After trading within sight of the 1.00000 ratio early in the past week, the EUR/USD started to slide lower again on Thursday and before going into the weekend.
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The GBP/USD went to a high of nearly 1.14950 on the 4th and 5th of October.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 9th, 2022 here.
The USD/CHF has rallied again during trading on Thursday as we continue to consolidate just below the 0.99 level.
The GBP/USD pair has fallen again during the trading session on Thursday as we continue to see plenty of negativity out there, and perhaps recovery of this massive shot higher.
The NASDAQ 100 initially tried to rally on Thursday but gave bank gain as we continue to hesitate near the 11,600 level.
The EUR/USD has fallen again during the trading session on Thursday as we breached the 0.98 level.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Thursday, as OPEC has sliced production by 2 million barrels per day.
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Gold markets have initially tried to rally during the trading session on Thursday but pulled back a bit as it looks like we are hesitating just ahead of the Non-Farm Payroll announcements on Friday.
The ETH/USD markets have been quiet during the Thursday session, gaining over 1% but staying within the tight range that we have been in.
The BTC/USD market has done very little during the trading session on Thursday as we continue to hang around the 50-Day EMA.
We expected that the euro's current gains against the US dollar EUR/USD may be subject to collapse at any time.
The recent recovery of the pound may extend if the improvement in global investor sentiment continues.
The ascending path of the USD/JPY currency pair was not affected much by the selling that the currency pair witnessed in the middle of this week’s trading.