Singapore industrial production posted a surprise 7.4% drop in May year-over-year despite an ongoing increase in pharmaceutical output.
Technical Analysis
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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Brazilian Treasury Secretary Mansueto Almeida updated the 2020 public sector primary deficit outlook to reflect an increase of up to R$800 billion,
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The British pound has rallied a bit during the trading session on Thursday but found quite a bit of resistance near the 50 day EMA as we ended up pulling back a bit.
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The US dollar initially pulled back a bit during the trading session on Thursday, reaching down towards the 50 day EMA.
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The Australian dollar went back and forth during the trading session on Thursday as we continue to see a lot of noise in this general vicinity.
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The silver markets have rallied a bit during the trading session on Thursday again, as we continue to see buyers every time this market dips.
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Platinum extends its correction as the global economic outlook remains grim and is continuously revised to the downside.
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While numerous African nations receive debt relief due to the devastating negative stress resulting from the global Covid-19 pandemic, South Africa is deemed to rich to qualify.
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Despite heavy criticism, Mexican President López Obrador defends his decision to meet with US President Trump.
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The Australian dollar has fallen hard during the trading session on Wednesday, as we continue to see a lot of noise in general.
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The British pound initially tried to rally during the trading session on Wednesday but fell hard during the trading session as traders started focusing on things like coronavirus numbers
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The Indonesian Rupiah finds itself near important resistance levels short term, but the two last weeks of trading have produced a rather tight range.
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The past five days of trading have continued to see the USD/INR be sold by speculators as they take advantage of the Indian Rupee’s stronger trend.
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Resistance levels have become vulnerable as the USD/BRL has found a wave of buyers in the short term.
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While the UK economy is predicted to contract by 10.2% in 2020, matching the Eurozone, it is above forecasts for France, Italy, and Spain, and expected to drop by 12.5%, 12.8%, and 12.8%, respectively.
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