Natural gas markets initially tried to rally during the opening of Monday trading, but the $2.20 level has offered enough resistance to turn things around.
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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Gold markets initially gapped higher to kick off the trading session on Monday in reaction to the entire mass that is now the Middle East.
Bitcoin markets rallied a bit during the trading session on Monday as people came back to work, breaking above the 7500 level.
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Brexit will be on traders’ minds with the return of the UK Parliament from its winter recess.
During the immediate aftermath of the rise in Middle East tensions, safe-have assets like the Swiss Franc were in demand.
The US dollar has broken down significantly during the trading session on Friday, as the United States killed a major general in the Iranian Army.
The NASDAQ 100 has broken down a bit during the trading session on Friday as traders around the world collectively freaked after the Americans killed an Iranian general.
The S&P 500 broke down significantly during the Friday session after it was announced that the Americans had killed and an Iranian general,
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The British pound fell during the trading session on Friday, slicing through the 1.31 handle.
The Euro broke down rather significantly during the trading session on Friday, slicing through the 200 day EMA in a bit of a “risk off” type of scenario,
The Australian dollar got hit rather hard during the Friday session as word got out that the Americans had killed an Iranian general.
Amid renewed global geopolitical tensions, particularly from North Korea and the Middle East region, it was natural to have a strong demand for safe havens, the most important of which is the Japanese Yen, and accordingly, the USD/JPY price declined for six consecutive trading sessions, reaching the 107.86 support in the beginning of this week’s trading.
Natural gas markets went back and forth during the trading session on Friday, as we got inventory figure slightly better than anticipated.
The persistence and exacerbation of the recent global geopolitical tensions will naturally support further gains in gold prices.