The GBP/USD price was in a tight range on Thursday morning as market participants waited for commentaries by Jerome Powell and Andrew Bailey.
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The EUR/USD has been very noisy during the trading session on Wednesday as we continue to hover just below the parity level.
The NASDAQ 100 has done very little during the trading session on Wednesday as we continue to sit just above the 50 Day EMA.
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The S&P 500 has rallied slightly during the trading session on Wednesday as we are waiting to see what Jerome Powell has to say on Friday.
The USD/ZAR has gone back and forth during the trading session on Wednesday as it looks like we are running out of momentum.
The WTI Crude Oil market rallied significantly during the trading session on Wednesday as we are now approaching the 200-Day EMA.
The US dollar has strengthened sharply in recent days and there are likely to be further gains if global stock markets decline further from recent highs, but this week's Jackson Hole Symposium will be the main domestic event for the US currency.
The price of gold maintained an advance as investors weighed on expectations for the path of the Federal Reserve's monetary policy tightening after new data indicated some weakness in the US economy.
The dollar held steady against the other major currencies on the back of safe-haven flows, while the euro hovered near a two-decade low as Europe grapples with energy supplies and broader concerns about economic growth.
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My previous GBP/USD signal on 16th August could have produced a slightly profitable short trade from the bearish rejection of the resistance level which I had identified at $1.2100 if the trade had been closed out at the end of the day’s London session.
The US dollar's gains were temporarily halted against the other major currencies after data released yesterday showed that the slowdown in the US economy may have accelerated in August.
The Dow Jones industrial index continued to decline in its recent trades ,registering record losses for the third session in a row.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a decline in recent trading at intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.96%.
The USD/CAD is producing a rather steady diet of fast paced value changes as it traverses within its upper range.