The S&P 500 initially gapped lower to kick off the week, as we have seen a lot of concern when it comes to global trade after Donald Trump added more tariffs on the Chinese.
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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 West Texas Intermediate Crude Oil market initially gapped lower in reaction to the total “risk off” type of situation that we found ourselves in in early Asian trading.
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The NASDAQ 100 initially gapped lower to kick off the week as we had a bit of a “risk off” type of situation.
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Natural gas markets have rallied significantly during the trading session on Monday as traders returned from the weekend.
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USDCHF Analysis: Consolidating between 0.9774 and 0.9818
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In the latest USD/JPY technical analysis, we noted that the failure of the pair to penetrate above 106.70 formed a consolidation area foreshadowing the next strong move.
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It was natural that the gold price was strongly bullish in early trading today after the dramatic events at the end of last week's trading.
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The recent gains of the GBP/USD pair, which hit three-week highs at 1.2293, will not last, as the Brexit future grows darker, and expectations grow that Britain will leave the EU without agreement.
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The EUR/USD attempts for bullish correction did not exceed the 1.1163 resistance level hit early Monday.
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USDJPY: Strong recovery from near-historic low prices
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