Following the release of the anticipated PCE numbers, the S&P 500 index has maintained a modest yet discernible upward momentum.
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 EUR/USD has recently undergone a retracement, stepping back from its position adjacent to the 50-Day Exponential Moving Average, and this shift has brought forth signs of hesitation.
During the trading session on Thursday, the British pound exhibited a modest pullback, encountering a notable point of resistance at the 50-Day Exponential Moving Average (EMA).
Top Regulated Brokers
The AUD/USD commenced Thursday's trading session with an attempt at rallying.
Silver encountered a substantial downturn during Thursday's trading session, slipping below the pivotal $25 threshold.
The natural gas market exhibited a minor rally at the commencement of Thursday's trading session, promptly followed by a swift retraction.
During the Thursday trading session, gold exhibited a lackluster performance, prompting market participants to ponder the effectiveness of inflation management.
For West Texas Intermediate (WTI) Crude Oil, Thursday's trading demonstrated a robust yet steady climb, even amidst clear market fluctuations.
The GBP/JPY retreated marginally in Thursday's trading session, signaling slight hesitancy.
Bonuses & Promotions
The month of September will be very much the same game that we have been seeing for the last several months preceding it
The NASDAQ 100 is an indicator of risk appetite that a lot of people will be following closely for September.
The S&P 500 has had a very noisy month for August, but at the end of the day, this is a market that is still in an uptrend.
The negativity of the results of the latest American economic data brought some losses to the US dollar, which allowed the EUR/USD currency pair to rebound higher.
The recent pressures on the US dollar helped the price of gold XAU/USD in the upward rebound with gains passing the resistance level of $1949 per ounce.
For four trading sessions in a row, the price of the GBP/USD currency pair moves in an upward rebound path with gains extending to the 1.2746 resistance level.