As global economic data continues to disappoint, safe-haven assets such as gold are expected to attract fresh capital.
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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Despite better-than-expected economic data out of Singapore, the Singapore Dollar remains depressed.
Natural gas markets have fallen a bit during the trading session on Thursday and what would have been very thin electronic trading.
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The S&P 500 has gapped a little bit lower at the open on Thanksgiving Day, which obviously had the underlying market closed.
The E-mini NASDAQ 100 contract traded in thin volume during the Thanksgiving Day trading and rose after initially gapped lower.
Gold markets drifted a little bit lower during the trading session on Thursday and what would have been very thin trading during the Thanksgiving Day holiday.
West Texas Intermediate Crude traded in light volume during the Thanksgiving Day holiday, drifting a little bit lower.
The Euro has initially tried to rally during the trading session on Thursday, but keep in mind that it was Thanksgiving Day,
Unfortunately, the Australian dollar is highly levered to the US/China trade situation, which of course is all over the place
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The US dollar has gone back and forth during the trading session on Thursday, in what would have been relatively thin trading due to the Thanksgiving Day holiday.
It's obvious that the USD/JPY pair is trying to break out, and it’s probably only a matter of time before it actually occurs.
The British pound initially tried to rally during the training session on Thursday, but with Donald Trump signing the bill backing Hong Kong protesters from the U.S. Congress
Bullish momentum in the EUR/AUD is fading and more downside is expected to follow.
New Zealand economic data released this morning showed an increase in consumer confidence for November while building permits decreased.
The EUR/USD fell to the 1.0992 support during Wednesday's session, as the pressure on the Euro continues with the contrast economic performance between the US and the Eurozone.