Gold futures rose after the annual inflation rate in the United States continued to decline, which made financial markets expect the Federal Reserve to leave US interest rates unchanged on Wednesday.
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 British pound rose in the post-UK jobs report against the euro and the dollar, but gains may be limited as investor concerns grow.
Investors strongly abandoned the Japanese yen again, which allowed the bulls to push the USD/JPY currency pair to move towards the 140.30 resistance level.
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The Turkish lira traded stable against the US dollar for the second day in a row, after a series of declines that lasted for more than a month amid a wave of lack of optimism.
The incremental progression lower in the USD/BRL has been significant and the currency pair is also correlating to the broad Forex market.
The past week of trading has seen the NZD/USD mount an incremental move upward.
The USD/JPY encountered a minor retreat in Tuesday's trading session, although it remained well-supported.
The GBP/USD displayed a strong rally during Tuesday's trading session, breaking above the 1.2550 level.
The S&P 500 exhibited a significant rally during Wednesday's trading session, driven by a prevalent fear of missing out (FOMO) among traders.
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Silver experienced a back-and-forth trading session on Tuesday, reflecting the overall volatility in the markets.
The NASDAQ 100 rallied a bit during the trading session again during the trading session on Tuesday, as we continue to see upward pressure.
The EUR/USD experienced a slight rally during Tuesday's trading session, reaching the 50-Day Exponential Moving Average.
Both WTI Crude Oil and Brent exhibit signs of recovery, with potential rallies towards key resistance levels.
During Tuesday's trading session, the British pound demonstrated a significant rally, breaking above the key level of ¥175 once again.
The AUD/USD currency pair has broken above the 200-Day EMA during the trading session on Tuesday, as we have cleared a major technical indicator.