The S&P 500 briefly rallied before pulling back on Wednesday as traders digested President Trump’s Davos speech, with key support holding at the 6800 level.
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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Silver prices pulled back from the $95 level on Wednesday as overbought conditions and market caution ahead of the BoJ decision sparked near-term selling pressure.
The USD/JPY pair remains volatile near 158 ahead of the Bank of Japan's rate decision, with interest rate differentials and bond market stress in focus.
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AUD/USD surged to its highest level since September after strong Australian jobs data fueled RBA rate hike bets, with bulls now targeting 0.6835.
BTC/USD rose above $90K after Trump suspended NATO tariffs and backed crypto legislation, though technicals warn of a possible pullback toward $85K.
The GBP/USD pair is poised for a bullish breakout above 1.3430 as strong UK inflation data and easing US-UK trade tensions fuel upside momentum.
The EUR/USD pair is consolidating near 1.1730 amid renewed U.S.–EU tariff tensions, with traders eyeing a break above 1.1800 or a drop toward 1.1650.
Gold prices have surged to record highs near $4,800 per ounce, driven by safe-haven demand amid U.S. - EU tensions over Greenland and weakening Dollar confidence.
The USD/SGD pair fell sharply to test recent lows near 1.28375 as global risk sentiment deteriorates, with Trump’s Davos speech in focus.
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The USD/BRL continues to trade within a tight range near 5.3750, but upcoming remarks from President Trump at Davos could spark short-term volatility.
The prospect of a renewed US/EU trade war over Greenland could produce wild moves in this currency pair
USD/JPY experienced major volatility on Tuesday amid rising Japanese bond yields, but strong carry trade dynamics continue to favor the US dollar.
The NASDAQ 100 bounced from key support at 25,000 on Tuesday as traders shifted focus from geopolitical noise to the upcoming earnings season.
Gold prices continue to climb on Tuesday as geopolitical tensions and US dollar weakness fuel bullish momentum, with $5,000 per ounce now in sight.
The Australian dollar is testing major resistance against the USD, fueled by stronger Chinese manufacturing data, RBA rate hike expectations, and rising commodity demand.