WTI Crude Oil: Why Price Gaps Keep Appearing
USD/ZAR remains elevated after South Africa's rate surprise as traders weigh Fed risk, fragile sentiment, and the possibility of calmer momentum.
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.
WTI Crude Oil: Why Price Gaps Keep Appearing
The Euro rose a bit against the Swiss franc on Tuesday, as the interest rate differential continues to have an influence here.
The Australian dollar dropped slightly against the Japanese yen on Tuesday but has since shown buyers coming back into the markets, with the 114-yen level offering that buying area.
The GBP/USD pair has remained under pressure this week as investors brace for major macro events in the UK and the US.
The EUR/USD pair rose slightly as investors waited for the upcoming Federal Reserve interest rate decision.
The BTC/USD pair has remained in a consolidation phase in nearly two months and is showing signs of bottoming ahead of the Federal Reserve interest rate decision. Bitcoin was trading at $63,700 on Wednesday, up from this month’s low of $57,200.
The AUD/USD exchange rate dropped in the last three consecutive days, reaching its lowest level since July 14, down modestly from this month’s high of 0.7027.
EUR/USD is testing 1.1350 support as elevated US yields, weak risk appetite, and Middle East headlines keep pressure on the euro.
USD/ZAR remains elevated after South Africa's rate surprise as traders weigh Fed risk, fragile sentiment, and the possibility of calmer momentum.
The euro rose against the Japanese yen on Monday, but then fell a bit later, as risk appetite has seemingly found trouble in the US session. That being said, you still get paid a positive swap to hold here.
The euro has been bullish again in the early part of the Monday session, as the markets continue to see a bounce play out. Longer-term, this is a market that is still in a downtrend.
The Australian dollar fell a bit in the early part of the session on Monday, as we continue to see a lot of volatility.
The GBP/USD exchange rate has pulled back substantially in the past few days, moving from this month’s high of 1.3558 to the current 1.3291.
The EUR/USD pair wavered as the US and Iran paused their attacks, with traders also awaiting the upcoming Federal Reserve decision and key macro data from the US and the European Union. The pair traded at 1.1373, a level it has held around for the past few days.
The BTC/USD pair remained under pressure today, July 28, as traders waited for the upcoming Federal Reserve interest rate decision. Bitcoin dropped to $63,178, down modestly from this month’s high of 66,820.