The GBP/USD pair declined slightly after an important warning by the Bank of England’s chief economist.
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 EUR/USD pair tilted higher on Thursday morning as focus shifted to the upcoming US consumer price index (CPI) data.
The AUD/USD bullish momentum continued as investors continued cheering Australia’s reopening plans.
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Gold futures settled higher to extend gains for the third consecutive session, even as the dollar held steady against other currencies.
For four trading sessions in a row, the price of the USD/JPY currency pair is moving amid bullish momentum.
We mentioned before that the sterling pound may remain supported in the future by the expectations of raising interest rates, and that the recent decline may be an opportunity to buy.
The euro tried to consolidate after European Central Bank President Christine Lagarde tried to calm market expectations of higher interest rates in the euro zone by appearing before EU lawmakers.
The price of the Turkish lira varied against the dollar during the early trading on Wednesday.
Yesterday, natural gas prices took some breaths after a series of big drops, with Nymex gas futures for March finally settling just 1.6 cents higher at $4,248.
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The US dollar did rally just a bit against the Singapore dollar, but as you can see, we are sitting on top of major support.
The Dow Jones Industrial Average rose in its recent trading at the intraday levels, to achieve gains for the second session in a row, by 1.06%
ADA/USD reached a solid short-term high early yesterday, but then saw a reversal lower demonstrated which sets the table for an intriguing day ahead.
After producing another day of solid upwards momentum on Tuesday, ETH/USD ran into resistance and reversed slightly lower in the past half day of trading.
There is a lack of direction in this currency pair.
The euro fell a bit on Tuesday to test the 1.14 level before turning around and showing signs of life.