It is expected that the US central bank would raise the interest rate by a lesser amount than in previous meetings, in light of a noticeable decline in US inflation
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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Investors abandoned the US dollar, which allowed the GBP/USD exchange rate to continue its upward rebound.
Throughout this week's trading, the price of the USD/JPY currency pair did not find any momentum to stop the downward retracement path.
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The continuation of the bearish pressure on the US dollar price is positive for the XAU/USD gold price,
The price of the TRY/USD has stabilized despite the strong movement in global markets since yesterday, after the decision to raise interest rates in the United States of America by 50 basis points.
The Dow Jones Industrial Average declined during its recent trading on intraday levels, to break a series of gains that lasted for two days.
The USD/NOK is near the 9.80000 ratios as of this writing with rather a quick trading flickering across the Forex monitor.
The USD/INR has continued to produce volatile movements within a known range and highlights the need for risk management for speculators.
The S&P 500 has gone back and forth during the day on Wednesday, as we are hanging around the 200-Day EMA.
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Gold markets have pulled back a bit after the FOMC statement, as it looks obvious that the Federal Reserve.
The EUR/GBP continues to construct against the British pound, as we start to head towards the European Central Bank meeting on Thursday.
The GBP/JPY has initially fallen during trading on Wednesday but has turned around to show signs of life as we continue to find buyers against the Japanese yen.
The West Texas Intermediate Crude Oil market rallied again during the trading session on Wednesday, as we have started to recover from extremely oversold conditions.
The Nifty 50 has gapped higher to kick off the day on Wednesday, showing strength yet again.
The Hong Kong stock exchange has been rather resilient over the last several weeks, as we continue to threaten quite a bit of major resistance.