The GBP/USD exchange rate was significantly higher after a key US jobs report versus market expectations tempered expectations of a US rate hike by the Federal Reserve.
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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During Friday's trading session, silver price initially experienced a slight pullback but quickly turned around as the US jobs report revealed weaker-than-anticipated data.
During Friday's trading session, the AUD displayed a modest rally, coinciding with the release of the Non-Farm Payroll data, which fell slightly short of expectations.
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In the latest trading session, the euro exhibited a substantial rally, fueling speculations of a potential return to the 1.10 level.
During Friday's trading session, the British pound initially experienced a slight pullback against the Japanese yen, potentially indicating a profit-taking move.
During the recent trading session, the British pound demonstrated a significant rally, primarily driven by the release of the Non-Farm Payroll report, which turned out to be lighter than expected.
During Friday's trading session, the WTI and Brent crude oil markets experienced limited upward movement, as they remained broke the 50-Day EMA.
The natural gas market experienced limited movement during Friday's trading session, primarily testing the 50-Day Exponential Moving Average.
The S&P 500 experienced a slight retreat during Friday's trading session before displaying signs of recovery.
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Friday's release of the Non-Farm Payroll numbers revealed the addition of 209,000 jobs in the previous month, falling short of the expected 225,000.
During Friday's trading session, the US dollar experienced significant weakness, plunging below the crucial ¥142.50 level.
The Australian dollar jumped on Friday as the US dollar index slumped after the weak American jobs report.
On Thursday of last week the USD/ZAR seemed to be trading within a calm manner around the 18.78000 price with typical give and take Forex action for speculators to wager.
The USD/MXN is trading near a price around 17.12400 as of this writing.
Bitcoin remains near a crucial pivotal area.