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.
The growing consensus that the Fed is done with rate hikes due to US economic data beginning to show a more convincing economic cooling has been called into question, with analysts concerned the US economy is still hot, which would be evidenced by a firm increase in short-term inflation in data to be released this week.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The S&P 500 didn't do so great in futures trading, and it seems like there's a lot of "risk behavior" happening in the market.
The silver market had a bit of a drop on Thursday, and it seems like we're trying to figure out where things are going.
Natural gas markets seemed to steady a bit on Thursday's trading session, and now it's like we're trying to figure out what's next.
The gold market had a bit of a boost on Thursday, and it looks like things are still pretty unpredictable.
The EUR/USD seemed a bit weak on Thursday in the trading world.
During Thursday's trading session, the US dollar witnessed a modest dip, initially attempting a rally before relinquishing its gains.
The GBP/JPY faced substantial selling pressure during Thursday's trading session, adding to the cacophony of recent market noise.
The world of crude oil trading witnessed a relatively calm Thursday session, with signs pointing to a looming shift in market dynamics.
The GBP/USD experienced some early-hour declines on Thursday, but it appears determined to cling to its overarching upward trajectory.
The AUD/USD has had its fair share of ups and downs in recent trading sessions, leaving many investors scratching their heads.
During this trading week the bears' control over the direction of the EUR/USD currency pair increased with losses reaching the 1.0702 support level.
The continuation of the gains of the American dollar brought more losses to the gold price XAU/USD reaching the support level of $1915 per ounce.
During trades this week the selling of the Japanese yen continued as the rising US dollar index (DXY) gained strength.
