Gold markets broke down significantly during the trading session on Friday as the job number came out much better than anticipated.
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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The US dollar has rallied significantly during the trading session on Friday, as it is a continuation towards the ¥110 level, which is a large, round, psychologically significant figure.
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Volatility in the USD/CNH is poised to remain elevated. Early indications point towards China backing away from portions of the phase-one trade truce
Today’s US NFP report is expected to result in a volatility spike and an increase in trading volume.
A series of new economic data confirms the UK has most probably embarked on a slow path to recovery from the April lows.
New Zealand was once home to one of the highest yielding currencies and a favorite for investors seeking stable income.
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The Euro has hit the stratosphere during trading on Thursday and quite frankly there really is not much showing on the chart that suggests it is ready to give up the massive rally that we have seen.
The British pound was all over the place during the trading session on Thursday, as we continue to tussle with the idea of the 200 day EMA.
The US dollar has rallied a bit against the Japanese yen during the trading session on Thursday, breaking above the ¥109 level.
The Australian dollar has gone back and forth during the trading session again on Thursday, as the market awaits the jobs figure for Friday.
The S&P 500 has initially pulled back during the trading session on Thursday, but at the end of the bell we saw the Plunge Protection Team come out and push the markets back to the upside.
The NASDAQ 100 initially rally during the trading session on Thursday, as we have seen a lot of volatility and pushing to the upside.