Gold ended the week down $6.13 at $1176.82 an ounce as strong U.S. economic data bolstered the case for the Federal Reserve to take a more hawkish stance on the monetary policy.
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
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of December 5, 2016.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 5, 2016.
Top Regulated Brokers
The Euro rallied during the day on Thursday, as we continue to grind back and forth. The British pound got a bit of a reprieve during the day and broke much higher.
The US dollar fell a bit against the Japanese yen during the day on Thursday, as traders are starting to take profits on a massive move higher. The Australian dollar initially dipped during the day on Thursday but then rebounded a bit.
The S&P 500 initially rallied on Thursday but turned back to the very sign as we slammed into the 2190 handle. The NASDAQ 100 has been a bit of a laggard for some time now, but quite frankly this was a very strange move.
The WTI Crude Oil market broke above the $50 level during the session on Thursday, as we continue to see a lot of bullish pressure due to the OPEC production cut. Natural gas markets rose during the day, reaching towards the $3.50 level.
Get the NZD/USD Forex Signal for December 1, 2016 here.
Get the AUD/USD Forex Signal for December 1, 2016 here.
Bonuses & Promotions
Get the USD/JPY Forex Signal for December 1, 2016 here.
Get the USD/CAD Forex Signal for December 1, 2016 here.
Get the USD/CHF Forex Signal for December 1, 2016 here.
Get the GBP/USD Forex Signal for December 1, 2016 here.
Get the EUR/USD Forex Signal for December 1, 2016 here.
The S&P 500 tried to rally during the session on Wednesday but found the area above the most recent highs has been far too resistive. The NASDAQ 100 fell pretty significantly during the day as it looks like we are trying to reach down to the 4800 level.