The GBP/USD exchange rate was flat on Wednesday morning, a day after the US and UK published strong economic data.
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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Bitcoin’s deep slumber continued this week as the coin ignored important macro data from the US, UK, and China.
The AUD/USD sell-off gained steam this week after the relatively mixed economic numbers from the US, China, and Australia.
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Euro is showing some relative strength despite strong Dollar.
The USD/TRY stabilized, trading near its highest levels ever.
The USD/JPY was almost flat against other currencies in Asian trading after better-than-expected economic data.
Gold futures fell amid a rally in the US dollar and ahead of important economic data that could provide insights into how the US economy is performing.
The GBP/USD exchange rate has fallen sharply from its highs in early July, but now the risk is that any attempt at recovery is stalled on Wednesday by the ebbed wave of UK inflation, leaving Sterling unable to sustain any momentum.
At the beginning of this week's trading, the price of the EUR/USD completed its downward path with stronger losses, reaching the support level of 1.0874.
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Speculators of the USD/CAD need to brace for a volatile day ahead as inflation data from Canada, and U.S Retail Sales numbers are published in the same breath.
The USD/SGD has risen in value and is testing important mid-term highs as financial institutions deal with the fallout from lackluster economic data in China.
Beyond its numerical value, the significance of the ¥145 threshold reverberates with psychological weight, casting a broad influence over traders.
Monday's performance in the S&P 500 mirrored the ongoing market trend – not much movement.
Following a notable sell-off last Thursday, the natural gas market embarked on a journey of stabilization during Friday's trading session, a trend that extended into the subsequent Monday.
In the realm of precious metals, the recent trajectory of the gold market has captivated the attention of traders and investors alike.