The global stock sell-off continues as investors are shocked to realize that the Federal Reserve's work to try to tame hyperinflation in the US is far from over
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 lost notable gains against the dollar and fell against the euro, yen and franc following comments from the US central bank chief
The USD/SGD has sustained its higher price range in early trading this morning and is traversing near the 1.35300 level as of this writing.
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The silver market experienced a bit of a rollercoaster ride, initially falling but then finding enough buyers to turn things around and show signs of life.
The USD/JPY is near the 136.700 ratios as of this writing and is lingering around values produced last Friday.
The S&P 500 market experienced a dip in futures trading overnight but managed to recover some ground during the day.
The US dollar has rallied significantly against the Japanese yen during Wednesday's early trading hours.
The US dollar has pulled back just a bit against the Swiss franc during trading on Wednesday, as the 200-Day EMA has caused a little bit of resistance.
The GBP/USD has been quiet during Wednesday's trading session, hovering around the 1.18 level.
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The Gold markets have remained relatively subdued during Wednesday's trading session, reflecting the confusion among traders regarding monetary policy.
On Wednesday, the EUR/USD experienced a dip below the 200-Day EMA, which prompted value hunters to take notice.
During Wednesday's trading session, the West Texas Intermediate Crude Oil market fell slightly, reflecting the ongoing back-and-forth nature of the crude oil market.
The US dollar has fallen again during the trading session on Tuesday against the Mexican peso, as we are now breaking through the 18 pesos level.
The AUD/USD has rallied slightly during Wednesday's trading session, but it's more likely an opportunity to sell this pair at the first signs of exhaustion.
The EUR/USD sell-off faded after the second day of Jerome Powell’s testimony in Congress.