At the beginning of trading in the new month of October 2023, gold futures contracts declined, driven by the rise in the US dollar and the increase in Treasury bond yields.
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 gold market faced another downturn during Monday's trading session, as it grapples with challenges arising from the strong US dollar and rising interest rates.
Fresh long-term highs have been made in the USD/CAD in early trading this morning, as the currency pair mirrors widespread Forex sentiment while the USD continues to create volatility.
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After creating one of the better bearish trends seen last year, the USD/SGD has continued its mid-term climb upwards and hit another high.
In Monday's trading session, the US dollar continued its upward trajectory against the Japanese yen.
Crude oil markets encountered some uncertainty during Monday's trading session as they attempted to rise but eventually showed signs of hesitation.
The GBP/USD started the week with a gap lower during the Monday trading session, but it later exhibited signs of resilience.
The GBP/JPY encountered a turbulent start to the week as it attempted an initial rally on Monday but quickly relinquished its gains, showcasing the prevailing erratic behavior surrounding the currency.
The AUD/USD experienced a tumultuous day on Monday as it attempted to rise but eventually plummeted in value.
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The BTC/USD pair surged to a high of 28,617 on Monday, the highest level since August 17th.
The AUD/USD exchange rate continued falling as traders reacted to the strong US dollar and the first interest rate decision by Michele Bullock.
The GBP/USD strong downward trend gained steam as the US bond sell-off intensified and as the Tory party conference continued.
The EUR/USD exchange rate continued its downward trend as US bond yields jumped to the highest point in more than 16 years.
Last week's trading was the most important for the bears' greater control over the direction of the currency pair EUR/USD.
According to recent trading, the exchange rate of the pound sterling against the dollar (GBPUSD) could be on its way to stopping a series of weekly losses