OPEC is getting ready to announce a 2 million barrel per day production cut, which would obviously bring down supply, and therefore should boost pricing.
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
So, let me ask you if you’ve heard this before: the Fed is getting ready to pivot?
The S&P 500 has rallied significantly during the trading session on Tuesday as we continue to see a bit of recovery.
Top Regulated Brokers
Inflation has risen by 186.27%. Other data showing the country's trade deficit jumping 298% year-on-year in September also contributed to the pressure on the local currency.
Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline in recent trading at intraday levels, to record daily losses until the moment of writing this report.
The Dow Jones Industrial Average rose in its recent trading at intraday levels, achieving its largest daily rise in more than three months.
The EUR/USD exchange rate has not had much cause for cheer lately, but there is a possibility that it will benefit significantly in the coming weeks
The GBP/USD exchange rate has been on a fast track lately, but may find itself better supported if there is a determined attempt by the People's Bank of China (PBoC) to stabilize the renminbi rate
At the beginning of this week's trading the Japanese yen slipped again to break the 145-high threshold against the dollar
Bonuses & Promotions
We had a positive start for the XAU/USD gold price for this week's trading.
The USD/ZAR has fallen a bit during the trading session on Monday, as we have seen the US dollar fall against almost everything.
The USD/JPY has rallied again in the early hours on Monday to show signs of life against the Japanese yen.
The S&P 500 E-mini contract has rallied significantly during the trading session on Monday to show signs of life.
The NASDAQ 100 initially started to look like it was going to break down significantly last week, but Monday was a nice bounce.
The GBP/USD has rallied again during the trading session on Monday as we initially pulled back, but then found plenty of upward momentum.