WTI Crude Oil finished last week’s trading within sight of its weekly high, and as full trading volumes gets set to return in the coming days traders face an intriguing market.
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 first week of 2024 saw a strong market reversal in favor of risk-off assets such as the US Dollar, while stock markets fell quite sharply for most of the week.
The crude oil market made an initial attempt to rally during Thursday's trading session but encountered resistance.
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The Nasdaq 100 dropped a bit early on Thursday as we continue to see a bit of profit taking overall.
Silver exhibited minimal activity during the early hours of Thursday, reflecting a market grappling with uncertainty about its next move.
The S&P 500 exhibited limited activity during Thursday's trading session, maintaining a position near the 4,700 level.
The Australian dollar made an initial attempt to rally during Thursday's trading session but retraced its gains as the US dollar maintained its strength.
In the recent trading session on Thursday, Bitcoin exhibited a rather stagnant performance, with minimal activity.
The Euro displayed a slight uptick during Thursday's trading session, breaking above the 1.0950 level earlier in the day.
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The gold market appeared relatively subdued during the early hours of Thursday, reflecting uncertainty about the level of support available to sustain its stability.
The natural gas markets witnessed a rapid surge during Thursday's trading session as traders braced themselves for an impending winter storm in the northeastern United States.
The USD/JPY demonstrated notable strength during Thursday's trading session, marking a decisive move above the critical 200-day Exponential Moving Average.
The rise in the US dollar since the start of trading in 2024 helped to push gold prices down by more than 1% yesterday.
For three consecutive trading sessions, the price of the euro against the US dollar “EUR/USD” has been exposed to profit-taking selling operations, the possibility of which has often been noted.
The US Central Bank's hints that it is ready to keep US interest rates high helped the price of the US dollar to reap more of its gains against the rest of the other major currencies.