The S&P 500 has been crushed on Thursday as we continue to react to negative geopolitical situations.
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 Ethereum market has fallen rather hard during the trading session on Thursday, as we continue to see a lot of “risk off” behavior around the world.
Monero has gotten hammered during the trading session on Thursday right along with the rest of crypto as risk assets across-the-board were sold off.
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Yesterday, natural gas futures closed nearly 10% higher, as cold weather forecasts in the US raised demand expectations.
Gold prices rose today as the dollar weakened although higher US interest rates are still looming.
The relative calm of fears of Russia’s invasion of Ukraine contributed to the recovery of the price of the EUR/USD to the resistance level 1.1395.
The price of the GBP/USD currency pair is settling around the resistance 1.3597 at the time of writing the analysis.
Despite the strong signals from the Federal Reserve about the future of raising US interest rates this year, the USD/JPY currency pair is subjected to selling operations that pushed it towards the level of 115.11.
The Fed minutes were released and did little to change the perception that the Fed might raise interest rates by 50 basis points in March.
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The lira has stabilized during today's early trading, without major changes, as investors await the Turkish interest rate decision, which is expected to be released today.
MATIC/USD has climbed higher over the past couple of days, and has maintained a stronger short term price range which could ignite bullish speculation.
SHIB/USD has traded slightly lower in early trading today after coming off short-term highs, and intriguingly, Shiba Inu looks technically opportunistic.
The AUD remains vulnerable to a sudden deterioration of risk sentiment.
The euro rallied just a bit on Wednesday to show signs of life again, but there is a significant amount of supply above that I think comes into the picture.
The West Texas Intermediate Crude Oil market rallied significantly on Wednesday to recapture almost all of the losses from the previous session.