The BTC/USD market has pulled back just a bit during the trading session on Monday, as we are starting to see more of a hesitant market for Bitcoin, and therefore we could see this market drop down rather drastically.
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/MXN is trading near the 18.74000 level as of this writing.
The Dow Jones Industrial Average fell in its recent trading on intraday levels, breaking a series of gains that lasted for six consecutive sessions, recording losses in its last sessions by -0.77%.
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Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Tuesday, achieving slight daily gains until the moment of writing this report, by 0.57%.
The NZD/USD has moved to short-term lows as cautious trading has started to affect behavioral sentiment while financial houses brace for risk-coming events.
Fear and Loathing of Eskom Hurts South African Rand
A stronger US Dollar has sent the price on a short-term downwards trend.
The EUR/USD price pulled back slightly after the relatively weak German economic data.
The BTC/USD pair pulled back slightly as bond yields and the US dollar index (DXY) rose while American stocks pulled back.
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The AUD/USD pulled back on Tuesday morning ahead of a busy market as key central banks are set to publish their first decisions of the year.
The Japanese yen outperformed before last weekend and continued to build a growing fan club of bullish followers in recent trading.
At the end of last week's trading, gold futures were stable, with the pressure of the US dollar on the price of the precious metal.
GBP/USD tried to rally after the US Federal Reserve eased its preferred inflation gauge again, but sterling found plenty of willing sellers as the market continued to favor the US currency ahead of this week's interest rate decisions.
An important and fateful trading week awaits the exchange rate of the euro currency pair against the US dollar EUR/USD where both the European Central Bank and the US Federal Reserve Bank will announce their monetary policy decisions ending with the announcement of the US jobs numbers.
Spot natural gas prices (CFDS ON NATURAL GAS) fell during their early trading on Monday.