Forex Daily Forecast, Analysis and Prediction

The USD/ZAR dropped a bit during the trading session on Wednesday, but quite frankly we are still in the same region that we have been in for a while.

The S&P 500 bounced a bit during the trading session on Wednesday, to reach the 50-Day EMA.

The NASDAQ 100 rallied a bit during the trading session on Wednesday, as the market had gotten a bit oversold.

The AUD/JPY rallied a bit during the trading session on Wednesday, as we are trying to recover from the massive selloff in all of the yen-related pairs.

The USD/CAD has done very little during the trading session on Wednesday, as we continue to hang around the 1.36 level.

The USD/JPY stabilized a bit against the Japanese yen during trading on Wednesday, after the shock announcement on Tuesday.

Gold markets initially tried to rally during the day on Wednesday but came back enough of the gain to show signs of hesitation.

The EUR/USD has rallied a bit during the trading session early on Wednesday but continues to show signs of exhaustion every time we try to break significantly above the 1.06 level.

The AUD/USD has gone back and forth during the trading session on Wednesday, as we continue to hang around the 50-Day EMA.

Weak recovery from lows over recent weeks gives hope to HODLers.

The GBP/USD price retreated to the lowest level since December 1 as the US dollar rebounded and bond yields pulled back.

The EUR/USD price was little unchanged on Thursday after the US published strong consumer confidence data.

The AUD/USD price wavered during the Australian session as the US dollar strengthened.

The sudden announcement by the Japanese Central Bank of the shift towards the first steps of tightening contributed to the Japanese yen achieving record gains against all other major currencies.

Gold futures cleared the $1,800 psychological resistance as a weak US dollar and a shock from the Bank of Japan (BoJ) supported the metals market.