Forex Daily Forecast, Analysis and Prediction

The Euro went back and forth during the trading session on Thursday, as we have seen the 1.10 level cause issues yet again.

The NASDAQ 100 has pulled back significantly during the trading session on Thursday as the 9500 level has offered far too much in the way of resistance.

The S&P 500 did pull back a bit during the trading session on Thursday, as we cannot seem to be able to break above the 3000 handle.

The Australian dollar has shown itself to be strong over the last couple of days, but it pulled back from the 0.66 level rather stringently.

The silver markets fell rather hard during the trading session on Thursday after testing the $18 level.

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Thursday, breaking above the $34 level before pulling back just a bit.

Bitcoin markets broke down significantly during the trading session on Thursday as we had seen a move into the US dollar overall.

The gold markets broke down significantly during the trading session on Thursday as we have pulled back from the $1750 level.

US economic data supports a more severe economic disruption than previously forecast.

With UK businesses slowly returning to an adjusted economic and social environment, the realization that a slow recovery lies ahead positions companies,

After China applied an 80% tariff on Australian barley imports over the next five years, citing anti-dumping practices, and barring certain beef imports,

The USD/JPY is still lacking the necessary momentum to complete the path of the recent rise, as recent gains stopped around the 108.08 resistance.

Although gold price stopped achieving stronger gains during yesterday's trading, despite the USD drop, reaching the $1754 resistance an ounce and stability around $1743 at the time of writing. However, the general trend is still bullish and ready to move towards new highs.

The GBP/USD is trying hard to avoid a breakdown below the 1.2200 support so that technically hopes of completing the upward correction does not evaporate.

A new attempt by the bulls to push the EUR/USD pair to breach the 1.1000 psychological resistance, which supports the last correction, but gains stopped around 1.0998 before settling around 1.0975 at the beginning of Thursday's trading.