Now it looks as if the market is still in its “wait-and-see” mode that it has been in for a while.
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 shot higher during the trading session on Friday to reach towards the 1.42 handle again.
The euro pulled back initially during the trading session on Friday as the world awaited the non-farm payroll announcement, and traders started to worry about the idea of the Federal Reserve stepping away from quantitative easing.
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The pair has been ranging for several days.
The AUD/USD pair was little changed in the Asian session as traders reflected on the mixed US jobs data and the relatively strong Australian data.
The EUR/USD pair was in a tight range during the Asian session as the market reflected on the latest US jobs data and the upcoming European Central Bank (ECB) decision.
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The S&P 500 has pulled back just a bit during the course of the trading session on Thursday again as traders freak out about the initial Jobless Claims
The US dollar has rallied a bit against the Canadian dollar during the trading session on Thursday as the Initial Jobless Claims came out much more bullish than anticipated for the US economy.
The FTSE 100 initially fell during the trading session on Thursday to reach down towards the 7000 level before finding quite a bit of buyers.
The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Thursday as we may have run out of steam heading towards the jobs figure on Friday.
The NASDAQ 100 has pulled back a bit during the course of the trading session on Thursday but as you can see, we have stopped at the 50 day EMA
The Euro fell apart during the trading session on Thursday as the Initial Jobless Claims came in under at 400,000 in America