Forex Daily Forecast, Analysis and Prediction

The BTC/USD initially tried to rally during the trading session on Thursday but seems to be sticking to the 23,000-level light blue.

The continued pressure on the US dollar before the announcement of influential US economic data contributed to the bulls achieving more gains for the EUR/USD up to the resistance level of 1.0926.

The continued weakening of the price of the US dollar remains supportive of the price of an ounce of gold XAU/USD in moving towards important resistance levels.

Despite the weakness of the Japanese yen against the rest of the other major currencies, the pair of the US dollar against the Japanese yen USD/JPY was exposed to selling operations for two days in a row.

After sales recently happened to the GBP/USD currency pair against the American dollar, it declined in its wake in the middle of this week's trades reaching the support level of 1.2263.

The 1.31100 is now being flirted upon by the USD/SGD.

The Turkish lira stabilized against the dollar, without major changes, during morning trading today, Thursday.

The GBP/USD currency pair has rallied a bit during the trading session on Wednesday as we continue to see a lot of noisy behavior.

The Australian dollar has rallied again during the day on Wednesday, as we continue to see the US dollar get hammered on central-bank expectations.

The EUR/JPY currency pair has pulled back a bit during the trading session on Wednesday as we continue to flirt with the 50-Day EMA.

The USD/JPY has produced a rather wide test of its short-term range this week as speculators await important U.S GDP statistics coming later today and inflation data tomorrow.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading on Wednesday, as we continue to see the $80 level offer a bit of support.

The EUR/USD currency pair has rallied slightly on Wednesday as it looks like we are trying to do everything we can to break above the 1.09 level.

The Dow Jones Industrial Average continued to rise in its recent trading on the intraday levels, achieving gains for the fourth session in a row, by 0.03%.

Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline during their early trading on Thursday, to record new daily losses until the moment of writing this report, by -1.72%.