4 Global Market Updates- 18 July, 2022

 

In this article, we have covered the highlights of global market news about the USD, Japanese Yen, the British pound and Silver price.
USD Technical Outlook: USD/THB, USD/PHP, USD/SGD, USD/IDR

Over the previous week, the US dollar has been more potent than the Thai baht. As a result, USD/THB reached a 2015 high of 36.668. The two, nevertheless, we’re unable to maintain a close above it. Instead, prices left a candlestick pattern known as a shooting star. Though it is still too early to assume anything, this indicates uncertainty. A tipping point may be indicated by more negative confirmation. A confirmation closing below the 50-Day Simple Moving Average (SMA) might indicate rising bearishness. Otherwise, continued upward movement from here would concentrate attention on the 37.458 123.6 percent Fibonacci extension.

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