The Japanese central bank and the US Federal Reserve continue to raise the pace of US interest rates sharply this year, supporting the bulls’ control over the direction of the USD/JPY currency pair
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 recent trading sessions are characterized by the presence of a strong and sharp struggle between bears and bulls to determine the direction of gold.
During last week's trading, GBP/USD rebounded sharply from its March 2020 lows and could look to extend its recovery in the coming days.
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Spot natural gas prices (CFDS ON NATURAL GAS) settled on a decline in its recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.36%.
The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in a session characterized by volatility by -0.13%.
The Euro has rallied a bit to kick off the week, breaking above the 1.05 level.
The greenback has pulled back just a bit against the Canadian dollar during the Juneteenth holiday, as the market has dipped below the 1.30 level.
The DAX has been somewhat volatile during the trading session on Monday, as we continue to look at the €13,250 region as an area of interest because it has been supported in the past
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The West Texas Intermediate Crude Oil market has found Monday to be rather quiet, which makes sense considering it was Juneteenth in the United States,
The US dollar has rallied a bit against the Japanese yen during the trading session on Monday, but it should be noted that it was Juneteenth in the United States
Fantom continues to look stagnant at best, as it hangs just above the $0.25 level, and seemingly has nowhere to be.
Dogecoin is now hovering just above $0.05, and therefore it’s likely that we are eventually going back to even lower levels.
The S&P 500 futures markets had a bit of limited trading during the Monday session, as it was Juneteenth in the United States.
Gold markets went back and forth during the trading session on Monday, as the Americans were away celebrating Juneteenth.