India is considering a series of financial support mechanisms for its ailing business sectors, as the Covid-19 pandemic keeps the global economy hostage.
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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While the Eurozone is facing multiple threats to its economy and union alike, it is trumped by increasingly weak US data
New Zealand implemented one of the most severe lockdown measures, which was successful in combating the Covid-19 outbreak.
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The Euro rallied significantly during the trading session on Thursday, reaching towards the 1.10 level
Although the US dollar made an impressive turnaround during the trading session on Thursday, it is telling that the entire top of the candlestick gave back the gains late in the day
The Australian dollar has pulled back just a bit during the trading session on Thursday, reaching down to test the 0.68 level.
The S&P 500 pulled back a bit during the trading session on Thursday, as we had run into the 2945 level, which is where the 200 day EMA sits.
The NASDAQ 100 has pulled back a bit during the trading session on Thursday, after breaking significantly above the 9000 level.
The British pound has rallied rather significantly during the trading session on Thursday, reaching towards the 1.26 level.
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Silver markets have been all over the place during trading on Thursday.
The DAX initially trying to rally a bit during the trading session on Thursday but gave back the gains as we headed into the gap that has been formed on the daily chart.
Gold markets have fallen quite hard during the trading session on Thursday, breaking below the crucial $1700 level.
The West Texas Intermediate Crude Oil market ended the month of April with a bang, reaching towards the $19 level at the close of open pit trading.
The dollar did not receive any support from the results of the recent important US economic data, nor from the Federal Reserve announcing its monetary policy and the statements of its Governor, Jerome Powell.
After three consecutive trading sessions in which gold prices was corrected downward to $1692 an ounce.