The S&P 500 gapped higher to kick off the session on Tuesday, as the CPI figures before the session opened came in at 7.1% year-over-year.
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 Hang Seng index has rallied slightly during the trading session on Tuesday, as we continue to threaten a significant chart level.
The twist of irony is that the BTC/USD has proven that it is not immune to financial conditions around the world recently.
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The AUD/USD rallied significantly during the trading session on Tuesday as the market reacted to the CPI numbers coming out at 7.1% in the United States year over year, as opposed to the expected 7.3%.
The West Texas Intermediate Crude Oil market has rallied a bit during the session on Tuesday, as we continue to see a bit of a recovery in this market that has been so oversold.
The GBP/USD rallied a bit during the trading session on Tuesday as the CPI number in the United States came out of 7.1% year-over-year, as opposed to the anticipated 7.3%.
The NZD/USD has rallied significantly during the session on Tuesday as the CPI never came out to 7.1% year-over-year in the United States, prompting some traders to suspect that the Federal Reserve is getting closer to slowing down its monetary tightening policy.
Gold markets have rallied during the session on Tuesday as we have seen CPI numbers in the United States come out at 7.1% year-over-year.
The EUR/USD rallied a bit during the trading session on Tuesday, as the CPI number came out at 7.1% year-over-year in the United States.
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US inflation data pushes Bitcoin to 1-month high price.
The GBP/USD price rose slightly after the latest UK jobs and US consumer inflation data.
The EUR/USD exchange rate darted higher during the American and Asian sessions after the strong American inflation numbers.
The AUD/USD price spiked to the highest level in months after the encouraging American inflation data.
The EUR/USD exchange rate retained many of November's gains in early December trading, but technical resistance continued to thwart its path above the 1.06 resistance.
The GBP/USD exchange rate remained near its highest level in nine months in recent trading.