Following the initial liquidity rush across the global financial system, which sparked the US Dollar to multi-year highs, fundamentals are slowly resurfacing.
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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Turkey’s health ministry confirmed local Covid-19 transmission exceed imported ones after the death toll increased to 44, and total cases approach 2,000.
Hopes that economic stimulus packages and corporate bailouts will spark an economic recovery in the second half of 2020 are premature.
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Singapore was one of the first countries to react to the Covid-19 outbreak, but initial success caused it to fall behind.
Silver markets got a bit of a boost during the trading session on Tuesday, breaking above the $14.00 level as traders look at the Federal Reserve
Gold markets have rallied significantly during the trading session on Tuesday, reaching towards the $1700 level.
The FTSE 100 gapped higher to show extreme signs of strength, as the market jumped above the 5000 level in the futures contract.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday but found resistance near the $25 level to give back the gains.
For the second day in a row, gold prices are trying to correct higher, taking advantage of the US dollar's gains, with the yellow metal's gains reaching the $1575 level at the time of writing.
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The US dollar remains the strongest against most other major currencies, as investors buy the American currency amid large efforts by the US central bank to stimulate the American economy and American markets.
With the beginning of this week’s trading, the recent US dollar record gains have stopped.
Today, investors' attention will turn to the announcement of the readings of the purchasing managers' index for the industrial and services sectors of the Eurozone economies.
The US dollar pulled back a bit initially during the trading session on Monday but found enough support near the ¥109.50 level to turn around and rally again.
The S&P 500 gapped lower during the trading session to kick off the week on Monday, and then went limit down at one point.
The Australian dollar has gone back and forth during the trading session on Monday to kick off the week, as we continue to hover around the 0.58 level.