Paulo Guedes, the Minister of the Economy of Brazil, reiterated views that the country will face one or two more challenging months due to the Covid-19 pandemic.
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
India remains under significant economic stress provided by the Covid-19 pandemic.
The Euro has rallied a bit during the trading session on Tuesday as we reached towards the 1.19 level yet again.
Top Forex Brokers
The Australian dollar has rallied during the trading session on Tuesday, breaking to a fresh high again, but gave back the gains towards the end of the session.
The NASDAQ 100 has gone back and forth during the trading session on Tuesday as we continue to see a lot of money being thrown into the marketplace overall.
The US dollar has fallen a bit during the trading session on Tuesday against the Japanese yen, as we continue to see a lot of noise.
The S&P 500 pulled back initially during the trading session on Tuesday but gained a bit more than some of the other bigger ones that I follow, most specifically the NASDAQ 100.
The British pound has rallied significantly during the training session on Tuesday, reaching towards the highs from last week, but failed to break above there.
Gold markets shot higher again during the trading session on Tuesday, gapping to the upside right away, pulling back to fill that gap, and then shooting straight up into the air again.
Bonuses & Promotions
The West Texas Intermediate Crude Oil market rose during the trading session on Tuesday but gave back quite a bit of the gains to turnaround and form a bit of a shooting star.
The silver market gapped higher to kick off the trading session on Tuesday then pulled back a bit to fill the gap and go below there.
The US dollar has dropped a bit against the Mexican peso during the trading session on Tuesday as we continue to bounce around in the same rectangle.
The positive results of the economic releases received from the Eurozone continue to stimulate the EUR/USD price to hold onto its gains around and above the 1.1800 resistance, which supports stronger control of the bulls and paves the way for a test of the 1.2000 psychological resistance.
For the first time in the history of gold prices, it has reached $2000.
GBP/USD bearish correction attempts succeeded for a short time in breaching the 1.3000 support down to the 1.2980 level.