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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South Africa, Africa’s most infected Covid-19 country, received $4.3 billion in emergency financial assistance under the Rapid Financing Instrument of the US-based International Monetary Fund (IMF)
The West Texas Intermediate Crude Oil market continues to go back and forth, doing nothing at all, as we are sitting around the $41 level.
The NASDAQ 100 has shown itself to be resilient over the longer term, and as we pulled back a bit during the trading session on Wednesday.
The S&P 500 has initially pulled back against the backdrop of a FOMC meeting coming out on Wednesday.
India continues to report nearly 50,000 new Covid-19 infections daily and remains the most-infected country in Asia.
The British pound has rallied significantly during the trading session on Wednesday as we reached towards the $1.30 level before pulling back ever so slightly.
The Japanese yen has gained slightly during the trading session on Wednesday after the Federal Reserve reiterated its determination to liquefy the markets.
The Australian dollar has rallied again during the trading session on Wednesday and now that we have gotten the FOMC statement and press conference on the way, is very likely that the Aussie can continue the trend that we have been in.
The Bitcoin markets have rallied again during the trading session on Wednesday, as we continue to see buyers jump into this marketplace.
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The silver markets have gone back and forth during the trading session on Wednesday as the FOMC has spoken, reiterated and the fact that they are willing to flood the markets with US dollars.
Gold markets have been all over the place after the FOMC meeting announcement, and even after the press conference.
The US dollar initially tried to rally during the trading session on Tuesday but gave back the gains in order to roll over again.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound initially dipped a bit during the trading session on Tuesday but then rallied rather significantly.
At the beginning of yesterday's trading, gold price jumped to $1981, the highest in history.
Will the recent US dollar collapse affect the monetary policy decisions of the US Federal Reserve today?