Lesetja Kganyago, the Governor of the South African Reserve Bank (SARB), reiterated the central bank would avoid monetary policies that failed throughout history.
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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Bitcoin: Greatly benefiting from decline of the US dollar
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USD/JPY: Will the pair return to the 104.00 support again?
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GBP/USD: The 1.3200 peak chance.
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EUR/USD: The future of the 1.2000 top
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The US dollar initially tried to rally on Tuesday but gave back quite a bit of the gains to show signs of exhaustion.
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The British pound pulled back a bit during the trading session on Tuesday, reaching down towards the crucial 1.30 level.
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The NASDAQ 100 has done very little during the trading session on Tuesday, as we have cleared the 11,000 level.
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The Euro initially tried to rally during the trading session on Tuesday but found the 1.19 level to be a bit too much to overcome.
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The S&P 500 has pulled back a bit during the trading session on Tuesday but found buyers yet again as we dipped.
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The Australian dollar has rallied a bit during the trading session on Tuesday as we continue to grind higher.
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The silver market has shot straight up in the air during the trading session on Tuesday as we continue to see bullish pressure in the precious metals sector.
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The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Tuesday before turning around to show signs of strength.
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The bitcoin market has fallen a bit during the trading session on Tuesday, perhaps taking a bit of a breather after the volatile action that we have seen over the last week or so.
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