Gold was quiet during the Friday session as traders were away for the Independence Day holiday in the United States and therefore was essentially a Globex session only.
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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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During last week's trading, the GBP/USD pair managed to take advantage of the decline in the USD and rebounded higher with gains reaching the 1.2529 resistance.
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The S&P 500 did little during the trading session on Friday, which makes quite a bit of sense considering that the Independence Day holiday was observed during the session.
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For several consecutive trading sessions, the EUR/USD pair moved in a limited range, technically waiting for a price explosion in one of the two directions,
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The positive US job numbers were stronger than expected, and it was a catalyst for the markets to give up, even temporarily, of safe havens.
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The music stays the same from Argentina.
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Instability was the characteristic of the USD/JPY performance during last week's trading, where the pair tried to correct upward, but gains did not exceed the 108.16 resistance
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The Brazilian Real has produced better values the past few trading sessions as it has experienced a wave of selling via the USD/BRL currency pair.
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Pakistan is on track to enter the Top 10 list of most infected Covid-19 countries, presently trailing former epicenter Italy and Iran.
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Risk appetite is on the increase among global investors and the USD/MXN currency pair has seen a surge of selling.
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AUD/USD: Struggling to get established above 0.7000
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Indonesian President Joko Widodo pushes ahead with plans to build a new national capital on Borneo, at an estimated cost of Rp450 trillion, confirmed by Planning Minister Suharso Monoarfa.
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Singapore recorded 880 visitors in May amid tight border controls and the absence of a cure for the global Covid-19 pandemic.
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South Africa continues to struggle with the Covid-19 pandemic and is on course to exceed 200,000 infections as soon as today, surpassing Germany and Turkey.
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