The crude oil market witnessed a notable rally during Wednesday's trading session, as upward pressure continued to dominate the commodity's landscape.
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 American inflation figures were in favor of the dollar's gains and the Bank of Japan's accommodative policy continued.
The selling pressure on gold increased in light of the continuation of the positive momentum of the US dollar from the announcement of the US inflation reading being stronger than expected.
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Sterling came under pressure in mid-week trading after data showed an unexpectedly sharp drop in British economic growth in July.
During yesterday's trading, the struggling euro regained its strength to record a positive daily close against both the dollar and the pound.
The GBP/JPY initially faced a minor setback against the Japanese yen during Wednesday's trading session but quickly regained its footing, continuing the ongoing recovery.
The USD/JPY is near important long-term resistance as global financial markets continue to demonstrate a rather high degree of short-term nervousness.
BTC/USD is continuing to trade within the upper realms of its near-term range technically, speculations with a taste for adventure may find charts inviting.
The USD/JPY has been on an impressive ascent, signaling a clear path for further gains in the currency market.
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The AUD/USD had a turbulent ride during Wednesday's trading session, with the currency oscillating around the 0.64 level.
Natural gas markets displayed remarkable strength during Tuesday's trading session, setting the stage for potential further gains in the coming days.
The gold market experienced some initial dips during Wednesday's trading session, finding itself trapped between the 200-Day Exponential Moving Average below and the 50-Day EMA above.
The GBP/USD experienced a slight dip during Wednesday's trading session, reflecting the ongoing turbulence in the market.
The GBP/USD was flat on Thursday after the relatively weak UK GDP data and strong US consumer inflation numbers.
The EUR/USD exchange rate was in a tight range as investors reflected on August’s inflation data.