The recent British economic data, especially with regard to inflation, raised expectations to force the Bank of England to raise interest rates, but the British Pound did not benefit from that.
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 GBP/USD price has been in a downward trend in the past few days. Get our daily Forex signal here.
The bullish retracement path of the USD/JPY currency pair this week was capped by testing the resistance level 135.50 before settling around the 135.10 level in the beginning of trading today,
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The US dollar recovered strongly after announcing the content of the minutes of the last meeting of the US Federal Reserve, which contributed to the increase in the selling of the gold price.
The AUD/USD price continued dropping on Thursday morning as it fell to the lowest point since August 8. Get our Forex signal here.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized in the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 1.49%.
The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to break with a series of gains that continued for five consecutive sessions.
Short term trading in the USD/MXN has produced slightly consolidated trading.
In early trading this morning the USD/RUB currency pair is near the 60.5000 vicinity and producing a rather solid consolidated price ratio.
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The EUR/USD price tilted upwards after the FOMC published minutes of the past meeting.
Bitcoin is gently selling off on deteriorating risk sentiment.
Sterling received support near recent levels against the euro and dollar after new data from the Office for National Statistics showed UK wages were faster than expected in June
The price of gold fell after the largest decline in a month, as investors sought to buy the US dollar, amid increasing signs of an economic slowdown.
Since the start of this week’s trading, the price of the euro currency pair against the US dollar EUR/USD has been subjected to strong selling operations.
Since the start of trading this week, the bulls have been trying to control the performance of the USD/JPY currency pair.