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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Spot natural gas prices rose in the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 1.12%.
The GBP/USD exchange rate rose by more than a percentage yesterday to 1.2277 after US CPI inflation rose 8.5% in the year to July,
US inflation figures shook the strength of expectations for the future of a strong and continuous tightening of the US Federal Reserve.
The decline in US inflation rates, stronger than expected, negatively affected the path of expectations of raising US interest rates in the coming months.
ETH/USD has produced a solid upwards climb the past day of trading and has touched the 1900.00 level in early trading today.
The EUR/GBP has climbed in early trading this morning, this after finding a groundswell of support yesterday via technical interpretations.
Still selling off from yesterday’s spike to above $1.0350.
The S&P 500 Index rallied a bit on Wednesday as the CPI numbers came out cooler than anticipated.
The West Texas Intermediate Crude Oil market pulled back initially on Wednesday to test the lows yet again.
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The AUD/USD currency pair rallied significantly on Wednesday as the CPI number came out much cooler than anticipated.
interest rates started to drop across the board, just exactly what the Japanese yen needs to see.
The Wall Street narrative on Wednesday suggests that even though inflation numbers are higher, it’s possible that the Federal Reserve may have to pivot.
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Gold markets were very noisy on Wednesday as the CPI number came out a bit cooler than anticipated.
The BTC/USD currency pair went back and forth on Wednesday as it looks like we are not quite ready to go anywhere.