednesday but has found support below the 19 Rand level in order to get involved.
The US dollar has fallen a bit against the Canadian dollar during the trading session on Wednesday, as we continue to see a lot of volatility.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound has rallied significantly during the early hours on Wednesday but has given back some of the gains.
The US dollar initially pulled back during the trading session on Wednesday but found buyers underneath to continue to pick it up.
The GBP/USD exchange stabilized as the recent sell-off took a breather after the latest UK inflation data and a statement by Andrew Bailey.