A series of new economic data confirms the UK has most probably embarked on a slow path to recovery from the April lows.
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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New Zealand was once home to one of the highest yielding currencies and a favorite for investors seeking stable income.
The Euro has hit the stratosphere during trading on Thursday and quite frankly there really is not much showing on the chart that suggests it is ready to give up the massive rally that we have seen.
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The British pound was all over the place during the trading session on Thursday, as we continue to tussle with the idea of the 200 day EMA.
The US dollar has rallied a bit against the Japanese yen during the trading session on Thursday, breaking above the ¥109 level.
The Australian dollar has gone back and forth during the trading session again on Thursday, as the market awaits the jobs figure for Friday.
The S&P 500 has initially pulled back during the trading session on Thursday, but at the end of the bell we saw the Plunge Protection Team come out and push the markets back to the upside.
The NASDAQ 100 initially rally during the trading session on Thursday, as we have seen a lot of volatility and pushing to the upside.
Bitcoin markets have rallied a bit during the trading session on Thursday, reaching towards the $10,000 level above.
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The silver markets initially fell during the trading session on Thursday but found buyers underneath the turn things around.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Thursday as we continue to see a major “risk on rally” in everything.
Gold markets have rallied a bit during the trading session again on Thursday, as we continue to see a lot of concern around the world.
The eyes of currency traders today are heading towards the European Central Bank and its monetary policy decisions under the leadership of Lagarde
Despite recent GBP/USD bullish correction attempts the pair, these gains are very cautious, in anticipation of the future of the fateful negotiations between the two sides of Brexit.
For the third consecutive day, gold prices are subjected to a downward correction due profit taking sales