Natural gas markets displayed a modest rally during Wednesday's trading session, heading toward the pivotal 50-Day Exponential Moving Average.
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 USD/JPY showed a slight retreat during Wednesday's trading session as market participants await the Federal Reserve statement.
The GBP/USD experienced a minor rally during Tuesday's trading session in anticipation of the Federal Reserve announcement.
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The GBP/USD pair jumped to the highest level in 2023 after the Federal Reserve decision.
The EUR/USD pair wavered in the overnight session after the Federal Reserve delivered its June interest rate decision.
The AUD/USD exchange rate pulled back on Thursday morning as the market reflected on the Fed decision, weak Chinese economic data, and the latest Australian jobs numbers.
My previous USD/JPY signal on 4th May produced a profitable short trade from the bearish rejection of the resistance level at ¥134.83.
The EUR/USD exchange rate rose briefly to its highest levels in June after official data indicated that US inflation was approaching its target and seemed to reduce pressure on the Federal Reserve
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.
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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.
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.