Forex Daily Forecast, Analysis and Prediction

Besides risk appetite, there were better than expected results for the US economic figures, which motivated the USD/JPY in completing the bullish path

AUD/USD: Bullish trend still survives

USD/JPY: Real story is weak Japanese Yen

BTC/USD: Supported from the $9,000 / $9,500 area

GBP/USD: New lower resistance level at 1.2552

The US dollar rallied a bit after initially pulling back on Wednesday against the Japanese yen.

EUR/USD: Second new 50-day high closing price yesterday

Silver markets have broken down significantly during the trading session on Wednesday, breaking below the $18 level.

The S&P 500 has rallied above the 3100 level, which of course is a very bullish sign.

The gold markets have broken down significantly during the trading session on Thursday, but are clearly hanging around the $1700 level

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Wednesday, as we await some type of decision by OPEC

The Bitcoin market has gone back and forth during the trading session on Wednesday, after initially trying to poke above the $10,000 level on Tuesday.

The NASDAQ 100 continues to elevate to the upside, reaching towards the all-time highs again on Wednesday.

The Euro has extended its gains during a very volatile session on Wednesday, reaching towards the 1.1250 level.

The British pound has rallied rather significantly during the trading session again on Wednesday, piercing the 200 day EMA. However, we have ended up forming a bit of a shooting star and that is a negative sign.