Forex Daily Forecast, Analysis and Prediction

The British pound has rallied a bit during the trading session on Thursday, as we continue to reach towards the vital 1.30 level.

The Australian dollar has initially tried to rally during the trading session on Thursday but give back the gains at the 61.8% Fibonacci retracement level.

The West Texas Intermediate Crude Oil market pulled back a bit during the trading session on Thursday, as the market continues to undulate in general.

The natural gas markets initially tried to rally during the trading session on Thursday but failed to continue going higher as we then pulled back to form a bit of a shooting star.

Gold markets rallied a bit during the trading session on Thursday as we are heading towards the jobs figure on Friday.

Bitcoin continues to be very quiet during trading on Thursday, as we have to make sense of the recent news about the Chinese and black chain.

For three trading sessions in a row, the price of the GBP/USD was trying to rebound up from the threshold of 1.2800 support,

Pressure on the US dollar against other major currencies increased after the Federal Reserve announced yesterday a cut in US interest rates for the third time in 2019.

There is no doubt that the US dollar weakness is a good opportunity for the gold prices rise

USD/JPY fell from the 109.28 resistance, the highest in three months, before settling around 108.60 at the time of writing, after the US dollar came under pressure

NZDUSD: Ranging between 0.6315 to 0.6452

AUDUSD: Bulls likely to keep upper hand

USDJPY: Major bearish reversal from 109.00

The US dollar rallied significantly during the trading session on Wednesday against the Japanese yen but turned around at the 61.8% Fibonacci retracement level

The Euro initially fell during the trading session on Wednesday, but found support of the 1.1075 level again, rallying quite significantly to reach the 1.1150 level.