Monday saw the USD/CAD pair drop off the start but has also seen a bit of a recovery after that. This is a market that continues to be very noisy.
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.
Most Recent
The DAX has been hammered early on Monday, but then turned around to at least show some fight, as we are treading water in an area of importance.
The euro gapped lower immediately on Monday, as traders reacted to the lack of a peace agreement between Iran and the US. However, we have since seen a strong bounce.
Top Regulated Brokers
The US dollar has been very noisy on Monday, as traders attempt to adapt to a world where there is a ceasefire, but no real sign of the war ending. Interest rate differential continues to favor Mexico.
To say that the price action in natural gas is poor would be a massive understatement.
The USD/MXN is around 17.38000 as of this morning. The currency pair went into the weekend around 17.28300 and the jump higher this morning can be thought about with different perspectives.
Bitcoin was positive during Friday, defying the risk appetite concerns of the broader markets. With this, I continue to think we eventually break out.
Friday has seen the US dollar bounce a bit against the Loonie, but with the weekend talks in Pakistan – the world simply waits.
The German index finds itself collecting some of the earlier gains as this weekend will be crucial for risk appetite.
Bonuses & Promotions
The Euro has shown some strength early on Friday, but the weekend will bring the results of a meeting between Iranians and Americans that could throw the markets into disarray on Monday.
The US dollar continues to see momentum to the upside against the yen on Friday.
The weekend will be about the Islamabad meetings between the Iranian and American officials. If we get good news, it should help gold overall as rates should fall.
The silver market has been a bit positive on Friday, as traders are waiting to see how the weekend plays out with the peace talks between the Iranians and Americans.
The interest rates in the United States will continue to be a massive driver of where we are going next.
If we get an agreement gets done this weekend in Islamabad, the markets will celebrate.