Until mid-Thursday of last week the GBP/USD traded in a rather consolidated manner, but the quiet speculative landscape disappeared and the currency pair began producing vicious moves.
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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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 15th, 2022 here.
The EUR/USD has finally broken above the 1.08 level during the trading session on Thursday, as the CPI number in the United States came out much as expected.
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The NZD/USD has been all over the place during the session on Thursday, as we continue to see a lot of noisy behavior.
The USD/CAD has fallen against the Canadian dollar during trading on Thursday after the CPI numbers came out at 6.5% year-over-year.
The GBP/USD rallied during the trading session on Thursday after the CPI numbers came out of the United States.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Thursday, touching the 50-Day EMA.
The S&P 500 had a wild day during trading on Thursday as the CPI numbers came out as anticipated.
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The gold markets rallied again during the day on Thursday, breaking above the $1900 level at one point.
The Dow Jones 30 has rallied during the trading session on Thursday, as we have seen industrials recover after the CPI numbers came out right in line with expectations.
The CAC 40 rallied again during the trading session on Thursday to peer the 7000 level.
The exchange rate of the TRY/USD recorded a decline during early trading this Thursday morning.
Spot natural gas prices (CFDS ON NATURAL GAS) advanced during their early trading on Thursday, to achieve slight daily gains until the moment of writing this report, by 0.54%.
The Dow Jones Industrial Average advanced its recent trading on intraday levels, to achieve gains for the second day in a row by 0.80%, to add about 268.91 new levels to the index.