Pakistan is under increasing pressures from the Covid-19 economic fallout.
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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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Singapore will hold elections this Friday, where incumbent Prime Minister Lee Hsien Loong will face off against challenger Pritam Singh, where his re-election is widely anticipated.
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South African Health Minister Zweli Mkhize warned that Covid-19 infections would continue to rise, as the nationwide economic lockdown is unsustainable and economic activities must resume.
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GBP/USD: Significant new higher support at 1.2531
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Sweden is known for economic experiments but usually ranks in the Top 5 on a series of essential developments.
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EUR/USD: Moving down from long-term resistance at 1.1354
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The West Texas Intermediate Crude Oil market has initially fallen during the trading session but bounced on Tuesday to show that we continue to see the $40 level as somewhat important.
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Gold markets have rallied during the trading session on Tuesday again, breaking out to a fresh, new high.
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The US dollar has pulled back slightly to kick off the trading session on Tuesday against the Brazilian Real but has turned around at the 50 day EMA yet again to show signs of life.
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Silver markets have initially pulled back during the trading session on Tuesday but found plenty of buyers underneath the turnaround and shows signs of life.
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The South African Rand has gained value since the start of July, but before you join a parade it should be noted the range of the USD/ZAR has remained very steady.
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After battling higher resistance the past week of trading, the USD/PKR has produced a rather weak reversal in early trading today showing the forex pair remains a speculative bet.
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For several trading sessions in a row, the USD/JPY has been moving in a limited range amid a downward trend but remains stable below the 108.00 support.
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The US currency weakens temporarily, while the GBP/USD attempts upward correction, at a time when there still needs to be a positive development at the Brexit front, which has been the most influential factor on the Sterling in years.
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A positive start to the EUR/USD price performance this week, as it moved towards the 1.1345 resistance, highest level in two weeks,
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