The S&P 500 went back and forth during the course of the trading session on Thursday as we continue to see a lot of nonsensical volatility.
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 Euro Stoxx 50 initially looked as if it was ready to pull back a bit during the trading session on Thursday but turned around to show signs of strength again.
The British pound initially fell during the trading session on Thursday, only to turn around and show signs of life yet again.
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It looks like the U.S. dollar continues to work its magic against the Japanese yen. As the Bank of Japan is stuck.
The US dollar has pulled back just a bit during the early hours on Thursday, showing signs of weakness against the Indian rupee.
The Ibex 35 in Spain has been somewhat quiet over the course of the last 5 or 6 trading sessions, but this needs to be taken into the overall picture of a market that had shot higher for some time.
The US dollar has been relatively quiet during the Thursday session against the Russian ruble, as we are at a major technical analysis point that a lot of traders will be paying close attention to
The USD/TRY pair continued its movement in a limited range with the pair stabilizing throughout this week.
USD/JPY remains stable around the 156.78 resistance level as of writing.
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Sterling rose to $1.275 yesterday, its strongest level in about two months, after a higher-than-expected UK inflation reading reduced bets on a Bank of England rate cut.
For the second day in a row, the EUR/USD has given up its recent gains, which reached the 1.0885 resistance level at the beginning of trading this week.
Gold futures fell in the middle of trading this week after some Federal Reserve officials indicated that the central bank could raise interest rates if economic data requires further tightening.
At this point it looks like the euro is testing a major support level against the British pound in the form of the 0.85 level.
The New Zealand dollar has been very noisy during the trading session on Wednesday, initially breaking out to the outside and testing the 0.6150 level but has turned around to fall rather hard.
The U.S. dollar has fallen somewhat significant in the early hours against the Canadian dollar, but then turn around to show signs of life.