Gold futures settled sharply higher since yesterday, with the US dollar declining and bond yields falling
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 S&P 500 market initially fell during trading on Wednesday to reach down toward the 3600 level but then turned around quite drastically early in electronic trading as traders celebrated the fact that the Bank of England is going to start buying bonds.
The NASDAQ 100 has rallied a bit during the trading session on Wednesday as we continue to look for a longer-term floor.
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The FTSE 100 plunged during early hours on Wednesday, only to see a violent turn around after the Bank of England announced that it was going to step in and start buying bonds to fight the spike in-year-olds that we have seen over the last couple of days.
The EUR/USD has rallied a bit during the training session on Tuesday as we have seen a bit of a relief rally.
As of this writing the USD/NOK currency pair is near the 10.85000 vicinity, this after coming off of early lows seen this morning near the 10.68000 ratio.
The USD/BRL remains locked within the upper tier of its mid-term price range as a general election looms in Brazil for the 2nd of october.
The West Texas Intermediate Crude Oil market has bounced significantly during the trading session on Wednesday as we had seen a lot of noisy behavior.
The US dollar has pulled back just a bit during the trading session on Wednesday as we continue to see a lot of noisy behavior overall.
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The Bank of England stepped into the marketplace and started a bond buying program during the trading session on Wednesday in a bid to drive yield down.
The BTC/USD market has dropped a bit during the trading session on Wednesday to reach down toward the $18,000 level.
The AUD/USD initially plunged during trading on Wednesday but then turned around to show signs of strength again.
The GBP/USD price stabilized slightly as the market reflected on the latest intervention by the Bank of England (BoE).
The EUR/USD price continued its recovery during the Asian session as the market sentiment improved.
My Bitcoin signal yesterday produced a profitable long trade from the bullish rejection of the support level I had identified at $18,570.