Growth forecasts for the German economy have been revised lower, following a series of global GDP adjustments to the downside.
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
The US dollar has rallied a bit during the trading session on Thursday to reach towards the ¥107.50 level.
The British pound has rallied a bit during the trading session on Thursday but found quite a bit of resistance near the 50 day EMA as we ended up pulling back a bit.
Top Forex Brokers
The Euro fell a bit during the trading session on Thursday but found quite a bit of support near the 1.12 level yet again,
The US dollar initially pulled back a bit during the trading session on Thursday, reaching down towards the 50 day EMA.
The Australian dollar went back and forth during the trading session on Thursday as we continue to see a lot of noise in this general vicinity.
The S&P 500 broke down significantly during the trading session on Thursday, reaching down towards the crucial 3000 level during the Globex session.
The NASDAQ 100 initially fell during the trading session on Thursday during the Globex session but found plenty of support near the 9900 level to turn around and rally.
The silver markets have rallied a bit during the trading session on Thursday again, as we continue to see buyers every time this market dips.
Bonuses & Promotions
The West Texas Intermediate Crude Oil market initially fell during the trading session on Thursday, but then turned around to show signs of life again.
Gold markets went back and forth during the trading session on Thursday as we continue to see a lot of volatility.
Platinum extends its correction as the global economic outlook remains grim and is continuously revised to the downside.
While numerous African nations receive debt relief due to the devastating negative stress resulting from the global Covid-19 pandemic, South Africa is deemed to rich to qualify.
Despite heavy criticism, Mexican President López Obrador defends his decision to meet with US President Trump.
The Australian dollar has fallen hard during the trading session on Wednesday, as we continue to see a lot of noise in general.