Gold futures cleared the $1,800 psychological resistance as a weak US dollar and a shock from the Bank of Japan (BoJ) supported the metals market.
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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Amidst continuous downward momentum, the price of the GBP/USD pair has moved since the start of trading this week, with losses, towards the 1.2085 support level. This happened before settling around the level of 1.2165.
Since the start of trading this week, the price of the EUR/USD currency pair has been moving in a narrow range between the 1.0575 support level and the 1.0660 resistance level.
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Spot natural gas prices (CFDS ON NATURAL GAS) advanced during their early trading on Wednesday, achieving daily gains up to the moment of writing this report by 3.75%.
The Dow Jones Industrial Average advanced during its recent trading on the intraday levels, breaking a series of losses that lasted for four consecutive sessions, achieving gains of 0.28%.
The TRY/USD traded without major changes in the absence of influential economic data in light of the approaching year-end holidays and the decline in trading momentum.
The GBP/USD exchange rate pulled back to the lowest level since December 7 after the latest American building permits and housing starts numbers.
The BTC/USD price tilted upwards in the overnight session as an uneasy calm resumed in the market.
The AUD/USD price pulled back slightly on Wednesday morning as the market reacted to the latest RBA minutes
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The USD/MXN is trading near the 19.78000 level as of this writing.
The price of Silver as of this writing is nearly 23.900 USD with the commodity having come off early morning values which touched 24.300.
The West Texas Intermediate Crude Oil market has rallied slightly during the trading session on Tuesday, to gain 47 basis points.
The USD/CAD initially tried to break out to the upside during the trading session on Tuesday but gave up gain again near the 1.37 level.
The NZD/USD has fallen again during the trading session on Tuesday, as it looks like the 0.65 level above has offered a significant resistance barrier.
The USD/INR has gone back and forth during the last couple of trading sessions, and the Tuesday session was no different.