Although global central banks announced as one to tighten monetary policy, including those who actually raised interest rates, at the same time, appetite for buying safe havens increased amid Omicron fears.
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
Since the beginning of this week, the USD/JPY has been moving in narrow ranges in the vicinity of the 113.33 level and the 113.75 level, where it has settled as of this writing.
Threats from the British government to re-impose COVID restrictions increased the pressure on the British pound in the Forex market.
Top Forex Brokers
The EUR/USD started the week after giving up an important level of support, leaving it at risk of a crash on the charts when low liquidity could lead to big moves heading into the holidays.
The USD/INR has reversed lower in the past day after traversing in higher territory, and speculative perceptions are being fueled by intriguing trading conditions.
The USD/TRY has been hit by a massive amount of volatility the past twenty-four hours, and speculators sincerely may want to wait patiently on the sidelines until the storm eases.
The DAX Index gapped lower to kick off the session on Monday and then absolutely cratered.
The IBEX Index got hammered during the open on Monday, plunging towards the €8200 level.
The West Texas Intermediate Crude Oil market fell rather hard on Monday as the “risk off” situation has taken hold at all points.
Bonuses & Promotions
The S&P 500 fell significantly on Monday as we continue to see quite a bit of hesitation.
The NASDAQ 100 fell significantly on Monday, reaching down towards the 15,500 level.
The euro rallied a bit on Monday, bouncing from the 1.1250 level yet again.
The British pound initially fell on Monday but then turned around to jump back above the 1.32 level.
Gold markets gapped lower to kick off the trading session on Monday, turned around to fill that gap, only to fall again.
The markets in general sold off to kick off the week on Monday, as we had a major “risk off” type of move in multiple assets, not just the Australian dollar.