The FTSE 100 has had a strong run over the last couple of days, as we are now threatening the 7200 level.
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 NASDAQ 100 has rallied a bit during the course of the trading session on Thursday as the uptrend line continues to offer significant support.
The Aussie dollar has followed the same back-and-forth pattern that we have seen over the last couple of weeks.
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The gold markets have been very choppy during the trading session on Thursday as we continue to see a bit of hesitation just below the previous support level.
The Bitcoin market has pulled back a bit during the trading session on Thursday as we may have gotten a bit ahead of ourselves.
The Euro has gone back and forth during the course of the trading session on Thursday as we continue to dance around the 1.17 level underneath.
The British pound continues to struggle; the 50 day EMA offered quite a bit of selling pressure over the last three or four days.
After reaching a high of nearly 5.3000 on the 9th of August, selling momentum has brought the USD/BRL near important short-term support.
The USD/MXN is again traversing near the important juncture of 19.90000, but this has occurred as its price band has proven volatile.
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US inflation figures coming in as expected halted the sharp gains that the US dollar has enjoyed since the announcement of strong US jobs numbers for July.
The US dollar fell after the release of US inflation data that indicated that inflationary pressure may be temporary, thus easing pressure on the Federal Reserve to tighten monetary policy.
Today is an important one for GBP pairs, with British GDP figures expected to be released later on.
US inflation figures came in as expected, causing the major currencies to achieve some gains against the US dollar.
The USD/INR has come off short-term highs while reacting with selling later yesterday, and has maintained it lower values early today.
The USD/SGD continues to test its higher range, but resistance levels do look rather promising ahead as durable spots for speculative shorts.