The pound is making strong efforts to avoid moving below the $1.30 support so that recent hopes of a real reversal of the GBP/USD does not evaporate during yesterday's session.
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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Choppy trading has been a hallmark of the USD/MXN the past month of trading as speculators have had to deal with consistent tests of support and resistance levels.
Technical traders who were able to shut out the noise and only focus on the USD/ZAR charts may have found profitable trading opportunities the past couple of days.
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The USD/MYR has produced a satisfying bearish trend for patient speculators.
The USD/INR continues to trade within a fairly tight range, but it has not been without drama as the important threshold of 74.9000 was tested and broken slightly higher yesterday.
Singapore recorded its worst quarterly GDP contraction in the second quarter, down 13.2%, amid the fallout of the global Covid-19 pandemic.
While the global Covid-19 pandemic dominates the headlines, rating agencies diverge on the outlook for Pakistan.
The British pound fell a bit during the trading session on Wednesday, reaching down towards the 1.30 level before bouncing a bit.
Silver markets were all over the place during the trading session on Wednesday after we had a horrific Tuesday session.
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The Australian dollar initially pulled back a bit during the trading session on Wednesday but found enough support near the 0.71 level to turn around and rally quite nicely.
UK employment data is the first of two major economic releases due this week, and interest is likely to wane when the GDP statistics are released today.
Restrictions implemented to slow the spread of the Covid-19 pandemic continue to be eased, as Canada has a relatively low daily infection count.
While the global economy remains under growing stress from the Covid-19 pandemic, South Africa is set to benefit from the massive stimulus packages implemented by developed countries.
A recent survey of 4,500 Swiss firms by the KOF Institute found 86% of respondents confident about their prospects despite the Covid-19 pandemic.
Manmohan Singh, the former Prime Minister of India, and current leader of the opposition, in an interview with the BBC, outlined three essential steps the government should take to ensure an economic recovery.