Australian inflation data for the first quarter showed an increase while the Reserve Bank of Australia (RBA) slashed interest rates to an all-time low of 0.25% in response to the global Covid-19 pandemic.
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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At the beginning of this week's trading, the Japanese Central Bank cut short the time and quickly announced its monetary policy.
The risk appetite amid the trend of global economies to abandon the policy of economic closure has contributed to the decline in gold prices to the $1710 support, after gains reaching the $1738 resistance during last week's trading, near its highest level in eight years.
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Financial markets welcomed the return of British Prime Minister Boris Johnson to his office after a period of treatment for symptoms of the Coronavirus.
At the beginning of this week's trading, the EUR/USD pair got some support to move up.
New higher support level at 0.6436.
The US dollar fell during the trading session on Monday to reach down towards the ¥107 level but found buyers to save it yet again.
The S&P 500 pulled back slightly during the trading session on Monday and then shooting higher.
The Euro rallied a bit during the trading session on Monday but then turned right back around to form a bit of a shooting star against the greenback.
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The British pound has rallied a bit during the trading session on Monday to kick off the week, but we continue to see sellers in the same region, essentially the 1.25 handle.
The NASDAQ 100 initially tried to rally during the trading session on Monday, and did in fact to a point, but has pulled back to show signs of exhaustion towards the end of the day.
The Australian dollar has broken out during the trading session on Monday, as we have cleared the 0.6450 level.
The WTI Crude Oil market broke down a bit during the trading session on Monday, losing quite a bit of the gains from last week.
Silver markets have done extraordinarily little over the last several trading sessions, as the market dances around the $15.20 level.