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 Euro has rallied a bit during the trading session on Thursday in what would have been very thin trading during the Independence Day holiday in America.
The Australian dollar initially tried to rally during the quiet Thursday session as the Independence Day volume would have allowed the market to move around a bit more than necessary.
The NASDAQ 100 has rallied slightly in the futures market during the day on Thursday, in what would have been limited electronic trading.
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Bitcoin markets rallied again during the trading session on Thursday, which would have been very thin trading due to the Independence Day holiday in the United States.
Gold markets were very quiet during the trading session on Thursday as Americans celebrated the Independence Day holiday.
The WTI Crude Oil market did very little during the trading session on Thursday as you would expect, as it was the Independence Day holiday in the United States.
The S&P 500 of course was closed during the trading session on Thursday but the electronic E-mini contract has been trading.
The British pound initially tried to rally during the trading session on Thursday, but as it was Independence Day in the United States it was very unlikely to gain any serious traction in one direction or another.
The US dollar has gone back and forth during the trading session on Thursday in a very tight range, but that shouldn’t be much of a surprise as it has been Independence Day in the United States.
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On the daily chart, GBP / USD is still holding to lower performance as pressure on the pair increases.
European leaders agreed to nominate Lagard, director of the International Monetary Fund (IMF), for the post of governor of the European Central Bank, replacing Mario Draghi, whose term expires in October.
The performance of the yellow metal during the Tuesday session was a consolidation of the upward trend strength.
The JPY is still the main beneficiary of continued global trade and political tensions as one of the most important safe haven to hedge investors from the consequences of these tensions.