The S&P 500 broke down significantly during the Friday session after it was announced that the Americans had killed and an Iranian general,
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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The British pound fell during the trading session on Friday, slicing through the 1.31 handle.
The Euro broke down rather significantly during the trading session on Friday, slicing through the 200 day EMA in a bit of a “risk off” type of scenario,
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The Australian dollar got hit rather hard during the Friday session as word got out that the Americans had killed an Iranian general.
Amid renewed global geopolitical tensions, particularly from North Korea and the Middle East region, it was natural to have a strong demand for safe havens, the most important of which is the Japanese Yen, and accordingly, the USD/JPY price declined for six consecutive trading sessions, reaching the 107.86 support in the beginning of this week’s trading.
Natural gas markets went back and forth during the trading session on Friday, as we got inventory figure slightly better than anticipated.
The persistence and exacerbation of the recent global geopolitical tensions will naturally support further gains in gold prices.
The West Texas Intermediate Crude Oil market has broken higher during the trading session on Friday, reaching above the $62.50 level.
In the first trading sessions for the new year 2020, the GBP/USD price returned to decline again.
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The EUR/USD price did not enjoy its recent gains, which reached the 1.1240 resistance, the highest level in nearly five months, before falling back to the 1.1125 level during the last Friday session.
Bitcoin has rallied significantly during the trading session on Friday after the Americans killed an Iranian general, sparking a major “risk off” type of rally.
Gold markets rallied rather significantly during the trading session on Friday, cranking above the $1550 level before stalling out at the end of the day.