Get the GBP/USD Forex Signal for February 11, 2016.
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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Get the EUR/USD Forex Signal for February 11, 2016.
Gold prices hit their highest level since May 22 during today's Asian session as investors scaled back expectations for more U.S. rate increases after Federal Reserve Chair Janet Yellen stressed that the policy was not on a pre-set course and they would respond appropriately to developments in international conditions and their impact on the economy.
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The EUR/USD pair initially fell during the day on Tuesday but found enough support below the 1.12 level to turn things around. The GBP/USD pair went back and forth during the course of the day on Tuesday, as we continue to hover around the 1.45 level.
The USD/JPY pair initially trying to break down a bit during the course of the day on Tuesday but we did get a little bit of a bounce. The NZD/USD pair rose during the day on Tuesday, as we continue to bounce around current areas.
The WTI Crude Oil markets fell again during the day on Tuesday, as we tested the $28 level again. Natural gas markets had a volatile session on Tuesday, as we continue to hover around the $2.10 level.
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The S&P 500 fell during the course of the day on Tuesday, but found enough support near the 1830 level to turn things back around. The NASDAQ 100 went back and forth during the course of the day as well, testing the 3900 level for support.
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Gold snapped seven consecutive days of gains as investors grew cautious ahead of Federal Reserve Chair Janet Yellen's appearance before the House Financial Services Committee.