Crude oil prices tumbled following a weak US jobs report and OPEC's decision to increase output, pulling the market back into its expected summer range.
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.
Most Recent
The S&P 500 slipped after weak NFP data, but with rate cut expectations rising and the 6150 support level in sight, dip buyers may soon step back in.
The Australian dollar bounced on Friday's weak US jobs report but remains capped by the 50-day EMA, with traders watching for a potential breakdown below recent lows.
Top Forex Brokers
Silver steadied near its 50-day EMA on Friday after disappointing US jobs data, with traders eyeing $35 support and potential rebound toward $40.
Gold and Bitcoin eye breakouts as Fed uncertainty stirs markets. Stocks retreat. Watch $120K BTC and $3,433+ Gold this week.
Day traders likely experienced a range of emotions this past week depending on the luck of their wagers and it is possible the coming week will not be any easier in the EUR/USD.
WTI Crude Oil has gone into the weekend near the 66.450 ratio via futures markets as the price of the commodity saw an upwards move early in the week, only to be slapped lower on Friday harshly.
Major markets shift as USD holds ground. Dive into silver, gold, crypto, and FX moves in this week’s forecast. Key levels and trends ahead.
The British pound held around the key 1.32 level on Thursday amid growing US dollar strength and shifting expectations for Fed rate cuts.
Bonuses & Promotions
WTI crude oil tumbled from recent highs on Thursday as geopolitical tensions and Trump’s remarks on Russian oil triggered a sharp reversal into summer’s trading range.
The Euro remains under pressure below 1.15 as the US dollar strengthens on Fed policy expectations, with the upcoming jobs report poised to set the tone.
Silver tumbled on Thursday as Fed hawkishness boosted the US dollar, putting the metal's uptrend at risk ahead of Friday’s crucial jobs data.
Natural gas bounced off the key $3.00 support level on Thursday, but seasonal demand weakness and a looming death cross suggest downside risks remain.
The US dollar continues to gain against the Japanese yen, with a break above 151 potentially targeting 156.5 as policy divergence deepens.
The Nasdaq 100 experienced volatile Thursday trading, with a short-term pullback expected before potentially resuming its bullish trend.