The USD/PKR has proved once again that trading the forex pair can be a dangerous affair when you are on the wrong side.
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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Despite Mexico approaching 600,000 Covid-19 infections and having the fourth-highest death toll, President López Obrador claims his country weathered the pandemic better than most countries.
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Amid the global Covid-19 pandemic, where many countries prepare for a second infection wave, the Singapore business community is alarmed by the growing protectionist moves by the government.
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The Euro initially shot higher during the trading session on Tuesday, reaching towards the 1.20 level.
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This currency pair has gone back and forth during the trading session on Tuesday, as we have seen a lot of moves in the FX markets that probably took a lot of people by surprise.
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The S&P 500 went back and forth during the trading session on Tuesday, in what has been a very volatile day.
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The Australian dollar initially shot higher during the trading session on Tuesday but has pulled back to form a rather ugly shooting star.
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The NASDAQ 100 has rallied rather significantly during the trading session on Tuesday, slicing through the top of the Monday candlestick and perhaps even more importantly the top of an uptrend and channel that has been crucial for quite some time.
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British pound traders initially bought during the trading session on Tuesday but gave back the gains as we try to reach towards the crucial 1.35 handle.
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The gold markets initially tried to rally during the trading session on Tuesday but found the $2000 level to be a bit too resistive to continue and break out.
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Silver markets initially tried to rally during the trading session, breaking above the $29 level but cratered later in the day as the US dollar picked up strength.
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The crude oil markets were slightly bullish during most of the trading session on Tuesday in both Asia and Europe but have turned around to show signs of negativity once the open pit session started.
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The US dollar has fallen most of the session on Tuesday, but as we have seen across the Forex world, the US dollar gained a little bit of strength later in the day, especially during the New York session.
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The EUR/USD pair succeeded in achieving a quick compensation for last week's losses.
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The US dollar index, DXY, collapsed to the 91.99 support.
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