Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair continued its downward trend after the strong European inflation data and after the Federal Reserve chair hinted that rate hikes were coming.

The BTC/USD pair maintained a bullish trend on Thursday morning as it appeared to diverge from other assets.

The AUD/USD pair was little changed on Thursday morning as the market reflected on Tuesday’s RBA decision and the commitment by Jerome Powell to hike interest rates in March.

Spot natural gas prices (CFDS ON NATURAL GAS) rose during the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 3.16%.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the second day in a row, by -1.76%.

Get today's recommendation on the lira against the dollar with our Forex signal.

The price of gold gained as investors weighed the impact of sanctions against Russia with Moscow's countermeasures in the wake of the invasion of Ukraine,

After three consecutive trading sessions during which the price of the US dollar against the Japanese yen was exposed to selling operations, it moved towards the 114.70 support level.

Despite the continuous selling operations from February 23, which the GBP/USD currency pair experienced, with losses to the 1.3273 support level

In light of the constant anxiety in the financial markets, the selling operations of the euro against the dollar EUR/USD are still going on.

However, the price is approaching long-term resistance at $45,668.

The euro fell all the way down to the 1.11 handle underneath, which is where we had bounced from previously.

AVAX/USD is trading below the 88.0000 level as of this writing.

ETH/USD remains fast and its speculative landscape is producing quick results for traders.

The German DAX Index has had a very rough 24 hours in the futures market, as it had initially tried to rally towards the €14,500 level but then failed.