Forex Daily Forecast, Analysis and Prediction

The performance of the yellow metal during the Tuesday session was a consolidation of the upward trend strength.

The JPY is still the main beneficiary of continued global trade and political tensions as one of the most important safe haven to hedge investors from the consequences of these tensions.

NZDUSD: Ranging and choppy around 0.6700

AUDUSD: Strong bearish reversal at 0.7047

USDJPY: 107.50 still supportive

Bitcoin: Bullish above $11,561

USDCAD: Support at 1.3054 holds firmly again

USDCHF Analysis: Bullish consolidation above 0.9841

The Euro went back and forth during the trading session on Wednesday, showing signs of stability and uncertainty around the 50 day EMA.

The British pound fell again during the trading session on Wednesday as traders start to focus on the Independence Day holiday on Thursday.

GBPUSD: Pound weakens as new pro-Brexit administration imminent

EURUSD: Bearish consolidation between 1.1271 and 1.1317

Bitcoin markets rallied during the trading session on Thursday, breaking the top of the hammer from the Tuesday session.

The NASDAQ 100 will be very thin and reduced to short-term electronic trading during the Thursday session as it is the Independence Day holiday in the United States.

The Australian dollar has rallied significantly during the trading session on Wednesday, breaking to the upside rather straight forward, breaking above the top of the top of the candle stick from the Monday session that was so negative.